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Innovatus Entertainment Networks IPO vs Zeal Global Services IPO

Comparison between Innovatus Entertainment Networks IPO and Zeal Global Services IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Fixed Price IPO proposed to list at BSE SME while Zeal Global Services IPO is a SME Fixed Price proposed to list at NSE SME.

 Innovatus Entertainment Networks IPOZeal Global Services IPO
LogoInnovatus Entertainment Networks IPO LogoZeal Global Services IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerPure Broking Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Innovatus Entertainment Networks IPO is up to ₹7.35 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹34.63 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

 Innovatus Entertainment Networks IPOZeal Global Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹50.00 per share₹103.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size14,70,000 shares33,62,400 shares
Fresh Issue Size (Amount)up to ₹7.35 Crup to ₹34.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,70,000 shares33,62,400 shares
Issue Size Total (Amount)up to ₹7.35 Crup to ₹34.63 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Innovatus Entertainment Networks IPO and Zeal Global Services IPO is Jul 27, 2023, and Aug 01, 2023, respectively.

 Innovatus Entertainment Networks IPOZeal Global Services IPO
Anchor Bid Date
Issue OpenJul 25, 2023Jul 28, 2023
Issue CloseJul 27, 2023Aug 01, 2023
Basis Of Allotment (Tentative)Aug 01, 2023Aug 04, 2023
Initiation of Refunds (Tentative)Aug 02, 2023Aug 07, 2023
Credit of Share (Tentative)Aug 03, 2023Aug 08, 2023
Listing date (Tentative)Aug 04, 2023Aug 09, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Zeal Global Services IPO P/E ratio of 13.83.

 Innovatus Entertainment Networks IPOZeal Global Services IPO
Financials
Innovatus Entertainment Networks Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20449.411,042.1229.44171.61170.610.00
31-Mar-21597.72784.0733.38205.00204.00152.34
31-Mar-22530.83787.9030.19235.1934.19152.34
31-Mar-23822.631,093.9348.26483.45242.45152.34
Amount in ₹ Lakhs
Zeal Global Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-202,203.037,671.09133.60435.76375.76258.00
31-Mar-211,893.076,094.93169.61603.09543.09171.41
31-Mar-223,194.8212,127.77524.301,277.221,081.82194.32
31-Jan-234,969.269,505.38826.652,115.611,920.211,243.92
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.97100.00
Promoter Shareholding (Post-Issue)60.8773.40
P/E Ratio4113.83
Market Cap₹19.79 Cr.₹137.09 Cr.
ROE9.98%39.07%
ROCE11.32%0.56
Debt/Equity0.320.59
EPS₹2.00₹8.46
RoNW9.98%48.73%

Shares Offered

In the Innovatus Entertainment Networks IPO Retail Individual Investors (RII) are offered 7,35,000 shares while in Zeal Global Services IPO retail investors are offered 7,35,000 shares. Qualified Institutional Buyers (QIB) are offered in Innovatus Entertainment Networks IPO and in Zeal Global Services IPO.

 Innovatus Entertainment Networks IPOZeal Global Services IPO
Anchor Investor Reserveration
Market Maker Reserveration78,000 shares1,77,600 shares
QIB
NII7,35,000 shares16,80,000 shares
RII7,35,000 shares16,82,400 shares
Employee
Others
Total14,70,000 shares33,62,400 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Zeal Global Services IPO subscribed 4.06x.

 Innovatus Entertainment Networks IPOZeal Global Services IPO
QIB (times)
NII (times)56.58x4.26x
Big NII (times)
Small NII (times)
RII (times)150.50x3.85x
Employee (times)
Other (times)
Total (times)105.21x4.06x