Comparison between Electro Force IPO and Supreme Power Equipment IPO.
Electro Force IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Supreme Power Equipment IPO is a SME Bookbuilding proposed to list at NSE SME.
| Electro Force IPO | Supreme Power Equipment IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | First Overseas Capital Ltd. | Narnolia Financial Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Purva Sharegistry (India) Pvt.Ltd. |
| Market Maker | Arham Shares Pvt.Ltd. | Share India Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Electro Force IPO is up to ₹76.62 Cr whereas the issue size of the Supreme Power Equipment IPO is up to ₹40.61 Cr. The final issue price of Electro Force IPO is ₹93.00 per share and of Supreme Power Equipment IPO is ₹65.00 per share.
| Electro Force IPO | Supreme Power Equipment IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹61.00 per share | |
| Issue Price (Upper) | ₹65.00 per share | |
| Issue Price (Final) | ₹93.00 per share | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 55,64,400 shares | 62,48,000 shares |
| Fresh Issue Size (Amount) | up to ₹51.75 Cr | up to ₹40.61 Cr |
| OFS Issue Size | 26,74,800 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹24.88 Cr | up to ₹0.00 Cr |
| Issue Size Total | 82,39,200 shares | 62,48,000 shares |
| Issue Size Total (Amount) | up to ₹76.62 Cr | up to ₹40.61 Cr |
Electro Force IPO opens on Dec 19, 2023, while Supreme Power Equipment IPO opens on Dec 21, 2023. The closing date of Electro Force IPO and Supreme Power Equipment IPO is Dec 21, 2023, and Dec 26, 2023, respectively.
| Electro Force IPO | Supreme Power Equipment IPO | |
|---|---|---|
| Anchor Bid Date | Dec 20, 2023 | |
| Issue Open | Dec 19, 2023 | Dec 21, 2023 |
| Issue Close | Dec 21, 2023 | Dec 26, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 27, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 28, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 28, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 29, 2023 |
| Anchor Lockin End date 1 | Jan 26, 2024 | |
| Anchor Lockin End date 2 | Mar 26, 2024 |
Electro Force IPO P/E ratio is 20.22, as compared to Supreme Power Equipment IPO P/E ratio of 10.69.
| Electro Force IPO | Supreme Power Equipment IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Electro Force (India) Limited Financial Information (Restated)Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
| Supreme Power Equipment Limited Financial Information (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100.00 | 79.37 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.93 | 57.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.22 | 10.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹217.62 Cr. | ₹162.44 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.57% | 59.88% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 58.23% | 83.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.45 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.60 | ₹6.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.57% | 59.88% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Electro Force IPO Retail Individual Investors (RII) are offered 41,19,600 shares while in Supreme Power Equipment IPO retail investors are offered 41,19,600 shares. Qualified Institutional Buyers (QIB) are offered in Electro Force IPO and 12,50,000 shares in Supreme Power Equipment IPO.
| Electro Force IPO | Supreme Power Equipment IPO | |
|---|---|---|
| Anchor Investor Reserveration | 18,70,000 shares | |
| Market Maker Reserveration | 4,35,600 shares | 9,32,000 shares |
| QIB | 12,50,000 shares | |
| NII | 41,19,600 shares | 9,40,000 shares |
| RII | 41,19,600 shares | 21,88,000 shares |
| Employee | ||
| Others | ||
| Total | 82,39,200 shares | 62,48,000 shares |
Electro Force IPO subscribed 4.28x in total, whereas Supreme Power Equipment IPO subscribed 262.60x.
| Electro Force IPO | Supreme Power Equipment IPO | |
|---|---|---|
| QIB (times) | 88.98x | |
| NII (times) | 2.12x | 489.10x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 6.44x | 264.48x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.28x | 262.60x |
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