Innovatus Entertainment Networks IPO vs Sangani Hospitals IPO

Comparision between Innovatus Entertainment Networks IPO and Sangani Hospitals IPO.

IPO Details

Innovatus Entertainment Networks IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sangani Hospitals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Innovatus Entertainment Networks IPO	Sangani Hospitals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Inventure Merchant Banker Services Pvt Ltd	Unistone Capital Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Pure Broking Private Limited	Rikhav Securities 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 Innovatus Entertainment Networks IPO is up to ₹7.74 Cr whereas the issue size of the Sangani Hospitals IPO is up to ₹15.17 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Sangani Hospitals IPO is ₹40.00 per share.

	Innovatus Entertainment Networks IPO	Sangani Hospitals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹37.00 per share
Issue Price (Upper)		₹40.00 per share
Issue Price (Final)	₹50.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	3000 shares
Fresh Issue Size	15,48,000 shares	37,92,000 shares
Fresh Issue Size (Amount)	up to ₹7.74 Cr	up to ₹15.17 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,48,000 shares	37,92,000 shares
Issue Size Total (Amount)	up to ₹7.74 Cr	up to ₹15.17 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Sangani Hospitals IPO opens on Aug 04, 2023. The closing date of Innovatus Entertainment Networks IPO and Sangani Hospitals IPO is Jul 27, 2023, and Aug 08, 2023, respectively.

	Innovatus Entertainment Networks IPO	Sangani Hospitals IPO
Anchor Bid Date
Issue Open	Jul 25, 2023	Aug 04, 2023
Issue Close	Jul 27, 2023	Aug 08, 2023
Basis Of Allotment (Tentative)	Aug 01, 2023	Aug 11, 2023
Initiation of Refunds (Tentative)	Aug 02, 2023	Aug 14, 2023
Credit of Share (Tentative)	Aug 03, 2023	Aug 16, 2023
Listing date (Tentative)	Aug 04, 2023	Aug 17, 2023
Anchor Lockin End date 1	Aug 31, 2023	Sep 10, 2023
Anchor Lockin End date 2	Oct 30, 2023	Nov 09, 2023

Financials

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Sangani Hospitals IPO P/E ratio of 37.03.

Innovatus Entertainment Networks IPO

Sangani Hospitals IPO

Financial

Innovatus Entertainment Networks Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	449.41	1,042.12	29.44	171.61	170.61	0.00
31-Mar-21	597.72	784.07	33.38	205.00	204.00	152.34
31-Mar-22	530.83	787.90	30.19	235.19	34.19	152.34
31-Mar-23	822.63	1,093.93	48.26	483.45	242.45	152.34
Amount in ₹ Lakhs

Sangani Hospitals IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	330.36	299.20	705.45	1,959.01
Revenue	446.47	498.21	420.63	1,576.24
Profit After Tax	22.81	79.06	105.35	148.37
Net Worth	183.35	168.79	501.60	1,797.29
Reserves and Surplus		168.83	106.78	798.79
Total Borrowing	34.72	34.57		10.08

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.97%

100.00%

Promoter Shareholding (Post-Issue)

60.87%

P/E Ratio

37.03

Market Cap

₹19.79 Cr.

₹55.11 Cr.

ROE

9.98%%

ROCE

11.32%%

11.26%%

Debt/Equity

0.32

EPS

₹2.00

₹3.47

RoNW

9.98%%

35.75%%

Shares Offered

In the Innovatus Entertainment Networks IPO retail investors (RII) are offered 7,35,000 shares while in Sangani Hospitals IPO retail investors are offered 7,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innovatus Entertainment Networks IPO and 3,60,000 shares in Sangani Hospitals IPO.

	Innovatus Entertainment Networks IPO	Sangani Hospitals IPO
Anchor Investor Reserveration
Market Maker Reserveration	78,000 shares	1,92,000 shares
QIB	0 shares	3,60,000 shares
NII	7,35,000 shares	16,20,000 shares
RII	7,35,000 shares	16,20,000 shares
Employee	0 shares	0 shares
Others
Total	14,70,000 shares	36,00,000 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Sangani Hospitals IPO subscribed 4.54x.

	Innovatus Entertainment Networks IPO	Sangani Hospitals IPO
QIB (times)		11.42x
NII (times)	56.58x	1.38x
Big NII (times)
Small NII (times)
RII (times)	150.50x	6.17x
Employee (times)
Other (times)
Total (times)	105.21x	4.54x

Compare with others

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Yasons Chemex Care IPO	Oriana Power IPO
Committed Cargo Care IPO	Innovatus Entertainment Networks IPO
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