EnNutrica IPO vs GPES Solar IPO

Comparision between EnNutrica IPO and GPES Solar IPO.

IPO Details

EnNutrica IPO is a SME Book Built Issue IPO proposed to list at BSE SME while GPES Solar IPO is a SME Book Built Issue proposed to list at NSE SME.

	EnNutrica IPO	GPES Solar IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Corporate Capitalventures Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Ss Corporate 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 GPES Solar IPO is up to ₹30.79 Cr. The final issue price of EnNutrica IPO is ₹54.00 per share and of GPES Solar IPO is ₹94.00 per share.

	EnNutrica IPO	GPES Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹90.00 per share
Issue Price (Upper)	₹54.00 per share	₹94.00 per share
Issue Price (Final)	₹54.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	64,50,000 shares	32,76,000 shares
Fresh Issue Size (Amount)	up to ₹34.83 Cr	up to ₹30.79 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,50,000 shares	32,76,000 shares
Issue Size Total (Amount)	up to ₹34.83 Cr	up to ₹30.79 Cr

IPO Timetable

EnNutrica IPO opens on Jun 20, 2024, while GPES Solar IPO opens on Jun 14, 2024. The closing date of EnNutrica IPO and GPES Solar IPO is Jun 24, 2024, and Jun 19, 2024, respectively.

	EnNutrica IPO	GPES Solar IPO
Anchor Bid Date	Jun 19, 2024	Jun 13, 2024
Issue Open	Jun 20, 2024	Jun 14, 2024
Issue Close	Jun 24, 2024	Jun 19, 2024
Basis Of Allotment (Tentative)	Jun 25, 2024	Jun 20, 2024
Initiation of Refunds (Tentative)	Jun 26, 2024	Jun 21, 2024
Credit of Share (Tentative)	Jun 26, 2024	Jun 21, 2024
Listing date (Tentative)	Jun 27, 2024	Jun 24, 2024
Anchor Lockin End date 1	Jul 25, 2024	Jul 20, 2024
Anchor Lockin End date 2	Sep 23, 2024	Sep 18, 2024

Financials

EnNutrica IPO P/E ratio is 18.47, as compared to GPES Solar IPO P/E ratio of 21.44.

EnNutrica IPO

GPES Solar 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

GP Eco Solutions India Limited Financial Information (Restated)

GP Eco Solutions India Limited's revenue increased by 25.08% and profit after tax (PAT) rose by 33.43% 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	4,728.75	4,715.19	1,904.89	1,429.81
Revenue	7,858.88	10,447.63	8,352.99	4,652.91
Profit After Tax	473.27	369.82	277.17	96.94
Net Worth	1,298.08	824.81	454.98	177.81
Reserves and Surplus	578.08	804.81	434.98	157.81
Total Borrowing	1,544.79	1,316.52	517.55	351.37
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

80.66%

86.4%

Promoter Shareholding (Post-Issue)

59.36%

62.23%

P/E Ratio

18.47

21.44

Market Cap

₹131.92 Cr.

₹110.08 Cr.

ROE

-0.95%%

44.59%%

ROCE

0.62%%

26.51%%

Debt/Equity

4.63

1.11

EPS

₹2.92

₹4.38

RoNW

149.49%%

42.70%%

Shares Offered

In the EnNutrica IPO retail investors (RII) are offered 21,44,000 shares while in GPES Solar IPO retail investors are offered 21,44,000 shares. Qualified institutional buyers (QIB) are offered 12,26,000 shares in EnNutrica IPO and 5,89,200 shares in GPES Solar IPO.

	EnNutrica IPO	GPES Solar IPO
Anchor Investor Reserveration	18,34,000 shares	8,83,200 shares
Market Maker Reserveration	3,26,000 shares	3,27,600 shares
QIB	12,26,000 shares	5,89,200 shares
NII	9,20,000 shares	4,44,000 shares
RII	21,44,000 shares	10,32,000 shares
Employee	0 shares	0 shares
Others
Total	42,90,000 shares	20,65,200 shares

Bids Received (Subscription)

EnNutrica IPO subscribed 202.35x in total, whereas GPES Solar IPO subscribed 856.21x.

	EnNutrica IPO	GPES Solar IPO
QIB (times)	145.62x	236.64x
NII (times)	280.06x	1,824.87x
Big NII (times)
Small NII (times)
RII (times)	201.44x	793.20x
Employee (times)
Other (times)
Total (times)	202.35x	856.21x

Compare with others

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

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