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Navoday Enterprises IPO vs Times Green Energy IPO

Comparison between Navoday Enterprises IPO and Times Green Energy IPO.

IPO Details

Navoday Enterprises IPO is a SME Fixed Price IPO proposed to list at BSE SME while Times Green Energy IPO is a SME Fixed Price proposed to list at BSE SME.

 Navoday Enterprises IPOTimes Green Energy IPO
LogoNavoday Enterprises IPO LogoTimes Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarSatellite Corporate Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNNM Securities Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Navoday Enterprises IPO is up to ₹4.37 Cr whereas the issue size of the Times Green Energy IPO is up to ₹3.81 Cr. The final issue price of Navoday Enterprises IPO is ₹20.00 per share and of Times Green Energy IPO is ₹61.00 per share.

 Navoday Enterprises IPOTimes Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹20.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares2000 shares
Fresh Issue Size21,84,000 shares6,24,000 shares
Fresh Issue Size (Amount)up to ₹4.37 Crup to ₹3.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total21,84,000 shares6,24,000 shares
Issue Size Total (Amount)up to ₹4.37 Crup to ₹3.81 Cr

IPO Timetable

Navoday Enterprises IPO opens on Jun 14, 2021, while Times Green Energy IPO opens on Jun 16, 2021. The closing date of Navoday Enterprises IPO and Times Green Energy IPO is Jun 17, 2021, and Jun 22, 2021, respectively.

 Navoday Enterprises IPOTimes Green Energy IPO
Anchor Bid Date
Issue OpenJun 14, 2021Jun 16, 2021
Issue CloseJun 17, 2021Jun 22, 2021
Basis Of Allotment (Tentative)Jun 21, 2021Jun 25, 2021
Initiation of Refunds (Tentative)Jun 22, 2021Jun 28, 2021
Credit of Share (Tentative)Jun 23, 2021Jun 29, 2021
Listing date (Tentative)Jun 25, 2021Jun 30, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Navoday Enterprises IPO P/E ratio is , as compared to Times Green Energy IPO P/E ratio of .

 Navoday Enterprises IPOTimes Green Energy IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 1,378.57 513.12 531.14
Total Revenue 4,827.24 1,651.70 2,311.96
Profit After Tax 112.77 35.07 55.67
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in lakhs)
30-June-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 452.64 371.95 242.08 392.00
Total Revenue 122.00 1,514.72 1,515.51 2,019.09
Profit After Tax 4.24 12.34 9.77 8.04
Promoter Shareholding (Pre-Issue)99.9879.20
Promoter Shareholding (Post-Issue)40.2147.60
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Navoday Enterprises IPO Retail Individual Investors (RII) are offered 10,92,000 shares while in Times Green Energy IPO retail investors are offered 10,92,000 shares. Qualified Institutional Buyers (QIB) are offered in Navoday Enterprises IPO and in Times Green Energy IPO.

 Navoday Enterprises IPOTimes Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration1,20,000 shares40,000 shares
QIB
NII10,92,000 shares3,12,000 shares
RII10,92,000 shares3,12,000 shares
Employee
Others
Total21,84,000 shares6,24,000 shares

Bids Received (Subscription)

Navoday Enterprises IPO subscribed 2.36x in total, whereas Times Green Energy IPO subscribed 2.94x.

 Navoday Enterprises IPOTimes Green Energy IPO
QIB (times)
NII (times)0.29x0.83x
Big NII (times)
Small NII (times)
RII (times)4.44x5.05x
Employee (times)
Other (times)
Total (times)2.36x2.94x