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Innovatus Entertainment Networks IPO vs Oriana Power IPO

Comparison between Innovatus Entertainment Networks IPO and Oriana Power IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Oriana Power IPO is a SME Bookbuilding proposed to list at NSE SME.

 Innovatus Entertainment Networks IPOOriana Power IPO
LogoInnovatus Entertainment Networks IPO LogoOriana Power IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerPure Broking Pvt.Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Oriana Power IPO is up to ₹56.64 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Oriana Power IPO is ₹118.00 per share.

 Innovatus Entertainment Networks IPOOriana Power IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹115.00 per share
Issue Price (Upper)₹118.00 per share
Issue Price (Final)₹50.00 per share₹118.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1200 shares
Fresh Issue Size14,70,000 shares48,00,000 shares
Fresh Issue Size (Amount)up to ₹7.35 Crup to ₹56.64 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,70,000 shares48,00,000 shares
Issue Size Total (Amount)up to ₹7.35 Crup to ₹56.64 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Oriana Power IPO opens on Aug 01, 2023. The closing date of Innovatus Entertainment Networks IPO and Oriana Power IPO is Jul 27, 2023, and Aug 03, 2023, respectively.

 Innovatus Entertainment Networks IPOOriana Power IPO
Anchor Bid DateJul 31, 2023
Issue OpenJul 25, 2023Aug 01, 2023
Issue CloseJul 27, 2023Aug 03, 2023
Basis Of Allotment (Tentative)Aug 01, 2023Aug 08, 2023
Initiation of Refunds (Tentative)Aug 02, 2023Aug 09, 2023
Credit of Share (Tentative)Aug 03, 2023Aug 10, 2023
Listing date (Tentative)Aug 04, 2023Aug 11, 2023
Anchor Lockin End date 1Sep 07, 2023
Anchor Lockin End date 2Nov 06, 2023

Financials & KPIs

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Oriana Power IPO P/E ratio of 20.7.

 Innovatus Entertainment Networks IPOOriana Power 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
Oriana Power Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-212,964.833,376.98282.38771.29464.2975.23
31-Mar-225,572.6910,146.86695.531,775.821,159.82769.07
31-Mar-237,799.9913,395.371,268.523,621.842,950.841,489.19
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.9783.40
Promoter Shareholding (Post-Issue)60.8761.41
P/E Ratio4120.7
Market Cap₹19.79 Cr.₹226.36 Cr.
ROE9.98%1.97
ROCE11.32%46%
Debt/Equity0.320.41
EPS₹2.00₹20.85
RoNW9.98%35.36%

Shares Offered

In the Innovatus Entertainment Networks IPO Retail Individual Investors (RII) are offered 7,35,000 shares while in Oriana Power IPO retail investors are offered 7,35,000 shares. Qualified Institutional Buyers (QIB) are offered in Innovatus Entertainment Networks IPO and 9,60,000 shares in Oriana Power IPO.

 Innovatus Entertainment Networks IPOOriana Power IPO
Anchor Investor Reserveration14,40,000 shares
Market Maker Reserveration78,000 shares2,55,600 shares
QIB9,60,000 shares
NII7,35,000 shares7,20,000 shares
RII7,35,000 shares16,80,000 shares
Employee
Others
Total14,70,000 shares48,00,000 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Oriana Power IPO subscribed 176.58x.

 Innovatus Entertainment Networks IPOOriana Power IPO
QIB (times)72.16x
NII (times)56.58x251.74x
Big NII (times)
Small NII (times)
RII (times)150.50x204.04x
Employee (times)
Other (times)
Total (times)105.21x176.58x