AVP Infracon IPO vs Royal Sense IPO

Comparision between AVP Infracon IPO and Royal Sense IPO.

IPO Details

AVP Infracon IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Royal Sense IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	AVP Infracon IPO	Royal Sense IPO
Logo	$AVP Infracon IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Share India Capital Services Private Limited	Expert Global Consultants Private Limited
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Share India Securities Limited	Rikhav Securities 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 AVP Infracon IPO is up to ₹52.34 Cr whereas the issue size of the Royal Sense IPO is up to ₹9.86 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Royal Sense IPO is ₹68.00 per share.

	AVP Infracon IPO	Royal Sense IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share
Issue Price (Upper)	₹75.00 per share
Issue Price (Final)	₹75.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	69,79,200 shares	14,50,000 shares
Fresh Issue Size (Amount)	up to ₹52.34 Cr	up to ₹9.86 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,79,200 shares	14,50,000 shares
Issue Size Total (Amount)	up to ₹52.34 Cr	up to ₹9.86 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Royal Sense IPO opens on Mar 12, 2024. The closing date of AVP Infracon IPO and Royal Sense IPO is Mar 15, 2024, and Mar 14, 2024, respectively.

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

Financials

AVP Infracon IPO P/E ratio is 11.2, as compared to Royal Sense IPO P/E ratio of 33.33.

AVP Infracon IPO

Royal Sense 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

Royal Sense Limited Financial Information (Restated)

Period Ended	30 Sep 2023
Assets	569.87
Revenue	804.07
Profit After Tax	70.28
Net Worth	415.29
Reserves and Surplus	70.28
Total Borrowing	27.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.5%

99.99%

Promoter Shareholding (Post-Issue)

62.33%

67.15%

P/E Ratio

11.2

33.33

Market Cap

₹187.34 Cr.

₹33.32 Cr.

ROE

25.05%%

17.00%%

ROCE

22.63%%

23.00%%

Debt/Equity

1.96

EPS

₹6.70

₹2.04

RoNW

25.05%%

17.00%%

Shares Offered

In the AVP Infracon IPO retail investors (RII) are offered 21,90,400 shares while in Royal Sense IPO retail investors are offered 21,90,400 shares. Qualified institutional buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 0 shares in Royal Sense IPO.

	AVP Infracon IPO	Royal Sense IPO
Anchor Investor Reserveration	18,70,400 shares
Market Maker Reserveration	7,31,200 shares	1,60,000 shares
QIB	12,48,000 shares	0 shares
NII	9,39,200 shares	6,45,000 shares
RII	21,90,400 shares	6,45,000 shares
Employee	0 shares	0 shares
Others
Total	43,77,600 shares	12,90,000 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Royal Sense IPO subscribed 8.52x.

	AVP Infracon IPO	Royal Sense IPO
QIB (times)	1.05x
NII (times)	46.15x	9.72x
Big NII (times)
Small NII (times)
RII (times)	22.49x	7.32x
Employee (times)
Other (times)
Total (times)	21.45x	8.52x

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