Enser Communications IPO vs Vishwas Agri Seeds IPO

Comparision between Enser Communications IPO and Vishwas Agri Seeds IPO.

IPO Details

Enser Communications IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Vishwas Agri Seeds IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Enser Communications IPO	Vishwas Agri Seeds IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Isk Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	B.N. Rathi Securities Limited	Sunflower Broking Private 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 Vishwas Agri Seeds IPO is up to ₹25.80 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Vishwas Agri Seeds IPO is ₹86.00 per share.

	Enser Communications IPO	Vishwas Agri Seeds IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	23,10,000 shares	30,00,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹25.80 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	30,00,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹25.80 Cr

IPO Timetable

Enser Communications IPO opens on Mar 15, 2024, while Vishwas Agri Seeds IPO opens on Mar 21, 2024. The closing date of Enser Communications IPO and Vishwas Agri Seeds IPO is Mar 19, 2024, and Mar 26, 2024, respectively.

	Enser Communications IPO	Vishwas Agri Seeds IPO
Anchor Bid Date
Issue Open	Mar 15, 2024	Mar 21, 2024
Issue Close	Mar 19, 2024	Mar 26, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 27, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 28, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 28, 2024
Listing date (Tentative)	Mar 22, 2024	Apr 01, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to Vishwas Agri Seeds IPO P/E ratio of 5.06.

Enser Communications IPO

Vishwas Agri Seeds 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

Vishwas Agri Seeds Limited Financial Information (Restated Standalone)

Vishwas Agri Seeds Limited's revenue increased by 0.72% and profit after tax (PAT) rose by 115.43% 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	8,071.95	5,351.89	3,362.93	2,095.59
Revenue	4,247.49	6,532.18	6,485.80	5,382.66
Profit After Tax	451.01	534.14	247.94	116.30
Net Worth	1,883.90	1,432.89	478.75	200.81
Reserves and Surplus	1,183.90	732.89	398.75	150.81
Total Borrowing	2,862.87	1,877.88	1,697.17	1,275.08
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.13%

100.00%

Promoter Shareholding (Post-Issue)

66.25%

70.00%

P/E Ratio

28.02

5.06

Market Cap

₹61.01 Cr.

₹86.00 Cr.

ROE

32.76%%

27.20%%

ROCE

34.61%%

14.60%%

Debt/Equity

EPS

₹2.50

₹16.98

RoNW

32.76%%

23.94%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in Vishwas Agri Seeds 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 Vishwas Agri Seeds IPO.

	Enser Communications IPO	Vishwas Agri Seeds IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,18,000 shares	1,52,000 shares
QIB	0 shares	0 shares
NII	10,96,000 shares	14,24,000 shares
RII	10,96,000 shares	14,24,000 shares
Employee	0 shares	0 shares
Others
Total	21,92,000 shares	28,48,000 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas Vishwas Agri Seeds IPO subscribed 12.21x.

	Enser Communications IPO	Vishwas Agri Seeds IPO
QIB (times)
NII (times)	3.64x	12.80x
Big NII (times)
Small NII (times)
RII (times)	10.92x	11.57x
Employee (times)
Other (times)
Total (times)	7.29x	12.21x

Compare with others

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

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