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KP Green Engineering IPO vs Royal Sense IPO

Comparison between KP Green Engineering IPO and Royal Sense IPO.

IPO Details

KP Green Engineering IPO is a SME Fixed Price IPO proposed to list at BSE SME while Royal Sense IPO is a SME Fixed Price proposed to list at BSE SME.

 KP Green Engineering IPORoyal Sense IPO
LogoKP Green Engineering IPO LogoRoyal Sense IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Expert Global Consultants Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of KP Green Engineering IPO is up to ₹180.03 Cr whereas the issue size of the Royal Sense IPO is up to ₹8.77 Cr. The final issue price of KP Green Engineering IPO is ₹144.00 per share and of Royal Sense IPO is ₹68.00 per share.

 KP Green Engineering IPORoyal Sense IPO
Face Value₹5 per share₹10 per share
Issue Price (Lower)₹137.00 per share
Issue Price (Upper)₹144.00 per share
Issue Price (Final)₹144.00 per share₹68.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size1,25,02,000 shares12,90,000 shares
Fresh Issue Size (Amount)up to ₹180.03 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 Total1,25,02,000 shares12,90,000 shares
Issue Size Total (Amount)up to ₹180.03 Crup to ₹8.77 Cr

IPO Timetable

KP Green Engineering IPO opens on Mar 15, 2024, while Royal Sense IPO opens on Mar 12, 2024. The closing date of KP Green Engineering IPO and Royal Sense IPO is Mar 19, 2024, and Mar 14, 2024, respectively.

 KP Green Engineering IPORoyal Sense IPO
Anchor Bid DateMar 13, 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

KP Green Engineering IPO P/E ratio is 42.8, as compared to Royal Sense IPO P/E ratio of 33.33.

 KP Green Engineering IPORoyal Sense IPO
Financials

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets13,635.629,506.65
Total Income10,413.6411,478.50
Profit After Tax1,126.641,239.45
Reserves and Surplus2,624.033,177.38
Amount in ₹ Lakhs

Royal Sense Limited Financial Information (Restated)

Period Ended30 Sep 2023
Assets569.87
Total Income804.07
Profit After Tax70.28
Net Worth415.29
Reserves and Surplus70.28
Total Borrowing27.58
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)90.3799.99
Promoter Shareholding (Post-Issue)66.5967.15
P/E Ratio42.833.33
Market Cap₹720.00 Cr.₹33.32 Cr.
ROE29.24%17.00%
ROCE23.05%23.00%
Debt/Equity1.11
EPS₹3.36₹2.04
RoNW25.51%17.00%

Shares Offered

In the KP Green Engineering IPO Retail Individual Investors (RII) are offered 43,76,000 shares while in Royal Sense IPO retail investors are offered 43,76,000 shares. Qualified Institutional Buyers (QIB) are offered 25,00,000 shares in KP Green Engineering IPO and in Royal Sense IPO.

 KP Green Engineering IPORoyal Sense IPO
Anchor Investor Reserveration37,50,000 shares
Market Maker Reserveration6,58,000 shares1,60,000 shares
QIB25,00,000 shares
NII18,76,000 shares6,44,000 shares
RII43,76,000 shares6,46,000 shares
Employee
Others
Total1,25,02,000 shares12,90,000 shares

Bids Received (Subscription)

KP Green Engineering IPO subscribed 29.50x in total, whereas Royal Sense IPO subscribed 8.52x.

 KP Green Engineering IPORoyal Sense IPO
QIB (times)31.86x
NII (times)48.23x9.72x
Big NII (times)
Small NII (times)
RII (times)20.12x7.32x
Employee (times)
Other (times)
Total (times)29.50x8.52x