Comparison between Envirotech Systems IPO and Gajanand International IPO.
Envirotech Systems IPO is a SME Fixed Price IPO proposed to list at NSE SME while Gajanand International IPO is a SME Fixed Price proposed to list at NSE SME.
| Envirotech Systems IPO | Gajanand International IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Share India Capital Services Pvt.Ltd. | Fast Track Finsec Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Share India Securities Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Envirotech Systems IPO is up to ₹26.31 Cr whereas the issue size of the Gajanand International IPO is up to ₹19.61 Cr. The final issue price of Envirotech Systems IPO is ₹56.00 per share and of Gajanand International IPO is ₹36.00 per share.
| Envirotech Systems IPO | Gajanand International IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹53.00 per share | |
| Issue Price (Upper) | ₹56.00 per share | |
| Issue Price (Final) | ₹56.00 per share | ₹36.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 46,98,000 shares | 54,48,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.31 Cr | up to ₹19.61 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 46,98,000 shares | 54,48,000 shares |
| Issue Size Total (Amount) | up to ₹26.31 Cr | up to ₹19.61 Cr |
Envirotech Systems IPO opens on Sep 13, 2024, while Gajanand International IPO opens on Sep 09, 2024. The closing date of Envirotech Systems IPO and Gajanand International IPO is Sep 19, 2024, and Sep 11, 2024, respectively.
| Envirotech Systems IPO | Gajanand International IPO | |
|---|---|---|
| Anchor Bid Date | Sep 12, 2024 | |
| Issue Open | Sep 13, 2024 | Sep 09, 2024 |
| Issue Close | Sep 19, 2024 | Sep 11, 2024 |
| Basis Of Allotment (Tentative) | Sep 20, 2024 | Sep 12, 2024 |
| Initiation of Refunds (Tentative) | Sep 23, 2024 | Sep 13, 2024 |
| Credit of Share (Tentative) | Sep 23, 2024 | Sep 13, 2024 |
| Listing date (Tentative) | Sep 24, 2024 | Sep 16, 2024 |
| Anchor Lockin End date 1 | Oct 20, 2024 | |
| Anchor Lockin End date 2 | Dec 19, 2024 |
Envirotech Systems IPO P/E ratio is 6.56, as compared to Gajanand International IPO P/E ratio of 21.08.
| Envirotech Systems IPO | Gajanand International IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Envirotech Systems Limited Financial Information (Restated)Envirotech Systems Limited's revenue increased by 63% and profit after tax (PAT) rose by 344% between the financial year ending with March 31, 2024 and March 31, 2023.
| Gajanand International Limited Financial Information (Restated)Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 96.48 | 90.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.75 | 62.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 6.56 | 21.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹105.22 Cr. | ₹67.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 58.29% | 19.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 62.43% | 29.72% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.68 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹8.54 | ₹1.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 58.29% | 19.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Envirotech Systems IPO Retail Individual Investors (RII) are offered 16,46,000 shares while in Gajanand International IPO retail investors are offered 16,46,000 shares. Qualified Institutional Buyers (QIB) are offered 9,40,000 shares in Envirotech Systems IPO and in Gajanand International IPO.
| Envirotech Systems IPO | Gajanand International IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,06,000 shares | |
| Market Maker Reserveration | 7,02,000 shares | 2,88,000 shares |
| QIB | 9,40,000 shares | |
| NII | 7,06,000 shares | 27,24,000 shares |
| RII | 16,46,000 shares | 27,24,000 shares |
| Employee | ||
| Others | ||
| Total | 46,98,000 shares | 54,48,000 shares |
Envirotech Systems IPO subscribed 91.67x in total, whereas Gajanand International IPO subscribed 15.27x.
| Envirotech Systems IPO | Gajanand International IPO | |
|---|---|---|
| QIB (times) | 68.12x | |
| NII (times) | 187.14x | 5.79x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 64.16x | 24.18x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 91.67x | 15.27x |
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