E Factor Experiences IPO vs Plada Infotech Services IPO

Comparision between E Factor Experiences IPO and Plada Infotech Services IPO.

IPO Details

E Factor Experiences IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Plada Infotech Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	E Factor Experiences IPO	Plada Infotech Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Limited	Indorient Financial Services Ltd
Registrar	Maashitla Securities Private Limited	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of E Factor Experiences IPO is up to ₹25.92 Cr whereas the issue size of the Plada Infotech Services IPO is up to ₹12.36 Cr. The final issue price of E Factor Experiences IPO is ₹75.00 per share and of Plada Infotech Services IPO is ₹48.00 per share.

	E Factor Experiences IPO	Plada Infotech Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹48.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	34,56,000 shares	25,74,000 shares
Fresh Issue Size (Amount)	up to ₹25.92 Cr	up to ₹12.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	34,56,000 shares	25,74,000 shares
Issue Size Total (Amount)	up to ₹25.92 Cr	up to ₹12.36 Cr

IPO Timetable

E Factor Experiences IPO opens on Sep 27, 2023, while Plada Infotech Services IPO opens on Sep 29, 2023. The closing date of E Factor Experiences IPO and Plada Infotech Services IPO is Oct 03, 2023, and Oct 05, 2023, respectively.

	E Factor Experiences IPO	Plada Infotech Services IPO
Anchor Bid Date	Sep 26, 2023
Issue Open	Sep 27, 2023	Sep 29, 2023
Issue Close	Oct 03, 2023	Oct 05, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 09, 2023
Initiation of Refunds (Tentative)	Oct 07, 2023	Oct 10, 2023
Credit of Share (Tentative)	Oct 08, 2023	Oct 11, 2023
Listing date (Tentative)	Oct 09, 2023	Oct 13, 2023
Anchor Lockin End date 1	Nov 05, 2023	Nov 08, 2023
Anchor Lockin End date 2	Jan 04, 2024	Jan 07, 2024

Financials

E Factor Experiences IPO P/E ratio is 9.59, as compared to Plada Infotech Services IPO P/E ratio of 12.31.

E Factor Experiences IPO

Plada Infotech Services IPO

Financial

E Factor Experiences IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,581.94	4,916.87	5,674.80
Revenue	990.56	5,700.24	11,945.21
Profit After Tax	123.39	255.73	761.35
Net Worth	96.96	351.85	1,101.67
Reserves and Surplus	-247.04	5.36	138.46
Total Borrowing	683.23	590.95	912.74

Amount in ₹ Lakhs

Plada Infotech Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,711.29	2,760.03	2,720.30	2,811.09
Revenue	5,068.20	4,460.86	4,887.39	6,275.12
Profit After Tax	119.93	66.71	109.87	233.82
Net Worth	342.60	408.44	518.10	752.70
Reserves and Surplus	341.60	407.44	498.10	552.70
Total Borrowing	1,989.85	1,952.59	1,771.67	1,654.13

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

89.50%

Promoter Shareholding (Post-Issue)

73.59%

62.64%

P/E Ratio

9.59

12.31

Market Cap

₹98.16 Cr.

₹41.16 Cr.

ROE

103.79%%

37%%

ROCE

54.85%%

21%%

Debt/Equity

0.83

2.2

EPS

₹7.82

₹3.90

RoNW

68.35%%

31.07%%

Shares Offered

In the E Factor Experiences IPO retail investors (RII) are offered 11,48,800 shares while in Plada Infotech Services IPO retail investors are offered 11,48,800 shares. Qualified institutional buyers (QIB) are offered 6,56,000 shares in E Factor Experiences IPO and 0 shares in Plada Infotech Services IPO.

	E Factor Experiences IPO	Plada Infotech Services IPO
Anchor Investor Reserveration	9,84,000 shares
Market Maker Reserveration	1,74,400 shares	1,29,000 shares
QIB	6,56,000 shares	0 shares
NII	4,92,800 shares	12,22,500 shares
RII	11,48,800 shares	12,22,500 shares
Employee	0 shares	0 shares
Others
Total	22,97,600 shares	24,45,000 shares

Bids Received (Subscription)

E Factor Experiences IPO subscribed 73.14x in total, whereas Plada Infotech Services IPO subscribed 57.85x.

	E Factor Experiences IPO	Plada Infotech Services IPO
QIB (times)	46.09x
NII (times)	168.26x	39.81x
Big NII (times)
Small NII (times)
RII (times)	47.78x	73.78x
Employee (times)
Other (times)
Total (times)	73.14x	57.85x

Compare with others

E Factor Experiences IPO	Plada Infotech Services IPO
Vinyas Innovative Technologies IPO	Karnika Industries IPO
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Arabian Petroleum IPO	Kontor Space IPO
Newjaisa Technologies IPO	Vishnusurya Projects and Infra IPO
Inspire Films IPO	E Factor Experiences IPO
Goyal Salt IPO	Rajgor Castor Derivatives IPO

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