Envirotech Systems IPO vs Osel Devices IPO

Comparision between Envirotech Systems IPO and Osel Devices IPO.

IPO Details

Envirotech Systems IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Osel Devices IPO is a SME Book Built Issue proposed to list at NSE SME.

	Envirotech Systems IPO	Osel Devices IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Horizon Management Private Limited
Registrar	Bigshare Services Pvt Ltd	Mas Services Limited
Market Maker	Share India Securities Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Envirotech Systems IPO is up to ₹30.24 Cr whereas the issue size of the Osel Devices IPO is up to ₹70.66 Cr. The final issue price of Envirotech Systems IPO is ₹56.00 per share and of Osel Devices IPO is ₹160.00 per share.

	Envirotech Systems IPO	Osel Devices IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹53.00 per share	₹155.00 per share
Issue Price (Upper)	₹56.00 per share	₹160.00 per share
Issue Price (Final)	₹56.00 per share	₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	800 shares
Fresh Issue Size	54,00,000 shares	44,16,000 shares
Fresh Issue Size (Amount)	up to ₹30.24 Cr	up to ₹70.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	54,00,000 shares	44,16,000 shares
Issue Size Total (Amount)	up to ₹30.24 Cr	up to ₹70.66 Cr

IPO Timetable

Envirotech Systems IPO opens on Sep 13, 2024, while Osel Devices IPO opens on Sep 16, 2024. The closing date of Envirotech Systems IPO and Osel Devices IPO is Sep 19, 2024, and Sep 19, 2024, respectively.

	Envirotech Systems IPO	Osel Devices IPO
Anchor Bid Date	Sep 12, 2024	Sep 13, 2024
Issue Open	Sep 13, 2024	Sep 16, 2024
Issue Close	Sep 19, 2024	Sep 19, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 20, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 23, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 23, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 24, 2024
Anchor Lockin End date 1	Oct 20, 2024	Oct 20, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 19, 2024

Financials

Envirotech Systems IPO P/E ratio is 6.56, as compared to Osel Devices IPO P/E ratio of 14.36.

Envirotech Systems IPO

Osel Devices IPO

Financial

Envirotech Systems Limited Financial Information (Restated)

Envirotech Systems Limited's revenue increased by 63% and profit after tax (PAT) rose by 344% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,867.47	2,275.73	1,386.51
Revenue	4,687.95	2,874.78	1,849.54
Profit After Tax	1,142.88	257.34	105.73
Net Worth	1,960.62	661.73	404.4
Reserves and Surplus	621.62	611.73	354.4
Total Borrowing	240.5	260.67	276.61
Amount in ₹ Lakhs

Osel Devices Limited Financial Information (Restated)

Osel Devices Limited's revenue increased by 62% and profit after tax (PAT) rose by 180% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,864.2	4,902.09	3,312.17
Revenue	13,268.52	8,195.58	6,555.49
Profit After Tax	1,305.21	466	212.31
Net Worth	2,534.21	1,229	763
Reserves and Surplus	1,380.39	1,042.9	576.9
Total Borrowing	2,545.23	1,782.29	862.87
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.48%

98.50%

Promoter Shareholding (Post-Issue)

68.75%

71.53%

P/E Ratio

6.56

14.36

Market Cap

₹105.22 Cr.

₹258.07 Cr.

ROE

58.29%%

34.68%%

ROCE

62.43%%

43.17%%

Debt/Equity

EPS

₹8.54

₹11.14

RoNW

58.29%%

51.50%%

Shares Offered

In the Envirotech Systems IPO retail investors (RII) are offered 16,46,000 shares while in Osel Devices IPO retail investors are offered 16,46,000 shares. Qualified institutional buyers (QIB) are offered 9,40,000 shares in Envirotech Systems IPO and 8,38,400 shares in Osel Devices IPO.

	Envirotech Systems IPO	Osel Devices IPO
Anchor Investor Reserveration	14,06,000 shares	12,57,600 shares
Market Maker Reserveration	7,02,000 shares	2,21,600 shares
QIB	9,40,000 shares	8,38,400 shares
NII	7,06,000 shares	6,29,600 shares
RII	16,46,000 shares	14,68,800 shares
Employee	0 shares	0 shares
Others
Total	32,92,000 shares	29,36,800 shares

Bids Received (Subscription)

Envirotech Systems IPO subscribed 91.67x in total, whereas Osel Devices IPO subscribed 194.24x.

	Envirotech Systems IPO	Osel Devices IPO
QIB (times)	68.12x	78.01x
NII (times)	187.14x	321.40x
Big NII (times)
Small NII (times)
RII (times)	64.16x	206.07x
Employee (times)
Other (times)
Total (times)	91.67x	194.24x

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