Indifra IPO vs Supreme Power Equipment IPO

Comparision between Indifra IPO and Supreme Power Equipment IPO.

IPO Details

Indifra IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Supreme Power Equipment IPO is a SME Book Built Issue proposed to list at NSE SME.

	Indifra IPO	Supreme Power Equipment IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Narnolia Financial Services Ltd
Registrar	Kfin Technologies Limited	Purva Sharegistry India Pvt Ltd
Market Maker	Spread X Securities Private Limited	Share India Securities 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 Indifra IPO is up to ₹14.04 Cr whereas the issue size of the Supreme Power Equipment IPO is up to ₹46.67 Cr. The final issue price of Indifra IPO is ₹65.00 per share and of Supreme Power Equipment IPO is ₹65.00 per share.

	Indifra IPO	Supreme Power Equipment IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹61.00 per share
Issue Price (Upper)		₹65.00 per share
Issue Price (Final)	₹65.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	21,60,000 shares	71,80,000 shares
Fresh Issue Size (Amount)	up to ₹14.04 Cr	up to ₹46.67 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,60,000 shares	71,80,000 shares
Issue Size Total (Amount)	up to ₹14.04 Cr	up to ₹46.67 Cr

IPO Timetable

Indifra IPO opens on Dec 21, 2023, while Supreme Power Equipment IPO opens on Dec 21, 2023. The closing date of Indifra IPO and Supreme Power Equipment IPO is Dec 26, 2023, and Dec 26, 2023, respectively.

	Indifra IPO	Supreme Power Equipment IPO
Anchor Bid Date		Dec 20, 2023
Issue Open	Dec 21, 2023	Dec 21, 2023
Issue Close	Dec 26, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Dec 27, 2023	Dec 27, 2023
Initiation of Refunds (Tentative)	Dec 28, 2023	Dec 28, 2023
Credit of Share (Tentative)	Dec 28, 2023	Dec 28, 2023
Listing date (Tentative)	Dec 29, 2023	Dec 29, 2023
Anchor Lockin End date 1	Jan 26, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 26, 2024	Mar 26, 2024

Financials

Indifra IPO P/E ratio is 11.23, as compared to Supreme Power Equipment IPO P/E ratio of 10.69.

Indifra IPO

Supreme Power Equipment IPO

Financial

Indifra Limited Financial Information (Restated)

Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	630.24	312.46	420.10	229.63
Revenue	64.28	1,001.69	1,092.41	306.54
Profit After Tax	3.54	99.08	39.94	10.51
Net Worth	533.25	169.70	70.62	30.68
Reserves and Surplus	20.25	168.70	69.62	29.68
Total Borrowing		38.26	50.61	45.05
Amount in ₹ Lakhs

Supreme Power Equipment Limited Financial Information (Restated Consolidated)

Period Ended	31 Jul 2023	31 Mar 2023
Assets	9,187.16	6,901.04
Revenue	3,927.61	9,990.85
Profit After Tax	503.16	1,107.88
Net Worth	2,298.26	1,805.69
Reserves and Surplus	1,902.46	1,409.89
Total Borrowing	2,153.82	1,999.74
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96%

79.37%

Promoter Shareholding (Post-Issue)

67.55%

57.54%

P/E Ratio

11.23

10.69

Market Cap

₹47.39 Cr.

₹162.44 Cr.

ROE

82.45%%

59.88%%

ROCE

86.21%%

83.01%%

Debt/Equity

0.45

EPS

₹5.79

₹6.08

RoNW

82.45%%

59.88%%

Shares Offered

In the Indifra IPO retail investors (RII) are offered 10,26,000 shares while in Supreme Power Equipment IPO retail investors are offered 10,26,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Indifra IPO and 12,50,000 shares in Supreme Power Equipment IPO.

	Indifra IPO	Supreme Power Equipment IPO
Anchor Investor Reserveration		18,70,000 shares
Market Maker Reserveration	1,08,000 shares	9,32,000 shares
QIB	0 shares	12,50,000 shares
NII	10,26,000 shares	9,40,000 shares
RII	10,26,000 shares	21,88,000 shares
Employee	0 shares	0 shares
Others
Total	20,52,000 shares	43,78,000 shares

Bids Received (Subscription)

Indifra IPO subscribed 7.21x in total, whereas Supreme Power Equipment IPO subscribed 262.60x.

	Indifra IPO	Supreme Power Equipment IPO
QIB (times)		88.98x
NII (times)	2.34x	489.10x
Big NII (times)
Small NII (times)
RII (times)	12.07x	264.48x
Employee (times)
Other (times)
Total (times)	7.21x	262.60x

Compare with others

Indifra IPO	Supreme Power Equipment IPO
HRH Next Services IPO	Kay Cee Energy & Infra IPO
MCPL IPO	Balaji Valve Components IPO
Kay Cee Energy & Infra IPO	AIK Pipes And Polymers IPO
Balaji Valve Components IPO	Indifra IPO
AIK Pipes And Polymers IPO	Sameera Agro IPO
Sameera Agro IPO	Sahara Maritime IPO
Supreme Power Equipment IPO	Electro Force India IPO
Sahara Maritime IPO	Trident Techlabs IPO
Electro Force India IPO	Shree OSFM E-Mobility IPO
Trident Techlabs IPO	Siyaram Recycling IPO

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