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Promax Power IPO vs Samor Reality IPO

Comparison between Promax Power IPO and Samor Reality IPO.

IPO Details

Promax Power IPO is a SME Fixed Price IPO proposed to list at BSE SME while Samor Reality IPO is a SME Fixed Price proposed to list at BSE SME.

 Promax Power IPOSamor Reality IPO
LogoPromax Power IPO LogoSamor Reality IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersFinshore Management Services Ltd.Beeline Broking Ltd.
RegistrarCameo Corporate Services Ltd.Kfin Technologies Ltd.
Market MakerNikunj Stock Brokers Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Promax Power IPO is up to ₹1.52 Cr whereas the issue size of the Samor Reality IPO is up to ₹7.64 Cr. The final issue price of Promax Power IPO is ₹10.00 per share and of Samor Reality IPO is ₹62.00 per share.

 Promax Power IPOSamor Reality IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹10.00 per share₹62.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size10000 shares2000 shares
Fresh Issue Size15,20,000 shares12,32,000 shares
Fresh Issue Size (Amount)up to ₹1.52 Crup to ₹7.64 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total15,20,000 shares12,32,000 shares
Issue Size Total (Amount)up to ₹1.52 Crup to ₹7.64 Cr

IPO Timetable

Promax Power IPO opens on Sep 30, 2021, while Samor Reality IPO opens on Sep 30, 2021. The closing date of Promax Power IPO and Samor Reality IPO is Oct 04, 2021, and Oct 05, 2021, respectively.

 Promax Power IPOSamor Reality IPO
Anchor Bid Date
Issue OpenSep 30, 2021Sep 30, 2021
Issue CloseOct 04, 2021Oct 05, 2021
Basis Of Allotment (Tentative)Oct 07, 2021
Initiation of Refunds (Tentative)Oct 08, 2021
Credit of Share (Tentative)Oct 11, 2021
Listing date (Tentative)Oct 12, 2021Oct 13, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Promax Power IPO P/E ratio is , as compared to Samor Reality IPO P/E ratio of .

 Promax Power IPOSamor Reality IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 204.30 206.64 0.14
Total Revenue 368.89 77.63 NA
Profit After Tax 1.7839 3.1147 (0.0001)
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 35.58 3.63 16.76
Total Revenue 96.44 10.73 83.30
Profit After Tax 1.04 (0.87) 1.11
Promoter Shareholding (Pre-Issue)99.9976.50
Promoter Shareholding (Post-Issue)73.3353.37
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Promax Power IPO Retail Individual Investors (RII) are offered 7,60,000 shares while in Samor Reality IPO retail investors are offered 7,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Promax Power IPO and in Samor Reality IPO.

 Promax Power IPOSamor Reality IPO
Anchor Investor Reserveration
Market Maker Reserveration80,000 shares68,000 shares
QIB
NII7,60,000 shares6,16,000 shares
RII7,60,000 shares6,16,000 shares
Employee
Others
Total15,20,000 shares12,32,000 shares

Bids Received (Subscription)

Promax Power IPO subscribed 6.89x in total, whereas Samor Reality IPO subscribed 1.74x.

 Promax Power IPOSamor Reality IPO
QIB (times)
NII (times)2.39x2.55x
Big NII (times)
Small NII (times)
RII (times)11.38x0.94x
Employee (times)
Other (times)
Total (times)6.89x1.74x