Enser Communications IPO vs Naman In-Store (India) IPO

Comparision between Enser Communications IPO and Naman In-Store (India) IPO.

IPO Details

Enser Communications IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Naman In-Store (India) IPO is a SME Book Built Issue proposed to list at NSE SME.

	Enser Communications IPO	Naman In-Store (India) 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	Fast Track Finsec Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	B.N. Rathi Securities Limited	Giriraj Stock Broking 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 Naman In-Store (India) IPO is up to ₹25.35 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Naman In-Store (India) IPO is ₹89.00 per share.

	Enser Communications IPO	Naman In-Store (India) IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹84.00 per share
Issue Price (Upper)		₹89.00 per share
Issue Price (Final)	₹70.00 per share	₹89.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	23,10,000 shares	28,48,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹25.35 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	28,48,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹25.35 Cr

IPO Timetable

Enser Communications IPO opens on Mar 15, 2024, while Naman In-Store (India) IPO opens on Mar 22, 2024. The closing date of Enser Communications IPO and Naman In-Store (India) IPO is Mar 19, 2024, and Mar 27, 2024, respectively.

	Enser Communications IPO	Naman In-Store (India) IPO
Anchor Bid Date		Mar 21, 2024
Issue Open	Mar 15, 2024	Mar 22, 2024
Issue Close	Mar 19, 2024	Mar 27, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 28, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Apr 01, 2024
Credit of Share (Tentative)	Mar 21, 2024	Apr 01, 2024
Listing date (Tentative)	Mar 22, 2024	Apr 02, 2024
Anchor Lockin End date 1		Apr 27, 2024
Anchor Lockin End date 2		Jun 26, 2024

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to Naman In-Store (India) IPO P/E ratio of 17.95.

Enser Communications IPO

Naman In-Store (India) 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

Naman In-Store (India) Limited Financial Information (Restated)

Naman In-Store (India) Limited's revenue increased by 193.48% and profit after tax (PAT) rose by 1696.28% 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		5,598.94	3,074.09	1,693.00
Revenue	7,929.71	14,993.50	5,108.94	1,341.28
Profit After Tax	618.89	381.71	21.25	5.08
Net Worth	1,203.48	584.59	202.88	131.64
Reserves and Surplus		488.94	53.48	41.64
Total Borrowing	3,166.06	2,944.09	1,883.91	1,023.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.13%

100.00

Promoter Shareholding (Post-Issue)

66.25%

P/E Ratio

28.02

17.95

Market Cap

₹61.01 Cr.

₹93.88 Cr.

ROE

32.76%%

69.22%%

ROCE

34.61%%

24.51%%

Debt/Equity

EPS

₹2.50

₹4.96

RoNW

32.76%%

51.42%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in Naman In-Store (India) IPO retail investors are offered 10,96,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Enser Communications IPO and 5,40,800 shares in Naman In-Store (India) IPO.

	Enser Communications IPO	Naman In-Store (India) IPO
Anchor Investor Reserveration		8,11,200 shares
Market Maker Reserveration	1,18,000 shares	1,42,400 shares
QIB	0 shares	5,40,800 shares
NII	10,96,000 shares	4,06,400 shares
RII	10,96,000 shares	9,47,200 shares
Employee	0 shares	0 shares
Others
Total	21,92,000 shares	18,94,400 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas Naman In-Store (India) IPO subscribed 309.03x.

	Enser Communications IPO	Naman In-Store (India) IPO
QIB (times)		109.75x
NII (times)	3.64x	528.12x
Big NII (times)
Small NII (times)
RII (times)	10.92x	328.80x
Employee (times)
Other (times)
Total (times)	7.29x	309.03x

Compare with others

Enser Communications IPO	Naman In-Store (India) IPO
Vruddhi Engineering Works IPO	TAC Infosec IPO
Naman In-Store (India) IPO	Radiowalla IPO
Omfurn India FPO	Aspire & Innovative IPO
Vishwas Agri Seeds IPO	Blue Pebble IPO
Chatha Foods IPO	Vruddhi Engineering Works IPO
Enfuse Solutions IPO	Omfurn India FPO
KP Green Engineering IPO	Vishwas Agri Seeds IPO
Royal Sense IPO	Chatha Foods IPO
AVP Infracon IPO	Enser Communications IPO
Signoria Creation IPO	Enfuse Solutions IPO

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