E Factor Experiences IPO vs Rajgor Castor Derivatives IPO

Comparision between E Factor Experiences IPO and Rajgor Castor Derivatives IPO.

IPO Details

E Factor Experiences IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rajgor Castor Derivatives IPO is a SME Book Built Issue proposed to list at NSE SME.

	E Factor Experiences IPO	Rajgor Castor Derivatives 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	Hem Securities Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Maashitla Securities Private Limited	Link Intime India Private Ltd
Market Maker	Hem Finlease Private 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 E Factor Experiences IPO is up to ₹25.92 Cr whereas the issue size of the Rajgor Castor Derivatives IPO is up to ₹47.81 Cr. The final issue price of E Factor Experiences IPO is ₹75.00 per share and of Rajgor Castor Derivatives IPO is ₹50.00 per share.

	E Factor Experiences IPO	Rajgor Castor Derivatives IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹47.00 per share
Issue Price (Upper)	₹75.00 per share	₹50.00 per share
Issue Price (Final)	₹75.00 per share	₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size	34,56,000 shares	88,95,000 shares
Fresh Issue Size (Amount)	up to ₹25.92 Cr	up to ₹44.48 Cr
OFS Issue Size		6,66,000 shares
OFS Issue Size (Amount)		up to ₹3.33 Cr
Issue Size Total	34,56,000 shares	95,61,000 shares
Issue Size Total (Amount)	up to ₹25.92 Cr	up to ₹47.81 Cr

IPO Timetable

E Factor Experiences IPO opens on Sep 27, 2023, while Rajgor Castor Derivatives IPO opens on Oct 17, 2023. The closing date of E Factor Experiences IPO and Rajgor Castor Derivatives IPO is Oct 03, 2023, and Oct 20, 2023, respectively.

	E Factor Experiences IPO	Rajgor Castor Derivatives IPO
Anchor Bid Date	Sep 26, 2023	Oct 16, 2023
Issue Open	Sep 27, 2023	Oct 17, 2023
Issue Close	Oct 03, 2023	Oct 20, 2023
Basis Of Allotment (Tentative)	Oct 06, 2023	Oct 26, 2023
Initiation of Refunds (Tentative)	Oct 07, 2023	Oct 27, 2023
Credit of Share (Tentative)	Oct 08, 2023	Oct 30, 2023
Listing date (Tentative)	Oct 09, 2023	Oct 31, 2023
Anchor Lockin End date 1	Nov 05, 2023	Nov 25, 2023
Anchor Lockin End date 2	Jan 04, 2024	Jan 24, 2024

Financials

E Factor Experiences IPO P/E ratio is 9.59, as compared to Rajgor Castor Derivatives IPO P/E ratio of 1.66.

E Factor Experiences IPO

Rajgor Castor Derivatives IPO

Financial

E Factor Experiences IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	2,581.94	4,916.87	5,674.80
Revenue	990.56	5,700.24	11,945.21
Profit After Tax	123.39	255.73	761.35
Net Worth	96.96	351.85	1,101.67
Reserves and Surplus	-247.04	5.36	138.46
Total Borrowing	683.23	590.95	912.74

Amount in ₹ Lakhs

Rajgor Castor Derivatives Limited Financial Information (Restated)

Rajgor Castor Derivatives Limited's revenue increased by 948.26% and profit after tax (PAT) rose by 962.41% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021	31 Mar 2020
Assets	9,847.95	7,782.64	3,753.42	2,578.48	2,645.34
Revenue	11,276.10	42,887.35	4,091.30	1,100.69	1,497.33
Profit After Tax	192.57	554.47	52.19	-180.18	-97.02
Net Worth	2,558.24	2,365.55	201.90	149.71
Reserves and Surplus	2,343.54	2,150.97	190.12	137.93	318.12
Total Borrowing	5,178.96	4,450.93	1,809.51	2,286.28
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.99%

100%

Promoter Shareholding (Post-Issue)

73.59%

P/E Ratio

9.59

1.66

Market Cap

₹98.16 Cr.

₹119.58 Cr.

ROE

103.79%%

43.19%%

ROCE

54.85%%

22.97%%

Debt/Equity

0.83

1.88

EPS

₹7.82

₹30.06

RoNW

68.35%%

23.44%%

Shares Offered

In the E Factor Experiences IPO retail investors (RII) are offered 11,48,800 shares while in Rajgor Castor Derivatives IPO retail investors are offered 11,48,800 shares. Qualified institutional buyers (QIB) are offered 6,56,000 shares in E Factor Experiences IPO and 17,22,000 shares in Rajgor Castor Derivatives IPO.

	E Factor Experiences IPO	Rajgor Castor Derivatives IPO
Anchor Investor Reserveration	9,84,000 shares	27,12,000 shares
Market Maker Reserveration	1,74,400 shares	5,01,000 shares
QIB	6,56,000 shares	17,22,000 shares
NII	4,92,800 shares	13,62,000 shares
RII	11,48,800 shares	31,42,000 shares
Employee	0 shares	0 shares
Others
Total	22,97,600 shares	62,26,000 shares

Bids Received (Subscription)

E Factor Experiences IPO subscribed 73.14x in total, whereas Rajgor Castor Derivatives IPO subscribed 107.43x.

	E Factor Experiences IPO	Rajgor Castor Derivatives IPO
QIB (times)	46.09x	35.52x
NII (times)	168.26x	260.01x
Big NII (times)
Small NII (times)
RII (times)	47.78x	80.70x
Employee (times)
Other (times)
Total (times)	73.14x	107.43x

Compare with others

E Factor Experiences IPO	Rajgor Castor Derivatives IPO
Vinyas Innovative Technologies IPO	Plada Infotech Services IPO
Plada Infotech Services IPO	Sharp Chucks And Machines IPO
Sharp Chucks And Machines IPO	Kontor Space IPO
Kontor Space IPO	Vishnusurya Projects and Infra IPO
Vishnusurya Projects and Infra IPO	E Factor Experiences IPO
Rajgor Castor Derivatives IPO	Arabian Petroleum IPO
Arabian Petroleum IPO	Newjaisa Technologies IPO
Newjaisa Technologies IPO	Inspire Films IPO
Inspire Films IPO	Goyal Salt IPO
Goyal Salt IPO	Saakshi Medtech and Panels IPO

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