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Electro Force IPO vs Sameera Agro IPO

Comparison between Electro Force IPO and Sameera Agro IPO.

IPO Details

Electro Force IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sameera Agro IPO is a SME Fixed Price proposed to list at NSE SME.

 Electro Force IPOSameera Agro IPO
LogoElectro Force IPO LogoSameera Agro IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.First Overseas Capital Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerArham Shares Pvt.Ltd.Svcm Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Sameera Agro IPO is up to ₹59.33 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Sameera Agro IPO is ₹180.00 per share.

 Electro Force IPOSameera Agro IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹93.00 per share₹180.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares800 shares
Fresh Issue Size55,64,400 shares32,96,000 shares
Fresh Issue Size (Amount)up to ₹51.75 Crup to ₹59.33 Cr
OFS Issue Size26,74,800 shares0 shares
OFS Issue Size (Amount)up to ₹24.88 Crup to ₹0.00 Cr
Issue Size Total82,39,200 shares32,96,000 shares
Issue Size Total (Amount)up to ₹76.62 Crup to ₹59.33 Cr

IPO Timetable

Electro Force IPO opens on Dec 19, 2023, while Sameera Agro IPO opens on Dec 21, 2023. The closing date of Electro Force IPO and Sameera Agro IPO is Dec 21, 2023, and Dec 27, 2023, respectively.

 Electro Force IPOSameera Agro IPO
Anchor Bid Date
Issue OpenDec 19, 2023Dec 21, 2023
Issue CloseDec 21, 2023Dec 27, 2023
Basis Of Allotment (Tentative)Dec 22, 2023Dec 28, 2023
Initiation of Refunds (Tentative)Dec 26, 2023Dec 29, 2023
Credit of Share (Tentative)Dec 26, 2023Dec 29, 2023
Listing date (Tentative)Dec 27, 2023Jan 01, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Electro Force IPO P/E ratio is 20.22, as compared to Sameera Agro IPO P/E ratio of 15.11.

 Electro Force IPOSameera Agro 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.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,827.007,231.514,783.371,719.96
Total Income2,314.193,028.813,443.551,587.13
Profit After Tax711.08799.60864.26-223.69
Net Worth2,546.411,835.331,035.73171.47
Reserves and Surplus806.4195.33535.73-328.53
Total Borrowing
Amount in ₹ Lakhs

Sameera Agro And Infra Limited Financial Information (Restated)

Sameera Agro And Infra Limited's revenue increased by 31.79% and profit after tax (PAT) rose by 266.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,053.485,808.944,022.603,630.77
Total Income9,436.5213,881.8310,533.568,009.53
Profit After Tax692.191,003.73274.17122.15
Net Worth2,569.661,877.47873.74599.57
Reserves and Surplus1,726.681,034.49452.25178.08
Total Borrowing323.12323.12323.1275.45
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0097.49
Promoter Shareholding (Post-Issue)62.9369.00
P/E Ratio20.2215.11
Market Cap₹217.62 Cr.₹214.38 Cr.
ROE43.57%53.46%
ROCE58.23%64.17%
Debt/Equity0.29
EPS₹4.60₹11.91
RoNW43.57%53.46%

Shares Offered

In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Sameera Agro IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and in Sameera Agro IPO.

 Electro Force IPOSameera Agro IPO
Anchor Investor Reserveration
Market Maker Reserveration4,35,600 shares1,84,000 shares
QIB
NII41,19,600 shares16,48,000 shares
RII41,19,600 shares16,48,000 shares
Employee
Others
Total82,39,200 shares32,96,000 shares

Bids Received (Subscription)

Electro Force IPO subscribed 4.28x in total, whereas Sameera Agro IPO subscribed 2.92x.

 Electro Force IPOSameera Agro IPO
QIB (times)
NII (times)2.12x1.70x
Big NII (times)
Small NII (times)
RII (times)6.44x4.14x
Employee (times)
Other (times)
Total (times)4.28x2.92x