Pratham EPC Projects IPO vs Signoria Creation IPO

Comparison between Pratham EPC Projects IPO and Signoria Creation IPO.

IPO Details

Pratham EPC Projects IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Signoria Creation IPO is a SME Bookbuilding proposed to list at NSE SME.

	Pratham EPC Projects IPO	Signoria Creation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Holani Consultants Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Holani Consultants Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pratham EPC Projects IPO is up to ₹34.20 Cr whereas the issue size of the Signoria Creation IPO is up to ₹8.81 Cr. The final issue price of Pratham EPC Projects IPO is ₹75.00 per share and of Signoria Creation IPO is ₹65.00 per share.

	Pratham EPC Projects IPO	Signoria Creation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹61.00 per share
Issue Price (Upper)	₹75.00 per share	₹65.00 per share
Issue Price (Final)	₹75.00 per share	₹65.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	45,60,000 shares	13,56,000 shares
Fresh Issue Size (Amount)	up to ₹34.20 Cr	up to ₹8.81 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	45,60,000 shares	13,56,000 shares
Issue Size Total (Amount)	up to ₹34.20 Cr	up to ₹8.81 Cr

IPO Timetable

Pratham EPC Projects IPO opens on Mar 11, 2024, while Signoria Creation IPO opens on Mar 12, 2024. The closing date of Pratham EPC Projects IPO and Signoria Creation IPO is Mar 13, 2024, and Mar 14, 2024, respectively.

	Pratham EPC Projects IPO	Signoria Creation IPO
Anchor Bid Date	Mar 07, 2024	Mar 11, 2024
Issue Open	Mar 11, 2024	Mar 12, 2024
Issue Close	Mar 13, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 14, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 15, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 15, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 18, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 13, 2024	Apr 14, 2024
Anchor Lockin End date 2	Jun 12, 2024	Jun 13, 2024

Financials & KPIs

Pratham EPC Projects IPO P/E ratio is 12.72, as compared to Signoria Creation IPO P/E ratio of 9.37.

Pratham EPC Projects IPO

Signoria Creation IPO

Financials

Pratham EPC Projects Limited Financial Information (Restated Standalone)

Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,643.75	4,849.75	2,850.17	2,041.93
Total Income	3,581.37	5,167.29	5,062.66	3,085.03
Profit After Tax	523.41	764.12	441.32	112.85
Net Worth	2,321.26	1,797.86	1,033.73	592.41
Reserves and Surplus	1,025.26	1,716.86	952.73	511.41
Total Borrowing	952.27	1,418.83	246.26	199.48
Amount in ₹ Lakhs

Signoria Creation Limited Financial Information (Restated Standalone)

Signoria Creation Limited's revenue increased by 62.13% and profit after tax (PAT) rose by 242.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,614.56	2,334.92	950.76	597.88
Total Income	652.92	1,915.81	1,181.64	588.98
Profit After Tax	64.52	231.05	67.53	32.60
Net Worth	647.75	583.23	150.88	83.35
Reserves and Surplus	536.75	472.23	100.88	33.35
Total Borrowing	1,263.93	1,050.26	376.84	223.15
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

72.97

P/E Ratio

12.72

9.37

Market Cap

₹133.20 Cr.

₹30.93 Cr.

ROE

45.10

10.48%

ROCE

24.81

7.38%

Debt/Equity

EPS

₹5.90

₹6.94

RoNW

22.55

9.96%

Shares Offered

In the Pratham EPC Projects IPO Retail Individual Investors (RII) are offered 15,96,800 shares while in Signoria Creation IPO retail investors are offered 15,96,800 shares. Qualified Institutional Buyers (QIB) are offered 9,12,000 shares in Pratham EPC Projects IPO and 2,16,000 shares in Signoria Creation IPO.

	Pratham EPC Projects IPO	Signoria Creation IPO
Anchor Investor Reserveration	13,66,400 shares	3,20,000 shares
Market Maker Reserveration	2,40,000 shares	72,000 shares
QIB	9,12,000 shares	2,16,000 shares
NII	6,84,800 shares	2,50,000 shares
RII	15,96,800 shares	5,30,000 shares
Employee		40,000 shares
Others
Total	45,60,000 shares	13,56,000 shares

Bids Received (Subscription)

Pratham EPC Projects IPO subscribed 178.54x in total, whereas Signoria Creation IPO subscribed 666.32x.

	Pratham EPC Projects IPO	Signoria Creation IPO
QIB (times)	70.28x	107.56x
NII (times)	320.53x	1,290.56x
Big NII (times)
Small NII (times)
RII (times)	179.48x	649.88x
Employee (times)
Other (times)
Total (times)	178.54x	666.32x

Compare with others

Pratham EPC Projects IPO	Signoria Creation IPO
Enfuse Solutions IPO	Enser Communications IPO
KP Green Engineering IPO	Enfuse Solutions IPO
Royal Sense IPO	KP Green Engineering IPO
AVP Infracon IPO	Royal Sense IPO
Signoria Creation IPO	AVP Infracon IPO
Koura Fine Diamond Jewelry IPO	Pratham EPC Projects IPO
Shree Karni Fabcom IPO	Koura Fine Diamond Jewelry IPO
V R Infraspace IPO	Shree Karni Fabcom IPO
Sona Machinery IPO	V R Infraspace IPO
Pune E-Stock Broking IPO	Sona Machinery IPO