Enser Communications IPO vs Omfurn India FPO

Comparision between Enser Communications IPO and Omfurn India FPO.

IPO Details

Enser Communications IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Omfurn India FPO is a SME Book Built Issue proposed to list at NSE SME.

	Enser Communications IPO	Omfurn India FPO
Logo
Issue Category	SME	SME
Issue Type	IPO	FPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Gretex Corporate Services Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	B.N. Rathi Securities Limited	Gretex Share 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 Enser Communications IPO is up to ₹16.17 Cr whereas the issue size of the Omfurn India FPO is up to ₹27.00 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Omfurn India FPO is ₹75.00 per share.

	Enser Communications IPO	Omfurn India FPO
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)	₹70.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2400 shares
Fresh Issue Size	23,10,000 shares	36,00,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹27.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	36,00,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹27.00 Cr

IPO Timetable

Enser Communications IPO opens on Mar 15, 2024, while Omfurn India FPO opens on Mar 20, 2024. The closing date of Enser Communications IPO and Omfurn India FPO is Mar 19, 2024, and Mar 22, 2024, respectively.

	Enser Communications IPO	Omfurn India FPO
Anchor Bid Date		Mar 19, 2024
Issue Open	Mar 15, 2024	Mar 20, 2024
Issue Close	Mar 19, 2024	Mar 22, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 26, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 27, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 27, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 28, 2024
Anchor Lockin End date 1		Apr 25, 2024
Anchor Lockin End date 2		Jun 24, 2024

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to Omfurn India FPO P/E ratio of 14.78.

Enser Communications IPO

Omfurn India FPO

Financial

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

Omfurn India Limited FPO Financial Information (Restated)

Omfurn India Limited FPO's revenue increased by 120.08% and profit after tax (PAT) rose by 593.65% 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	6,825.97	5,716.59	4,766.30	4,665.35
Revenue	4,474.78	7,108.10	3,229.79	2,184.54
Profit After Tax	289.16	414.87	59.81	-99.41
Net Worth	2,862.95	2,573.79	2,158.92	2,099.11
Reserves and Surplus	2,181.75	1,892.59	1,477.72	1,417.91
Total Borrowing	1,890.41	1,138.10	1,595.16	1,585.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.13%

73.40%

Promoter Shareholding (Post-Issue)

66.25%

50.96%

P/E Ratio

28.02

14.78

Market Cap

₹61.01 Cr.

₹88.31 Cr.

ROE

32.76%%

10.10%%

ROCE

34.61%%

10.28%%

Debt/Equity

EPS

₹2.50

₹5.08

RoNW

32.76%%

10.10%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in Omfurn India FPO retail investors are offered 10,96,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Enser Communications IPO and 11,73,600 shares in Omfurn India FPO.

	Enser Communications IPO	Omfurn India FPO
Anchor Investor Reserveration		5,35,200 shares
Market Maker Reserveration	1,18,000 shares	1,80,000 shares
QIB	0 shares	11,73,600 shares
NII	10,96,000 shares	5,13,600 shares
RII	10,96,000 shares	11,97,600 shares
Employee	0 shares	0 shares
Others
Total	21,92,000 shares	28,84,800 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas Omfurn India FPO subscribed 3.57x.

	Enser Communications IPO	Omfurn India FPO
QIB (times)		1.00x
NII (times)	3.64x	3.02x
Big NII (times)
Small NII (times)
RII (times)	10.92x	6.33x
Employee (times)
Other (times)
Total (times)	7.29x	3.57x

Compare with others

Enser Communications IPO	Omfurn India FPO
Vruddhi Engineering Works IPO	Radiowalla IPO
Naman In-Store (India) IPO	Aspire & Innovative IPO
Omfurn India FPO	Blue Pebble IPO
Vishwas Agri Seeds IPO	Vruddhi Engineering Works IPO
Chatha Foods IPO	Naman In-Store (India) IPO
Enfuse Solutions IPO	Vishwas Agri Seeds IPO
KP Green Engineering IPO	Chatha Foods IPO
Royal Sense IPO	Enser Communications IPO
AVP Infracon IPO	Enfuse Solutions IPO
Signoria Creation IPO	KP Green Engineering IPO

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