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Electro Force IPO vs Presstonic Engineering IPO

Comparison between Electro Force IPO and Presstonic Engineering IPO.

IPO Details

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 IPOPresstonic Engineering IPO
LogoElectro Force IPO LogoPresstonic Engineering IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerArham Shares Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOPresstonic Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹93.00 per share₹72.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1200 shares1600 shares
Fresh Issue Size55,64,400 shares30,73,600 shares
Fresh Issue Size (Amount)up to ₹51.75 Crup to ₹22.13 Cr
OFS Issue Size26,74,800 shares0 shares
OFS Issue Size (Amount)up to ₹24.88 Crup to ₹0.00 Cr
Issue Size Total82,39,200 shares30,73,600 shares
Issue Size Total (Amount)up to ₹76.62 Crup to ₹22.13 Cr

IPO Timetable

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 IPOPresstonic Engineering IPO
Issue OpenDec 19, 2023Dec 11, 2023
Issue CloseDec 21, 2023Dec 13, 2023
Basis Of Allotment (Tentative)Dec 22, 2023Dec 14, 2023
Initiation of Refunds (Tentative)Dec 26, 2023Dec 15, 2023
Credit of Share (Tentative)Dec 26, 2023Dec 15, 2023
Listing date (Tentative)Dec 27, 2023Dec 18, 2023

Financials & KPIs

Electro Force IPO P/E ratio is 20.22, as compared to Presstonic Engineering IPO P/E ratio of 6.28.

 Electro Force IPOPresstonic Engineering IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets78.2772.3247.8317.20
Total Income23.1430.2934.4415.87
Profit After Tax7.118.008.64-2.24
NET Worth25.4618.3510.361.71
Reserves and Surplus8.060.955.36-3.29
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets28.5127.3824.9723.87
Total Income14.3221.1312.727.69
Profit After Tax1.522.560.14-0.17
NET Worth6.464.932.372.23
Reserves and Surplus1.992.700.14-0.00
Total Borrowing15.3716.4517.9717.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%100%
Promoter Shareholding (Post-Issue)62.93%58%
P/E Ratio20.226.28
Market Cap₹217.62 Cr.₹55.49 Cr.
ROE43.57115
ROCE58.2387
Debt/Equity0.98
EPS₹4.60₹5.73
RoNW43.5751.92

Shares Offered

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 0 shares in Electro Force IPO and in Presstonic Engineering IPO.

 Electro Force IPOPresstonic Engineering IPO
Anchor Investor Reservation0 shares
Market Maker Reservation4,35,600 shares1,63,200 shares
QIB0 shares
NII41,19,600 shares15,36,000 shares
RII41,19,600 shares15,37,600 shares
Employee0 shares
Total82,39,200 shares30,73,600 shares

Bids Received (Subscription)

Electro Force IPO subscribed 4.28x in total, whereas Presstonic Engineering IPO subscribed 161.24x.

 Electro Force IPOPresstonic Engineering IPO
NII (times)2.12x133.70x
RII (times)6.44x188.75x
Total (times)4.28x161.24x

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Compare:

Electro Force IPO Vs Presstonic Engineering IPO