Esprit Stones IPO vs Trom Industries IPO

Comparison between Esprit Stones IPO and Trom Industries IPO.

IPO Details

Esprit Stones IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trom Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

	Esprit Stones IPO	Trom Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Srujan Alpha Capital Advisors LLP	Expert Global Consultants Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Kfin Technologies Ltd.
Market Maker	Choice Equity Broking Pvt.Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Esprit Stones IPO is up to ₹47.82 Cr whereas the issue size of the Trom Industries IPO is up to ₹29.79 Cr. The final issue price of Esprit Stones IPO is ₹87.00 per share and of Trom Industries IPO is ₹115.00 per share.

	Esprit Stones IPO	Trom Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹82.00 per share	₹100.00 per share
Issue Price (Upper)	₹87.00 per share	₹115.00 per share
Issue Price (Final)	₹87.00 per share	₹115.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹5.00 per share
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	55,04,000 shares	25,90,800 shares
Fresh Issue Size (Amount)	up to ₹47.82 Cr	up to ₹29.79 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	55,04,000 shares	25,90,800 shares
Issue Size Total (Amount)	up to ₹47.82 Cr	up to ₹29.79 Cr

IPO Timetable

Esprit Stones IPO opens on Jul 26, 2024, while Trom Industries IPO opens on Jul 25, 2024. The closing date of Esprit Stones IPO and Trom Industries IPO is Jul 30, 2024, and Jul 29, 2024, respectively.

	Esprit Stones IPO	Trom Industries IPO
Anchor Bid Date	Jul 25, 2024	Jul 24, 2024
Issue Open	Jul 26, 2024	Jul 25, 2024
Issue Close	Jul 30, 2024	Jul 29, 2024
Basis Of Allotment (Tentative)	Jul 31, 2024	Jul 30, 2024
Initiation of Refunds (Tentative)	Aug 01, 2024	Jul 31, 2024
Credit of Share (Tentative)	Aug 01, 2024	Jul 31, 2024
Listing date (Tentative)	Aug 02, 2024	Aug 01, 2024
Anchor Lockin End date 1	Aug 30, 2024	Aug 29, 2024
Anchor Lockin End date 2	Oct 29, 2024	Oct 28, 2024

Financials & KPIs

Esprit Stones IPO P/E ratio is 13.62, as compared to Trom Industries IPO P/E ratio of 12.98.

Esprit Stones IPO

Trom Industries IPO

Financials

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	27,459.35	23,802.24	18,069.74
Total Income	27,477.82	17,606.52	19,002.60
Profit After Tax	1,031.73	355.72	1,850.53
Net Worth	7,238.80	6,227.81	5,893.32
Reserves and Surplus	5,623.80	5,277.81	4,943.32
Total Borrowing	12,541.91	11,879.55	5,799.76
Amount in ₹ Lakhs

Trom Industries Limited Financial Information (Restated)

Trom Industries Limited's revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,919.93	2,155.35	1,854.32
Total Income	5,454.68	2,413.80	3,056.55
Profit After Tax	572.93	28.86	35.98
Net Worth	1,222.57	249.92	221.12
Reserves and Surplus	575.84	248.92	220.12
Total Borrowing	573.71	492.82	85.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

98.84

Promoter Shareholding (Post-Issue)

69.52

P/E Ratio

13.62

12.98

Market Cap

₹190.92 Cr.

₹105.74 Cr.

ROE

77.82%

ROCE

12.39%

47.11%

Debt/Equity

1.72

0.47

EPS

₹6.39

₹8.86

RoNW

15.09%

77.82%

Shares Offered

In the Esprit Stones IPO Retail Individual Investors (RII) are offered 18,81,600 shares while in Trom Industries IPO retail investors are offered 18,81,600 shares. Qualified Institutional Buyers (QIB) are offered 10,75,200 shares in Esprit Stones IPO and 5,18,400 shares in Trom Industries IPO.

	Esprit Stones IPO	Trom Industries IPO
Anchor Investor Reserveration	16,12,800 shares	7,76,400 shares
Market Maker Reserveration	2,91,200 shares	1,36,800 shares
QIB	10,75,200 shares	5,18,400 shares
NII	8,06,400 shares	3,88,800 shares
RII	18,81,600 shares	9,07,200 shares
Employee	1,28,000 shares
Others
Total	55,04,000 shares	25,90,800 shares

Bids Received (Subscription)

Esprit Stones IPO subscribed 185.82x in total, whereas Trom Industries IPO subscribed 459.00x.

	Esprit Stones IPO	Trom Industries IPO
QIB (times)	117.63x	197.07x
NII (times)	399.58x	751.90x
Big NII (times)
Small NII (times)
RII (times)	145.75x	483.14x
Employee (times)
Other (times)
Total (times)	185.82x	459.00x

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