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Enser Communications IPO vs Vruddhi Engineering Works IPO

Comparison between Enser Communications IPO and Vruddhi Engineering Works IPO.

IPO Details

Enser Communications IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Vruddhi Engineering Works IPO is a SME Bookbuilding proposed to list at BSE SME.

 Enser Communications IPOVruddhi Engineering Works IPO
LogoEnser Communications IPO LogoVruddhi Engineering Works IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersNovus Capital Advisors Pvt.Ltd.Fedex Securities Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerB.N.Rathi Securities Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Enser Communications IPO is up to ₹15.34 Cr whereas the issue size of the Vruddhi Engineering Works IPO is up to ₹4.51 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Vruddhi Engineering Works IPO is ₹70.00 per share.

 Enser Communications IPOVruddhi Engineering Works IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹66.00 per share
Issue Price (Upper)₹70.00 per share
Issue Price (Final)₹70.00 per share₹70.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares2000 shares
Fresh Issue Size21,92,000 shares6,44,000 shares
Fresh Issue Size (Amount)up to ₹15.34 Crup to ₹4.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,92,000 shares6,44,000 shares
Issue Size Total (Amount)up to ₹15.34 Crup to ₹4.51 Cr

IPO Timetable

Enser Communications IPO opens on Mar 15, 2024, while Vruddhi Engineering Works IPO opens on Mar 26, 2024. The closing date of Enser Communications IPO and Vruddhi Engineering Works IPO is Mar 19, 2024, and Mar 28, 2024, respectively.

 Enser Communications IPOVruddhi Engineering Works IPO
Issue OpenMar 15, 2024Mar 26, 2024
Issue CloseMar 19, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Apr 01, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Apr 02, 2024
Credit of Share (Tentative)Mar 21, 2024Apr 02, 2024
Listing date (Tentative)Mar 22, 2024Apr 03, 2024

Financials & KPIs

Enser Communications IPO P/E ratio is 28.02, as compared to Vruddhi Engineering Works IPO P/E ratio of 17.13.

 Enser Communications IPOVruddhi Engineering Works IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets17.9913.848.706.62
Total Income18.1625.9116.869.61
Profit After Tax2.141.600.78-0.12
NET Worth6.533.952.351.57
Reserves and Surplus6.523.942.341.56
Total Borrowing7.096.323.092.77
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets8.097.821.000.03
Total Income9.3513.102.210.00
Profit After Tax0.410.750.09-0.01
NET Worth2.532.120.100.00
Reserves and Surplus0.691.190.09-0.01
Total Borrowing3.023.230.470.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)90.13%98.63%
Promoter Shareholding (Post-Issue)66.25%72.05%
P/E Ratio28.0217.13
Market Cap₹61.01 Cr.₹17.67 Cr.
ROE32.7616.20
ROCE34.6115.53
Debt/Equity1.19
EPS₹2.50₹4.09
RoNW32.7616.20

Shares Offered

In the Enser Communications IPO Retail Individual Investors (RII) are offered 10,96,000 shares while in Vruddhi Engineering Works IPO retail investors are offered 10,96,000 shares. Qualified Institutional Buyers (QIB) are offered in Enser Communications IPO and 3,20,000 shares in Vruddhi Engineering Works IPO.

 Enser Communications IPOVruddhi Engineering Works IPO
Market Maker Reservation1,18,000 shares36,000 shares
QIB3,20,000 shares
NII10,96,000 shares98,000 shares
RII10,96,000 shares2,26,000 shares
Total21,92,000 shares6,44,000 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.28x in total, whereas Vruddhi Engineering Works IPO subscribed 14.16x.

 Enser Communications IPOVruddhi Engineering Works IPO
QIB (times)1.12x
NII (times)3.64x40.20x
RII (times)10.92x21.35x
Total (times)7.28x14.16x

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Compare:

Enser Communications IPO Vs Vruddhi Engineering Works IPO