Innovatus Entertainment Networks IPO vs Vinsys IT IPO

Comparison between Innovatus Entertainment Networks IPO and Vinsys IT IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Vinsys IT IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Innovatus Entertainment Networks IPO is up to ₹7.35 Cr whereas the issue size of the Vinsys IT IPO is up to ₹47.35 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Vinsys IT IPO is ₹128.00 per share.

 Innovatus Entertainment Networks IPOVinsys IT IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹121.00 per share
Issue Price (Upper)₹128.00 per share
Issue Price (Final)₹50.00 per share₹128.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1000 shares
Fresh Issue Size14,70,000 shares36,99,000 shares
Fresh Issue Size (Amount)up to ₹7.35 Crup to ₹47.35 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total14,70,000 shares36,99,000 shares
Issue Size Total (Amount)up to ₹7.35 Crup to ₹47.35 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Vinsys IT IPO opens on Aug 01, 2023. The closing date of Innovatus Entertainment Networks IPO and Vinsys IT IPO is Jul 27, 2023, and Aug 04, 2023, respectively.

 Innovatus Entertainment Networks IPOVinsys IT IPO
Anchor Bid DateJul 31, 2023
Issue OpenJul 25, 2023Aug 01, 2023
Issue CloseJul 27, 2023Aug 04, 2023
Basis Of Allotment (Tentative)Aug 01, 2023Aug 09, 2023
Initiation of Refunds (Tentative)Aug 02, 2023Aug 10, 2023
Credit of Share (Tentative)Aug 03, 2023Aug 11, 2023
Listing date (Tentative)Aug 04, 2023Aug 11, 2023
Anchor Lockin End date 1Sep 08, 2023
Anchor Lockin End date 2Nov 07, 2023

Financials & KPIs

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Vinsys IT IPO P/E ratio of 12.51.

 Innovatus Entertainment Networks IPOVinsys IT IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets8.235.315.984.49
Total Income10.947.887.8410.42
Profit After Tax0.480.300.330.29
NET Worth4.832.352.051.72
Reserves and Surplus2.420.342.041.71
Total Borrowing1.521.521.520.00
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets72.9434.9327.40
Total Income96.3232.0320.41
Profit After Tax15.01-0.520.35
NET Worth24.737.167.74
Reserves and Surplus14.736.166.74
Total Borrowing23.1120.5014.27
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9792.74
Promoter Shareholding (Post-Issue)60.8768.13
P/E Ratio4112.51
Market Cap₹19.79 Cr.₹187.88 Cr.
ROE9.9894.17
ROCE11.3251.46
Debt/Equity0.320.93
EPS₹2.00₹15.01
RoNW9.9860.72

Shares Offered

In the Innovatus Entertainment Networks IPO Retail Individual Investors (RII) are offered 7,35,000 shares while in Vinsys IT IPO retail investors are offered 7,35,000 shares. Qualified Institutional Buyers (QIB) are offered in Innovatus Entertainment Networks IPO and 7,40,000 shares in Vinsys IT IPO.

 Innovatus Entertainment Networks IPOVinsys IT IPO
Anchor Investor Reservation11,08,000 shares
Market Maker Reservation78,000 shares1,95,000 shares
QIB7,40,000 shares
NII7,35,000 shares5,56,000 shares
RII7,35,000 shares12,95,000 shares
Employee
Others
Total14,70,000 shares36,99,000 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Vinsys IT IPO subscribed 89.00x.

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