Infollion Research IPO vs Proventus Agrocom IPO

Comparison between Infollion Research IPO and Proventus Agrocom IPO.

IPO Details

Infollion Research IPO is a SME Fixed Price IPO proposed to list at NSE SME while Proventus Agrocom IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Infollion Research IPO is up to ₹20.36 Cr whereas the issue size of the Proventus Agrocom IPO is up to ₹66.06 Cr. The final issue price of Infollion Research IPO is ₹82.00 per share and of Proventus Agrocom IPO is ₹771.00 per share.

 Infollion Research IPOProventus Agrocom IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹82.00 per share
Issue Price (Final)₹82.00 per share₹771.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares160 shares
Fresh Issue Size20,91,200 shares6,26,653 shares
Fresh Issue Size (Amount)up to ₹17.15 Crup to ₹48.31 Cr
OFS Issue Size3,92,000 shares2,30,147 shares
OFS Issue Size (Amount)up to ₹3.21 Crup to ₹17.74 Cr
Issue Size Total24,83,200 shares8,56,800 shares
Issue Size Total (Amount)up to ₹20.36 Crup to ₹66.06 Cr

IPO Timetable

Infollion Research IPO opens on May 29, 2023, while Proventus Agrocom IPO opens on May 24, 2023. The closing date of Infollion Research IPO and Proventus Agrocom IPO is May 31, 2023, and May 26, 2023, respectively.

 Infollion Research IPOProventus Agrocom IPO
Anchor Bid DateMay 26, 2023
Issue OpenMay 29, 2023May 24, 2023
Issue CloseMay 31, 2023May 26, 2023
Basis Of Allotment (Tentative)Jun 05, 2023May 31, 2023
Initiation of Refunds (Tentative)Jun 06, 2023Jun 01, 2023
Credit of Share (Tentative)Jun 07, 2023Jun 02, 2023
Listing date (Tentative)Jun 08, 2023Jun 05, 2023
Anchor Lockin End date 1Jul 05, 2023
Anchor Lockin End date 2Sep 03, 2023

Financials & KPIs

Infollion Research IPO P/E ratio is 14.24, as compared to Proventus Agrocom IPO P/E ratio of 186.23.

 Infollion Research IPOProventus Agrocom IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets18.0111.818.49
Total Income35.3022.2016.06
Profit After Tax5.583.412.08
NET Worth16.0110.437.02
Reserves and Surplus8.5410.427.01
Total Borrowing0.000.000.00
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)67.0992.29
Promoter Shareholding (Post-Issue)70.84
P/E Ratio14.24186.23
Market Cap₹79.47 Cr.₹264.27 Cr.
ROE42.202
ROCE4
Debt/Equity0.56
EPS₹4.14
RoNW1.91

Shares Offered

In the Infollion Research IPO Retail Individual Investors (RII) are offered 8,70,400 shares while in Proventus Agrocom IPO retail investors are offered 8,70,400 shares. Qualified Institutional Buyers (QIB) are offered 4,83,200 shares in Infollion Research IPO and in Proventus Agrocom IPO.

 Infollion Research IPOProventus Agrocom IPO
Anchor Investor Reservation7,24,800 shares
Market Maker Reservation1,32,800 shares45,120 shares
QIB4,83,200 shares
NII4,04,800 shares4,28,450 shares
RII8,70,400 shares4,28,450 shares
Employee
Others
Total24,83,200 shares8,56,900 shares

Bids Received (Subscription)

Infollion Research IPO subscribed 279.24x in total, whereas Proventus Agrocom IPO subscribed 2.70x.

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