Innovatus Entertainment Networks IPO vs Zeal Global Services IPO

Comparision between Innovatus Entertainment Networks IPO and Zeal Global Services IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Zeal Global Services IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Innovatus Entertainment Networks IPO	Zeal Global Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Expert Global Consultants Private Limited
Registrar	Purva Sharegistry India Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Pure Broking Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Innovatus Entertainment Networks IPO is up to ₹7.74 Cr whereas the issue size of the Zeal Global Services IPO is up to ₹36.46 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Zeal Global Services IPO is ₹103.00 per share.

	Innovatus Entertainment Networks IPO	Zeal Global Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹50.00 per share	₹103.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	15,48,000 shares	35,40,000 shares
Fresh Issue Size (Amount)	up to ₹7.74 Cr	up to ₹36.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,48,000 shares	35,40,000 shares
Issue Size Total (Amount)	up to ₹7.74 Cr	up to ₹36.46 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Zeal Global Services IPO opens on Jul 28, 2023. The closing date of Innovatus Entertainment Networks IPO and Zeal Global Services IPO is Jul 27, 2023, and Aug 01, 2023, respectively.

	Innovatus Entertainment Networks IPO	Zeal Global Services IPO
Anchor Bid Date
Issue Open	Jul 25, 2023	Jul 28, 2023
Issue Close	Jul 27, 2023	Aug 01, 2023
Basis Of Allotment (Tentative)	Aug 01, 2023	Aug 04, 2023
Initiation of Refunds (Tentative)	Aug 02, 2023	Aug 07, 2023
Credit of Share (Tentative)	Aug 03, 2023	Aug 08, 2023
Listing date (Tentative)	Aug 04, 2023	Aug 09, 2023
Anchor Lockin End date 1	Aug 31, 2023	Sep 03, 2023
Anchor Lockin End date 2	Oct 30, 2023	Nov 02, 2023

Financials

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Zeal Global Services IPO P/E ratio of 13.83.

Innovatus Entertainment Networks IPO

Zeal Global Services IPO

Financial

Innovatus Entertainment Networks Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	449.41	1,042.12	29.44	171.61	170.61	0.00
31-Mar-21	597.72	784.07	33.38	205.00	204.00	152.34
31-Mar-22	530.83	787.90	30.19	235.19	34.19	152.34
31-Mar-23	822.63	1,093.93	48.26	483.45	242.45	152.34
Amount in ₹ Lakhs

Zeal Global Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,203.03	7,671.09	133.60	435.76	375.76	258.00
31-Mar-21	1,893.07	6,094.93	169.61	603.09	543.09	171.41
31-Mar-22	3,194.82	12,127.77	524.30	1,277.22	1,081.82	194.32
31-Jan-23	4,969.26	9,505.38	826.65	2,115.61	1,920.21	1,243.92
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.97%

100.00%

Promoter Shareholding (Post-Issue)

60.87%

73.40%

P/E Ratio

13.83

Market Cap

₹19.79 Cr.

₹137.09 Cr.

ROE

9.98%%

39.07%%

ROCE

11.32%%

0.56%

Debt/Equity

0.32

0.59

EPS

₹2.00

₹8.46

RoNW

9.98%%

48.73%%

Shares Offered

In the Innovatus Entertainment Networks IPO retail investors (RII) are offered 7,35,000 shares while in Zeal Global Services IPO retail investors are offered 7,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innovatus Entertainment Networks IPO and 0 shares in Zeal Global Services IPO.

	Innovatus Entertainment Networks IPO	Zeal Global Services IPO
Anchor Investor Reserveration
Market Maker Reserveration	78,000 shares	1,77,600 shares
QIB	0 shares	0 shares
NII	7,35,000 shares	16,80,000 shares
RII	7,35,000 shares	16,82,400 shares
Employee	0 shares	0 shares
Others
Total	14,70,000 shares	33,62,400 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Zeal Global Services IPO subscribed 4.06x.

	Innovatus Entertainment Networks IPO	Zeal Global Services IPO
QIB (times)
NII (times)	56.58x	4.26x
Big NII (times)
Small NII (times)
RII (times)	150.50x	3.85x
Employee (times)
Other (times)
Total (times)	105.21x	4.06x

Compare with others

Innovatus Entertainment Networks IPO	Zeal Global Services IPO
Shelter Pharma IPO	Bondada Engineering IPO
Sangani Hospitals IPO	Crop Life Science IPO
Yudiz Solutions IPO	Shelter Pharma IPO
Zeal Global Services IPO	Sangani Hospitals IPO
Oriana Power IPO	Yudiz Solutions IPO
Shri Techtex IPO	Oriana Power IPO
Vinsys IT Services IPO	Innovatus Entertainment Networks IPO
Yasons Chemex Care IPO	Shri Techtex IPO
Committed Cargo Care IPO	Vinsys IT Services IPO
Khazanchi Jewellers IPO	Yasons Chemex Care IPO

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