Esprit Stones IPO vs Trom Industries IPO

Comparision between Esprit Stones IPO and Trom Industries IPO.

IPO Details

Esprit Stones IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Trom Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Esprit Stones IPO	Trom Industries 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	Choice Capital Advisors Pvt Ltd Srujan Alpha Capital Advisors Llp	Expert Global Consultants Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker	Choice Equity Broking Private Limited	Sunflower 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 Esprit Stones IPO is up to ₹50.42 Cr whereas the issue size of the Trom Industries IPO is up to ₹31.37 Cr. The final issue price of Esprit Stones IPO is ₹87.00 per share and of Trom Industries IPO is ₹115.00 per share.

	Esprit Stones IPO	Trom Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹82.00 per share	₹100.00 per share
Issue Price (Upper)	₹87.00 per share	₹115.00 per share
Issue Price (Final)	₹87.00 per share	₹115.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	57,95,200 shares	27,27,600 shares
Fresh Issue Size (Amount)	up to ₹50.42 Cr	up to ₹31.37 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	57,95,200 shares	27,27,600 shares
Issue Size Total (Amount)	up to ₹50.42 Cr	up to ₹31.37 Cr

IPO Timetable

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

	Esprit Stones IPO	Trom Industries IPO
Anchor Bid Date	Jul 25, 2024	Jul 24, 2024
Issue Open	Jul 26, 2024	Jul 25, 2024
Issue Close	Jul 30, 2024	Jul 29, 2024
Basis Of Allotment (Tentative)	Jul 31, 2024	Jul 30, 2024
Initiation of Refunds (Tentative)	Aug 01, 2024	Jul 31, 2024
Credit of Share (Tentative)	Aug 01, 2024	Jul 31, 2024
Listing date (Tentative)	Aug 02, 2024	Aug 01, 2024
Anchor Lockin End date 1	Aug 30, 2024	Aug 29, 2024
Anchor Lockin End date 2	Oct 29, 2024	Oct 28, 2024

Financials

Esprit Stones IPO P/E ratio is 13.62, as compared to Trom Industries IPO P/E ratio of 12.98.

Esprit Stones IPO

Trom Industries IPO

Financial

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

Trom Industries Limited Financial Information (Restated)

Trom Industries Limited's revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% 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	2,919.93	2,155.35	1,854.32
Revenue	5,454.68	2,413.80	3,056.55
Profit After Tax	572.93	28.86	35.98
Net Worth	1,222.57	249.92	221.12
Reserves and Surplus	575.84	248.92	220.12
Total Borrowing	573.71	492.82	85.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

98.84%

Promoter Shareholding (Post-Issue)

69.52%

P/E Ratio

13.62

12.98

Market Cap

₹190.92 Cr.

₹105.74 Cr.

ROE

77.82%%

ROCE

12.39%%

47.11%%

Debt/Equity

1.72

0.47

EPS

₹6.39

₹8.86

RoNW

15.09%%

77.82%%

Shares Offered

In the Esprit Stones IPO retail investors (RII) are offered 18,81,600 shares while in Trom Industries IPO retail investors are offered 18,81,600 shares. Qualified institutional buyers (QIB) are offered 10,75,200 shares in Esprit Stones IPO and 5,18,400 shares in Trom Industries IPO.

	Esprit Stones IPO	Trom Industries IPO
Anchor Investor Reserveration	16,12,800 shares	7,76,400 shares
Market Maker Reserveration	2,91,200 shares	1,36,800 shares
QIB	10,75,200 shares	5,18,400 shares
NII	8,06,400 shares	3,88,800 shares
RII	18,81,600 shares	9,07,200 shares
Employee	0 shares	0 shares
Others
Total	38,91,200 shares	18,14,400 shares

Bids Received (Subscription)

Esprit Stones IPO subscribed 185.82x in total, whereas Trom Industries IPO subscribed 459.00x.

	Esprit Stones IPO	Trom Industries IPO
QIB (times)	117.63x	197.07x
NII (times)	399.58x	751.90x
Big NII (times)
Small NII (times)
RII (times)	145.75x	483.14x
Employee (times)
Other (times)
Total (times)	185.82x	459.00x

Compare with others

Esprit Stones IPO	Trom Industries IPO
Ashapura Logistics IPO	Kizi Apparels IPO
Rajputana Industries IPO	Ashapura Logistics IPO
Bulkcorp IPO	Rajputana Industries IPO
Sathlokhar Synergys E&C Global IPO	Bulkcorp IPO
Trom Industries IPO	Sathlokhar Synergys E&C Global IPO
S A Tech Software India IPO	Esprit Stones IPO
Aprameya Engineering IPO	S A Tech Software India IPO
Manglam Infra And Engineering IPO	Aprameya Engineering IPO
Chetana Education IPO	Manglam Infra And Engineering IPO
Clinitech Laboratory IPO	Chetana Education IPO

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