Promax Power Limited IPO vs Shri Venkatesh Refineries IPO

Comparision between Promax Power Limited IPO and Shri Venkatesh Refineries IPO.

IPO Details

Promax Power Limited IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Shri Venkatesh Refineries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Promax Power Limited IPO	Shri Venkatesh Refineries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Limited	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Purva Sharegistry India Pvt Ltd
Market Maker
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 Promax Power Limited IPO is up to ₹1.60 Cr whereas the issue size of the Shri Venkatesh Refineries IPO is up to ₹11.71 Cr. The final issue price of Promax Power Limited IPO is ₹10.00 per share and of Shri Venkatesh Refineries IPO is ₹40.00 per share.

	Promax Power Limited IPO	Shri Venkatesh Refineries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹10.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	3000 shares
Fresh Issue Size	16,00,000 shares
Fresh Issue Size (Amount)	up to ₹1.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	16,00,000 shares	29,28,000 shares
Issue Size Total (Amount)	up to ₹1.60 Cr	up to ₹11.71 Cr

IPO Timetable

Promax Power Limited IPO opens on Sep 30, 2021, while Shri Venkatesh Refineries IPO opens on Sep 29, 2021. The closing date of Promax Power Limited IPO and Shri Venkatesh Refineries IPO is Oct 04, 2021, and Oct 01, 2021, respectively.

	Promax Power Limited IPO	Shri Venkatesh Refineries IPO
Anchor Bid Date
Issue Open	Sep 30, 2021	Sep 29, 2021
Issue Close	Oct 04, 2021	Oct 01, 2021
Basis Of Allotment (Tentative)	Oct 07, 2021	Oct 06, 2021
Initiation of Refunds (Tentative)	Oct 08, 2021	Oct 08, 2021
Credit of Share (Tentative)	Oct 11, 2021	Oct 08, 2021
Listing date (Tentative)	Oct 12, 2021	Oct 11, 2021
Anchor Lockin End date 1	Nov 06, 2021	Nov 05, 2021
Anchor Lockin End date 2	Jan 05, 2022	Jan 04, 2022

Financials

Promax Power Limited IPO P/E ratio is , as compared to Shri Venkatesh Refineries IPO P/E ratio of .

Promax Power Limited IPO

Shri Venkatesh Refineries IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	204.30	206.64	0.14
Total Revenue	368.89	77.63	NA
Profit After Tax	1.7839	3.1147	(0.0001)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	934.06	672.55	491.11
Total Revenue	3,369.93	2,355.17	2,269.88
Profit After Tax	35.08	22.07	12.60

Promoter Shareholding (Pre-Issue)

99.99%

100%

Promoter Shareholding (Post-Issue)

73.33%

73.53

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Promax Power Limited IPO retail investors (RII) are offered 7,60,000 shares while in Shri Venkatesh Refineries IPO retail investors are offered 7,60,000 shares. Qualified institutional buyers (QIB) are offered in Promax Power Limited IPO and in Shri Venkatesh Refineries IPO.

	Promax Power Limited IPO	Shri Venkatesh Refineries IPO
Anchor Investor Reserveration
Market Maker Reserveration	80,000 shares	1,47,000 shares
QIB
NII	7,60,000 shares	13,89,000 shares
RII	7,60,000 shares	13,92,000 shares
Employee
Others
Total	15,20,000 shares	27,81,000 shares

Bids Received (Subscription)

Promax Power Limited IPO subscribed 6.89x in total, whereas Shri Venkatesh Refineries IPO subscribed 3.12x.

	Promax Power Limited IPO	Shri Venkatesh Refineries IPO
QIB (times)
NII (times)	2.39x	2.43x
Big NII (times)
Small NII (times)
RII (times)	11.38x	3.81x
Employee (times)
Other (times)
Total (times)	6.89x	3.12x

Compare with others

Promax Power Limited IPO	Shri Venkatesh Refineries IPO
DK Enterprises Global IPO	Bombay Metrics Supply Chain IPO
CWD Limited IPO	Samor Reality Limited IPO
Adishakti Loha and Ispat IPO	Promax Power Limited IPO
Bombay Metrics Supply Chain IPO	Dynamic Services & Security IPO
Samor Reality Limited IPO	Destiny Logistics & Infra IPO
Dynamic Services & Security IPO	Jainam Ferro Alloys IPO
Destiny Logistics & Infra IPO	Getalong Enterprise Limited IPO
Shri Venkatesh Refineries IPO	Quadpro ITES IPO
Jainam Ferro Alloys IPO	Markolines Traffic Controls IPO
Getalong Enterprise Limited IPO	Prevest Denpro IPO

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