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Enfuse Solutions IPO vs KP Green Engineering IPO

Comparison between Enfuse Solutions IPO and KP Green Engineering IPO.

IPO Details

Enfuse Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while KP Green Engineering IPO is a SME Bookbuilding proposed to list at BSE SME.

 Enfuse Solutions IPOKP Green Engineering IPO
LogoEnfuse Solutions IPO LogoKP Green Engineering IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Spread X Securities 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 Enfuse Solutions IPO is up to ₹21.29 Cr whereas the issue size of the KP Green Engineering IPO is up to ₹180.03 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of KP Green Engineering IPO is ₹144.00 per share.

 Enfuse Solutions IPOKP Green Engineering IPO
Face Value₹10 per share₹5 per share
Issue Price (Lower)₹91.00 per share₹137.00 per share
Issue Price (Upper)₹96.00 per share₹144.00 per share
Issue Price (Final)₹96.00 per share₹144.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size22,17,600 shares1,25,02,000 shares
Fresh Issue Size (Amount)up to ₹21.29 Crup to ₹180.03 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,17,600 shares1,25,02,000 shares
Issue Size Total (Amount)up to ₹21.29 Crup to ₹180.03 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while KP Green Engineering IPO opens on Mar 15, 2024. The closing date of Enfuse Solutions IPO and KP Green Engineering IPO is Mar 19, 2024, and Mar 19, 2024, respectively.

 Enfuse Solutions IPOKP Green Engineering IPO
Anchor Bid DateMar 14, 2024Mar 13, 2024
Issue OpenMar 15, 2024Mar 15, 2024
Issue CloseMar 19, 2024Mar 19, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Mar 20, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Mar 21, 2024
Credit of Share (Tentative)Mar 21, 2024Mar 21, 2024
Listing date (Tentative)Mar 22, 2024Mar 22, 2024
Anchor Lockin End date 1Apr 19, 2024Apr 19, 2024
Anchor Lockin End date 2Jun 18, 2024Jun 18, 2024

Financials & KPIs

Enfuse Solutions IPO P/E ratio is 21.35, as compared to KP Green Engineering IPO P/E ratio of 42.8.

 Enfuse Solutions IPOKP Green Engineering IPO
Financials

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

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets13,635.629,506.65
Total Income10,413.6411,478.50
Profit After Tax1,126.641,239.45
Reserves and Surplus2,624.033,177.38
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0090.37
Promoter Shareholding (Post-Issue)73.5866.59
P/E Ratio21.3542.8
Market Cap₹84.94 Cr.₹720.00 Cr.
ROE39.88%29.24%
ROCE24.05%23.05%
Debt/Equity1.11
EPS₹4.50₹3.36
RoNW33.25%25.51%

Shares Offered

In the Enfuse Solutions IPO Retail Individual Investors (RII) are offered 7,76,400 shares while in KP Green Engineering IPO retail investors are offered 7,76,400 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 25,00,000 shares in KP Green Engineering IPO.

 Enfuse Solutions IPOKP Green Engineering IPO
Anchor Investor Reserveration6,63,600 shares37,50,000 shares
Market Maker Reserveration1,20,000 shares6,58,000 shares
QIB4,44,000 shares25,00,000 shares
NII3,33,600 shares18,76,000 shares
RII7,76,400 shares43,76,000 shares
Employee
Others
Total22,17,600 shares1,25,02,000 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas KP Green Engineering IPO subscribed 29.50x.

 Enfuse Solutions IPOKP Green Engineering IPO
QIB (times)99.97x31.86x
NII (times)953.22x48.23x
Big NII (times)
Small NII (times)
RII (times)248.42x20.12x
Employee (times)
Other (times)
Total (times)357.31x29.50x