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Chatha Foods IPO vs Enfuse Solutions IPO

Comparison between Chatha Foods IPO and Enfuse Solutions IPO.

IPO Details

Chatha Foods IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Enfuse Solutions IPO is a SME Bookbuilding proposed to list at NSE SME.

 Chatha Foods IPOEnfuse Solutions IPO
LogoChatha Foods IPO LogoEnfuse Solutions IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersIndorient Financial Services Ltd.Hem Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerAlacrity Securities Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Chatha Foods IPO is up to ₹31.71 Cr whereas the issue size of the Enfuse Solutions IPO is up to ₹21.29 Cr. The final issue price of Chatha Foods IPO is ₹56.00 per share and of Enfuse Solutions IPO is ₹96.00 per share.

 Chatha Foods IPOEnfuse Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹53.00 per share₹91.00 per share
Issue Price (Upper)₹56.00 per share₹96.00 per share
Issue Price (Final)₹56.00 per share₹96.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1200 shares
Fresh Issue Size56,62,000 shares22,17,600 shares
Fresh Issue Size (Amount)up to ₹31.71 Crup to ₹21.29 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,62,000 shares22,17,600 shares
Issue Size Total (Amount)up to ₹31.71 Crup to ₹21.29 Cr

IPO Timetable

Chatha Foods IPO opens on Mar 19, 2024, while Enfuse Solutions IPO opens on Mar 15, 2024. The closing date of Chatha Foods IPO and Enfuse Solutions IPO is Mar 21, 2024, and Mar 19, 2024, respectively.

 Chatha Foods IPOEnfuse Solutions IPO
Anchor Bid DateMar 18, 2024Mar 14, 2024
Issue OpenMar 19, 2024Mar 15, 2024
Issue CloseMar 21, 2024Mar 19, 2024
Basis Of Allotment (Tentative)Mar 26, 2024Mar 20, 2024
Initiation of Refunds (Tentative)Mar 27, 2024Mar 21, 2024
Credit of Share (Tentative)Mar 27, 2024Mar 21, 2024
Listing date (Tentative)Mar 27, 2024Mar 22, 2024
Anchor Lockin End date 1Apr 25, 2024Apr 19, 2024
Anchor Lockin End date 2Jun 24, 2024Jun 18, 2024

Financials & KPIs

Chatha Foods IPO P/E ratio is 37.76, as compared to Enfuse Solutions IPO P/E ratio of 21.35.

 Chatha Foods IPOEnfuse Solutions IPO
Financials

Chatha Foods Limited Financial Information (Restated)

Chatha Foods Limited's revenue increased by 34.14% and profit after tax (PAT) rose by 264.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,827.625,141.944,830.314,330.28
Total Income7,078.0311,724.238,740.316,119.03
Profit After Tax341.04245.2067.24-400.35
Net Worth2,516.152,175.121,929.931,862.68
Reserves and Surplus862.66935.00689.81622.56
Total Borrowing987.961,060.191,101.331,065.03
Amount in ₹ Lakhs

Enfuse Solutions Limited Financial Information (Restated)

Enfuse Solutions Limited's revenue increased by 2.1% and profit after tax (PAT) rose by 47.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,547.231,164.71889.80460.80
Total Income2,805.282,610.422,556.641,720.26
Profit After Tax322.50292.73198.11155.43
Net Worth969.95646.45353.72155.60
Reserves and Surplus318.95
Total Borrowing905.75242.09234.08
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)81.36100.00
Promoter Shareholding (Post-Issue)73.58
P/E Ratio37.7621.35
Market Cap₹125.98 Cr.₹84.94 Cr.
ROE14.54%39.88%
ROCE14.81%24.05%
Debt/Equity0.39
EPS₹1.48₹4.50
RoNW14.54%33.25%

Shares Offered

In the Chatha Foods IPO Retail Individual Investors (RII) are offered 19,82,000 shares while in Enfuse Solutions IPO retail investors are offered 19,82,000 shares. Qualified Institutional Buyers (QIB) are offered 11,32,000 shares in Chatha Foods IPO and 4,44,000 shares in Enfuse Solutions IPO.

 Chatha Foods IPOEnfuse Solutions IPO
Anchor Investor Reserveration16,98,000 shares6,63,600 shares
Market Maker Reserveration3,00,000 shares1,20,000 shares
QIB11,32,000 shares4,44,000 shares
NII8,50,000 shares3,33,600 shares
RII19,82,000 shares7,76,400 shares
Employee
Others
Total56,62,000 shares22,17,600 shares

Bids Received (Subscription)

Chatha Foods IPO subscribed 19.28x in total, whereas Enfuse Solutions IPO subscribed 357.31x.

 Chatha Foods IPOEnfuse Solutions IPO
QIB (times)8.54x99.97x
NII (times)44.52x953.22x
Big NII (times)
Small NII (times)
RII (times)14.60x248.42x
Employee (times)
Other (times)
Total (times)19.28x357.31x