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Electro Force IPO vs Supreme Power Equipment IPO

Comparison between Electro Force IPO and Supreme Power Equipment IPO.

IPO Details

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 IPOSupreme Power Equipment IPO
LogoElectro Force IPO LogoSupreme Power Equipment IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFirst Overseas Capital Ltd.Narnolia Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerArham Shares Pvt.Ltd.Share India Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOSupreme 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
Market Lot Size1200 shares2000 shares
Fresh Issue Size55,64,400 shares62,48,000 shares
Fresh Issue Size (Amount)up to ₹51.75 Crup to ₹40.61 Cr
OFS Issue Size26,74,800 shares0 shares
OFS Issue Size (Amount)up to ₹24.88 Crup to ₹0.00 Cr
Issue Size Total82,39,200 shares62,48,000 shares
Issue Size Total (Amount)up to ₹76.62 Crup to ₹40.61 Cr

IPO Timetable

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 IPOSupreme Power Equipment IPO
Anchor Bid DateDec 20, 2023
Issue OpenDec 19, 2023Dec 21, 2023
Issue CloseDec 21, 2023Dec 26, 2023
Basis Of Allotment (Tentative)Dec 22, 2023Dec 27, 2023
Initiation of Refunds (Tentative)Dec 26, 2023Dec 28, 2023
Credit of Share (Tentative)Dec 26, 2023Dec 28, 2023
Listing date (Tentative)Dec 27, 2023Dec 29, 2023
Anchor Lockin End date 1Jan 26, 2024
Anchor Lockin End date 2Mar 26, 2024

Financials & KPIs

Electro Force IPO P/E ratio is 20.22, as compared to Supreme Power Equipment IPO P/E ratio of 10.69.

 Electro Force IPOSupreme Power Equipment IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets78.2772.3247.8317.20
Total Income23.1430.2934.4415.87
Profit After Tax7.118.008.64-2.24
NET Worth25.4618.3510.361.71
Reserves and Surplus8.060.955.36-3.29
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Jul 202331 Mar 2023
Assets91.8769.01
Total Income39.2899.91
Profit After Tax5.0311.08
NET Worth22.9818.06
Reserves and Surplus19.0214.10
Total Borrowing21.5420.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%79.37%
Promoter Shareholding (Post-Issue)62.93%56.56%
P/E Ratio20.2210.69
Market Cap₹217.62 Cr.₹162.44 Cr.
ROE43.5759.88
ROCE58.2383.01
Debt/Equity0.45
EPS₹4.60₹6.08
RoNW43.5759.88

Shares Offered

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 0 shares in Electro Force IPO and 12,50,000 shares in Supreme Power Equipment IPO.

 Electro Force IPOSupreme Power Equipment IPO
Anchor Investor Reservation0 shares18,70,000 shares
Market Maker Reservation4,35,600 shares9,32,000 shares
QIB0 shares12,50,000 shares
NII41,19,600 shares9,40,000 shares
RII41,19,600 shares21,88,000 shares
Employee0 shares
Total82,39,200 shares62,48,000 shares

Bids Received (Subscription)

Electro Force IPO subscribed 4.28x in total, whereas Supreme Power Equipment IPO subscribed 184.00x.

 Electro Force IPOSupreme Power Equipment IPO
QIB (times)88.98x
NII (times)2.12x489.10x
RII (times)6.44x264.48x
Total (times)4.28x184.00x

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Trident Techlabs IPOSahara Maritime IPO
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Compare:

Electro Force IPO Vs Supreme Power Equipment IPO