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Enfuse Solutions IPO vs Royal Sense IPO

Comparison between Enfuse Solutions IPO and Royal Sense IPO.

IPO Details

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 IPORoyal Sense IPO
LogoEnfuse Solutions IPO LogoRoyal Sense IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Rikhav Securities 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 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 IPORoyal 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
Market Lot Size1200 shares2000 shares
Fresh Issue Size22,17,600 shares12,90,000 shares
Fresh Issue Size (Amount)up to ₹21.29 Crup to ₹8.77 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total22,17,600 shares12,90,000 shares
Issue Size Total (Amount)up to ₹21.29 Crup to ₹8.77 Cr

IPO Timetable

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 IPORoyal Sense IPO
Anchor Bid DateMar 14, 2024
Issue OpenMar 15, 2024Mar 12, 2024
Issue CloseMar 19, 2024Mar 14, 2024
Basis Of Allotment (Tentative)Mar 20, 2024Mar 15, 2024
Initiation of Refunds (Tentative)Mar 21, 2024Mar 18, 2024
Credit of Share (Tentative)Mar 21, 2024Mar 18, 2024
Listing date (Tentative)Mar 22, 2024Mar 19, 2024
Anchor Lockin End date 1Apr 19, 2024
Anchor Lockin End date 2Jun 18, 2024

Financials & KPIs

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Royal Sense IPO P/E ratio of 33.33.

 Enfuse Solutions IPORoyal Sense IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets25.4711.658.904.61
Total Income28.0526.1025.5717.20
Profit After Tax3.232.931.981.55
NET Worth9.706.463.541.56
Reserves and Surplus3.19
Total Borrowing9.062.422.34
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 2023
Assets5.70
Total Income8.04
Profit After Tax0.70
NET Worth4.15
Reserves and Surplus0.70
Total Borrowing0.28
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.99%
Promoter Shareholding (Post-Issue)73.58%67.15%
P/E Ratio21.3533.33
Market Cap₹84.94 Cr.₹33.32 Cr.
ROE39.8817.00
ROCE24.0523.00
EPS₹4.50₹2.04
RoNW33.2517.00

Shares Offered

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 IPORoyal Sense IPO
Anchor Investor Reservation6,63,600 shares
Market Maker Reservation1,20,000 shares1,60,000 shares
QIB4,44,000 shares
NII3,33,600 shares6,44,000 shares
RII7,76,400 shares6,46,000 shares
Total22,17,600 shares12,90,000 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 250.39x in total, whereas Royal Sense IPO subscribed 8.52x.

 Enfuse Solutions IPORoyal Sense IPO
QIB (times)99.97x
NII (times)953.22x9.74x
RII (times)248.42x7.31x
Total (times)250.39x8.52x

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Compare:

Enfuse Solutions IPO Vs Royal Sense IPO