AVP Infracon IPO vs Pratham EPC Projects IPO

Comparision between AVP Infracon IPO and Pratham EPC Projects IPO.

IPO Details

AVP Infracon IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Pratham EPC Projects IPO is a SME Book Built Issue proposed to list at NSE SME.

	AVP Infracon IPO	Pratham EPC Projects IPO
Logo	$AVP Infracon IPO Logo$
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	Beeline Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Link Intime India Private Ltd
Market Maker	Share India Securities Limited	Spread X Securities Private 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 AVP Infracon IPO is up to ₹52.34 Cr whereas the issue size of the Pratham EPC Projects IPO is up to ₹36.00 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Pratham EPC Projects IPO is ₹75.00 per share.

	AVP Infracon IPO	Pratham EPC Projects IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹71.00 per share
Issue Price (Upper)	₹75.00 per share	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	69,79,200 shares	48,00,000 shares
Fresh Issue Size (Amount)	up to ₹52.34 Cr	up to ₹36.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,79,200 shares	48,00,000 shares
Issue Size Total (Amount)	up to ₹52.34 Cr	up to ₹36.00 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Pratham EPC Projects IPO opens on Mar 11, 2024. The closing date of AVP Infracon IPO and Pratham EPC Projects IPO is Mar 15, 2024, and Mar 13, 2024, respectively.

	AVP Infracon IPO	Pratham EPC Projects IPO
Anchor Bid Date	Mar 12, 2024	Mar 07, 2024
Issue Open	Mar 13, 2024	Mar 11, 2024
Issue Close	Mar 15, 2024	Mar 13, 2024
Basis Of Allotment (Tentative)	Mar 18, 2024	Mar 14, 2024
Initiation of Refunds (Tentative)	Mar 19, 2024	Mar 15, 2024
Credit of Share (Tentative)	Mar 19, 2024	Mar 15, 2024
Listing date (Tentative)	Mar 20, 2024	Mar 18, 2024
Anchor Lockin End date 1	Apr 17, 2024	Apr 13, 2024
Anchor Lockin End date 2	Jun 16, 2024	Jun 12, 2024

Financials

AVP Infracon IPO P/E ratio is 11.2, as compared to Pratham EPC Projects IPO P/E ratio of 12.72.

AVP Infracon IPO

Pratham EPC Projects IPO

Financial

AVP Infracon Limited Financial Information (Restated Consolidated)

Period Ended	31 Oct 2023	31 Mar 2023
Assets	17,232.87	14,670.84
Revenue	7,411.90	11,550.09
Profit After Tax	855.78	1,205.31
Net Worth	3,405.31	2,549.66
Reserves and Surplus	1,605.31	2,069.66
Total Borrowing	7,791.95	6,729.31
Amount in ₹ Lakhs

Pratham EPC Projects Limited Financial Information (Restated Standalone)

Pratham EPC Projects Limited's revenue increased by 2.07% and profit after tax (PAT) rose by 73.14% 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	4,643.75	4,849.75	2,850.17	2,041.93
Revenue	3,581.37	5,167.29	5,062.66	3,085.03
Profit After Tax	523.41	764.12	441.32	112.85
Net Worth	2,321.26	1,797.86	1,033.73	592.41
Reserves and Surplus	1,025.26	1,716.86	952.73	511.41
Total Borrowing	952.27	1,418.83	246.26	199.48
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.5%

100.00%

Promoter Shareholding (Post-Issue)

62.33%

72.97%

P/E Ratio

11.2

12.72

Market Cap

₹187.34 Cr.

₹133.20 Cr.

ROE

25.05%%

45.10%

ROCE

22.63%%

24.81%

Debt/Equity

1.96

EPS

₹6.70

₹5.90

RoNW

25.05%%

22.55%

Shares Offered

In the AVP Infracon IPO retail investors (RII) are offered 21,90,400 shares while in Pratham EPC Projects IPO retail investors are offered 21,90,400 shares. Qualified institutional buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 9,12,000 shares in Pratham EPC Projects IPO.

	AVP Infracon IPO	Pratham EPC Projects IPO
Anchor Investor Reserveration	18,70,400 shares	13,66,400 shares
Market Maker Reserveration	7,31,200 shares	2,40,000 shares
QIB	12,48,000 shares	9,12,000 shares
NII	9,39,200 shares	6,84,800 shares
RII	21,90,400 shares	15,96,800 shares
Employee	0 shares	0 shares
Others
Total	43,77,600 shares	31,93,600 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Pratham EPC Projects IPO subscribed 178.54x.

	AVP Infracon IPO	Pratham EPC Projects IPO
QIB (times)	1.05x	70.28x
NII (times)	46.15x	320.53x
Big NII (times)
Small NII (times)
RII (times)	22.49x	179.48x
Employee (times)
Other (times)
Total (times)	21.45x	178.54x

Compare with others

AVP Infracon IPO	Pratham EPC Projects IPO
Chatha Foods IPO	Enfuse Solutions IPO
Enser Communications IPO	KP Green Engineering IPO
Enfuse Solutions IPO	Royal Sense IPO
KP Green Engineering IPO	AVP Infracon IPO
Royal Sense IPO	Signoria Creation IPO
Signoria Creation IPO	Koura Fine Diamond Jewelry IPO
Pratham EPC Projects IPO	Shree Karni Fabcom IPO
Koura Fine Diamond Jewelry IPO	V R Infraspace IPO
Shree Karni Fabcom IPO	Sona Machinery IPO
V R Infraspace IPO	Pune E-Stock Broking IPO

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