Comparison between Electro Force IPO and Indifra IPO.
Electro Force IPO is a SME Fixed Price IPO proposed to list at NSE SME while Indifra IPO is a SME Fixed Price proposed to list at NSE SME.
| Electro Force IPO | Indifra IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | First Overseas Capital Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Arham Shares Pvt.Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Indifra IPO is up to ₹13.34 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Indifra IPO is ₹65.00 per share.
| Electro Force IPO | Indifra IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹93.00 per share | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 55,64,400 shares | 20,52,000 shares |
| Fresh Issue Size (Amount) | up to ₹51.75 Cr | up to ₹13.34 Cr |
| OFS Issue Size | 26,74,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹24.88 Cr | up to ₹0.00 Cr |
| Issue Size Total | 82,39,200 shares | 20,52,000 shares |
| Issue Size Total (Amount) | up to ₹76.62 Cr | up to ₹13.34 Cr |
Electro Force IPO opens on Dec 19, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of Electro Force IPO and Indifra IPO is Dec 21, 2023, and Dec 26, 2023, respectively.
| Electro Force IPO | Indifra IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 19, 2023 | Dec 21, 2023 |
| Issue Close | Dec 21, 2023 | Dec 26, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 27, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 28, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 28, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 29, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Electro Force IPO P/E ratio is 20.22, as compared to Indifra IPO P/E ratio of 11.23.
| Electro Force IPO | Indifra IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Electro Force (India) Limited Financial Information (Restated)Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| Indifra Limited Financial Information (Restated)Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.93 | 67.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.22 | 11.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹217.62 Cr. | ₹47.39 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.57% | 82.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 58.23% | 86.21% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.60 | ₹5.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.57% | 82.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Indifra IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and in Indifra IPO.
| Electro Force IPO | Indifra IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 4,35,600 shares | 1,08,000 shares |
| QIB | ||
| NII | 41,19,600 shares | 10,26,000 shares |
| RII | 41,19,600 shares | 10,26,000 shares |
| Employee | ||
| Others | ||
| Total | 82,39,200 shares | 20,52,000 shares |
Electro Force IPO subscribed 4.28x in total, whereas Indifra IPO subscribed 7.21x.
| Electro Force IPO | Indifra IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.12x | 2.34x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 6.44x | 12.07x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.28x | 7.21x |
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