Phoenix Overseas IPO vs TechEra Engineering IPO

Comparision between Phoenix Overseas IPO and TechEra Engineering IPO.

IPO Details

Phoenix Overseas IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TechEra Engineering IPO is a SME Book Built Issue proposed to list at NSE SME.

	Phoenix Overseas IPO	TechEra Engineering 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	Khandwala Securities Limited	SKI Capital Services Limited
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	SKI Capital Services 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 Phoenix Overseas IPO is up to ₹36.03 Cr whereas the issue size of the TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Phoenix Overseas IPO is ₹64.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

	Phoenix Overseas IPO	TechEra Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹61.00 per share	₹75.00 per share
Issue Price (Upper)	₹64.00 per share	₹82.00 per share
Issue Price (Final)	₹64.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	45,80,000 shares	43,77,600 shares
Fresh Issue Size (Amount)	up to ₹29.31 Cr	up to ₹35.90 Cr
OFS Issue Size	10,50,000 shares
OFS Issue Size (Amount)	up to ₹6.72 Cr
Issue Size Total	56,30,000 shares	43,77,600 shares
Issue Size Total (Amount)	up to ₹36.03 Cr	up to ₹35.90 Cr

IPO Timetable

Phoenix Overseas IPO opens on Sep 20, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Phoenix Overseas IPO and TechEra Engineering IPO is Sep 24, 2024, and Sep 27, 2024, respectively.

	Phoenix Overseas IPO	TechEra Engineering IPO
Anchor Bid Date		Sep 24, 2024
Issue Open	Sep 20, 2024	Sep 25, 2024
Issue Close	Sep 24, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Oct 01, 2024
Credit of Share (Tentative)	Sep 26, 2024	Oct 01, 2024
Listing date (Tentative)	Sep 27, 2024	Oct 03, 2024
Anchor Lockin End date 1		Oct 30, 2024
Anchor Lockin End date 2		Dec 29, 2024

Financials

Phoenix Overseas IPO P/E ratio is 17.18, as compared to TechEra Engineering IPO P/E ratio of 20.65.

Phoenix Overseas IPO

TechEra Engineering IPO

Financial

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% 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	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% 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	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.16%

57.48%

Promoter Shareholding (Post-Issue)

P/E Ratio

17.18

20.65

Market Cap

₹123.81 Cr.

₹135.47 Cr.

ROE

10.74%%

30.33%%

ROCE

15.28%%

23..47%%

Debt/Equity

0.59

0.9

EPS

₹3.72

₹3.97

RoNW

10.74%%

30.33%%

Shares Offered

In the Phoenix Overseas IPO retail investors (RII) are offered 22,46,000 shares while in TechEra Engineering IPO retail investors are offered 22,46,000 shares. Qualified institutional buyers (QIB) are offered 8,02,000 shares in Phoenix Overseas IPO and 8,32,000 shares in TechEra Engineering IPO.

	Phoenix Overseas IPO	TechEra Engineering IPO
Anchor Investor Reserveration		12,46,400 shares
Market Maker Reserveration	1,96,000 shares	2,19,200 shares
QIB	8,02,000 shares	8,32,000 shares
NII	23,86,000 shares	6,24,000 shares
RII	22,46,000 shares	14,56,000 shares
Employee	0 shares	0 shares
Others
Total	54,34,000 shares	29,12,000 shares

Bids Received (Subscription)

Phoenix Overseas IPO subscribed 119.22x in total, whereas TechEra Engineering IPO subscribed 69.80x.

	Phoenix Overseas IPO	TechEra Engineering IPO
QIB (times)	65.74x	31.22x
NII (times)	109.71x	128.88x
Big NII (times)
Small NII (times)
RII (times)	148.43x	66.52x
Employee (times)
Other (times)
Total (times)	119.22x	69.80x

Compare with others

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SD Retail IPO	Kalana Ispat IPO
BikeWo GreenTech IPO	Avi Ansh Textile IPO
Pelatro IPO	Rappid Valves (India) IPO
Osel Devices IPO	Phoenix Overseas IPO

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