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Esconet Technologies IPO vs Purv Flexipack IPO

Comparison between Esconet Technologies IPO and Purv Flexipack IPO.

IPO Details

Esconet Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Purv Flexipack IPO is a SME Bookbuilding proposed to list at NSE SME.

 Esconet Technologies IPOPurv Flexipack IPO
LogoEsconet Technologies IPO LogoPurv Flexipack IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Holani Consultants Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Holani Consultants Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Esconet Technologies IPO is up to ₹26.75 Cr whereas the issue size of the Purv Flexipack IPO is up to ₹37.74 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Purv Flexipack IPO is ₹71.00 per share.

 Esconet Technologies IPOPurv Flexipack IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share₹70.00 per share
Issue Price (Upper)₹84.00 per share₹71.00 per share
Issue Price (Final)₹84.00 per share₹71.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1600 shares
Fresh Issue Size31,84,000 shares53,15,200 shares
Fresh Issue Size (Amount)up to ₹26.75 Crup to ₹37.74 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,84,000 shares53,15,200 shares
Issue Size Total (Amount)up to ₹26.75 Crup to ₹37.74 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Purv Flexipack IPO opens on Feb 27, 2024. The closing date of Esconet Technologies IPO and Purv Flexipack IPO is Feb 20, 2024, and Feb 29, 2024, respectively.

 Esconet Technologies IPOPurv Flexipack IPO
Anchor Bid DateFeb 15, 2024Feb 26, 2024
Issue OpenFeb 16, 2024Feb 27, 2024
Issue CloseFeb 20, 2024Feb 29, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Mar 01, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Mar 04, 2024
Credit of Share (Tentative)Feb 22, 2024Mar 04, 2024
Listing date (Tentative)Feb 23, 2024Mar 05, 2024
Anchor Lockin End date 1Mar 22, 2024Mar 31, 2024
Anchor Lockin End date 2May 21, 2024May 30, 2024

Financials & KPIs

Esconet Technologies IPO P/E ratio is 24.87, as compared to Purv Flexipack IPO P/E ratio of 13.17.

 Esconet Technologies IPOPurv Flexipack IPO
Financials

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets4,260.462,798.37
Total Income7,146.719,690.84
Profit After Tax305.47304.00
Net Worth902.97554.47
Reserves and Surplus825.19477.48
Total Borrowing1,008.951,103.89
Amount in ₹ Lakhs

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets28,315.6425,852.8318,146.7315,417.62
Total Income13,935.7934,107.8322,943.8113,780.26
Profit After Tax430.13826.13626.73567.50
Net Worth8,152.427,619.226,793.095,898.36
Reserves and Surplus6,740.546,207.345,381.214,486.48
Total Borrowing15,013.9612,350.988,340.107,077.77
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)89.1892.17
Promoter Shareholding (Post-Issue)64.94
P/E Ratio24.8713.17
Market Cap₹103.82 Cr.₹148.98 Cr.
ROE75.54%11.46%
ROCE59.11%18.50%
Debt/Equity1.991.62
EPS₹39.63₹5.39
RoNW54.83%10.84%

Shares Offered

In the Esconet Technologies IPO Retail Individual Investors (RII) are offered 11,15,200 shares while in Purv Flexipack IPO retail investors are offered 11,15,200 shares. Qualified Institutional Buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 10,52,800 shares in Purv Flexipack IPO.

 Esconet Technologies IPOPurv Flexipack IPO
Anchor Investor Reserveration9,53,600 shares15,16,800 shares
Market Maker Reserveration1,76,000 shares3,48,800 shares
QIB6,36,800 shares10,52,800 shares
NII4,78,400 shares8,44,800 shares
RII11,15,200 shares19,00,800 shares
Employee
Others
Total31,84,000 shares53,15,200 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Purv Flexipack IPO subscribed 421.78x.

 Esconet Technologies IPOPurv Flexipack IPO
QIB (times)156.02x157.32x
NII (times)868.05x690.72x
Big NII (times)
Small NII (times)
RII (times)553.02x448.73x
Employee (times)
Other (times)
Total (times)507.24x421.78x