Innovatus Entertainment Networks IPO vs Oriana Power IPO

Comparision between Innovatus Entertainment Networks IPO and Oriana Power IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Oriana Power IPO is a SME Book Built Issue proposed to list at NSE SME.

	Innovatus Entertainment Networks IPO	Oriana Power IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Corporate Capitalventures Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Pure Broking 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 Innovatus Entertainment Networks IPO is up to ₹7.74 Cr whereas the issue size of the Oriana Power IPO is up to ₹59.66 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Oriana Power IPO is ₹118.00 per share.

	Innovatus Entertainment Networks IPO	Oriana Power IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹115.00 per share
Issue Price (Upper)		₹118.00 per share
Issue Price (Final)	₹50.00 per share	₹118.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	15,48,000 shares	50,55,600 shares
Fresh Issue Size (Amount)	up to ₹7.74 Cr	up to ₹59.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,48,000 shares	50,55,600 shares
Issue Size Total (Amount)	up to ₹7.74 Cr	up to ₹59.66 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Oriana Power IPO opens on Aug 01, 2023. The closing date of Innovatus Entertainment Networks IPO and Oriana Power IPO is Jul 27, 2023, and Aug 03, 2023, respectively.

	Innovatus Entertainment Networks IPO	Oriana Power IPO
Anchor Bid Date		Jul 31, 2023
Issue Open	Jul 25, 2023	Aug 01, 2023
Issue Close	Jul 27, 2023	Aug 03, 2023
Basis Of Allotment (Tentative)	Aug 01, 2023	Aug 08, 2023
Initiation of Refunds (Tentative)	Aug 02, 2023	Aug 09, 2023
Credit of Share (Tentative)	Aug 03, 2023	Aug 10, 2023
Listing date (Tentative)	Aug 04, 2023	Aug 11, 2023
Anchor Lockin End date 1	Aug 31, 2023	Sep 07, 2023
Anchor Lockin End date 2	Oct 30, 2023	Nov 06, 2023

Financials

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Oriana Power IPO P/E ratio of 20.7.

Innovatus Entertainment Networks IPO

Oriana Power 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

Oriana Power Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	2,964.83	3,376.98	282.38	771.29	464.29	75.23
31-Mar-22	5,572.69	10,146.86	695.53	1,775.82	1,159.82	769.07
31-Mar-23	7,799.99	13,395.37	1,268.52	3,621.84	2,950.84	1,489.19
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.97%

83.40%

Promoter Shareholding (Post-Issue)

60.87%

61.41%

P/E Ratio

20.7

Market Cap

₹19.79 Cr.

₹226.36 Cr.

ROE

9.98%%

1.97%

ROCE

11.32%%

46%%

Debt/Equity

0.32

0.41

EPS

₹2.00

₹20.85

RoNW

9.98%%

35.36%%

Shares Offered

In the Innovatus Entertainment Networks IPO retail investors (RII) are offered 7,35,000 shares while in Oriana Power IPO retail investors are offered 7,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innovatus Entertainment Networks IPO and 9,60,000 shares in Oriana Power IPO.

	Innovatus Entertainment Networks IPO	Oriana Power IPO
Anchor Investor Reserveration		14,40,000 shares
Market Maker Reserveration	78,000 shares	2,55,600 shares
QIB	0 shares	9,60,000 shares
NII	7,35,000 shares	7,20,000 shares
RII	7,35,000 shares	16,80,000 shares
Employee	0 shares	0 shares
Others
Total	14,70,000 shares	33,60,000 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Oriana Power IPO subscribed 176.58x.

	Innovatus Entertainment Networks IPO	Oriana Power IPO
QIB (times)		72.16x
NII (times)	56.58x	251.74x
Big NII (times)
Small NII (times)
RII (times)	150.50x	204.04x
Employee (times)
Other (times)
Total (times)	105.21x	176.58x

Compare with others

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

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