Electro Force India IPO vs Presstonic Engineering IPO

Comparision between Electro Force India IPO and Presstonic Engineering IPO.

IPO Details

Electro Force India IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Presstonic Engineering IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Electro Force India IPO	Presstonic Engineering IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Finshore Management Services Limited
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Arham Shares Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the Presstonic Engineering IPO is up to ₹23.30 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of Presstonic Engineering IPO is ₹72.00 per share.

	Electro Force India IPO	Presstonic Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹93.00 per share	₹72.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1600 shares
Fresh Issue Size	60,00,000 shares	32,36,800 shares
Fresh Issue Size (Amount)	up to ₹55.80 Cr	up to ₹23.30 Cr
OFS Issue Size	26,74,800 shares
OFS Issue Size (Amount)	up to ₹24.88 Cr
Issue Size Total	86,74,800 shares	32,36,800 shares
Issue Size Total (Amount)	up to ₹80.68 Cr	up to ₹23.30 Cr

IPO Timetable

Electro Force India IPO opens on Dec 19, 2023, while Presstonic Engineering IPO opens on Dec 11, 2023. The closing date of Electro Force India IPO and Presstonic Engineering IPO is Dec 21, 2023, and Dec 13, 2023, respectively.

	Electro Force India IPO	Presstonic Engineering IPO
Anchor Bid Date
Issue Open	Dec 19, 2023	Dec 11, 2023
Issue Close	Dec 21, 2023	Dec 13, 2023
Basis Of Allotment (Tentative)	Dec 22, 2023	Dec 14, 2023
Initiation of Refunds (Tentative)	Dec 26, 2023	Dec 15, 2023
Credit of Share (Tentative)	Dec 26, 2023	Dec 15, 2023
Listing date (Tentative)	Dec 27, 2023	Dec 18, 2023
Anchor Lockin End date 1	Jan 21, 2024	Jan 13, 2024
Anchor Lockin End date 2	Mar 21, 2024	Mar 13, 2024

Financials

Electro Force India IPO P/E ratio is 20.22, as compared to Presstonic Engineering IPO P/E ratio of 6.28.

Electro Force India IPO

Presstonic Engineering IPO

Financial

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% 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	7,827.00	7,231.51	4,783.37	1,719.96
Revenue	2,314.19	3,028.81	3,443.55	1,587.13
Profit After Tax	711.08	799.60	864.26	-223.69
Net Worth	2,546.41	1,835.33	1,035.73	171.47
Reserves and Surplus	806.41	95.33	535.73	-328.53
Total Borrowing
Amount in ₹ Lakhs

Presstonic Engineering Limited Financial Information (Restated)

Presstonic Engineering Limited's revenue increased by 66.11% and profit after tax (PAT) rose by 1721.76% 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	2,850.69	2,737.68	2,496.71	2,386.97
Revenue	1,431.67	2,113.27	1,272.21	769.44
Profit After Tax	152.21	256.14	14.06	-16.94
Net Worth	645.57	493.36	237.22	223.16
Reserves and Surplus	198.50	269.83	13.69	-0.37
Total Borrowing	1,536.97	1,645.27	1,797.08	1,774.95
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

99.97%

Promoter Shareholding (Post-Issue)

62.93%

57.99%

P/E Ratio

20.22

6.28

Market Cap

₹217.62 Cr.

₹55.49 Cr.

ROE

43.57%%

115%%

ROCE

58.23%%

87%%

Debt/Equity

0.98

EPS

₹4.60

₹5.73

RoNW

43.57%%

51.92%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in Presstonic Engineering IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 0 shares in Presstonic Engineering IPO.

	Electro Force India IPO	Presstonic Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration	4,35,600 shares	1,63,200 shares
QIB	0 shares	0 shares
NII	41,19,600 shares	15,37,600 shares
RII	41,19,600 shares	15,36,000 shares
Employee	0 shares	0 shares
Others
Total	82,39,200 shares	30,73,600 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas Presstonic Engineering IPO subscribed 168.25x.

	Electro Force India IPO	Presstonic Engineering IPO
QIB (times)
NII (times)	2.12x	133.56x
Big NII (times)
Small NII (times)
RII (times)	6.44x	188.94x
Employee (times)
Other (times)
Total (times)	4.28x	168.25x

Compare with others

Electro Force India IPO	Presstonic Engineering IPO
AIK Pipes And Polymers IPO	Sahara Maritime IPO
Indifra IPO	Electro Force India IPO
Sameera Agro IPO	Trident Techlabs IPO
Supreme Power Equipment IPO	Shree OSFM E-Mobility IPO
Sahara Maritime IPO	Siyaram Recycling IPO
Trident Techlabs IPO	S J Logistics IPO
Shree OSFM E-Mobility IPO	Accent Microcell IPO
Siyaram Recycling IPO	Marinetrans India IPO
Presstonic Engineering IPO	Shanti Spintex IPO
S J Logistics IPO	Graphisads IPO

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