Comparison between Electro Force IPO and Presstonic Engineering IPO.
Electro Force IPO is a SME Fixed Price IPO proposed to list at NSE SME while Presstonic Engineering IPO is a SME Fixed Price proposed to list at NSE SME.
| Electro Force IPO | Presstonic Engineering IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | First Overseas Capital Ltd. | Finshore Management Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Arham Shares Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Presstonic Engineering IPO is up to ₹22.13 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Presstonic Engineering IPO is ₹72.00 per share.
| Electro Force IPO | Presstonic Engineering IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹93.00 per share | ₹72.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1600 shares |
| Fresh Issue Size | 55,64,400 shares | 30,73,600 shares |
| Fresh Issue Size (Amount) | up to ₹51.75 Cr | up to ₹22.13 Cr |
| OFS Issue Size | 26,74,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹24.88 Cr | up to ₹0.00 Cr |
| Issue Size Total | 82,39,200 shares | 30,73,600 shares |
| Issue Size Total (Amount) | up to ₹76.62 Cr | up to ₹22.13 Cr |
Electro Force IPO opens on Dec 19, 2023, while Presstonic Engineering IPO opens on Dec 11, 2023. The closing date of Electro Force IPO and Presstonic Engineering IPO is Dec 21, 2023, and Dec 13, 2023, respectively.
| Electro Force IPO | Presstonic Engineering IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 19, 2023 | Dec 11, 2023 |
| Issue Close | Dec 21, 2023 | Dec 13, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 14, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 15, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 15, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 18, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Electro Force IPO P/E ratio is 20.22, as compared to Presstonic Engineering IPO P/E ratio of 6.28.
| Electro Force IPO | Presstonic Engineering IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Electro Force (India) Limited Financial Information (Restated)Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| Presstonic Engineering Limited Financial Information (Restated)Presstonic Engineering Limited's revenue increased by 66.11% and profit after tax (PAT) rose by 1721.76% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 99.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.93 | 57.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.22 | 6.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹217.62 Cr. | ₹55.49 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.57% | 115% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 58.23% | 87% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.60 | ₹5.73 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.57% | 51.92% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Presstonic Engineering IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and in Presstonic Engineering IPO.
| Electro Force IPO | Presstonic Engineering IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 4,35,600 shares | 1,63,200 shares |
| QIB | ||
| NII | 41,19,600 shares | 15,36,000 shares |
| RII | 41,19,600 shares | 15,37,600 shares |
| Employee | ||
| Others | ||
| Total | 82,39,200 shares | 30,73,600 shares |
Electro Force IPO subscribed 4.28x in total, whereas Presstonic Engineering IPO subscribed 168.25x.
| Electro Force IPO | Presstonic Engineering IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.12x | 133.56x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 6.44x | 188.94x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.28x | 168.25x |
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