Comparison between Electro Force IPO and Shree OSFM E-Mobility IPO.
Electro Force IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shree OSFM E-Mobility IPO is a SME Fixed Price proposed to list at NSE SME.
| Electro Force IPO | Shree OSFM E-Mobility IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | First Overseas Capital Ltd. | First Overseas Capital Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Arham Shares Pvt.Ltd. | Bhh Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Shree OSFM E-Mobility IPO is up to ₹23.30 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Shree OSFM E-Mobility IPO is ₹65.00 per share.
| Electro Force IPO | Shree OSFM E-Mobility IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹93.00 per share | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 55,64,400 shares | 35,84,000 shares |
| Fresh Issue Size (Amount) | up to ₹51.75 Cr | up to ₹23.30 Cr |
| OFS Issue Size | 26,74,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹24.88 Cr | up to ₹0.00 Cr |
| Issue Size Total | 82,39,200 shares | 35,84,000 shares |
| Issue Size Total (Amount) | up to ₹76.62 Cr | up to ₹23.30 Cr |
Electro Force IPO opens on Dec 19, 2023, while Shree OSFM E-Mobility IPO opens on Dec 14, 2023. The closing date of Electro Force IPO and Shree OSFM E-Mobility IPO is Dec 21, 2023, and Dec 18, 2023, respectively.
| Electro Force IPO | Shree OSFM E-Mobility IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 19, 2023 | Dec 14, 2023 |
| Issue Close | Dec 21, 2023 | Dec 18, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 19, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 20, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 20, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 21, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Electro Force IPO P/E ratio is 20.22, as compared to Shree OSFM E-Mobility IPO P/E ratio of 22.08.
| Electro Force IPO | Shree OSFM E-Mobility IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Electro Force (India) Limited Financial Information (Restated)Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| Shree OSFM E-Mobility Limited Financial Information (Restated)Shree OSFM E-Mobility Limited's revenue increased by 168.25% and profit after tax (PAT) rose by 89.88% between the financial year ending with March 31, 2023 and March 31, 2022.
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 76.02 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.93 | 55.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.22 | 22.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹217.62 Cr. | ₹92.85 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.57% | 0.09% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 58.23% | 0.21% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.60 | ₹2.94 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.57% | 15.11% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Shree OSFM E-Mobility IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and in Shree OSFM E-Mobility IPO.
| Electro Force IPO | Shree OSFM E-Mobility IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 4,35,600 shares | 2,00,000 shares |
| QIB | ||
| NII | 41,19,600 shares | 17,92,000 shares |
| RII | 41,19,600 shares | 17,92,000 shares |
| Employee | ||
| Others | ||
| Total | 82,39,200 shares | 35,84,000 shares |
Electro Force IPO subscribed 4.28x in total, whereas Shree OSFM E-Mobility IPO subscribed 8.52x.
| Electro Force IPO | Shree OSFM E-Mobility IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.12x | 6.82x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 6.44x | 9.30x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.28x | 8.52x |
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