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Proventus Agrocom IPO vs Spectrum Talent Management IPO

Comparison between Proventus Agrocom IPO and Spectrum Talent Management IPO.

IPO Details

Proventus Agrocom IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Spectrum Talent Management IPO is a SME Bookbuilding proposed to list at NSE SME.

 Proventus Agrocom IPOSpectrum Talent Management IPO
LogoProventus Agrocom IPO LogoSpectrum Talent Management IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSundae Capital Advisors Pvt.Ltd.Sarthi Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAjcon Global Services Ltd.Rikhav Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Proventus Agrocom IPO is up to ₹66.06 Cr whereas the issue size of the Spectrum Talent Management IPO is up to ₹99.88 Cr. The final issue price of Proventus Agrocom IPO is ₹771.00 per share and of Spectrum Talent Management IPO is ₹173.00 per share.

 Proventus Agrocom IPOSpectrum Talent Management IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹169.00 per share
Issue Price (Upper)₹173.00 per share
Issue Price (Final)₹771.00 per share₹173.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size160 shares800 shares
Fresh Issue Size6,26,653 shares48,81,600 shares
Fresh Issue Size (Amount)up to ₹48.31 Crup to ₹84.45 Cr
OFS Issue Size2,30,147 shares8,92,000 shares
OFS Issue Size (Amount)up to ₹17.74 Crup to ₹15.43 Cr
Issue Size Total8,56,800 shares57,73,600 shares
Issue Size Total (Amount)up to ₹66.06 Crup to ₹99.88 Cr

IPO Timetable

Proventus Agrocom IPO opens on May 24, 2023, while Spectrum Talent Management IPO opens on Jun 09, 2023. The closing date of Proventus Agrocom IPO and Spectrum Talent Management IPO is May 26, 2023, and Jun 14, 2023, respectively.

 Proventus Agrocom IPOSpectrum Talent Management IPO
Anchor Bid Date
Issue OpenMay 24, 2023Jun 09, 2023
Issue CloseMay 26, 2023Jun 14, 2023
Basis Of Allotment (Tentative)May 31, 2023Jun 19, 2023
Initiation of Refunds (Tentative)Jun 01, 2023Jun 20, 2023
Credit of Share (Tentative)Jun 02, 2023Jun 21, 2023
Listing date (Tentative)Jun 05, 2023Jun 22, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Proventus Agrocom IPO P/E ratio is 186.23, as compared to Spectrum Talent Management IPO P/E ratio of 15.

 Proventus Agrocom IPOSpectrum Talent Management IPO
Financials
Proventus Agrochem Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208,936.9490,089.01-2,190.465,663.584,731.011,728.54
31-Mar-218,843.3630,173.92187.905,844.504,911.922,940.72
31-Mar-2210,131.1340,434.57114.035,966.755,034.173,444.05
31-Dec-229,735.3731,909.63189.826,167.315,234.743,061.13
Amount in ₹ Lakhs
Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-204,081.1032,362.37675.961,500.361,025.36422.19
31-Mar-214,630.2030,296.00476.411,976.301,026.3060.72
31-Mar-226,479.2948,372.171,552.712,827.371,972.371,026.88
31-Dec-228,657.6658,415.741,997.464,844.573,053.82255.09
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.29100.00
Promoter Shareholding (Post-Issue)70.8472.25
P/E Ratio186.2315
Market Cap₹264.27 Cr.
ROE0.04%
ROCE0.05%
Debt/Equity0.56
EPS₹4.14₹10.25
RoNW3.08%42.99%

Shares Offered

In the Proventus Agrocom IPO Retail Individual Investors (RII) are offered 4,28,450 shares while in Spectrum Talent Management IPO retail investors are offered 4,28,450 shares. Qualified Institutional Buyers (QIB) are offered in Proventus Agrocom IPO and 5,76,000 shares in Spectrum Talent Management IPO.

 Proventus Agrocom IPOSpectrum Talent Management IPO
Anchor Investor Reserveration
Market Maker Reserveration45,120 shares3,04,000 shares
QIB5,76,000 shares
NII4,28,450 shares25,98,400 shares
RII4,28,450 shares25,99,200 shares
Employee
Others
Total8,56,900 shares57,73,600 shares

Bids Received (Subscription)

Proventus Agrocom IPO subscribed 2.70x in total, whereas Spectrum Talent Management IPO subscribed 12.27x.

 Proventus Agrocom IPOSpectrum Talent Management IPO
QIB (times)11.21x
NII (times)4.65x11.68x
Big NII (times)
Small NII (times)
RII (times)0.74x13.10x
Employee (times)
Other (times)
Total (times)2.70x12.27x