Envirotech Systems IPO vs Paramount Speciality Forgings IPO

Comparision between Envirotech Systems IPO and Paramount Speciality Forgings IPO.

IPO Details

Envirotech Systems IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Paramount Speciality Forgings IPO is a SME Book Built Issue proposed to list at NSE SME.

	Envirotech Systems IPO	Paramount Speciality Forgings IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Share India Capital Services Private Limited	Swaraj shares and securities private limited
Registrar	Bigshare Services Pvt Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Share India Securities Limited	Shreni Shares 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 Envirotech Systems IPO is up to ₹30.24 Cr whereas the issue size of the Paramount Speciality Forgings IPO is up to ₹32.34 Cr. The final issue price of Envirotech Systems IPO is ₹56.00 per share and of Paramount Speciality Forgings IPO is ₹59.00 per share.

	Envirotech Systems IPO	Paramount Speciality Forgings IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹53.00 per share	₹57.00 per share
Issue Price (Upper)	₹56.00 per share	₹59.00 per share
Issue Price (Final)	₹56.00 per share	₹59.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	54,00,000 shares	48,02,000 shares
Fresh Issue Size (Amount)	up to ₹30.24 Cr	up to ₹28.33 Cr
OFS Issue Size		6,80,000 shares
OFS Issue Size (Amount)		up to ₹4.01 Cr
Issue Size Total	54,00,000 shares	54,82,000 shares
Issue Size Total (Amount)	up to ₹30.24 Cr	up to ₹32.34 Cr

IPO Timetable

Envirotech Systems IPO opens on Sep 13, 2024, while Paramount Speciality Forgings IPO opens on Sep 17, 2024. The closing date of Envirotech Systems IPO and Paramount Speciality Forgings IPO is Sep 19, 2024, and Sep 20, 2024, respectively.

	Envirotech Systems IPO	Paramount Speciality Forgings IPO
Anchor Bid Date	Sep 12, 2024	Sep 16, 2024
Issue Open	Sep 13, 2024	Sep 17, 2024
Issue Close	Sep 19, 2024	Sep 20, 2024
Basis Of Allotment (Tentative)	Sep 20, 2024	Sep 23, 2024
Initiation of Refunds (Tentative)	Sep 23, 2024	Sep 24, 2024
Credit of Share (Tentative)	Sep 23, 2024	Sep 24, 2024
Listing date (Tentative)	Sep 24, 2024	Sep 25, 2024
Anchor Lockin End date 1	Oct 20, 2024	Oct 22, 2024
Anchor Lockin End date 2	Dec 19, 2024	Dec 21, 2024

Financials

Envirotech Systems IPO P/E ratio is 6.56, as compared to Paramount Speciality Forgings IPO P/E ratio of 12.1.

Envirotech Systems IPO

Paramount Speciality Forgings IPO

Financial

Envirotech Systems Limited Financial Information (Restated)

Envirotech Systems Limited's revenue increased by 63% and profit after tax (PAT) rose by 344% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	3,867.47	2,275.73	1,386.51
Revenue	4,687.95	2,874.78	1,849.54
Profit After Tax	1,142.88	257.34	105.73
Net Worth	1,960.62	661.73	404.4
Reserves and Surplus	621.62	611.73	354.4
Total Borrowing	240.5	260.67	276.61
Amount in ₹ Lakhs

Paramount Speciality Forgings Limited Financial Information (Restated)

Paramount Speciality Forgings Limited's revenue increased by 1% and profit after tax (PAT) rose by 163% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	8,179.18	7,223.87	5,450.48
Revenue	11,363.62	11,224.1	9,243.16
Profit After Tax	725.36	275.84	313.44
Net Worth	2,291.49	1,566.14	1,970.49
Reserves and Surplus	803.49	1,565.14	1,969.49
Total Borrowing	2,492.82	2,027.65	1,176.93
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.48%

100.00%

Promoter Shareholding (Post-Issue)

68.75%

72.15%

P/E Ratio

6.56

12.1

Market Cap

₹105.22 Cr.

₹116.12 Cr.

ROE

58.29%%

32%%

ROCE

62.43%%

40%%

Debt/Equity

1.09

EPS

₹8.54

₹4.87

RoNW

58.29%%

31.65%%

Shares Offered

In the Envirotech Systems IPO retail investors (RII) are offered 16,46,000 shares while in Paramount Speciality Forgings IPO retail investors are offered 16,46,000 shares. Qualified institutional buyers (QIB) are offered 9,40,000 shares in Envirotech Systems IPO and 10,40,000 shares in Paramount Speciality Forgings IPO.

	Envirotech Systems IPO	Paramount Speciality Forgings IPO
Anchor Investor Reserveration	14,06,000 shares	15,60,000 shares
Market Maker Reserveration	7,02,000 shares	2,76,000 shares
QIB	9,40,000 shares	10,40,000 shares
NII	7,06,000 shares	7,82,000 shares
RII	16,46,000 shares	18,24,000 shares
Employee	0 shares	0 shares
Others
Total	32,92,000 shares	36,46,000 shares

Bids Received (Subscription)

Envirotech Systems IPO subscribed 91.67x in total, whereas Paramount Speciality Forgings IPO subscribed 73.88x.

	Envirotech Systems IPO	Paramount Speciality Forgings IPO
QIB (times)	68.12x	20.88x
NII (times)	187.14x	220.24x
Big NII (times)
Small NII (times)
RII (times)	64.16x	41.35x
Employee (times)
Other (times)
Total (times)	91.67x	73.88x

Compare with others

Envirotech Systems IPO	Paramount Speciality Forgings IPO
Osel Devices IPO	WOL 3D IPO
Paramount Speciality Forgings IPO	SD Retail IPO
Popular Foundations IPO	BikeWo GreenTech IPO
Sodhani Academy of Fintech Enablers IPO	Pelatro IPO
Deccan Transcon Leasing IPO	Osel Devices IPO
Trafiksol ITS Technologies IPO	Popular Foundations IPO
Gajanand International IPO	Sodhani Academy of Fintech Enablers IPO
Innomet Advanced Materials IPO	Deccan Transcon Leasing IPO
SPP Polymer IPO	Envirotech Systems IPO
Share Samadhan IPO	Trafiksol ITS Technologies IPO

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