Emmforce Autotech IPO vs Teerth Gopicon IPO

Comparision between Emmforce Autotech IPO and Teerth Gopicon IPO.

IPO Details

Emmforce Autotech IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Teerth Gopicon IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Emmforce Autotech IPO	Teerth Gopicon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Giriraj Stock Broking Private 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 Emmforce Autotech IPO is up to ₹53.90 Cr whereas the issue size of the Teerth Gopicon IPO is up to ₹44.40 Cr. The final issue price of Emmforce Autotech IPO is ₹98.00 per share and of Teerth Gopicon IPO is ₹111.00 per share.

	Emmforce Autotech IPO	Teerth Gopicon IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹93.00 per share
Issue Price (Upper)	₹98.00 per share
Issue Price (Final)	₹98.00 per share	₹111.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	54,99,600 shares	39,99,600 shares
Fresh Issue Size (Amount)	up to ₹53.90 Cr	up to ₹44.40 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,99,600 shares	39,99,600 shares
Issue Size Total (Amount)	up to ₹53.90 Cr	up to ₹44.40 Cr

IPO Timetable

Emmforce Autotech IPO opens on Apr 23, 2024, while Teerth Gopicon IPO opens on Apr 08, 2024. The closing date of Emmforce Autotech IPO and Teerth Gopicon IPO is Apr 25, 2024, and Apr 10, 2024, respectively.

	Emmforce Autotech IPO	Teerth Gopicon IPO
Anchor Bid Date	Apr 22, 2024
Issue Open	Apr 23, 2024	Apr 08, 2024
Issue Close	Apr 25, 2024	Apr 10, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	Apr 12, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	Apr 15, 2024
Credit of Share (Tentative)	Apr 29, 2024	Apr 15, 2024
Listing date (Tentative)	Apr 30, 2024	Apr 16, 2024
Anchor Lockin End date 1	May 26, 2024
Anchor Lockin End date 2	Jul 25, 2024

Financials

Emmforce Autotech IPO P/E ratio is 33.5, as compared to Teerth Gopicon IPO P/E ratio of 49.55.

Emmforce Autotech IPO

Teerth Gopicon IPO

Financial

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,597.13	4,895.40	5,257.36	3,384.41
Revenue	4,790.31	4,875.32	7,138.13	5,185.32
Profit After Tax	511.78	438.85	732.58	508.91
Net Worth	1,500.00	2,344.95	2,129.09	1,524.82
Reserves and Surplus	43.72
Total Borrowing	2,404.25	1,535.43	1,651.09	501.70
Amount in ₹ Lakhs

Teerth Gopicon Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,719.79	4,743.30	4,277.16	3,115.47
Revenue	6,970.02	3,914.87	3,120.77	4,620.74
Profit After Tax	784.04	179.22	15.27	46.45
Net Worth	1,572.74	788.70	609.49	594.22
Reserves and Surplus	772.74	288.70	109.49	94.22
Total Borrowing	937.18	337.98	1,365.50	933.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

96.5%

Promoter Shareholding (Post-Issue)

73.17%

64.33%

P/E Ratio

33.5

49.55

Market Cap

₹200.90 Cr.

₹133.20 Cr.

ROE

66.40%%

ROCE

48.40%%

Debt/Equity

0.6

EPS

₹2.93

₹2.24

RoNW

2.83%

22.72%%

Shares Offered

In the Emmforce Autotech IPO retail investors (RII) are offered 18,28,800 shares while in Teerth Gopicon IPO retail investors are offered 18,28,800 shares. Qualified institutional buyers (QIB) are offered 10,45,200 shares in Emmforce Autotech IPO and 0 shares in Teerth Gopicon IPO.

	Emmforce Autotech IPO	Teerth Gopicon IPO
Anchor Investor Reserveration	15,66,000 shares
Market Maker Reserveration	2,76,000 shares	2,00,400 shares
QIB	10,45,200 shares	0 shares
NII	7,83,600 shares	18,99,600 shares
RII	18,28,800 shares	18,99,600 shares
Employee	0 shares	0 shares
Others
Total	36,57,600 shares	37,99,200 shares

Bids Received (Subscription)

Emmforce Autotech IPO subscribed 364.37x in total, whereas Teerth Gopicon IPO subscribed 75.54x.

	Emmforce Autotech IPO	Teerth Gopicon IPO
QIB (times)	160.58x
NII (times)	861.98x	97.12x
Big NII (times)
Small NII (times)
RII (times)	267.62x	44.33x
Employee (times)
Other (times)
Total (times)	364.37x	75.54x

Compare with others

Emmforce Autotech IPO	Teerth Gopicon IPO
Mandeep Auto Industries IPO	Emmforce Autotech IPO
ABS Marine Services IPO	Birdy's IPO
Shivam Chemicals IPO	Greenhitech Ventures IPO
Varyaa Creations IPO	Finelistings Technologies IPO
Faalcon Concepts IPO	Ramdevbaba Solvent IPO
Birdy's IPO	DCG Cables & Wires IPO
Greenhitech Ventures IPO	Creative Graphics Solutions India IPO
Finelistings Technologies IPO	K2 Infragen IPO
Ramdevbaba Solvent IPO	Aluwind Architectural IPO
Teerth Gopicon IPO	Jay Kailash Namkeen IPO

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