Clinitech Laboratory IPO vs Esprit Stones IPO

Comparision between Clinitech Laboratory IPO and Esprit Stones IPO.

IPO Details

Clinitech Laboratory IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Esprit Stones IPO is a SME Book Built Issue proposed to list at NSE SME.

	Clinitech Laboratory IPO	Esprit Stones IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Choice Capital Advisors Pvt Ltd Srujan Alpha Capital Advisors Llp
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	Svcm Securities Private Limited	Choice Equity 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 Clinitech Laboratory IPO is up to ₹5.78 Cr whereas the issue size of the Esprit Stones IPO is up to ₹50.42 Cr. The final issue price of Clinitech Laboratory IPO is ₹96.00 per share and of Esprit Stones IPO is ₹87.00 per share.

	Clinitech Laboratory IPO	Esprit Stones IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹82.00 per share
Issue Price (Upper)		₹87.00 per share
Issue Price (Final)	₹96.00 per share	₹87.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	6,02,400 shares	57,95,200 shares
Fresh Issue Size (Amount)	up to ₹5.78 Cr	up to ₹50.42 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	6,02,400 shares	57,95,200 shares
Issue Size Total (Amount)	up to ₹5.78 Cr	up to ₹50.42 Cr

IPO Timetable

Clinitech Laboratory IPO opens on Jul 25, 2024, while Esprit Stones IPO opens on Jul 26, 2024. The closing date of Clinitech Laboratory IPO and Esprit Stones IPO is Jul 29, 2024, and Jul 30, 2024, respectively.

	Clinitech Laboratory IPO	Esprit Stones IPO
Anchor Bid Date		Jul 25, 2024
Issue Open	Jul 25, 2024	Jul 26, 2024
Issue Close	Jul 29, 2024	Jul 30, 2024
Basis Of Allotment (Tentative)	Jul 30, 2024	Jul 31, 2024
Initiation of Refunds (Tentative)	Jul 31, 2024	Aug 01, 2024
Credit of Share (Tentative)	Jul 31, 2024	Aug 01, 2024
Listing date (Tentative)	Aug 01, 2024	Aug 02, 2024
Anchor Lockin End date 1		Aug 30, 2024
Anchor Lockin End date 2		Oct 29, 2024

Financials

Clinitech Laboratory IPO P/E ratio is 43.45, as compared to Esprit Stones IPO P/E ratio of 13.62.

Clinitech Laboratory IPO

Esprit Stones IPO

Financial

Clinitech Laboratory Limited Financial Information (Restated)

Clinitech Laboratory Limited's revenue increased by 1.19% and profit after tax (PAT) dropped by -39.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	560.79	603.33	368.74	273.32
Revenue	643.92	636.34	645.70	459.63
Profit After Tax	37.12	61.31	51.26	40.24
Net Worth	354.80	238.08	184.81	139.03
Reserves and Surplus	186.80	88.08	34.81	72.37
Total Borrowing	86.31	102.91	88.61	53.67
Amount in ₹ Lakhs

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% 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	27,459.35	23,802.24	18,069.74
Revenue	27,477.82	17,606.52	19,002.60
Profit After Tax	1,031.73	355.72	1,850.53
Net Worth	7,238.80	6,227.81	5,893.32
Reserves and Surplus	5,623.80	5,277.81	4,943.32
Total Borrowing	12,541.91	11,879.55	5,799.76
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.63%

100.00%

Promoter Shareholding (Post-Issue)

61.56%

P/E Ratio

43.45

13.62

Market Cap

₹21.91 Cr.

₹190.92 Cr.

ROE

ROCE

12.39%%

Debt/Equity

0.24

1.72

EPS

₹2.21

₹6.39

RoNW

10.46%%

15.09%%

Shares Offered

In the Clinitech Laboratory IPO retail investors (RII) are offered 3,01,200 shares while in Esprit Stones IPO retail investors are offered 3,01,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Clinitech Laboratory IPO and 10,75,200 shares in Esprit Stones IPO.

	Clinitech Laboratory IPO	Esprit Stones IPO
Anchor Investor Reserveration		16,12,800 shares
Market Maker Reserveration	31,200 shares	2,91,200 shares
QIB	0 shares	10,75,200 shares
NII	3,01,200 shares	8,06,400 shares
RII	3,01,200 shares	18,81,600 shares
Employee	0 shares	0 shares
Others
Total	5,71,200 shares	38,91,200 shares

Bids Received (Subscription)

Clinitech Laboratory IPO subscribed 38.96x in total, whereas Esprit Stones IPO subscribed 185.82x.

	Clinitech Laboratory IPO	Esprit Stones IPO
QIB (times)		117.63x
NII (times)	23.28x	399.58x
Big NII (times)
Small NII (times)
RII (times)	49.61x	145.75x
Employee (times)
Other (times)
Total (times)	38.96x	185.82x

Compare with others

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Esprit Stones IPO	Ashapura Logistics IPO
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Chetana Education IPO	Trom Industries IPO
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V.L.Infraprojects IPO	Aprameya Engineering IPO
RNFI Services IPO	Manglam Infra And Engineering IPO
Macobs Technologies IPO	Chetana Education IPO
Kataria Industries IPO	Clinitech Laboratory IPO

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