Electro Force India IPO vs S J Logistics IPO

Comparision between Electro Force India IPO and S J Logistics IPO.

IPO Details

Electro Force India IPO is a SME Book Built Issue IPO proposed to list at NSE SME while S J Logistics IPO is a SME Book Built Issue proposed to list at NSE SME.

	Electro Force India IPO	S J Logistics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	First Overseas Capital Limited	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Maashitla Securities Private Limited
Market Maker	Arham Shares Private Limited	Hem Finlease Private 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 Electro Force India IPO is up to ₹80.68 Cr whereas the issue size of the S J Logistics IPO is up to ₹48.00 Cr. The final issue price of Electro Force India IPO is ₹93.00 per share and of S J Logistics IPO is ₹125.00 per share.

	Electro Force India IPO	S J Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹121.00 per share
Issue Price (Upper)		₹125.00 per share
Issue Price (Final)	₹93.00 per share	₹125.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	60,00,000 shares	38,40,000 shares
Fresh Issue Size (Amount)	up to ₹55.80 Cr	up to ₹48.00 Cr
OFS Issue Size	26,74,800 shares
OFS Issue Size (Amount)	up to ₹24.88 Cr
Issue Size Total	86,74,800 shares	38,40,000 shares
Issue Size Total (Amount)	up to ₹80.68 Cr	up to ₹48.00 Cr

IPO Timetable

Electro Force India IPO opens on Dec 19, 2023, while S J Logistics IPO opens on Dec 12, 2023. The closing date of Electro Force India IPO and S J Logistics IPO is Dec 21, 2023, and Dec 14, 2023, respectively.

	Electro Force India IPO	S J Logistics IPO
Anchor Bid Date		Dec 11, 2023
Issue Open	Dec 19, 2023	Dec 12, 2023
Issue Close	Dec 21, 2023	Dec 14, 2023
Basis Of Allotment (Tentative)	Dec 22, 2023	Dec 15, 2023
Initiation of Refunds (Tentative)	Dec 26, 2023	Dec 18, 2023
Credit of Share (Tentative)	Dec 26, 2023	Dec 18, 2023
Listing date (Tentative)	Dec 27, 2023	Dec 19, 2023
Anchor Lockin End date 1	Jan 21, 2024	Jan 14, 2024
Anchor Lockin End date 2	Mar 21, 2024	Mar 14, 2024

Financials

Electro Force India IPO P/E ratio is 20.22, as compared to S J Logistics IPO P/E ratio of 14.14.

Electro Force India IPO

S J Logistics 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

S J Logistics (India) Limited Financial Information (Restated Consolidated)

S J Logistics (India) Limited's revenue increased by 29.88% and profit after tax (PAT) rose by 340.23% 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	10,541.07	8,104.32	5,062.51	5,013.55
Revenue	10,338.56	13,500.99	10,395.18	12,402.88
Profit After Tax	931.07	761.56	172.99	82.99
Net Worth	5,640.93	3,120.32
Reserves and Surplus	4,576.62	2,825.15	1,342.14	1,169.15
Total Borrowing	2,952.40	3,356.00
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

67.55%

Promoter Shareholding (Post-Issue)

62.93%

49.64%

P/E Ratio

20.22

14.14

Market Cap

₹217.62 Cr.

₹181.04 Cr.

ROE

43.57%%

24.41%%

ROCE

58.23%%

18.58%%

Debt/Equity

1.08

EPS

₹4.60

₹8.84

RoNW

43.57%%

24.41%%

Shares Offered

In the Electro Force India IPO retail investors (RII) are offered 41,19,600 shares while in S J Logistics IPO retail investors are offered 41,19,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in Electro Force India IPO and 7,30,000 shares in S J Logistics IPO.

	Electro Force India IPO	S J Logistics IPO
Anchor Investor Reserveration		10,92,000 shares
Market Maker Reserveration	4,35,600 shares	1,93,000 shares
QIB	0 shares	7,30,000 shares
NII	41,19,600 shares	5,48,000 shares
RII	41,19,600 shares	12,77,000 shares
Employee	0 shares	0 shares
Others
Total	82,39,200 shares	25,55,000 shares

Bids Received (Subscription)

Electro Force India IPO subscribed 4.28x in total, whereas S J Logistics IPO subscribed 316.26x.

	Electro Force India IPO	S J Logistics IPO
QIB (times)		116.16x
NII (times)	2.12x	489.45x
Big NII (times)
Small NII (times)
RII (times)	6.44x	356.33x
Employee (times)
Other (times)
Total (times)	4.28x	316.26x

Compare with others

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

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