Esconet Technologies IPO vs Sadhav Shipping IPO

Comparision between Esconet Technologies IPO and Sadhav Shipping IPO.

IPO Details

Esconet Technologies IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Sadhav Shipping IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Esconet Technologies IPO	Sadhav Shipping 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	Corporate Capitalventures Pvt Ltd	Isk Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Maashitla Securities Private Limited
Market Maker	Ss Corporate Securities Limited	Sunflower 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 Esconet Technologies IPO is up to ₹28.22 Cr whereas the issue size of the Sadhav Shipping IPO is up to ₹38.18 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Sadhav Shipping IPO is ₹95.00 per share.

	Esconet Technologies IPO	Sadhav Shipping IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share
Issue Price (Upper)	₹84.00 per share
Issue Price (Final)	₹84.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	33,60,000 shares	40,18,800 shares
Fresh Issue Size (Amount)	up to ₹28.22 Cr	up to ₹38.18 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	33,60,000 shares	40,18,800 shares
Issue Size Total (Amount)	up to ₹28.22 Cr	up to ₹38.18 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Sadhav Shipping IPO opens on Feb 23, 2024. The closing date of Esconet Technologies IPO and Sadhav Shipping IPO is Feb 20, 2024, and Feb 27, 2024, respectively.

	Esconet Technologies IPO	Sadhav Shipping IPO
Anchor Bid Date	Feb 15, 2024
Issue Open	Feb 16, 2024	Feb 23, 2024
Issue Close	Feb 20, 2024	Feb 27, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 28, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 29, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 29, 2024
Listing date (Tentative)	Feb 23, 2024	Mar 01, 2024
Anchor Lockin End date 1	Mar 22, 2024
Anchor Lockin End date 2	May 21, 2024

Financials

Esconet Technologies IPO P/E ratio is 24.87, as compared to Sadhav Shipping IPO P/E ratio of 12.66.

Esconet Technologies IPO

Sadhav Shipping IPO

Financial

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	4,260.46	2,798.37
Revenue	7,146.71	9,690.84
Profit After Tax	305.47	304.00
Net Worth	902.97	554.47
Reserves and Surplus	825.19	477.48
Total Borrowing	1,008.95	1,103.89
Amount in ₹ Lakhs

Sadhav Shipping Limited Financial Information (Restated)

Sadhav Shipping Limited's revenue increased by 13.08% and profit after tax (PAT) rose by 157.68% 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	13,113.49	11,628.71	6,909.44	6,117.64
Revenue	3,385.69	7,890.59	6,977.94	6,123.67
Profit After Tax	406.97	775.44	300.93	330.77
Net Worth	4,501.44	4,094.46	3,503.51	3,205.61
Reserves and Surplus	4,206.18	3,799.21	3,208.26	2,910.36
Total Borrowing	6,681.84	5,527.45	2,083.08	1,776.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.18%

96.44%

Promoter Shareholding (Post-Issue)

64.94%

69.44%

P/E Ratio

24.87

12.66

Market Cap

₹103.82 Cr.

₹136.35 Cr.

ROE

75.54%%

20.41%%

ROCE

59.11%%

14.36%%

Debt/Equity

1.99

EPS

₹39.63

₹7.50

RoNW

54.83%%

18.94%%

Shares Offered

In the Esconet Technologies IPO retail investors (RII) are offered 11,15,200 shares while in Sadhav Shipping IPO retail investors are offered 11,15,200 shares. Qualified institutional buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 0 shares in Sadhav Shipping IPO.

	Esconet Technologies IPO	Sadhav Shipping IPO
Anchor Investor Reserveration	9,53,600 shares
Market Maker Reserveration	1,76,000 shares	2,02,800 shares
QIB	6,36,800 shares	0 shares
NII	4,78,400 shares	19,08,000 shares
RII	11,15,200 shares	19,08,000 shares
Employee	0 shares	0 shares
Others
Total	22,30,400 shares	38,16,000 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Sadhav Shipping IPO subscribed 135.69x.

	Esconet Technologies IPO	Sadhav Shipping IPO
QIB (times)	156.02x
NII (times)	868.05x	184.58x
Big NII (times)
Small NII (times)
RII (times)	553.02x	65.52x
Employee (times)
Other (times)
Total (times)	507.24x	135.69x

Compare with others

Esconet Technologies IPO	Sadhav Shipping IPO
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Purv Flexipack IPO	Pune E-Stock Broking IPO
Sadhav Shipping IPO	M.V.K. Agro Food IPO
Deem Roll Tech IPO	Owais Metal and Mineral Processing IPO
Zenith Drugs IPO	Purv Flexipack IPO
Trust Fintech IPO	Deem Roll Tech IPO
Interiors and More IPO	Zenith Drugs IPO
Atmastco IPO	Esconet Technologies IPO
Thaai Casting IPO	Trust Fintech IPO
Kalahridhaan Trendz IPO	Interiors and More IPO

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