Enfuse Solutions IPO vs Pratham EPC Projects IPO

Comparison between Enfuse Solutions IPO and Pratham EPC Projects IPO.

IPO Details

Enfuse Solutions IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Pratham EPC Projects IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Enfuse Solutions IPO is up to ₹21.29 Cr whereas the issue size of the Pratham EPC Projects IPO is up to ₹34.20 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Pratham EPC Projects IPO is ₹75.00 per share.

 Enfuse Solutions IPOPratham EPC Projects IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹91.00 per share₹71.00 per share
Issue Price (Upper)₹96.00 per share₹75.00 per share
Issue Price (Final)₹96.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size22,17,600 shares45,60,000 shares
Fresh Issue Size (Amount)up to ₹21.29 Crup to ₹34.20 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,17,600 shares45,60,000 shares
Issue Size Total (Amount)up to ₹21.29 Crup to ₹34.20 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while Pratham EPC Projects IPO opens on Mar 11, 2024. The closing date of Enfuse Solutions IPO and Pratham EPC Projects IPO is Mar 19, 2024, and Mar 13, 2024, respectively.

 Enfuse Solutions IPOPratham EPC Projects IPO
Anchor Bid DateMar 14, 2024Mar 07, 2024
Issue OpenMar 15, 2024Mar 11, 2024
Issue CloseMar 19, 2024Mar 13, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Mar 14, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Mar 15, 2024
Credit of Share (Tentative)Mar 21, 2024Mar 15, 2024
Listing date (Tentative)Mar 22, 2024Mar 18, 2024
Anchor Lockin End date 1Apr 19, 2024Apr 13, 2024
Anchor Lockin End date 2Jun 18, 2024Jun 12, 2024

Financials & KPIs

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Pratham EPC Projects IPO P/E ratio of 12.72.

 Enfuse Solutions IPOPratham EPC Projects IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets25.4711.658.904.61
Total Income28.0526.1025.5717.20
Profit After Tax3.232.931.981.55
NET Worth9.706.463.541.56
Reserves and Surplus3.19
Total Borrowing9.062.422.34
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets46.4448.5028.5020.42
Total Income35.8151.6750.6330.85
Profit After Tax5.237.644.411.13
NET Worth23.2117.9810.345.92
Reserves and Surplus10.2517.179.535.11
Total Borrowing9.5214.192.461.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00100.00
Promoter Shareholding (Post-Issue)73.5872.97
P/E Ratio21.3512.72
Market Cap₹84.94 Cr.₹133.20 Cr.
ROE39.88%45.10
ROCE24.05%24.81
Debt/Equity
EPS₹4.50₹5.90
RoNW33.25%22.55

Shares Offered

In the Enfuse Solutions IPO Retail Individual Investors (RII) are offered 7,76,400 shares while in Pratham EPC Projects IPO retail investors are offered 7,76,400 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 9,12,000 shares in Pratham EPC Projects IPO.

 Enfuse Solutions IPOPratham EPC Projects IPO
Anchor Investor Reservation6,63,600 shares13,66,400 shares
Market Maker Reservation1,20,000 shares2,40,000 shares
QIB4,44,000 shares9,12,000 shares
NII3,33,600 shares6,84,800 shares
RII7,76,400 shares15,96,800 shares
Employee
Others
Total22,17,600 shares45,60,000 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas Pratham EPC Projects IPO subscribed 178.54x.

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Enfuse Solutions IPO Vs Pratham EPC Projects IPO