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Esconet Technologies IPO vs Sadhav Shipping IPO

Comparison between Esconet Technologies IPO and Sadhav Shipping IPO.

IPO Details

Esconet Technologies IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price proposed to list at NSE SME.

 Esconet Technologies IPOSadhav Shipping IPO
LogoEsconet Technologies IPO LogoSadhav Shipping IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.ISK Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Sunflower Broking Pvt.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 Esconet Technologies IPO is up to ₹26.75 Cr whereas the issue size of the Sadhav Shipping IPO is up to ₹36.25 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

 Esconet Technologies IPOSadhav Shipping IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹84.00 per share
Issue Price (Final)₹84.00 per share₹95.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares1200 shares
Fresh Issue Size31,84,000 shares38,16,000 shares
Fresh Issue Size (Amount)up to ₹26.75 Crup to ₹36.25 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,84,000 shares38,16,000 shares
Issue Size Total (Amount)up to ₹26.75 Crup to ₹36.25 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of Esconet Technologies IPO and Sadhav Shipping IPO is Feb 20, 2024, and Feb 27, 2024, respectively.

 Esconet Technologies IPOSadhav Shipping IPO
Anchor Bid DateFeb 15, 2024
Issue OpenFeb 16, 2024Feb 23, 2024
Issue CloseFeb 20, 2024Feb 27, 2024
Basis Of Allotment (Tentative)Feb 21, 2024Feb 28, 2024
Initiation of Refunds (Tentative)Feb 22, 2024Feb 29, 2024
Credit of Share (Tentative)Feb 22, 2024Feb 29, 2024
Listing date (Tentative)Feb 23, 2024Mar 01, 2024
Anchor Lockin End date 1Mar 22, 2024
Anchor Lockin End date 2May 21, 2024

Financials & KPIs

Esconet Technologies IPO P/E ratio is 24.87, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

 Esconet Technologies IPOSadhav Shipping IPO
Financials

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets4,260.462,798.37
Total Income7,146.719,690.84
Profit After Tax305.47304.00
Net Worth902.97554.47
Reserves and Surplus825.19477.48
Total Borrowing1,008.951,103.89
Amount in ₹ Lakhs

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets13,113.4911,628.716,909.446,117.64
Total Income3,385.697,890.596,977.946,123.67
Profit After Tax406.97775.44300.93330.77
Net Worth4,501.444,094.463,503.513,205.61
Reserves and Surplus4,206.183,799.213,208.262,910.36
Total Borrowing6,681.845,527.452,083.081,776.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)89.1896.44
Promoter Shareholding (Post-Issue)64.9469.44
P/E Ratio24.8712.66
Market Cap₹103.82 Cr.₹136.35 Cr.
ROE75.54%20.41%
ROCE59.11%14.36%
Debt/Equity1.99
EPS₹39.63₹7.50
RoNW54.83%18.94%

Shares Offered

In the Esconet Technologies IPO Retail Individual Investors (RII) are offered 11,15,200 shares while in Sadhav Shipping IPO retail investors are offered 11,15,200 shares. Qualified Institutional Buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and in Sadhav Shipping IPO.

 Esconet Technologies IPOSadhav Shipping IPO
Anchor Investor Reserveration9,53,600 shares
Market Maker Reserveration1,76,000 shares2,02,800 shares
QIB6,36,800 shares
NII4,78,400 shares19,08,000 shares
RII11,15,200 shares19,08,000 shares
Employee
Others
Total31,84,000 shares38,16,000 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

 Esconet Technologies IPOSadhav Shipping IPO
QIB (times)156.02x
NII (times)868.05x184.58x
Big NII (times)
Small NII (times)
RII (times)553.02x65.52x
Employee (times)
Other (times)
Total (times)507.24x135.69x