AVP Infracon IPO vs Signoria Creation IPO

Comparison between AVP Infracon IPO and Signoria Creation IPO.

IPO Details

AVP Infracon IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Signoria Creation IPO is a SME Bookbuilding proposed to list at NSE SME.

	AVP Infracon IPO	Signoria Creation IPO
Logo	$AVP Infracon IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Pvt.Ltd.	Holani Consultants Pvt.Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Holani Consultants 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 AVP Infracon IPO is up to ₹46.86 Cr whereas the issue size of the Signoria Creation IPO is up to ₹8.81 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Signoria Creation IPO is ₹65.00 per share.

	AVP Infracon IPO	Signoria Creation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹61.00 per share
Issue Price (Upper)	₹75.00 per share	₹65.00 per share
Issue Price (Final)	₹75.00 per share	₹65.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	62,48,000 shares	13,56,000 shares
Fresh Issue Size (Amount)	up to ₹46.86 Cr	up to ₹8.81 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	62,48,000 shares	13,56,000 shares
Issue Size Total (Amount)	up to ₹46.86 Cr	up to ₹8.81 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Signoria Creation IPO opens on Mar 12, 2024. The closing date of AVP Infracon IPO and Signoria Creation IPO is Mar 15, 2024, and Mar 14, 2024, respectively.

	AVP Infracon IPO	Signoria Creation IPO
Anchor Bid Date	Mar 12, 2024	Mar 11, 2024
Issue Open	Mar 13, 2024	Mar 12, 2024
Issue Close	Mar 15, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 18, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 19, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 19, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 20, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 17, 2024	Apr 14, 2024
Anchor Lockin End date 2	Jun 16, 2024	Jun 13, 2024

Financials & KPIs

AVP Infracon IPO P/E ratio is 11.2, as compared to Signoria Creation IPO P/E ratio of 9.37.

AVP Infracon IPO

Signoria Creation IPO

Financials

AVP Infracon Limited Financial Information (Restated Consolidated)

Period Ended	31 Oct 2023	31 Mar 2023
Assets	17,232.87	14,670.84
Total Income	7,411.90	11,550.09
Profit After Tax	855.78	1,205.31
Net Worth	3,405.31	2,549.66
Reserves and Surplus	1,605.31	2,069.66
Total Borrowing	7,791.95	6,729.31
Amount in ₹ Lakhs

Signoria Creation Limited Financial Information (Restated Standalone)

Signoria Creation Limited's revenue increased by 62.13% and profit after tax (PAT) rose by 242.14% 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	2,614.56	2,334.92	950.76	597.88
Total Income	652.92	1,915.81	1,181.64	588.98
Profit After Tax	64.52	231.05	67.53	32.60
Net Worth	647.75	583.23	150.88	83.35
Reserves and Surplus	536.75	472.23	100.88	33.35
Total Borrowing	1,263.93	1,050.26	376.84	223.15
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.5

100.00

Promoter Shareholding (Post-Issue)

62.33

P/E Ratio

11.2

9.37

Market Cap

₹187.34 Cr.

₹30.93 Cr.

ROE

25.05%

10.48%

ROCE

22.63%

7.38%

Debt/Equity

1.96

EPS

₹6.70

₹6.94

RoNW

25.05%

9.96%

Shares Offered

In the AVP Infracon IPO Retail Individual Investors (RII) are offered 21,90,400 shares while in Signoria Creation IPO retail investors are offered 21,90,400 shares. Qualified Institutional Buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 2,16,000 shares in Signoria Creation IPO.

	AVP Infracon IPO	Signoria Creation IPO
Anchor Investor Reserveration	18,70,400 shares	3,20,000 shares
Market Maker Reserveration	7,31,200 shares	72,000 shares
QIB	12,48,000 shares	2,16,000 shares
NII	9,39,200 shares	2,50,000 shares
RII	21,90,400 shares	5,30,000 shares
Employee		40,000 shares
Others
Total	62,48,000 shares	13,56,000 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Signoria Creation IPO subscribed 666.32x.

	AVP Infracon IPO	Signoria Creation IPO
QIB (times)	1.05x	107.56x
NII (times)	46.15x	1,290.56x
Big NII (times)
Small NII (times)
RII (times)	22.49x	649.88x
Employee (times)
Other (times)
Total (times)	21.45x	666.32x

Compare with others

AVP Infracon IPO	Signoria Creation IPO
Chatha Foods IPO	Enser Communications IPO
Enser Communications IPO	Enfuse Solutions IPO
Enfuse Solutions IPO	KP Green Engineering IPO
KP Green Engineering IPO	Royal Sense IPO
Royal Sense IPO	AVP Infracon IPO
Signoria Creation IPO	Pratham EPC Projects IPO
Pratham EPC Projects IPO	Koura Fine Diamond Jewelry IPO
Koura Fine Diamond Jewelry IPO	Shree Karni Fabcom IPO
Shree Karni Fabcom IPO	V R Infraspace IPO
V R Infraspace IPO	Sona Machinery IPO