Innovana Thinklabs IPO vs Lorenzini Apparels IPO

Comparison between Innovana Thinklabs IPO and Lorenzini Apparels IPO.

IPO Details

Innovana Thinklabs IPO is a SME Fixed Price IPO proposed to list at NSE SME while Lorenzini Apparels IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Innovana Thinklabs IPO is up to ₹7.28 Cr whereas the issue size of the Lorenzini Apparels IPO is up to ₹4.24 Cr. The final issue price of Innovana Thinklabs IPO is ₹70.00 per share and of Lorenzini Apparels IPO is ₹10.00 per share.

 Innovana Thinklabs IPOLorenzini Apparels IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹70.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares10000 shares
Fresh Issue Size10,40,000 shares42,40,000 shares
Fresh Issue Size (Amount)up to ₹7.28 Crup to ₹4.24 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total10,40,000 shares42,40,000 shares
Issue Size Total (Amount)up to ₹7.28 Crup to ₹4.24 Cr

IPO Timetable

Innovana Thinklabs IPO opens on Nov 29, 2017, while Lorenzini Apparels IPO opens on Jan 31, 2018. The closing date of Innovana Thinklabs IPO and Lorenzini Apparels IPO is Dec 04, 2017, and Feb 06, 2018, respectively.

Financials & KPIs

Innovana Thinklabs IPO P/E ratio is 25, as compared to Lorenzini Apparels IPO P/E ratio of .

 Innovana Thinklabs IPOLorenzini Apparels IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 201731 Mar 201731 Mar 2016
Assets15.326.312.19
Total Income5.3915.776.64
Profit After Tax0.280.970.59
NET Worth2.041.760.79
Reserves and Surplus1.841.560.59
Total Borrowing0.011.900.06
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201731 Mar 201731 Mar 201631 Mar 2015
Assets14.9313.955.135.57
Total Income6.6316.4512.1114.16
Profit After Tax0.280.15-0.030.06
NET Worth6.183.040.420.46
Reserves and Surplus0.520.760.410.45
Total Borrowing2.342.341.822.20
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.99%
Promoter Shareholding (Post-Issue)73.17%55.91%
P/E Ratio25
Market Cap₹28.70 Cr.₹10.14 Cr.

Shares Offered

In the Innovana Thinklabs IPO Retail Individual Investors (RII) are offered 5,20,000 shares while in Lorenzini Apparels IPO retail investors are offered 5,20,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Innovana Thinklabs IPO and 0 shares in Lorenzini Apparels IPO.

 Innovana Thinklabs IPOLorenzini Apparels IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation60,000 shares2,30,000 shares
QIB0 shares0 shares
NII5,20,000 shares21,20,000 shares
RII5,20,000 shares21,20,000 shares
Employee0 shares0 shares
Total10,40,000 shares42,40,000 shares

Bids Received (Subscription)

Innovana Thinklabs IPO subscribed 2.64x in total, whereas Lorenzini Apparels IPO subscribed 1.70x.

 Innovana Thinklabs IPOLorenzini Apparels IPO
NII (times)2.51x1.40x
RII (times)2.77x2.00x
Total (times)2.64x1.70x

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Innovana Thinklabs IPO Vs Lorenzini Apparels IPO