Comparison between Enfuse Solutions IPO and Royal Sense IPO.
Enfuse Solutions IPO is a SME Fixed Price IPO proposed to list at NSE SME while Royal Sense IPO is a SME Fixed Price proposed to list at BSE SME.
| Enfuse Solutions IPO | Royal Sense IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Expert Global Consultants Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Enfuse Solutions IPO is up to ₹21.29 Cr whereas the issue size of the Royal Sense IPO is up to ₹8.77 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Royal Sense IPO is ₹68.00 per share.
| Enfuse Solutions IPO | Royal Sense IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹91.00 per share | |
| Issue Price (Upper) | ₹96.00 per share | |
| Issue Price (Final) | ₹96.00 per share | ₹68.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 22,17,600 shares | 12,90,000 shares |
| Fresh Issue Size (Amount) | up to ₹21.29 Cr | up to ₹8.77 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 22,17,600 shares | 12,90,000 shares |
| Issue Size Total (Amount) | up to ₹21.29 Cr | up to ₹8.77 Cr |
Enfuse Solutions IPO opens on Mar 15, 2024, while Royal Sense IPO opens on Mar 12, 2024. The closing date of Enfuse Solutions IPO and Royal Sense IPO is Mar 19, 2024, and Mar 14, 2024, respectively.
| Enfuse Solutions IPO | Royal Sense IPO | |
|---|---|---|
| Anchor Bid Date | Mar 14, 2024 | |
| Issue Open | Mar 15, 2024 | Mar 12, 2024 |
| Issue Close | Mar 19, 2024 | Mar 14, 2024 |
| Basis Of Allotment (Tentative) | Mar 20, 2024 | Mar 15, 2024 |
| Initiation of Refunds (Tentative) | Mar 21, 2024 | Mar 18, 2024 |
| Credit of Share (Tentative) | Mar 21, 2024 | Mar 18, 2024 |
| Listing date (Tentative) | Mar 22, 2024 | Mar 19, 2024 |
| Anchor Lockin End date 1 | Apr 19, 2024 | |
| Anchor Lockin End date 2 | Jun 18, 2024 |
Enfuse Solutions IPO P/E ratio is 21.35, as compared to Royal Sense IPO P/E ratio of 33.33.
| Enfuse Solutions IPO | Royal Sense IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Enfuse Solutions Limited Financial Information (Restated)Enfuse Solutions Limited's revenue increased by 2.1% and profit after tax (PAT) rose by 47.76% between the financial year ending with March 31, 2023 and March 31, 2022.
| Royal Sense Limited Financial Information (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.58 | 67.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.35 | 33.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹84.94 Cr. | ₹33.32 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 39.88% | 17.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.05% | 23.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.50 | ₹2.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.25% | 17.00% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Enfuse Solutions IPO Retail Individual Investors (RII) are offered 7,76,400 shares while in Royal Sense IPO retail investors are offered 7,76,400 shares. Qualified Institutional Buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and in Royal Sense IPO.
| Enfuse Solutions IPO | Royal Sense IPO | |
|---|---|---|
| Anchor Investor Reserveration | 6,63,600 shares | |
| Market Maker Reserveration | 1,20,000 shares | 1,60,000 shares |
| QIB | 4,44,000 shares | |
| NII | 3,33,600 shares | 6,44,000 shares |
| RII | 7,76,400 shares | 6,46,000 shares |
| Employee | ||
| Others | ||
| Total | 22,17,600 shares | 12,90,000 shares |
Enfuse Solutions IPO subscribed 357.31x in total, whereas Royal Sense IPO subscribed 8.52x.
| Enfuse Solutions IPO | Royal Sense IPO | |
|---|---|---|
| QIB (times) | 99.97x | |
| NII (times) | 953.22x | 9.72x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 248.42x | 7.32x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 357.31x | 8.52x |
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