Pune E-Stock Broking IPO vs Purv Flexipack IPO

Comparison between Pune E-Stock Broking IPO and Purv Flexipack IPO.

IPO Details

Pune E-Stock Broking IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Purv Flexipack IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Pune E-Stock Broking IPO is up to ₹32.50 Cr whereas the issue size of the Purv Flexipack IPO is up to ₹37.74 Cr. The final issue price of Pune E-Stock Broking IPO is ₹83.00 per share and of Purv Flexipack IPO is ₹71.00 per share.

 Pune E-Stock Broking IPOPurv Flexipack IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹78.00 per share₹70.00 per share
Issue Price (Upper)₹83.00 per share₹71.00 per share
Issue Price (Final)₹83.00 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 Size39,15,200 shares53,15,200 shares
Fresh Issue Size (Amount)up to ₹32.50 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 Total39,15,200 shares53,15,200 shares
Issue Size Total (Amount)up to ₹32.50 Crup to ₹37.74 Cr

IPO Timetable

Pune E-Stock Broking IPO opens on Mar 07, 2024, while Purv Flexipack IPO opens on Feb 27, 2024. The closing date of Pune E-Stock Broking IPO and Purv Flexipack IPO is Mar 12, 2024, and Feb 29, 2024, respectively.

 Pune E-Stock Broking IPOPurv Flexipack IPO
Anchor Bid DateMar 06, 2024Feb 26, 2024
Issue OpenMar 07, 2024Feb 27, 2024
Issue CloseMar 12, 2024Feb 29, 2024
Basis Of Allotment (Tentative)Mar 13, 2024Mar 01, 2024
Initiation of Refunds (Tentative)Mar 14, 2024Mar 04, 2024
Credit of Share (Tentative)Mar 14, 2024Mar 04, 2024
Listing date (Tentative)Mar 15, 2024Mar 05, 2024
Anchor Lockin End date 1Apr 12, 2024Mar 31, 2024
Anchor Lockin End date 2Jun 11, 2024May 30, 2024

Financials & KPIs

Pune E-Stock Broking IPO P/E ratio is 9.5, as compared to Purv Flexipack IPO P/E ratio of 13.17.

 Pune E-Stock Broking IPOPurv Flexipack IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets222.25158.01163.14132.89
Total Income30.1141.0346.6634.75
Profit After Tax6.119.6510.126.50
NET Worth82.6076.5567.5558.07
Reserves and Surplus71.5569.1860.1850.70
Total Borrowing8.2618.5416.4011.95
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets283.16258.53181.47154.18
Total Income139.36341.08229.44137.80
Profit After Tax4.308.266.275.68
NET Worth81.5276.1967.9358.98
Reserves and Surplus67.4162.0753.8144.86
Total Borrowing150.14123.5183.4070.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)72.7592.17
Promoter Shareholding (Post-Issue)51.34
P/E Ratio9.513.17
Market Cap₹129.90 Cr.₹148.98 Cr.
ROE7.30%11.46%
ROCE8.25%18.50%
Debt/Equity1.62
EPS₹8.73₹5.39
RoNW7.39%10.84%

Shares Offered

In the Pune E-Stock Broking IPO Retail Individual Investors (RII) are offered 13,71,200 shares while in Purv Flexipack IPO retail investors are offered 13,71,200 shares. Qualified Institutional Buyers (QIB) are offered 7,82,400 shares in Pune E-Stock Broking IPO and 10,52,800 shares in Purv Flexipack IPO.

 Pune E-Stock Broking IPOPurv Flexipack IPO
Anchor Investor Reservation11,72,800 shares15,16,800 shares
Market Maker Reservation6,91,200 shares3,48,800 shares
QIB7,82,400 shares10,52,800 shares
NII5,88,800 shares8,44,800 shares
RII13,71,200 shares19,00,800 shares
Employee
Others
Total39,15,200 shares53,15,200 shares

Bids Received (Subscription)

Pune E-Stock Broking IPO subscribed 371.16x in total, whereas Purv Flexipack IPO subscribed 421.78x.

 Pune E-Stock Broking IPOPurv Flexipack IPO
QIB (times)123.02x157.32x
NII (times)775.99x690.72x
Big NII (times)
Small NII (times)
RII (times)338.92x448.73x
Employee (times)
Other (times)
Total (times)371.16x421.78x

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