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Chetana Education IPO vs Esprit Stones IPO

Comparision between Chetana Education IPO and Esprit Stones IPO.

IPO Details

Chetana Education IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Esprit Stones IPO is a SME Book Built Issue proposed to list at NSE SME.

  Chetana Education IPO Esprit Stones IPO
Logo Chetana Education IPO Logo Esprit Stones IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Choice Capital Advisors Pvt Ltd

Srujan Alpha Capital Advisors Llp
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Market Maker Hem Finlease Private Limited Choice Equity Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Chetana Education IPO is up to ₹45.90 Cr whereas the issue size of the Esprit Stones IPO is up to ₹50.42 Cr. The final issue price of Chetana Education IPO is ₹85.00 per share and of Esprit Stones IPO is ₹87.00 per share.

  Chetana Education IPO Esprit Stones IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹80.00 per share ₹82.00 per share
Issue Price (Upper) ₹85.00 per share ₹87.00 per share
Issue Price (Final) ₹85.00 per share ₹87.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1600 shares
Fresh Issue Size 54,00,000 shares 57,95,200 shares
Fresh Issue Size (Amount) up to ₹45.90 Cr up to ₹50.42 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 54,00,000 shares 57,95,200 shares
Issue Size Total (Amount) up to ₹45.90 Cr up to ₹50.42 Cr

IPO Timetable

Chetana Education IPO opens on Jul 24, 2024, while Esprit Stones IPO opens on Jul 26, 2024. The closing date of Chetana Education IPO and Esprit Stones IPO is Jul 26, 2024, and Jul 30, 2024, respectively.

  Chetana Education IPO Esprit Stones IPO
Anchor Bid Date Jul 23, 2024 Jul 25, 2024
Issue Open Jul 24, 2024 Jul 26, 2024
Issue Close Jul 26, 2024 Jul 30, 2024
Basis Of Allotment (Tentative) Jul 29, 2024 Jul 31, 2024
Initiation of Refunds (Tentative) Jul 30, 2024 Aug 01, 2024
Credit of Share (Tentative) Jul 30, 2024 Aug 01, 2024
Listing date (Tentative) Jul 31, 2024 Aug 02, 2024
Anchor Lockin End date 1 Aug 28, 2024 Aug 30, 2024
Anchor Lockin End date 2 Oct 27, 2024 Oct 29, 2024

Financials

Chetana Education IPO P/E ratio is 10.59, as compared to Esprit Stones IPO P/E ratio of 13.62.

  Chetana Education IPO Esprit Stones IPO
Financial

Chetana Education Limited Financial Information (Restated Standalone)

Chetana Education Limited's revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets9,475.098,315.087,605.826,825.10
Revenue9,367.067,560.774,312.213,270.96
Profit After Tax1,203.47685.47168.06280.30
Net Worth2,524.552,281.921,947.332,091.10
Reserves and Surplus1,024.55
Total Borrowing5,128.734,299.503,876.033,487.85
Amount in ₹ Lakhs

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets27,459.3523,802.2418,069.74
Revenue27,477.8217,606.5219,002.60
Profit After Tax1,031.73355.721,850.53
Net Worth7,238.806,227.815,893.32
Reserves and Surplus5,623.805,277.814,943.32
Total Borrowing12,541.9111,879.555,799.76
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 73.53%
P/E Ratio 10.59 13.62
Market Cap ₹173.40 Cr. ₹190.92 Cr.
ROE 50.08%%
ROCE 26.87%% 12.39%%
Debt/Equity 1.72
EPS ₹8.02 ₹6.39
RoNW 47.67%% 15.09%%

Shares Offered

In the Chetana Education IPO retail investors (RII) are offered 17,95,200 shares while in Esprit Stones IPO retail investors are offered 17,95,200 shares. Qualified institutional buyers (QIB) are offered 10,25,600 shares in Chetana Education IPO and 10,75,200 shares in Esprit Stones IPO.

  Chetana Education IPO Esprit Stones IPO
Anchor Investor Reserveration 15,36,000 shares 16,12,800 shares
Market Maker Reserveration 2,73,600 shares 2,91,200 shares
QIB 10,25,600 shares 10,75,200 shares
NII 7,69,600 shares 8,06,400 shares
RII 17,95,200 shares 18,81,600 shares
Employee 0 shares 0 shares
Others
Total 35,90,400 shares 38,91,200 shares

Bids Received (Subscription)

Chetana Education IPO subscribed 196.87x in total, whereas Esprit Stones IPO subscribed 185.82x.

  Chetana Education IPO Esprit Stones IPO
QIB (times) 101.22x 117.63x
NII (times) 468.42x 399.58x
Big NII (times)
Small NII (times)
RII (times) 135.11x 145.75x
Employee (times)
Other (times)
Total (times) 196.87x 185.82x

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