Net Avenue Technologies IPO vs Swashthik Plascon IPO

Comparision between Net Avenue Technologies IPO and Swashthik Plascon IPO.

IPO Details

Net Avenue Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Swashthik Plascon IPO is a SME Book Built Issue proposed to list at BSE SME.

	Net Avenue Technologies IPO	Swashthik Plascon IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Shreni Shares Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Shreni Shares Limited	Nikunj Stock Brokers 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 Net Avenue Technologies IPO is up to ₹10.25 Cr whereas the issue size of the Swashthik Plascon IPO is up to ₹40.76 Cr. The final issue price of Net Avenue Technologies IPO is ₹18.00 per share and of Swashthik Plascon IPO is ₹86.00 per share.

	Net Avenue Technologies IPO	Swashthik Plascon IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹16.00 per share	₹80.00 per share
Issue Price (Upper)	₹18.00 per share	₹86.00 per share
Issue Price (Final)	₹18.00 per share	₹86.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	8000 shares	1600 shares
Fresh Issue Size	56,96,000 shares	47,39,200 shares
Fresh Issue Size (Amount)	up to ₹10.25 Cr	up to ₹40.76 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,96,000 shares	47,39,200 shares
Issue Size Total (Amount)	up to ₹10.25 Cr	up to ₹40.76 Cr

IPO Timetable

Net Avenue Technologies IPO opens on Nov 30, 2023, while Swashthik Plascon IPO opens on Nov 24, 2023. The closing date of Net Avenue Technologies IPO and Swashthik Plascon IPO is Dec 04, 2023, and Nov 29, 2023, respectively.

	Net Avenue Technologies IPO	Swashthik Plascon IPO
Anchor Bid Date	Nov 29, 2023	Nov 23, 2023
Issue Open	Nov 30, 2023	Nov 24, 2023
Issue Close	Dec 04, 2023	Nov 29, 2023
Basis Of Allotment (Tentative)	Dec 07, 2023	Dec 04, 2023
Initiation of Refunds (Tentative)	Dec 08, 2023	Dec 05, 2023
Credit of Share (Tentative)	Dec 11, 2023	Dec 05, 2023
Listing date (Tentative)	Dec 08, 2023	Dec 05, 2023
Anchor Lockin End date 1	Jan 06, 2024	Jan 03, 2024
Anchor Lockin End date 2	Mar 06, 2024	Mar 03, 2024

Financials

Net Avenue Technologies IPO P/E ratio is 8.57, as compared to Swashthik Plascon IPO P/E ratio of 17.23.

Net Avenue Technologies IPO

Swashthik Plascon IPO

Financial

Net Avenue Technologies Limited Financial Information (Restated Consolidated)

Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% 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	1,317.92	1,419.90	1,295.26	769.85
Revenue	783.89	3,451.26	3,276.16	1,447.54
Profit After Tax	94.39	176.40	261.51	23.11
Net Worth	328.70	233.54	42.57	-228.37
Reserves and Surplus	306.57	211.41	20.44	-250.50
Total Borrowing	292.69	276.06	84.24	191.07
Amount in ₹ Lakhs

Swashthik Plascon Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	11,416.09	11,076.25
Revenue	6,973.65	4,589.10
Profit After Tax	528.48	302.19
Net Worth	2,564.07	2,037.09
Reserves and Surplus	1,281.59	754.61
Total Borrowing	6,231.66	5,879.54
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

45.31%

60.00%

Promoter Shareholding (Post-Issue)

33.28%

43.81%

P/E Ratio

8.57

17.23

Market Cap

₹38.62 Cr.

₹151.05 Cr.

ROE

127.77%%

22.78%%

ROCE

5.28%%

17.30%%

Debt/Equity

1.18

2.89

EPS

₹2.10

₹4.99

RoNW

75.53%%

14.95%%

Shares Offered

In the Net Avenue Technologies IPO retail investors (RII) are offered 18,96,000 shares while in Swashthik Plascon IPO retail investors are offered 18,96,000 shares. Qualified institutional buyers (QIB) are offered 10,80,000 shares in Net Avenue Technologies IPO and 9,00,800 shares in Swashthik Plascon IPO.

	Net Avenue Technologies IPO	Swashthik Plascon IPO
Anchor Investor Reserveration	16,16,000 shares	13,48,800 shares
Market Maker Reserveration	2,88,000 shares	2,38,400 shares
QIB	10,80,000 shares	9,00,800 shares
NII	8,16,000 shares	6,75,200 shares
RII	18,96,000 shares	15,76,000 shares
Employee	0 shares	0 shares
Others
Total	37,92,000 shares	31,52,000 shares

Bids Received (Subscription)

Net Avenue Technologies IPO subscribed 511.21x in total, whereas Swashthik Plascon IPO subscribed 15.43x.

	Net Avenue Technologies IPO	Swashthik Plascon IPO
QIB (times)	61.99x	3.42x
NII (times)	616.25x	35.76x
Big NII (times)
Small NII (times)
RII (times)	721.89x	13.58x
Employee (times)
Other (times)
Total (times)	511.21x	15.43x

Compare with others

Net Avenue Technologies IPO	Swashthik Plascon IPO
Accent Microcell IPO	Shanti Spintex IPO
Marinetrans India IPO	Graphisads IPO
Shanti Spintex IPO	AMIC Forging IPO
Graphisads IPO	Net Avenue Technologies IPO
AMIC Forging IPO	Deepak Chemtex IPO
Deepak Chemtex IPO	Rockingdeals Circular Economy IPO
Swashthik Plascon IPO	Arrowhead Seperation Engineering IPO
Rockingdeals Circular Economy IPO	Kalyani Cast Tech IPO
Arrowhead Seperation Engineering IPO	ROX Hi-Tech IPO
Kalyani Cast Tech IPO	Sunrest Lifescience IPO

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