Enser Communications IPO vs KP Green Engineering IPO

Comparision between Enser Communications IPO and KP Green Engineering IPO.

IPO Details

Enser Communications IPO is a SME Book Built Issue IPO proposed to list at NSE SME while KP Green Engineering IPO is a SME Book Built Issue proposed to list at BSE SME.

	Enser Communications IPO	KP Green Engineering IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	B.N. Rathi Securities Limited	Spread X Securities Private 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 Enser Communications IPO is up to ₹16.17 Cr whereas the issue size of the KP Green Engineering IPO is up to ₹189.50 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of KP Green Engineering IPO is ₹144.00 per share.

	Enser Communications IPO	KP Green Engineering IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)		₹137.00 per share
Issue Price (Upper)		₹144.00 per share
Issue Price (Final)	₹70.00 per share	₹144.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	23,10,000 shares	1,31,60,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹189.50 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	1,31,60,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹189.50 Cr

IPO Timetable

Enser Communications IPO opens on Mar 15, 2024, while KP Green Engineering IPO opens on Mar 15, 2024. The closing date of Enser Communications IPO and KP Green Engineering IPO is Mar 19, 2024, and Mar 19, 2024, respectively.

	Enser Communications IPO	KP Green Engineering IPO
Anchor Bid Date		Mar 13, 2024
Issue Open	Mar 15, 2024	Mar 15, 2024
Issue Close	Mar 19, 2024	Mar 19, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 20, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 21, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 21, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 22, 2024
Anchor Lockin End date 1		Apr 19, 2024
Anchor Lockin End date 2		Jun 18, 2024

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to KP Green Engineering IPO P/E ratio of 42.8.

Enser Communications IPO

KP Green Engineering IPO

Financial

Enser Communications Limited Financial Information (Restated)

Enser Communications Limited's revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,799.26	1,383.92	870.42	662.41
Revenue	1,815.89	2,590.97	1,686.47	961.30
Profit After Tax	213.98	160.06	77.92	-11.74
Net Worth	653.24	394.78	234.71	156.78
Reserves and Surplus	652.17	393.78	233.71	155.78
Total Borrowing	709.09	631.88	309.37	276.92
Amount in ₹ Lakhs

KP Green Engineering Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	13,635.62	9,506.65
Revenue	10,413.64	11,478.50
Profit After Tax	1,126.64	1,239.45
Reserves and Surplus	2,624.03	3,177.38
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.13%

90.37%

Promoter Shareholding (Post-Issue)

66.25%

66.59%

P/E Ratio

28.02

42.8

Market Cap

₹61.01 Cr.

₹720.00 Cr.

ROE

32.76%%

29.24%%

ROCE

34.61%%

23.05%%

Debt/Equity

1.11

EPS

₹2.50

₹3.36

RoNW

32.76%%

25.51%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in KP Green Engineering IPO retail investors are offered 10,96,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Enser Communications IPO and 25,00,000 shares in KP Green Engineering IPO.

	Enser Communications IPO	KP Green Engineering IPO
Anchor Investor Reserveration		37,50,000 shares
Market Maker Reserveration	1,18,000 shares	6,58,000 shares
QIB	0 shares	25,00,000 shares
NII	10,96,000 shares	18,76,000 shares
RII	10,96,000 shares	43,76,000 shares
Employee	0 shares	0 shares
Others
Total	21,92,000 shares	87,52,000 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas KP Green Engineering IPO subscribed 29.50x.

	Enser Communications IPO	KP Green Engineering IPO
QIB (times)		31.86x
NII (times)	3.64x	48.23x
Big NII (times)
Small NII (times)
RII (times)	10.92x	20.12x
Employee (times)
Other (times)
Total (times)	7.29x	29.50x

Compare with others

Enser Communications IPO	KP Green Engineering IPO
Vruddhi Engineering Works IPO	Omfurn India FPO
Naman In-Store (India) IPO	Vishwas Agri Seeds IPO
Omfurn India FPO	Chatha Foods IPO
Vishwas Agri Seeds IPO	Enser Communications IPO
Chatha Foods IPO	Enfuse Solutions IPO
Enfuse Solutions IPO	Royal Sense IPO
KP Green Engineering IPO	AVP Infracon IPO
Royal Sense IPO	Signoria Creation IPO
AVP Infracon IPO	Pratham EPC Projects IPO
Signoria Creation IPO	Koura Fine Diamond Jewelry IPO

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