Comparison between Electro Force IPO and S J Logistics IPO.
Electro Force IPO is a SME Bookbuilding IPO proposed to list at NSE SME while S J Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.
| Electro Force IPO | S J Logistics IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | First Overseas Capital Ltd. | Hem Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Arham Shares Pvt.Ltd. | Hem Finlease Pvt.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 Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the S J Logistics IPO is up to ₹45.59 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of S J Logistics IPO is ₹125.00 per share.
| Electro Force IPO | S J Logistics IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹121.00 per share | |
| Issue Price (Upper) | ₹125.00 per share | |
| Issue Price (Final) | ₹93.00 per share | ₹125.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 1000 shares |
| Fresh Issue Size | 55,64,400 shares | 36,47,000 shares |
| Fresh Issue Size (Amount) | up to ₹51.75 Cr | up to ₹45.59 Cr |
| OFS Issue Size | 26,74,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹24.88 Cr | up to ₹0.00 Cr |
| Issue Size Total | 82,39,200 shares | 36,47,000 shares |
| Issue Size Total (Amount) | up to ₹76.62 Cr | up to ₹45.59 Cr |
Electro Force IPO opens on Dec 19, 2023, while S J Logistics IPO opens on Dec 12, 2023. The closing date of Electro Force IPO and S J Logistics IPO is Dec 21, 2023, and Dec 14, 2023, respectively.
| Electro Force IPO | S J Logistics IPO | |
|---|---|---|
| Anchor Bid Date | Dec 11, 2023 | |
| Issue Open | Dec 19, 2023 | Dec 12, 2023 |
| Issue Close | Dec 21, 2023 | Dec 14, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 15, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 18, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 18, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 19, 2023 |
| Anchor Lockin End date 1 | Jan 14, 2024 | |
| Anchor Lockin End date 2 | Mar 14, 2024 |
Electro Force IPO P/E ratio is 20.22, as compared to S J Logistics IPO P/E ratio of 14.14.
| Electro Force IPO | S J Logistics IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Electro Force (India) Limited Financial Information (Restated)Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| S J Logistics (India) Limited Financial Information (Restated Consolidated)S J Logistics (India) Limited's revenue increased by 29.88% and profit after tax (PAT) rose by 340.23% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 67.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.93 | 49.64 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.22 | 14.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹217.62 Cr. | ₹181.04 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.57% | 24.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 58.23% | 18.58% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.60 | ₹8.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.57% | 24.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in S J Logistics IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and 7,30,000 shares in S J Logistics IPO.
| Electro Force IPO | S J Logistics IPO | |
|---|---|---|
| Anchor Investor Reserveration | 10,92,000 shares | |
| Market Maker Reserveration | 4,35,600 shares | 1,93,000 shares |
| QIB | 7,30,000 shares | |
| NII | 41,19,600 shares | 5,48,000 shares |
| RII | 41,19,600 shares | 12,77,000 shares |
| Employee | ||
| Others | ||
| Total | 82,39,200 shares | 36,47,000 shares |
Electro Force IPO subscribed 4.28x in total, whereas S J Logistics IPO subscribed 316.26x.
| Electro Force IPO | S J Logistics IPO | |
|---|---|---|
| QIB (times) | 116.16x | |
| NII (times) | 2.12x | 489.45x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 6.44x | 356.33x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.28x | 316.26x |
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