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Ken Enterprises IPO vs Solarium Green Energy IPO

Comparison between Ken Enterprises IPO and Solarium Green Energy IPO.

IPO Details

Ken Enterprises IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Solarium Green Energy IPO is a SME Bookbuilding proposed to list at BSE SME.

 Ken Enterprises IPOSolarium Green Energy IPO
LogoKen Enterprises IPO LogoSolarium Green Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Makers Capital Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Spread X Securities 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 Ken Enterprises IPO is up to ₹79.47 Cr whereas the issue size of the Solarium Green Energy IPO is up to ₹99.56 Cr. The final issue price of Ken Enterprises IPO is ₹94.00 per share and of Solarium Green Energy IPO is ₹191.00 per share.

 Ken Enterprises IPOSolarium Green Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹181.00 per share
Issue Price (Upper)₹191.00 per share
Issue Price (Final)₹94.00 per share₹191.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares600 shares
Fresh Issue Size57,54,000 shares52,12,800 shares
Fresh Issue Size (Amount)up to ₹54.09 Crup to ₹99.56 Cr
OFS Issue Size27,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹25.38 Crup to ₹0.00 Cr
Issue Size Total84,54,000 shares52,12,800 shares
Issue Size Total (Amount)up to ₹79.47 Crup to ₹99.56 Cr

IPO Timetable

Ken Enterprises IPO opens on Feb 05, 2025, while Solarium Green Energy IPO opens on Feb 06, 2025. The closing date of Ken Enterprises IPO and Solarium Green Energy IPO is Feb 07, 2025, and Feb 10, 2025, respectively.

 Ken Enterprises IPOSolarium Green Energy IPO
Anchor Bid DateFeb 05, 2025
Issue OpenFeb 05, 2025Feb 06, 2025
Issue CloseFeb 07, 2025Feb 10, 2025
Basis Of Allotment (Tentative)Feb 10, 2025Feb 11, 2025
Initiation of Refunds (Tentative)Feb 11, 2025Feb 12, 2025
Credit of Share (Tentative)Feb 11, 2025Feb 12, 2025
Listing date (Tentative)Feb 12, 2025Feb 13, 2025
Anchor Lockin End date 1Mar 13, 2025
Anchor Lockin End date 2May 12, 2025

Financials & KPIs

Ken Enterprises IPO P/E ratio is 19.34, as compared to Solarium Green Energy IPO P/E ratio of 18.81.

 Ken Enterprises IPOSolarium Green Energy IPO
Financials

Ken Enterprises Limited Financial Information (Restated Consolidated)

Period Ended30 Nov 202431 Mar 202431 Mar 202331 Mar 2022
Assets266.3242.15195.16187.26
Total Income332.85409.13375.23360.32
Profit After Tax9.538.933.952.36
Net Worth54.3844.8535.9331.98
Reserves and Surplus36.0142.2733.3429.39
Total Borrowing43.1447.8449.4541.01
Amount in ₹ Crore

Solarium Green Energy Limited Financial Information (Restated Consolidated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets95.2577.2144.3731.81
Total Income82.34177.8198.93167.89
Profit After Tax7.5515.591.742.05
Net Worth33.1320.334.743
Reserves and Surplus17.7817.331.74
Total Borrowing33.4730.7626.7214.8
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)81.2178.50
Promoter Shareholding (Post-Issue)49.7257.77
P/E Ratio19.3418.81
Market Cap₹230.92 Cr.₹398.23 Cr.
ROE19.90%124.38%
ROCE51.52%54.18%
Debt/Equity0.091.51
EPS₹4.86₹10.16
RoNW19.90%76.69%

Shares Offered

In the Ken Enterprises IPO Retail Individual Investors (RII) are offered 67,30,800 shares while in Solarium Green Energy IPO retail investors are offered 67,30,800 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ken Enterprises IPO and 10,42,800 shares in Solarium Green Energy IPO.

 Ken Enterprises IPOSolarium Green Energy IPO
Anchor Investor Reserveration0 shares15,63,000 shares
Market Maker Reserveration4,45,200 shares2,86,800 shares
QIB0 shares10,42,800 shares
NII17,23,200 shares7,82,400 shares
RII67,30,800 shares18,24,600 shares
Employee0 shares0 shares
Others
Total84,54,000 shares52,12,800 shares

Bids Received (Subscription)

Ken Enterprises IPO subscribed 4.36x in total, whereas Solarium Green Energy IPO subscribed 8.83x.

 Ken Enterprises IPOSolarium Green Energy IPO
QIB (times)8.51x
NII (times)1.75x18.04x
Big NII (times)
Small NII (times)
RII (times)6.86x5.07x
Employee (times)
Other (times)
Total (times)4.36x8.83x