Enser Communications IPO vs Royal Sense IPO

Comparision between Enser Communications IPO and Royal Sense IPO.

IPO Details

Enser Communications 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.

	Enser Communications IPO	Royal Sense IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	B.N. Rathi Securities Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
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 Royal Sense IPO is up to ₹9.86 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Royal Sense IPO is ₹68.00 per share.

	Enser Communications IPO	Royal Sense IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	23,10,000 shares	14,50,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹9.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	14,50,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹9.86 Cr

IPO Timetable

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

	Enser Communications IPO	Royal Sense IPO
Anchor Bid Date
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
Anchor Lockin End date 2

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to Royal Sense IPO P/E ratio of 33.33.

Enser Communications IPO

Royal Sense IPO

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

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)

90.13%

99.99%

Promoter Shareholding (Post-Issue)

66.25%

67.15%

P/E Ratio

28.02

33.33

Market Cap

₹61.01 Cr.

₹33.32 Cr.

ROE

32.76%%

17.00%%

ROCE

34.61%%

23.00%%

Debt/Equity

EPS

₹2.50

₹2.04

RoNW

32.76%%

17.00%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in Royal Sense IPO retail investors are offered 10,96,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Enser Communications IPO and 0 shares in Royal Sense IPO.

	Enser Communications IPO	Royal Sense IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,18,000 shares	1,60,000 shares
QIB	0 shares	0 shares
NII	10,96,000 shares	6,45,000 shares
RII	10,96,000 shares	6,45,000 shares
Employee	0 shares	0 shares
Others
Total	21,92,000 shares	12,90,000 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas Royal Sense IPO subscribed 8.52x.

	Enser Communications IPO	Royal Sense IPO
QIB (times)
NII (times)	3.64x	9.72x
Big NII (times)
Small NII (times)
RII (times)	10.92x	7.32x
Employee (times)
Other (times)
Total (times)	7.29x	8.52x

Compare with others

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

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