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Innovatus Entertainment Networks IPO vs Shri Techtex IPO

Comparison between Innovatus Entertainment Networks IPO and Shri Techtex IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shri Techtex IPO is a SME Bookbuilding proposed to list at NSE SME.

 Innovatus Entertainment Networks IPOShri Techtex IPO
LogoInnovatus Entertainment Networks IPO LogoShri Techtex IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersInventure Merchant Banker Services Pvt.Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerPure Broking Pvt.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 Innovatus Entertainment Networks IPO is up to ₹7.35 Cr whereas the issue size of the Shri Techtex IPO is up to ₹42.87 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Shri Techtex IPO is ₹61.00 per share.

 Innovatus Entertainment Networks IPOShri Techtex IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹54.00 per share
Issue Price (Upper)₹61.00 per share
Issue Price (Final)₹50.00 per share₹61.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size14,70,000 shares70,28,000 shares
Fresh Issue Size (Amount)up to ₹7.35 Crup to ₹42.87 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,70,000 shares70,28,000 shares
Issue Size Total (Amount)up to ₹7.35 Crup to ₹42.87 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Shri Techtex IPO opens on Jul 26, 2023. The closing date of Innovatus Entertainment Networks IPO and Shri Techtex IPO is Jul 27, 2023, and Jul 28, 2023, respectively.

 Innovatus Entertainment Networks IPOShri Techtex IPO
Anchor Bid DateJul 25, 2023
Issue OpenJul 25, 2023Jul 26, 2023
Issue CloseJul 27, 2023Jul 28, 2023
Basis Of Allotment (Tentative)Aug 01, 2023Aug 02, 2023
Initiation of Refunds (Tentative)Aug 02, 2023Aug 03, 2023
Credit of Share (Tentative)Aug 03, 2023Aug 04, 2023
Listing date (Tentative)Aug 04, 2023Aug 04, 2023
Anchor Lockin End date 1Sep 01, 2023
Anchor Lockin End date 2Oct 31, 2023

Financials & KPIs

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Shri Techtex IPO P/E ratio of 16.71.

 Innovatus Entertainment Networks IPOShri Techtex IPO
Financials
Innovatus Entertainment Networks Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20449.411,042.1229.44171.61170.610.00
31-Mar-21597.72784.0733.38205.00204.00152.34
31-Mar-22530.83787.9030.19235.1934.19152.34
31-Mar-23822.631,093.9348.26483.45242.45152.34
Amount in ₹ Lakhs
Shri Techtex Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-201,766.651,625.73447.23808.49588.04488.05
31-Mar-214,652.154,021.581,265.682,075.691,853.721,498.66
31-Mar-225,282.415,182.15826.562,099.471,875.992,451.57
31-Mar-237,386.455,807.58910.632,981.501,256.613,188.98
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.97100
Promoter Shareholding (Post-Issue)60.8770.34
P/E Ratio4116.71
Market Cap₹19.79 Cr.₹152.20 Cr.
ROE9.98%35.84%
ROCE11.32%20.07%
Debt/Equity0.321.07
EPS₹2.00₹5.19
RoNW9.98%30.54%

Shares Offered

In the Innovatus Entertainment Networks IPO Retail Individual Investors (RII) are offered 7,35,000 shares while in Shri Techtex IPO retail investors are offered 7,35,000 shares. Qualified Institutional Buyers (QIB) are offered in Innovatus Entertainment Networks IPO and 14,10,000 shares in Shri Techtex IPO.

 Innovatus Entertainment Networks IPOShri Techtex IPO
Anchor Investor Reserveration21,00,000 shares
Market Maker Reserveration78,000 shares3,72,000 shares
QIB14,10,000 shares
NII7,35,000 shares10,56,000 shares
RII7,35,000 shares24,62,000 shares
Employee
Others
Total14,70,000 shares70,28,000 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Shri Techtex IPO subscribed 148.44x.

 Innovatus Entertainment Networks IPOShri Techtex IPO
QIB (times)58.03x
NII (times)56.58x250.65x
Big NII (times)
Small NII (times)
RII (times)150.50x156.37x
Employee (times)
Other (times)
Total (times)105.21x148.44x