Esconet Technologies IPO vs Purv Flexipack IPO

Comparision between Esconet Technologies IPO and Purv Flexipack IPO.

IPO Details

Esconet Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Purv Flexipack IPO is a SME Book Built Issue proposed to list at NSE SME.

	Esconet Technologies IPO	Purv Flexipack 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	Corporate Capitalventures Pvt Ltd	Holani Consultants Private Limited
Registrar	Skyline Financial Services Private Ltd	Link Intime India Private Ltd
Market Maker	Ss Corporate Securities Limited	Holani Consultants 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 Esconet Technologies IPO is up to ₹28.22 Cr whereas the issue size of the Purv Flexipack IPO is up to ₹40.21 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Purv Flexipack IPO is ₹71.00 per share.

	Esconet Technologies IPO	Purv Flexipack IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹70.00 per share
Issue Price (Upper)	₹84.00 per share	₹71.00 per share
Issue Price (Final)	₹84.00 per share	₹71.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	33,60,000 shares	56,64,000 shares
Fresh Issue Size (Amount)	up to ₹28.22 Cr	up to ₹40.21 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	33,60,000 shares	56,64,000 shares
Issue Size Total (Amount)	up to ₹28.22 Cr	up to ₹40.21 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Purv Flexipack IPO opens on Feb 27, 2024. The closing date of Esconet Technologies IPO and Purv Flexipack IPO is Feb 20, 2024, and Feb 29, 2024, respectively.

	Esconet Technologies IPO	Purv Flexipack IPO
Anchor Bid Date	Feb 15, 2024	Feb 26, 2024
Issue Open	Feb 16, 2024	Feb 27, 2024
Issue Close	Feb 20, 2024	Feb 29, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Mar 01, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Mar 04, 2024
Credit of Share (Tentative)	Feb 22, 2024	Mar 04, 2024
Listing date (Tentative)	Feb 23, 2024	Mar 05, 2024
Anchor Lockin End date 1	Mar 22, 2024	Mar 31, 2024
Anchor Lockin End date 2	May 21, 2024	May 30, 2024

Financials

Esconet Technologies IPO P/E ratio is 24.87, as compared to Purv Flexipack IPO P/E ratio of 13.17.

Esconet Technologies IPO

Purv Flexipack IPO

Financial

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	4,260.46	2,798.37
Revenue	7,146.71	9,690.84
Profit After Tax	305.47	304.00
Net Worth	902.97	554.47
Reserves and Surplus	825.19	477.48
Total Borrowing	1,008.95	1,103.89
Amount in ₹ Lakhs

Purv Flexipack Limited Financial Information (Restated)

Purv Flexipack Limited's revenue increased by 48.66% and profit after tax (PAT) rose by 31.82% 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	28,315.64	25,852.83	18,146.73	15,417.62
Revenue	13,935.79	34,107.83	22,943.81	13,780.26
Profit After Tax	430.13	826.13	626.73	567.50
Net Worth	8,152.42	7,619.22	6,793.09	5,898.36
Reserves and Surplus	6,740.54	6,207.34	5,381.21	4,486.48
Total Borrowing	15,013.96	12,350.98	8,340.10	7,077.77
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.18%

92.17%

Promoter Shareholding (Post-Issue)

64.94%

P/E Ratio

24.87

13.17

Market Cap

₹103.82 Cr.

₹148.98 Cr.

ROE

75.54%%

11.46%%

ROCE

59.11%%

18.50%%

Debt/Equity

1.99

1.62

EPS

₹39.63

₹5.39

RoNW

54.83%%

10.84%%

Shares Offered

In the Esconet Technologies IPO retail investors (RII) are offered 11,15,200 shares while in Purv Flexipack IPO retail investors are offered 11,15,200 shares. Qualified institutional buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 10,52,800 shares in Purv Flexipack IPO.

	Esconet Technologies IPO	Purv Flexipack IPO
Anchor Investor Reserveration	9,53,600 shares	15,16,800 shares
Market Maker Reserveration	1,76,000 shares	3,48,800 shares
QIB	6,36,800 shares	10,52,800 shares
NII	4,78,400 shares	8,44,800 shares
RII	11,15,200 shares	19,00,800 shares
Employee	0 shares	0 shares
Others
Total	22,30,400 shares	37,98,400 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Purv Flexipack IPO subscribed 421.78x.

	Esconet Technologies IPO	Purv Flexipack IPO
QIB (times)	156.02x	157.32x
NII (times)	868.05x	690.72x
Big NII (times)
Small NII (times)
RII (times)	553.02x	448.73x
Employee (times)
Other (times)
Total (times)	507.24x	421.78x

Compare with others

Esconet Technologies IPO	Purv Flexipack IPO
Owais Metal and Mineral Processing IPO	V R Infraspace IPO
Purv Flexipack IPO	Sona Machinery IPO
Sadhav Shipping IPO	Pune E-Stock Broking IPO
Deem Roll Tech IPO	M.V.K. Agro Food IPO
Zenith Drugs IPO	Owais Metal and Mineral Processing IPO
Trust Fintech IPO	Sadhav Shipping IPO
Interiors and More IPO	Deem Roll Tech IPO
Atmastco IPO	Zenith Drugs IPO
Thaai Casting IPO	Esconet Technologies IPO
Kalahridhaan Trendz IPO	Trust Fintech IPO

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