EnNutrica IPO vs GEM Enviro IPO

Comparision between EnNutrica IPO and GEM Enviro IPO.

IPO Details

EnNutrica IPO is a SME Book Built Issue IPO proposed to list at BSE SME while GEM Enviro IPO is a SME Book Built Issue proposed to list at BSE SME.

	EnNutrica IPO	GEM Enviro IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Share India Capital Services Private Limited Fintellectual Corporate Advisors Private Limited
Registrar	Link Intime India Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Spread X Securities Private Limited	Share India Securities 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 EnNutrica IPO is up to ₹34.83 Cr whereas the issue size of the GEM Enviro IPO is up to ₹44.93 Cr. The final issue price of EnNutrica IPO is ₹54.00 per share and of GEM Enviro IPO is ₹75.00 per share.

	EnNutrica IPO	GEM Enviro IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹51.00 per share	₹71.00 per share
Issue Price (Upper)	₹54.00 per share	₹75.00 per share
Issue Price (Final)	₹54.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	64,50,000 shares	14,97,600 shares
Fresh Issue Size (Amount)	up to ₹34.83 Cr	up to ₹11.23 Cr
OFS Issue Size		44,92,800 shares
OFS Issue Size (Amount)		up to ₹33.70 Cr
Issue Size Total	64,50,000 shares	59,90,400 shares
Issue Size Total (Amount)	up to ₹34.83 Cr	up to ₹44.93 Cr

IPO Timetable

EnNutrica IPO opens on Jun 20, 2024, while GEM Enviro IPO opens on Jun 19, 2024. The closing date of EnNutrica IPO and GEM Enviro IPO is Jun 24, 2024, and Jun 21, 2024, respectively.

	EnNutrica IPO	GEM Enviro IPO
Anchor Bid Date	Jun 19, 2024
Issue Open	Jun 20, 2024	Jun 19, 2024
Issue Close	Jun 24, 2024	Jun 21, 2024
Basis Of Allotment (Tentative)	Jun 25, 2024	Jun 24, 2024
Initiation of Refunds (Tentative)	Jun 26, 2024	Jun 25, 2024
Credit of Share (Tentative)	Jun 26, 2024	Jun 25, 2024
Listing date (Tentative)	Jun 27, 2024	Jun 26, 2024
Anchor Lockin End date 1	Jul 25, 2024
Anchor Lockin End date 2	Sep 23, 2024

Financials

EnNutrica IPO P/E ratio is 18.47, as compared to GEM Enviro IPO P/E ratio of 15.76.

EnNutrica IPO

GEM Enviro IPO

Financial

Dindigul Farm Product Limited Financial Information (Restated)

Dindigul Farm Product Limited's revenue increased by 188.19% and profit after tax (PAT) rose by 225.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,123.46	2,899.84	2,995.07	2,995.07
Revenue	6,876.65	8,199.34	2,845.07	1,840.72
Profit After Tax	588.40	525.79	-420.08	-461.19
Net Worth	393.94	-1,638.46	-2,162.72	-1,742.64
Total Borrowing	2,263.87	2,398.37	2,579.25	2,716.23
Amount in ₹ Lakhs

GEM Enviro Management Limited Financial Information (Restated)

GEM Enviro Management Limited's revenue increased by 30.05% and profit after tax (PAT) rose by 34.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,994.75	3,574.93	2,684.52	1,895.51
Revenue	2,639.11	4,280.57	3,291.48	2,560.58
Profit After Tax	840.42	1,001.82	745.23	583.38
Net Worth	3,103.32	2,411.51	1,713.57	1,015.14
Reserves and Surplus	2,050.68	2,380.55	1,677.57	979.14
Total Borrowing			2.00	2.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.66%

100.00%

Promoter Shareholding (Post-Issue)

59.36%

73.44%

P/E Ratio

18.47

15.76

Market Cap

₹131.92 Cr.

₹169.13 Cr.

ROE

-0.95%%

30.48%%

ROCE

0.62%%

36.55%%

Debt/Equity

4.63

EPS

₹2.92

₹4.76

RoNW

149.49%%

30.48%%

Shares Offered

In the EnNutrica IPO retail investors (RII) are offered 21,44,000 shares while in GEM Enviro IPO retail investors are offered 21,44,000 shares. Qualified institutional buyers (QIB) are offered 12,26,000 shares in EnNutrica IPO and 11,29,600 shares in GEM Enviro IPO.

	EnNutrica IPO	GEM Enviro IPO
Anchor Investor Reserveration	18,34,000 shares	16,92,800 shares
Market Maker Reserveration	3,26,000 shares	3,42,400 shares
QIB	12,26,000 shares	11,29,600 shares
NII	9,20,000 shares	8,48,000 shares
RII	21,44,000 shares	19,77,600 shares
Employee	0 shares	0 shares
Others
Total	42,90,000 shares	39,55,200 shares

Bids Received (Subscription)

EnNutrica IPO subscribed 202.35x in total, whereas GEM Enviro IPO subscribed 265.13x.

	EnNutrica IPO	GEM Enviro IPO
QIB (times)	145.62x	160.22x
NII (times)	280.06x	462.89x
Big NII (times)
Small NII (times)
RII (times)	201.44x	240.25x
Employee (times)
Other (times)
Total (times)	202.35x	265.13x

Compare with others

EnNutrica IPO	GEM Enviro IPO
Shivalic Power Control IPO	Winny Immigration IPO
Divine Power IPO	Medicamen Organics IPO
The Money Fair IPO	EnNutrica IPO
Winny Immigration IPO	Falcon Technoprojects India IPO
Medicamen Organics IPO	Durlax Top Surface IPO
Falcon Technoprojects India IPO	GPES Solar IPO
Durlax Top Surface IPO	United Cotfab IPO
GEM Enviro IPO	3C IT IPO
GPES Solar IPO	Magenta Lifecare IPO
United Cotfab IPO	Sattrix IPO

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