Enfuse Solutions IPO vs Royal Sense IPO

Comparision between Enfuse Solutions IPO and Royal Sense IPO.

IPO Details

Enfuse Solutions IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Royal Sense IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Enfuse Solutions IPO	Royal Sense IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Expert Global Consultants Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Rikhav Securities 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 Enfuse Solutions IPO is up to ₹22.44 Cr whereas the issue size of the Royal Sense IPO is up to ₹9.86 Cr. The final issue price of Enfuse Solutions IPO is ₹96.00 per share and of Royal Sense IPO is ₹68.00 per share.

	Enfuse Solutions IPO	Royal Sense IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹91.00 per share
Issue Price (Upper)	₹96.00 per share
Issue Price (Final)	₹96.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	23,37,600 shares	14,50,000 shares
Fresh Issue Size (Amount)	up to ₹22.44 Cr	up to ₹9.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,37,600 shares	14,50,000 shares
Issue Size Total (Amount)	up to ₹22.44 Cr	up to ₹9.86 Cr

IPO Timetable

Enfuse Solutions IPO opens on Mar 15, 2024, while Royal Sense IPO opens on Mar 12, 2024. The closing date of Enfuse Solutions IPO and Royal Sense IPO is Mar 19, 2024, and Mar 14, 2024, respectively.

	Enfuse Solutions IPO	Royal Sense IPO
Anchor Bid Date	Mar 14, 2024
Issue Open	Mar 15, 2024	Mar 12, 2024
Issue Close	Mar 19, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 19, 2024
Anchor Lockin End date 1	Apr 19, 2024
Anchor Lockin End date 2	Jun 18, 2024

Financials

Enfuse Solutions IPO P/E ratio is 21.35, as compared to Royal Sense IPO P/E ratio of 33.33.

Enfuse Solutions IPO

Royal Sense 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

Royal Sense Limited Financial Information (Restated)

Period Ended	30 Sep 2023
Assets	569.87
Revenue	804.07
Profit After Tax	70.28
Net Worth	415.29
Reserves and Surplus	70.28
Total Borrowing	27.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

73.58%

67.15%

P/E Ratio

21.35

33.33

Market Cap

₹84.94 Cr.

₹33.32 Cr.

ROE

39.88%%

17.00%%

ROCE

24.05%%

23.00%%

Debt/Equity

EPS

₹4.50

₹2.04

RoNW

33.25%%

17.00%%

Shares Offered

In the Enfuse Solutions IPO retail investors (RII) are offered 7,76,400 shares while in Royal Sense IPO retail investors are offered 7,76,400 shares. Qualified institutional buyers (QIB) are offered 4,44,000 shares in Enfuse Solutions IPO and 0 shares in Royal Sense IPO.

	Enfuse Solutions IPO	Royal Sense IPO
Anchor Investor Reserveration	6,63,600 shares
Market Maker Reserveration	1,20,000 shares	1,60,000 shares
QIB	4,44,000 shares	0 shares
NII	3,33,600 shares	6,45,000 shares
RII	7,76,400 shares	6,45,000 shares
Employee	0 shares	0 shares
Others
Total	15,54,000 shares	12,90,000 shares

Bids Received (Subscription)

Enfuse Solutions IPO subscribed 357.31x in total, whereas Royal Sense IPO subscribed 8.52x.

	Enfuse Solutions IPO	Royal Sense IPO
QIB (times)	99.97x
NII (times)	953.22x	9.72x
Big NII (times)
Small NII (times)
RII (times)	248.42x	7.32x
Employee (times)
Other (times)
Total (times)	357.31x	8.52x

Compare with others

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

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