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Comrade Appliances IPO vs Proventus Agrocom IPO

Comparison between Comrade Appliances IPO and Proventus Agrocom IPO.

IPO Details

Comrade Appliances IPO is a SME Fixed Price IPO proposed to list at BSE SME while Proventus Agrocom IPO is a SME Fixed Price proposed to list at NSE SME.

 Comrade Appliances IPOProventus Agrocom IPO
LogoComrade Appliances IPO LogoProventus Agrocom IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMENSE SME
Lead ManagersGretex Corporate Services Ltd.Sundae Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGretex Share Broking Pvt.Ltd.Ajcon Global Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Comrade Appliances IPO is up to ₹11.69 Cr whereas the issue size of the Proventus Agrocom IPO is up to ₹66.06 Cr. The final issue price of Comrade Appliances IPO is ₹54.00 per share and of Proventus Agrocom IPO is ₹771.00 per share.

 Comrade Appliances IPOProventus Agrocom IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹54.00 per share₹771.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares160 shares
Fresh Issue Size21,64,000 shares6,26,653 shares
Fresh Issue Size (Amount)up to ₹11.69 Crup to ₹48.31 Cr
OFS Issue Size0 shares2,30,147 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹17.74 Cr
Issue Size Total21,64,000 shares8,56,800 shares
Issue Size Total (Amount)up to ₹11.69 Crup to ₹66.06 Cr

IPO Timetable

Comrade Appliances IPO opens on May 31, 2023, while Proventus Agrocom IPO opens on May 24, 2023. The closing date of Comrade Appliances IPO and Proventus Agrocom IPO is Jun 05, 2023, and May 26, 2023, respectively.

 Comrade Appliances IPOProventus Agrocom IPO
Anchor Bid DateMay 30, 2023
Issue OpenMay 31, 2023May 24, 2023
Issue CloseJun 05, 2023May 26, 2023
Basis Of Allotment (Tentative)Jun 08, 2023May 31, 2023
Initiation of Refunds (Tentative)Jun 09, 2023Jun 01, 2023
Credit of Share (Tentative)Jun 12, 2023Jun 02, 2023
Listing date (Tentative)Jun 13, 2023Jun 05, 2023
Anchor Lockin End date 1Jul 08, 2023
Anchor Lockin End date 2Sep 06, 2023

Financials & KPIs

Comrade Appliances IPO P/E ratio is 17.14, as compared to Proventus Agrocom IPO P/E ratio of 186.23.

 Comrade Appliances IPOProventus Agrocom IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets27.5325.2731.4116.79
Total Income26.9929.7326.0421.62
Profit After Tax1.640.390.200.42
NET Worth6.895.022.422.93
Reserves and Surplus1.64-0.15-0.91-0.39
Total Borrowing17.6611.1414.124.01
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets97.35101.3188.4389.37
Total Income319.10404.35301.74900.89
Profit After Tax1.901.141.88-21.90
NET Worth61.6759.6758.4556.64
Reserves and Surplus52.3550.3449.1247.31
Total Borrowing30.6134.4429.4117.29
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%92.29%
Promoter Shareholding (Post-Issue)69.74%70.84%
P/E Ratio17.14186.23
Market Cap₹40.66 Cr.₹264.27 Cr.
ROE0.272
ROCE0.164
Debt/Equity1.960.56
EPS₹3.15₹4.14
RoNW23.731.91

Shares Offered

In the Comrade Appliances IPO Retail Individual Investors (RII) are offered 7,58,000 shares while in Proventus Agrocom IPO retail investors are offered 7,58,000 shares. Qualified Institutional Buyers (QIB) are offered 4,32,000 shares in Comrade Appliances IPO and 0 shares in Proventus Agrocom IPO.

 Comrade Appliances IPOProventus Agrocom IPO
Anchor Investor Reservation6,48,000 shares0 shares
Market Maker Reservation1,14,000 shares45,120 shares
QIB4,32,000 shares0 shares
NII3,26,000 shares4,28,450 shares
RII7,58,000 shares4,28,450 shares
Employee0 shares
Total21,64,000 shares8,56,900 shares

Bids Received (Subscription)

Comrade Appliances IPO subscribed 54.12x in total, whereas Proventus Agrocom IPO subscribed 2.70x.

 Comrade Appliances IPOProventus Agrocom IPO
QIB (times)21.86x
NII (times)162.67x4.65x
RII (times)72.08x0.74x
Total (times)54.12x2.70x

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Compare:

Comrade Appliances IPO Vs Proventus Agrocom IPO