Net Avenue Technologies IPO vs Swashthik Plascon IPO

Comparison between Net Avenue Technologies IPO and Swashthik Plascon IPO.

IPO Details

Net Avenue Technologies IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Swashthik Plascon IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Net Avenue Technologies IPO is up to ₹9.73 Cr whereas the issue size of the Swashthik Plascon IPO is up to ₹38.71 Cr. The final issue price of Net Avenue Technologies IPO is ₹18.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

 Net Avenue Technologies IPOSwashthik Plascon IPO
Face Value₹1 per share₹10 per share
Issue Price (Lower)₹16.00 per share₹80.00 per share
Issue Price (Upper)₹18.00 per share₹86.00 per share
Issue Price (Final)₹18.00 per share₹86.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size8000 shares1600 shares
Fresh Issue Size54,08,000 shares45,00,800 shares
Fresh Issue Size (Amount)up to ₹9.73 Crup to ₹38.71 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total54,08,000 shares45,00,800 shares
Issue Size Total (Amount)up to ₹9.73 Crup to ₹38.71 Cr

IPO Timetable

Net Avenue Technologies IPO opens on Nov 30, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Net Avenue Technologies IPO and Swashthik Plascon IPO is Dec 04, 2023, and Nov 29, 2023, respectively.

 Net Avenue Technologies IPOSwashthik Plascon IPO
Anchor Bid DateNov 29, 2023Nov 23, 2023
Issue OpenNov 30, 2023Nov 24, 2023
Issue CloseDec 04, 2023Nov 29, 2023
Basis Of Allotment (Tentative)Dec 07, 2023Dec 04, 2023
Initiation of Refunds (Tentative)Dec 08, 2023Dec 05, 2023
Credit of Share (Tentative)Dec 11, 2023Dec 05, 2023
Listing date (Tentative)Dec 08, 2023Dec 05, 2023
Anchor Lockin End date 1Jan 06, 2024Jan 03, 2024
Anchor Lockin End date 2Mar 06, 2024Mar 03, 2024

Financials & KPIs

Net Avenue Technologies IPO P/E ratio is 8.57, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

 Net Avenue Technologies IPOSwashthik Plascon IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets13.1814.2012.957.70
Total Income7.8434.5132.7614.48
Profit After Tax0.941.762.620.23
NET Worth3.292.340.43-2.28
Reserves and Surplus3.072.110.20-2.51
Total Borrowing2.932.760.841.91
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 2023
Assets114.16110.76
Total Income69.7445.89
Profit After Tax5.283.02
NET Worth25.6420.37
Reserves and Surplus12.827.55
Total Borrowing62.3258.80
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)45.3160.00
Promoter Shareholding (Post-Issue)33.2843.81
P/E Ratio8.5717.23
Market Cap₹38.62 Cr.₹151.05 Cr.
ROE127.77%22.78%
ROCE5.28%17.30%
Debt/Equity1.182.89
EPS₹2.10₹4.99
RoNW75.53%14.95%

Shares Offered

In the Net Avenue Technologies IPO Retail Individual Investors (RII) are offered 18,96,000 shares while in Swashthik Plascon IPO retail investors are offered 18,96,000 shares. Qualified Institutional Buyers (QIB) are offered 10,80,000 shares in Net Avenue Technologies IPO and 9,00,800 shares in Swashthik Plascon IPO.

 Net Avenue Technologies IPOSwashthik Plascon IPO
Anchor Investor Reservation16,16,000 shares13,48,800 shares
Market Maker Reservation2,88,000 shares2,38,400 shares
QIB10,80,000 shares9,00,800 shares
NII8,16,000 shares6,75,200 shares
RII18,96,000 shares15,76,000 shares
Employee
Others
Total54,08,000 shares45,00,800 shares

Bids Received (Subscription)

Net Avenue Technologies IPO subscribed 511.21x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

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