Electro Force India IPO vs Sameera Agro IPO

Comparision between Electro Force India IPO and Sameera Agro IPO.

IPO Details

Electro Force India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sameera Agro IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Electro Force India IPO	Sameera Agro IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	First Overseas Capital Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Arham Shares Private Limited	Svcm Securities Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the Sameera Agro IPO is up to ₹62.64 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of Sameera Agro IPO is ₹180.00 per share.

	Electro Force India IPO	Sameera Agro IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹93.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	800 shares
Fresh Issue Size	60,00,000 shares	34,80,000 shares
Fresh Issue Size (Amount)	up to ₹55.80 Cr	up to ₹62.64 Cr
OFS Issue Size	26,74,800 shares
OFS Issue Size (Amount)	up to ₹24.88 Cr
Issue Size Total	86,74,800 shares	34,80,000 shares
Issue Size Total (Amount)	up to ₹80.68 Cr	up to ₹62.64 Cr

IPO Timetable

Electro Force India IPO opens on Dec 19, 2023, while Sameera Agro IPO opens on Dec 21, 2023. The closing date of Electro Force India IPO and Sameera Agro IPO is Dec 21, 2023, and Dec 27, 2023, respectively.

	Electro Force India IPO	Sameera Agro IPO
Anchor Bid Date
Issue Open	Dec 19, 2023	Dec 21, 2023
Issue Close	Dec 21, 2023	Dec 27, 2023
Basis Of Allotment (Tentative)	Dec 22, 2023	Dec 28, 2023
Initiation of Refunds (Tentative)	Dec 26, 2023	Dec 29, 2023
Credit of Share (Tentative)	Dec 26, 2023	Dec 29, 2023
Listing date (Tentative)	Dec 27, 2023	Jan 01, 2024
Anchor Lockin End date 1	Jan 21, 2024	Jan 27, 2024
Anchor Lockin End date 2	Mar 21, 2024	Mar 27, 2024

Financials

Electro Force India IPO P/E ratio is 20.22, as compared to Sameera Agro IPO P/E ratio of 15.11.

Electro Force India IPO

Sameera Agro IPO

Financial

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,827.00	7,231.51	4,783.37	1,719.96
Revenue	2,314.19	3,028.81	3,443.55	1,587.13
Profit After Tax	711.08	799.60	864.26	-223.69
Net Worth	2,546.41	1,835.33	1,035.73	171.47
Reserves and Surplus	806.41	95.33	535.73	-328.53
Total Borrowing
Amount in ₹ Lakhs

Sameera Agro And Infra Limited Financial Information (Restated)

Sameera Agro And Infra Limited's revenue increased by 31.79% and profit after tax (PAT) rose by 266.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,053.48	5,808.94	4,022.60	3,630.77
Revenue	9,436.52	13,881.83	10,533.56	8,009.53
Profit After Tax	692.19	1,003.73	274.17	122.15
Net Worth	2,569.66	1,877.47	873.74	599.57
Reserves and Surplus	1,726.68	1,034.49	452.25	178.08
Total Borrowing	323.12	323.12	323.12	75.45
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

97.49%

Promoter Shareholding (Post-Issue)

62.93%

69.00%

P/E Ratio

20.22

15.11

Market Cap

₹217.62 Cr.

₹214.38 Cr.

ROE

43.57%%

53.46%%

ROCE

58.23%%

64.17%%

Debt/Equity

0.29

EPS

₹4.60

₹11.91

RoNW

43.57%%

53.46%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in Sameera Agro IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 0 shares in Sameera Agro IPO.

	Electro Force India IPO	Sameera Agro IPO
Anchor Investor Reserveration
Market Maker Reserveration	4,35,600 shares	1,84,000 shares
QIB	0 shares	0 shares
NII	41,19,600 shares	16,48,000 shares
RII	41,19,600 shares	16,48,000 shares
Employee	0 shares	0 shares
Others
Total	82,39,200 shares	32,96,000 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas Sameera Agro IPO subscribed 2.92x.

	Electro Force India IPO	Sameera Agro IPO
QIB (times)
NII (times)	2.12x	1.70x
Big NII (times)
Small NII (times)
RII (times)	6.44x	4.14x
Employee (times)
Other (times)
Total (times)	4.28x	2.92x

Compare with others

Electro Force India IPO	Sameera Agro IPO
AIK Pipes And Polymers IPO	MCPL IPO
Indifra IPO	Kay Cee Energy & Infra IPO
Sameera Agro IPO	Balaji Valve Components IPO
Supreme Power Equipment IPO	AIK Pipes And Polymers IPO
Sahara Maritime IPO	Indifra IPO
Trident Techlabs IPO	Supreme Power Equipment IPO
Shree OSFM E-Mobility IPO	Sahara Maritime IPO
Siyaram Recycling IPO	Electro Force India IPO
Presstonic Engineering IPO	Trident Techlabs IPO
S J Logistics IPO	Shree OSFM E-Mobility IPO

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