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Esconet Technologies IPO vs Owais Metal IPO

Comparison between Esconet Technologies IPO and Owais Metal IPO.

IPO Details

Esconet Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Owais Metal IPO is a SME Bookbuilding proposed to list at NSE SME.

 Esconet Technologies IPOOwais Metal IPO
LogoEsconet Technologies IPO LogoOwais Metal IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Gretex Corporate Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Gretex Share Broking 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 Esconet Technologies IPO is up to ₹26.75 Cr whereas the issue size of the Owais Metal IPO is up to ₹39.70 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Owais Metal IPO is ₹87.00 per share.

 Esconet Technologies IPOOwais Metal IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share₹83.00 per share
Issue Price (Upper)₹84.00 per share₹87.00 per share
Issue Price (Final)₹84.00 per share₹87.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size31,84,000 shares45,63,200 shares
Fresh Issue Size (Amount)up to ₹26.75 Crup to ₹39.70 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,84,000 shares45,63,200 shares
Issue Size Total (Amount)up to ₹26.75 Crup to ₹39.70 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Owais Metal IPO opens on Feb 26, 2024. The closing date of Esconet Technologies IPO and Owais Metal IPO is Feb 20, 2024, and Feb 28, 2024, respectively.

 Esconet Technologies IPOOwais Metal IPO
Anchor Bid DateFeb 15, 2024Feb 23, 2024
Issue OpenFeb 16, 2024Feb 26, 2024
Issue CloseFeb 20, 2024Feb 28, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Feb 29, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Mar 01, 2024
Credit of Share (Tentative)Feb 22, 2024Mar 01, 2024
Listing date (Tentative)Feb 23, 2024Mar 04, 2024
Anchor Lockin End date 1Mar 22, 2024Mar 30, 2024
Anchor Lockin End date 2May 21, 2024May 29, 2024

Financials & KPIs

Esconet Technologies IPO P/E ratio is 24.87, as compared to Owais Metal IPO P/E ratio of 21.35.

 Esconet Technologies IPOOwais Metal IPO
Financials

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets4,260.462,798.37
Total Income7,146.719,690.84
Profit After Tax305.47304.00
Net Worth902.97554.47
Reserves and Surplus825.19477.48
Total Borrowing1,008.951,103.89
Amount in ₹ Lakhs

Owais Metal and Mineral Processing Limited Financial Information (Restated)

Period Ended31 Dec 202331 Mar 2023
Assets5,164.23379.62
Total Income3,977.54
Profit After Tax765.47-12.72
Net Worth2,122.7757.28
Reserves and Surplus795.2544.28
Total Borrowing1,350.59321.29
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)89.18100.00
Promoter Shareholding (Post-Issue)64.9473.01
P/E Ratio24.8721.35
Market Cap₹103.82 Cr.₹158.19 Cr.
ROE75.54%-5.35%
ROCE59.11%
Debt/Equity1.995.61
EPS₹39.63₹4.08
RoNW54.83%-22.22%

Shares Offered

In the Esconet Technologies IPO Retail Individual Investors (RII) are offered 11,15,200 shares while in Owais Metal IPO retail investors are offered 11,15,200 shares. Qualified Institutional Buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 9,12,000 shares in Owais Metal IPO.

 Esconet Technologies IPOOwais Metal IPO
Anchor Investor Reserveration9,53,600 shares13,68,000 shares
Market Maker Reserveration1,76,000 shares3,44,000 shares
QIB6,36,800 shares9,12,000 shares
NII4,78,400 shares6,84,800 shares
RII11,15,200 shares15,98,400 shares
Employee
Others
Total31,84,000 shares45,63,200 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Owais Metal IPO subscribed 221.18x.

 Esconet Technologies IPOOwais Metal IPO
QIB (times)156.02x92.06x
NII (times)868.05x329.36x
Big NII (times)
Small NII (times)
RII (times)553.02x248.50x
Employee (times)
Other (times)
Total (times)507.24x221.18x