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Indifra IPO vs Supreme Power Equipment IPO

Comparison between Indifra IPO and Supreme Power Equipment IPO.

IPO Details

Indifra 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.

 Indifra IPOSupreme Power Equipment IPO
LogoIndifra IPO LogoSupreme Power Equipment IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarKfin Technologies Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Share India Securities 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 Indifra IPO is up to ₹13.34 Cr whereas the issue size of the Supreme Power Equipment IPO is up to ₹40.61 Cr. The final issue price of Indifra IPO is ₹65.00 per share and of Supreme Power Equipment IPO is ₹65.00 per share.

 Indifra 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)₹65.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size20,52,000 shares62,48,000 shares
Fresh Issue Size (Amount)up to ₹13.34 Crup to ₹40.61 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,52,000 shares62,48,000 shares
Issue Size Total (Amount)up to ₹13.34 Crup to ₹40.61 Cr

IPO Timetable

Indifra IPO opens on Dec 21, 2023, while Supreme Power Equipment IPO opens on Dec 21, 2023. The closing date of Indifra IPO and Supreme Power Equipment IPO is Dec 26, 2023, and Dec 26, 2023, respectively.

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

Financials & KPIs

Indifra IPO P/E ratio is 11.23, as compared to Supreme Power Equipment IPO P/E ratio of 10.69.

 Indifra IPOSupreme Power Equipment IPO
Financials

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets630.24312.46420.10229.63
Total Income64.281,001.691,092.41306.54
Profit After Tax3.5499.0839.9410.51
Net Worth533.25169.7070.6230.68
Reserves and Surplus20.25168.7069.6229.68
Total Borrowing38.2650.6145.05
Amount in ₹ Lakhs

Supreme Power Equipment Limited Financial Information (Restated Consolidated)

Period Ended31 Jul 202331 Mar 2023
Assets9,187.166,901.04
Total Income3,927.619,990.85
Profit After Tax503.161,107.88
Net Worth2,298.261,805.69
Reserves and Surplus1,902.461,409.89
Total Borrowing2,153.821,999.74
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)9679.37
Promoter Shareholding (Post-Issue)67.5557.54
P/E Ratio11.2310.69
Market Cap₹47.39 Cr.₹162.44 Cr.
ROE82.45%59.88%
ROCE86.21%83.01%
Debt/Equity0.45
EPS₹5.79₹6.08
RoNW82.45%59.88%

Shares Offered

In the Indifra IPO Retail Individual Investors (RII) are offered 10,26,000 shares while in Supreme Power Equipment IPO retail investors are offered 10,26,000 shares. Qualified Institutional Buyers (QIB) are offered in Indifra IPO and 12,50,000 shares in Supreme Power Equipment IPO.

 Indifra IPOSupreme Power Equipment IPO
Anchor Investor Reserveration18,70,000 shares
Market Maker Reserveration1,08,000 shares9,32,000 shares
QIB12,50,000 shares
NII10,26,000 shares9,40,000 shares
RII10,26,000 shares21,88,000 shares
Employee
Others
Total20,52,000 shares62,48,000 shares

Bids Received (Subscription)

Indifra IPO subscribed 7.21x in total, whereas Supreme Power Equipment IPO subscribed 262.60x.

 Indifra IPOSupreme Power Equipment IPO
QIB (times)88.98x
NII (times)2.34x489.10x
Big NII (times)
Small NII (times)
RII (times)12.07x264.48x
Employee (times)
Other (times)
Total (times)7.21x262.60x