Innovatus Entertainment Networks IPO vs Shri Techtex IPO

Comparision between Innovatus Entertainment Networks IPO and Shri Techtex IPO.

IPO Details

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

	Innovatus Entertainment Networks IPO	Shri Techtex 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	Beeline Capital Advisors Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Link Intime India Private Ltd
Market Maker	Pure Broking Private Limited	Sunflower Broking 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 Innovatus Entertainment Networks IPO is up to ₹7.74 Cr whereas the issue size of the Shri Techtex IPO is up to ₹45.14 Cr. The final issue price of Innovatus Entertainment Networks IPO is ₹50.00 per share and of Shri Techtex IPO is ₹61.00 per share.

	Innovatus Entertainment Networks IPO	Shri Techtex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹54.00 per share
Issue Price (Upper)		₹61.00 per share
Issue Price (Final)	₹50.00 per share	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	15,48,000 shares	74,00,000 shares
Fresh Issue Size (Amount)	up to ₹7.74 Cr	up to ₹45.14 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,48,000 shares	74,00,000 shares
Issue Size Total (Amount)	up to ₹7.74 Cr	up to ₹45.14 Cr

IPO Timetable

Innovatus Entertainment Networks IPO opens on Jul 25, 2023, while Shri Techtex IPO opens on Jul 26, 2023. The closing date of Innovatus Entertainment Networks IPO and Shri Techtex IPO is Jul 27, 2023, and Jul 28, 2023, respectively.

	Innovatus Entertainment Networks IPO	Shri Techtex IPO
Anchor Bid Date		Jul 25, 2023
Issue Open	Jul 25, 2023	Jul 26, 2023
Issue Close	Jul 27, 2023	Jul 28, 2023
Basis Of Allotment (Tentative)	Aug 01, 2023	Aug 02, 2023
Initiation of Refunds (Tentative)	Aug 02, 2023	Aug 03, 2023
Credit of Share (Tentative)	Aug 03, 2023	Aug 04, 2023
Listing date (Tentative)	Aug 04, 2023	Aug 04, 2023
Anchor Lockin End date 1	Aug 31, 2023	Sep 01, 2023
Anchor Lockin End date 2	Oct 30, 2023	Oct 31, 2023

Financials

Innovatus Entertainment Networks IPO P/E ratio is 41, as compared to Shri Techtex IPO P/E ratio of 16.71.

Innovatus Entertainment Networks IPO

Shri Techtex 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

Shri Techtex Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,766.65	1,625.73	447.23	808.49	588.04	488.05
31-Mar-21	4,652.15	4,021.58	1,265.68	2,075.69	1,853.72	1,498.66
31-Mar-22	5,282.41	5,182.15	826.56	2,099.47	1,875.99	2,451.57
31-Mar-23	7,386.45	5,807.58	910.63	2,981.50	1,256.61	3,188.98
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.97%

100%

Promoter Shareholding (Post-Issue)

60.87%

70.34%

P/E Ratio

16.71

Market Cap

₹19.79 Cr.

₹152.20 Cr.

ROE

9.98%%

35.84%%

ROCE

11.32%%

20.07%%

Debt/Equity

0.32

1.07

EPS

₹2.00

₹5.19

RoNW

9.98%%

30.54%%

Shares Offered

In the Innovatus Entertainment Networks IPO retail investors (RII) are offered 7,35,000 shares while in Shri Techtex IPO retail investors are offered 7,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Innovatus Entertainment Networks IPO and 14,10,000 shares in Shri Techtex IPO.

	Innovatus Entertainment Networks IPO	Shri Techtex IPO
Anchor Investor Reserveration		21,00,000 shares
Market Maker Reserveration	78,000 shares	3,72,000 shares
QIB	0 shares	14,10,000 shares
NII	7,35,000 shares	10,56,000 shares
RII	7,35,000 shares	24,62,000 shares
Employee	0 shares	0 shares
Others
Total	14,70,000 shares	49,28,000 shares

Bids Received (Subscription)

Innovatus Entertainment Networks IPO subscribed 105.21x in total, whereas Shri Techtex IPO subscribed 148.44x.

	Innovatus Entertainment Networks IPO	Shri Techtex IPO
QIB (times)		58.03x
NII (times)	56.58x	250.65x
Big NII (times)
Small NII (times)
RII (times)	150.50x	156.37x
Employee (times)
Other (times)
Total (times)	105.21x	148.44x

Compare with others

Innovatus Entertainment Networks IPO	Shri Techtex IPO
Shelter Pharma IPO	Sangani Hospitals IPO
Sangani Hospitals IPO	Yudiz Solutions IPO
Yudiz Solutions IPO	Zeal Global Services IPO
Zeal Global Services IPO	Oriana Power IPO
Oriana Power IPO	Innovatus Entertainment Networks IPO
Shri Techtex IPO	Vinsys IT Services IPO
Vinsys IT Services IPO	Yasons Chemex Care IPO
Yasons Chemex Care IPO	Committed Cargo Care IPO
Committed Cargo Care IPO	Khazanchi Jewellers IPO
Khazanchi Jewellers IPO	Srivari Spices and Foods IPO

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