AVP Infracon IPO vs Enser Communications IPO

Comparision between AVP Infracon IPO and Enser Communications IPO.

IPO Details

AVP Infracon IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Enser Communications IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	AVP Infracon IPO	Enser Communications IPO
Logo	$AVP Infracon IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Fast Track Finsec Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Share India Securities Limited	B.N. Rathi 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 AVP Infracon IPO is up to ₹52.34 Cr whereas the issue size of the Enser Communications IPO is up to ₹16.17 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Enser Communications IPO is ₹70.00 per share.

	AVP Infracon IPO	Enser Communications 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	₹70.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	69,79,200 shares	23,10,000 shares
Fresh Issue Size (Amount)	up to ₹52.34 Cr	up to ₹16.17 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,79,200 shares	23,10,000 shares
Issue Size Total (Amount)	up to ₹52.34 Cr	up to ₹16.17 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Enser Communications IPO opens on Mar 15, 2024. The closing date of AVP Infracon IPO and Enser Communications IPO is Mar 15, 2024, and Mar 19, 2024, respectively.

	AVP Infracon IPO	Enser Communications IPO
Anchor Bid Date	Mar 12, 2024
Issue Open	Mar 13, 2024	Mar 15, 2024
Issue Close	Mar 15, 2024	Mar 19, 2024
Basis Of Allotment (Tentative)	Mar 18, 2024	Mar 20, 2024
Initiation of Refunds (Tentative)	Mar 19, 2024	Mar 21, 2024
Credit of Share (Tentative)	Mar 19, 2024	Mar 21, 2024
Listing date (Tentative)	Mar 20, 2024	Mar 22, 2024
Anchor Lockin End date 1	Apr 17, 2024
Anchor Lockin End date 2	Jun 16, 2024

Financials

AVP Infracon IPO P/E ratio is 11.2, as compared to Enser Communications IPO P/E ratio of 28.02.

AVP Infracon IPO

Enser Communications IPO

Financial

AVP Infracon Limited Financial Information (Restated Consolidated)

Period Ended	31 Oct 2023	31 Mar 2023
Assets	17,232.87	14,670.84
Revenue	7,411.90	11,550.09
Profit After Tax	855.78	1,205.31
Net Worth	3,405.31	2,549.66
Reserves and Surplus	1,605.31	2,069.66
Total Borrowing	7,791.95	6,729.31
Amount in ₹ Lakhs

Enser Communications Limited Financial Information (Restated)

Enser Communications Limited's revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% 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	1,799.26	1,383.92	870.42	662.41
Revenue	1,815.89	2,590.97	1,686.47	961.30
Profit After Tax	213.98	160.06	77.92	-11.74
Net Worth	653.24	394.78	234.71	156.78
Reserves and Surplus	652.17	393.78	233.71	155.78
Total Borrowing	709.09	631.88	309.37	276.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.5%

90.13%

Promoter Shareholding (Post-Issue)

62.33%

66.25%

P/E Ratio

11.2

28.02

Market Cap

₹187.34 Cr.

₹61.01 Cr.

ROE

25.05%%

32.76%%

ROCE

22.63%%

34.61%%

Debt/Equity

1.96

EPS

₹6.70

₹2.50

RoNW

25.05%%

32.76%%

Shares Offered

In the AVP Infracon IPO retail investors (RII) are offered 21,90,400 shares while in Enser Communications IPO retail investors are offered 21,90,400 shares. Qualified institutional buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 0 shares in Enser Communications IPO.

	AVP Infracon IPO	Enser Communications IPO
Anchor Investor Reserveration	18,70,400 shares
Market Maker Reserveration	7,31,200 shares	1,18,000 shares
QIB	12,48,000 shares	0 shares
NII	9,39,200 shares	10,96,000 shares
RII	21,90,400 shares	10,96,000 shares
Employee	0 shares	0 shares
Others
Total	43,77,600 shares	21,92,000 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Enser Communications IPO subscribed 7.29x.

	AVP Infracon IPO	Enser Communications IPO
QIB (times)	1.05x
NII (times)	46.15x	3.64x
Big NII (times)
Small NII (times)
RII (times)	22.49x	10.92x
Employee (times)
Other (times)
Total (times)	21.45x	7.29x

Compare with others

AVP Infracon IPO	Enser Communications IPO
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Enser Communications IPO	Naman In-Store (India) IPO
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Koura Fine Diamond Jewelry IPO	Royal Sense IPO
Shree Karni Fabcom IPO	AVP Infracon IPO
V R Infraspace IPO	Signoria Creation IPO

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