Royal Sense IPO vs Signoria Creation IPO

Comparison between Royal Sense IPO and Signoria Creation IPO.

IPO Details

Royal Sense IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Signoria Creation IPO is a SME Bookbuilding proposed to list at NSE SME.

	Royal Sense IPO	Signoria Creation IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Expert Global Consultants Pvt.Ltd.	Holani Consultants Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Rikhav Securities Ltd.	Holani Consultants Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Royal Sense IPO is up to ₹8.77 Cr whereas the issue size of the Signoria Creation IPO is up to ₹8.81 Cr. The final issue price of Royal Sense IPO is ₹68.00 per share and of Signoria Creation IPO is ₹65.00 per share.

	Royal Sense IPO	Signoria Creation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹61.00 per share
Issue Price (Upper)		₹65.00 per share
Issue Price (Final)	₹68.00 per share	₹65.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	12,90,000 shares	13,56,000 shares
Fresh Issue Size (Amount)	up to ₹8.77 Cr	up to ₹8.81 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	12,90,000 shares	13,56,000 shares
Issue Size Total (Amount)	up to ₹8.77 Cr	up to ₹8.81 Cr

IPO Timetable

Royal Sense IPO opens on Mar 12, 2024, while Signoria Creation IPO opens on Mar 12, 2024. The closing date of Royal Sense IPO and Signoria Creation IPO is Mar 14, 2024, and Mar 14, 2024, respectively.

	Royal Sense IPO	Signoria Creation IPO
Anchor Bid Date		Mar 11, 2024
Issue Open	Mar 12, 2024	Mar 12, 2024
Issue Close	Mar 14, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 15, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 18, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 18, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 19, 2024	Mar 19, 2024
Anchor Lockin End date 1		Apr 14, 2024
Anchor Lockin End date 2		Jun 13, 2024

Financials & KPIs

Royal Sense IPO P/E ratio is 33.33, as compared to Signoria Creation IPO P/E ratio of 9.37.

Royal Sense IPO

Signoria Creation IPO

Financials

Royal Sense Limited Financial Information (Restated)

Period Ended	30 Sep 2023
Assets	569.87
Total Income	804.07
Profit After Tax	70.28
Net Worth	415.29
Reserves and Surplus	70.28
Total Borrowing	27.58
Amount in ₹ Lakhs

Signoria Creation Limited Financial Information (Restated Standalone)

Signoria Creation Limited's revenue increased by 62.13% and profit after tax (PAT) rose by 242.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,614.56	2,334.92	950.76	597.88
Total Income	652.92	1,915.81	1,181.64	588.98
Profit After Tax	64.52	231.05	67.53	32.60
Net Worth	647.75	583.23	150.88	83.35
Reserves and Surplus	536.75	472.23	100.88	33.35
Total Borrowing	1,263.93	1,050.26	376.84	223.15
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99

100.00

Promoter Shareholding (Post-Issue)

67.15

P/E Ratio

33.33

9.37

Market Cap

₹33.32 Cr.

₹30.93 Cr.

ROE

17.00%

10.48%

ROCE

23.00%

7.38%

Debt/Equity

EPS

₹2.04

₹6.94

RoNW

17.00%

9.96%

Shares Offered

In the Royal Sense IPO Retail Individual Investors (RII) are offered 6,46,000 shares while in Signoria Creation IPO retail investors are offered 6,46,000 shares. Qualified Institutional Buyers (QIB) are offered in Royal Sense IPO and 2,16,000 shares in Signoria Creation IPO.

	Royal Sense IPO	Signoria Creation IPO
Anchor Investor Reserveration		3,20,000 shares
Market Maker Reserveration	1,60,000 shares	72,000 shares
QIB		2,16,000 shares
NII	6,44,000 shares	2,50,000 shares
RII	6,46,000 shares	5,30,000 shares
Employee		40,000 shares
Others
Total	12,90,000 shares	13,56,000 shares

Bids Received (Subscription)

Royal Sense IPO subscribed 8.52x in total, whereas Signoria Creation IPO subscribed 666.32x.

	Royal Sense IPO	Signoria Creation IPO
QIB (times)		107.56x
NII (times)	9.72x	1,290.56x
Big NII (times)
Small NII (times)
RII (times)	7.32x	649.88x
Employee (times)
Other (times)
Total (times)	8.52x	666.32x

Compare with others

Royal Sense IPO	Signoria Creation IPO
Vishwas Agri Seeds IPO	Enser Communications IPO
Chatha Foods IPO	Enfuse Solutions IPO
Enser Communications IPO	KP Green Engineering IPO
Enfuse Solutions IPO	Royal Sense IPO
KP Green Engineering IPO	AVP Infracon IPO
AVP Infracon IPO	Pratham EPC Projects IPO
Signoria Creation IPO	Koura Fine Diamond Jewelry IPO
Pratham EPC Projects IPO	Shree Karni Fabcom IPO
Koura Fine Diamond Jewelry IPO	V R Infraspace IPO
Shree Karni Fabcom IPO	Sona Machinery IPO