Pratham EPC Projects IPO vs Shree Karni Fabcom IPO

Comparison between Pratham EPC Projects IPO and Shree Karni Fabcom IPO.

IPO Details

Pratham EPC Projects IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Shree Karni Fabcom IPO is a SME Bookbuilding proposed to list at NSE SME.

	Pratham EPC Projects IPO	Shree Karni Fabcom IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Horizon Management Pvt.Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	MAS Services Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	MLB Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Pratham EPC Projects IPO is up to ₹34.20 Cr whereas the issue size of the Shree Karni Fabcom IPO is up to ₹40.37 Cr. The final issue price of Pratham EPC Projects IPO is ₹75.00 per share and of Shree Karni Fabcom IPO is ₹227.00 per share.

	Pratham EPC Projects IPO	Shree Karni Fabcom IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹220.00 per share
Issue Price (Upper)	₹75.00 per share	₹227.00 per share
Issue Price (Final)	₹75.00 per share	₹227.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	600 shares
Fresh Issue Size	45,60,000 shares	17,78,400 shares
Fresh Issue Size (Amount)	up to ₹34.20 Cr	up to ₹40.37 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	45,60,000 shares	17,78,400 shares
Issue Size Total (Amount)	up to ₹34.20 Cr	up to ₹40.37 Cr

IPO Timetable

Pratham EPC Projects IPO opens on Mar 11, 2024, while Shree Karni Fabcom IPO opens on Mar 06, 2024. The closing date of Pratham EPC Projects IPO and Shree Karni Fabcom IPO is Mar 13, 2024, and Mar 11, 2024, respectively.

	Pratham EPC Projects IPO	Shree Karni Fabcom IPO
Anchor Bid Date	Mar 07, 2024	Mar 05, 2024
Issue Open	Mar 11, 2024	Mar 06, 2024
Issue Close	Mar 13, 2024	Mar 11, 2024
Basis Of Allotment (Tentative)	Mar 14, 2024	Mar 12, 2024
Initiation of Refunds (Tentative)	Mar 15, 2024	Mar 13, 2024
Credit of Share (Tentative)	Mar 15, 2024	Mar 13, 2024
Listing date (Tentative)	Mar 18, 2024	Mar 14, 2024
Anchor Lockin End date 1	Apr 13, 2024	Apr 11, 2024
Anchor Lockin End date 2	Jun 12, 2024	Jun 10, 2024

Financials & KPIs

Pratham EPC Projects IPO P/E ratio is 12.72, as compared to Shree Karni Fabcom IPO P/E ratio of 21.26.

Pratham EPC Projects IPO

Shree Karni Fabcom IPO

Financials

Pratham EPC Projects Limited Financial Information (Restated Standalone)

Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% 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	4,643.75	4,849.75	2,850.17	2,041.93
Total Income	3,581.37	5,167.29	5,062.66	3,085.03
Profit After Tax	523.41	764.12	441.32	112.85
Net Worth	2,321.26	1,797.86	1,033.73	592.41
Reserves and Surplus	1,025.26	1,716.86	952.73	511.41
Total Borrowing	952.27	1,418.83	246.26	199.48
Amount in ₹ Lakhs

Shree Karni Fabcom Limited Financial Information (Restated Consolidated)

Shree Karni Fabcom Limited's revenue increased by 51.87% and profit after tax (PAT) rose by 7.85% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Nov 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,124.38	9,864.25	5,911.11	2,743.05
Total Income	7,599.48	12,704.05	8,365.18	3,289.86
Profit After Tax	813.44	555.25	514.84	153.48
Net Worth	1,912.17	2,602.24	1,321.61	671.23
Reserves and Surplus	1,392.17	2,502.24	1,221.61	571.23
Total Borrowing	9,504.27	3,658.72	2,718.09	1,451.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

96.16

Promoter Shareholding (Post-Issue)

72.97

70.07

P/E Ratio

12.72

21.26

Market Cap

₹133.20 Cr.

₹160.53 Cr.

ROE

45.10

42.56%

ROCE

24.81

11.34%

Debt/Equity

EPS

₹5.90

₹10.68

RoNW

22.55

42.56%

Shares Offered

In the Pratham EPC Projects IPO Retail Individual Investors (RII) are offered 15,96,800 shares while in Shree Karni Fabcom IPO retail investors are offered 15,96,800 shares. Qualified Institutional Buyers (QIB) are offered 9,12,000 shares in Pratham EPC Projects IPO and 3,55,800 shares in Shree Karni Fabcom IPO.

	Pratham EPC Projects IPO	Shree Karni Fabcom IPO
Anchor Investor Reserveration	13,66,400 shares	5,32,800 shares
Market Maker Reserveration	2,40,000 shares	93,600 shares
QIB	9,12,000 shares	3,55,800 shares
NII	6,84,800 shares	2,67,000 shares
RII	15,96,800 shares	6,22,800 shares
Employee
Others
Total	45,60,000 shares	17,78,400 shares

Bids Received (Subscription)

Pratham EPC Projects IPO subscribed 178.54x in total, whereas Shree Karni Fabcom IPO subscribed 296.43x.

	Pratham EPC Projects IPO	Shree Karni Fabcom IPO
QIB (times)	70.28x	112.94x
NII (times)	320.53x	461.58x
Big NII (times)
Small NII (times)
RII (times)	179.48x	330.45x
Employee (times)
Other (times)
Total (times)	178.54x	296.43x

Compare with others

Pratham EPC Projects IPO	Shree Karni Fabcom IPO
Enfuse Solutions IPO	Royal Sense IPO
KP Green Engineering IPO	AVP Infracon IPO
Royal Sense IPO	Signoria Creation IPO
AVP Infracon IPO	Pratham EPC Projects IPO
Signoria Creation IPO	Koura Fine Diamond Jewelry IPO
Koura Fine Diamond Jewelry IPO	V R Infraspace IPO
Shree Karni Fabcom IPO	Sona Machinery IPO
V R Infraspace IPO	Pune E-Stock Broking IPO
Sona Machinery IPO	M.V.K.Agro Food Product IPO
Pune E-Stock Broking IPO	Owais Metal IPO