Comrade Appliances IPO vs Hemant Surgical Industries IPO

Comparison between Comrade Appliances IPO and Hemant Surgical Industries IPO.

IPO Details

Comrade Appliances IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Hemant Surgical Industries IPO is a SME Bookbuilding proposed to list at BSE SME.

	Comrade Appliances IPO	Hemant Surgical Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Gretex Corporate Services Ltd.	Hem Securities Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Gretex Share Broking Pvt.Ltd.	Hem Finlease 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 Comrade Appliances IPO is up to ₹11.69 Cr whereas the issue size of the Hemant Surgical Industries IPO is up to ₹23.54 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Hemant Surgical Industries IPO is ₹90.00 per share.

	Comrade Appliances IPO	Hemant Surgical Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share	₹85.00 per share
Issue Price (Upper)	₹54.00 per share	₹90.00 per share
Issue Price (Final)	₹54.00 per share	₹90.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	21,64,000 shares	26,16,000 shares
Fresh Issue Size (Amount)	up to ₹11.69 Cr	up to ₹23.54 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	21,64,000 shares	26,16,000 shares
Issue Size Total (Amount)	up to ₹11.69 Cr	up to ₹23.54 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Hemant Surgical Industries IPO opens on May 24, 2023. The closing date of Comrade Appliances IPO and Hemant Surgical Industries IPO is Jun 05, 2023, and May 26, 2023, respectively.

	Comrade Appliances IPO	Hemant Surgical Industries IPO
Anchor Bid Date	May 30, 2023	May 23, 2023
Issue Open	May 31, 2023	May 24, 2023
Issue Close	Jun 05, 2023	May 26, 2023
Basis Of Allotment (Tentative)	Jun 08, 2023	May 31, 2023
Initiation of Refunds (Tentative)	Jun 09, 2023	Jun 01, 2023
Credit of Share (Tentative)	Jun 12, 2023	Jun 02, 2023
Listing date (Tentative)	Jun 13, 2023	Jun 05, 2023
Anchor Lockin End date 1	Jul 08, 2023	Jun 30, 2023
Anchor Lockin End date 2	Sep 06, 2023	Aug 29, 2023

Financials & KPIs

Comrade Appliances IPO P/E ratio is 17.14, as compared to Hemant Surgical Industries IPO P/E ratio of 12.28.

Comrade Appliances IPO

Hemant Surgical Industries IPO

Financials

Comrade Appliances Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,678.98	2,162.29	41.80	293.40	-38.97	400.93
31-Mar-21	3,140.65	2,603.85	20.21	241.77	-90.60	1,412.38
31-Mar-22	2,527.31	2,973.28	38.75	502.43	-14.87	1,113.79
31-Mar-23	2,753.18	2,699.43	163.57	689.41	164.33	1,766.48
Amount in ₹ Lakhs

Hemant Surgical Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	4,289.84	6,065.19	114.53	836.61	653.38	1,446.35
31-Mar-22	5,437.59	10,577.02	461.40	1,298.01	1,114.78	973.80
31-Mar-23	6,490.79	11,149.68	765.11	2,359.90	1,591.90	711.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

69.74

73.56

P/E Ratio

17.14

12.28

Market Cap

₹40.66 Cr.

₹93.96 Cr.

ROE

0.27%

32.42%

ROCE

0.16%

37.98%

Debt/Equity

1.96

0.30

EPS

₹3.15

₹10.26

RoNW

23.73%

32.42%

Shares Offered

In the Comrade Appliances IPO Retail Individual Investors (RII) are offered 7,58,000 shares while in Hemant Surgical Industries IPO retail investors are offered 7,58,000 shares. Qualified Institutional Buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 5,23,200 shares in Hemant Surgical Industries IPO.

	Comrade Appliances IPO	Hemant Surgical Industries IPO
Anchor Investor Reserveration	6,48,000 shares	7,82,400 shares
Market Maker Reserveration	1,14,000 shares	1,44,000 shares
QIB	4,32,000 shares	5,23,200 shares
NII	3,26,000 shares	3,93,600 shares
RII	7,58,000 shares	9,16,800 shares
Employee
Others
Total	21,64,000 shares	26,16,000 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 77.25x in total, whereas Hemant Surgical Industries IPO subscribed 150.59x.

	Comrade Appliances IPO	Hemant Surgical Industries IPO
QIB (times)	21.86x	41.05x
NII (times)	162.67x	277.26x
Big NII (times)
Small NII (times)
RII (times)	72.08x	158.73x
Employee (times)
Other (times)
Total (times)	77.25x	150.59x

Compare with others

Comrade Appliances IPO	Hemant Surgical Industries IPO
Cosmic CRF IPO	Sahana System IPO
Sonalis Consumer Products IPO	CFF Fluid Control IPO
Kore Digital IPO	Comrade Appliances IPO
Sahana System IPO	Infollion Research IPO
CFF Fluid Control IPO	Proventus Agrocom IPO
Infollion Research IPO	Vasa Denticity IPO
Proventus Agrocom IPO	Spectrum Talent Management IPO
Hemant Surgical Industries IPO	Crayons Advertising IPO
Vasa Denticity IPO	Remus Pharmaceuticals IPO
Spectrum Talent Management IPO	Auro Impex IPO