E2E Networks IPO vs Sirca Paints IPO

Comparison between E2E Networks IPO and Sirca Paints IPO.

IPO Details

E2E Networks IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sirca Paints IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of E2E Networks IPO is up to ₹20.88 Cr whereas the issue size of the Sirca Paints IPO is up to ₹74.01 Cr. The final issue price of E2E Networks IPO is ₹57.00 per share and of Sirca Paints IPO is ₹160.00 per share.

 E2E Networks IPOSirca Paints IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹151.00 per share
Issue Price (Upper)₹160.00 per share
Issue Price (Final)₹57.00 per share₹160.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares800 shares
Fresh Issue Size25,56,000 shares46,25,600 shares
Fresh Issue Size (Amount)up to ₹14.57 Crup to ₹74.01 Cr
OFS Issue Size11,08,000 shares0 shares
OFS Issue Size (Amount)up to ₹6.32 Crup to ₹0.00 Cr
Issue Size Total36,64,000 shares46,25,600 shares
Issue Size Total (Amount)up to ₹20.88 Crup to ₹74.01 Cr

IPO Timetable

E2E Networks IPO opens on May 03, 2018, while Sirca Paints IPO opens on May 16, 2018. The closing date of E2E Networks IPO and Sirca Paints IPO is May 07, 2018, and May 22, 2018, respectively.

 E2E Networks IPOSirca Paints IPO
Anchor Bid DateMay 15, 2018
Issue OpenMay 03, 2018May 16, 2018
Issue CloseMay 07, 2018May 22, 2018
Basis Of Allotment (Tentative)May 10, 2018May 25, 2018
Listing date (Tentative)May 15, 2018May 30, 2018
Anchor Lockin End date 1Jun 21, 2018

Financials & KPIs

E2E Networks IPO P/E ratio is , as compared to Sirca Paints IPO P/E ratio of .

 E2E Networks IPOSirca Paints IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets22.9815.7213.637.96
Total Income27.2129.5321.479.93
Profit After Tax5.264.212.220.84
NET Worth16.2310.976.754.53
Reserves and Surplus15.8610.606.384.16
Total Borrowing1.512.571.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets83.1961.3145.0833.42
Total Income64.7084.3472.6669.77
Profit After Tax14.6013.707.286.18
NET Worth48.3534.0320.3613.13
Reserves and Surplus36.1434.0320.3313.05
Total Borrowing9.103.8510.6811.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)67.51%91.79%
Promoter Shareholding (Post-Issue)54.47%67.32%
Market Cap₹81.20 Cr.₹292.31 Cr.

Shares Offered

In the E2E Networks IPO Retail Individual Investors (RII) are offered 18,32,000 shares while in Sirca Paints IPO retail investors are offered 18,32,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in E2E Networks IPO and 9,28,000 shares in Sirca Paints IPO.

 E2E Networks IPOSirca Paints IPO
Anchor Investor Reservation0 shares13,70,400 shares
Market Maker Reservation1,94,000 shares2,44,000 shares
QIB0 shares9,28,000 shares
NII18,32,000 shares6,99,200 shares
RII18,32,000 shares16,28,000 shares
Employee0 shares0 shares
Total36,64,000 shares46,25,600 shares

Bids Received (Subscription)

E2E Networks IPO subscribed 72.11x in total, whereas Sirca Paints IPO subscribed 8.32x.

 E2E Networks IPOSirca Paints IPO
QIB (times)1.25x
NII (times)130.82x32.05x
RII (times)13.39x9.16x
Total (times)72.11x8.32x

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E2E Networks IPO Vs Sirca Paints IPO