Enfuse Solutions IPO vs KP Green Engineering IPO

Comparision between Enfuse Solutions IPO and KP Green Engineering IPO.

IPO Details

Enfuse Solutions IPO is a SME Book Built Issue IPO proposed to list at NSE SME while KP Green Engineering IPO is a SME Book Built Issue proposed to list at BSE SME.

	Enfuse Solutions IPO	KP Green Engineering IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Spread X Securities 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 Enfuse Solutions IPO is up to ₹22.44 Cr whereas the issue size of the KP Green Engineering IPO is up to ₹189.50 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of KP Green Engineering IPO is ₹144.00 per share.

	Enfuse Solutions IPO	KP Green Engineering IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹91.00 per share	₹137.00 per share
Issue Price (Upper)	₹96.00 per share	₹144.00 per share
Issue Price (Final)	₹96.00 per share	₹144.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	23,37,600 shares	1,31,60,000 shares
Fresh Issue Size (Amount)	up to ₹22.44 Cr	up to ₹189.50 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,37,600 shares	1,31,60,000 shares
Issue Size Total (Amount)	up to ₹22.44 Cr	up to ₹189.50 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while KP Green Engineering IPO opens on Mar 15, 2024. The closing date of Enfuse Solutions IPO and KP Green Engineering IPO is Mar 19, 2024, and Mar 19, 2024, respectively.

	Enfuse Solutions IPO	KP Green Engineering IPO
Anchor Bid Date	Mar 14, 2024	Mar 13, 2024
Issue Open	Mar 15, 2024	Mar 15, 2024
Issue Close	Mar 19, 2024	Mar 19, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 20, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 21, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 21, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 22, 2024
Anchor Lockin End date 1	Apr 19, 2024	Apr 19, 2024
Anchor Lockin End date 2	Jun 18, 2024	Jun 18, 2024

Financials

Enfuse Solutions IPO P/E ratio is 21.35, as compared to KP Green Engineering IPO P/E ratio of 42.8.

Enfuse Solutions IPO

KP Green Engineering IPO

Financial

Enfuse Solutions Limited Financial Information (Restated)

Enfuse Solutions Limited's revenue increased by 2.1% and profit after tax (PAT) rose by 47.76% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,547.23	1,164.71	889.80	460.80
Revenue	2,805.28	2,610.42	2,556.64	1,720.26
Profit After Tax	322.50	292.73	198.11	155.43
Net Worth	969.95	646.45	353.72	155.60
Reserves and Surplus	318.95
Total Borrowing	905.75	242.09	234.08
Amount in ₹ Lakhs

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	13,635.62	9,506.65
Revenue	10,413.64	11,478.50
Profit After Tax	1,126.64	1,239.45
Reserves and Surplus	2,624.03	3,177.38
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

90.37%

Promoter Shareholding (Post-Issue)

73.58%

66.59%

P/E Ratio

21.35

42.8

Market Cap

₹84.94 Cr.

₹720.00 Cr.

ROE

39.88%%

29.24%%

ROCE

24.05%%

23.05%%

Debt/Equity

1.11

EPS

₹4.50

₹3.36

RoNW

33.25%%

25.51%%

Shares Offered

In the Enfuse Solutions IPO retail investors (RII) are offered 7,76,400 shares while in KP Green Engineering IPO retail investors are offered 7,76,400 shares. Qualified institutional buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 25,00,000 shares in KP Green Engineering IPO.

	Enfuse Solutions IPO	KP Green Engineering IPO
Anchor Investor Reserveration	6,63,600 shares	37,50,000 shares
Market Maker Reserveration	1,20,000 shares	6,58,000 shares
QIB	4,44,000 shares	25,00,000 shares
NII	3,33,600 shares	18,76,000 shares
RII	7,76,400 shares	43,76,000 shares
Employee	0 shares	0 shares
Others
Total	15,54,000 shares	87,52,000 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas KP Green Engineering IPO subscribed 29.50x.

	Enfuse Solutions IPO	KP Green Engineering IPO
QIB (times)	99.97x	31.86x
NII (times)	953.22x	48.23x
Big NII (times)
Small NII (times)
RII (times)	248.42x	20.12x
Employee (times)
Other (times)
Total (times)	357.31x	29.50x

Compare with others

Enfuse Solutions IPO	KP Green Engineering IPO
Naman In-Store (India) IPO	Omfurn India FPO
Omfurn India FPO	Vishwas Agri Seeds IPO
Vishwas Agri Seeds IPO	Chatha Foods IPO
Chatha Foods IPO	Enser Communications IPO
Enser Communications IPO	Enfuse Solutions IPO
KP Green Engineering IPO	Royal Sense IPO
Royal Sense IPO	AVP Infracon IPO
AVP Infracon IPO	Signoria Creation IPO
Signoria Creation IPO	Pratham EPC Projects IPO
Pratham EPC Projects IPO	Koura Fine Diamond Jewelry IPO

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