Enser Communications IPO vs Signoria Creation IPO

Comparision between Enser Communications IPO and Signoria Creation IPO.

IPO Details

Enser Communications IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Signoria Creation IPO is a SME Book Built Issue proposed to list at NSE SME.

	Enser Communications IPO	Signoria Creation 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	Fast Track Finsec Pvt Ltd	Holani Consultants Private Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	B.N. Rathi Securities Limited	Holani Consultants 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 Enser Communications IPO is up to ₹16.17 Cr whereas the issue size of the Signoria Creation IPO is up to ₹9.28 Cr. The final issue price of Enser Communications IPO is ₹70.00 per share and of Signoria Creation IPO is ₹65.00 per share.

	Enser Communications IPO	Signoria Creation IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹61.00 per share
Issue Price (Upper)		₹65.00 per share
Issue Price (Final)	₹70.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	23,10,000 shares	14,28,000 shares
Fresh Issue Size (Amount)	up to ₹16.17 Cr	up to ₹9.28 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,10,000 shares	14,28,000 shares
Issue Size Total (Amount)	up to ₹16.17 Cr	up to ₹9.28 Cr

IPO Timetable

Enser Communications IPO opens on Mar 15, 2024, while Signoria Creation IPO opens on Mar 12, 2024. The closing date of Enser Communications IPO and Signoria Creation IPO is Mar 19, 2024, and Mar 14, 2024, respectively.

	Enser Communications IPO	Signoria Creation IPO
Anchor Bid Date		Mar 11, 2024
Issue Open	Mar 15, 2024	Mar 12, 2024
Issue Close	Mar 19, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	Mar 20, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	Mar 21, 2024	Mar 18, 2024
Credit of Share (Tentative)	Mar 21, 2024	Mar 18, 2024
Listing date (Tentative)	Mar 22, 2024	Mar 19, 2024
Anchor Lockin End date 1		Apr 14, 2024
Anchor Lockin End date 2		Jun 13, 2024

Financials

Enser Communications IPO P/E ratio is 28.02, as compared to Signoria Creation IPO P/E ratio of 9.37.

Enser Communications IPO

Signoria Creation IPO

Financial

Enser Communications Limited Financial Information (Restated)

Enser Communications Limited's revenue increased by 53.63% and profit after tax (PAT) rose by 105.42% 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	1,799.26	1,383.92	870.42	662.41
Revenue	1,815.89	2,590.97	1,686.47	961.30
Profit After Tax	213.98	160.06	77.92	-11.74
Net Worth	653.24	394.78	234.71	156.78
Reserves and Surplus	652.17	393.78	233.71	155.78
Total Borrowing	709.09	631.88	309.37	276.92
Amount in ₹ Lakhs

Signoria Creation Limited Financial Information (Restated Standalone)

Signoria Creation Limited's revenue increased by 62.13% and profit after tax (PAT) rose by 242.14% 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	2,614.56	2,334.92	950.76	597.88
Revenue	652.92	1,915.81	1,181.64	588.98
Profit After Tax	64.52	231.05	67.53	32.60
Net Worth	647.75	583.23	150.88	83.35
Reserves and Surplus	536.75	472.23	100.88	33.35
Total Borrowing	1,263.93	1,050.26	376.84	223.15
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

90.13%

100.00%

Promoter Shareholding (Post-Issue)

66.25%

P/E Ratio

28.02

9.37

Market Cap

₹61.01 Cr.

₹30.93 Cr.

ROE

32.76%%

10.48%%

ROCE

34.61%%

7.38%%

Debt/Equity

EPS

₹2.50

₹6.94

RoNW

32.76%%

9.96%%

Shares Offered

In the Enser Communications IPO retail investors (RII) are offered 10,96,000 shares while in Signoria Creation IPO retail investors are offered 10,96,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Enser Communications IPO and 2,16,000 shares in Signoria Creation IPO.

	Enser Communications IPO	Signoria Creation IPO
Anchor Investor Reserveration		3,20,000 shares
Market Maker Reserveration	1,18,000 shares	72,000 shares
QIB	0 shares	2,16,000 shares
NII	10,96,000 shares	2,50,000 shares
RII	10,96,000 shares	5,30,000 shares
Employee	0 shares	0 shares
Others
Total	21,92,000 shares	10,36,000 shares

Bids Received (Subscription)

Enser Communications IPO subscribed 7.29x in total, whereas Signoria Creation IPO subscribed 666.32x.

	Enser Communications IPO	Signoria Creation IPO
QIB (times)		107.56x
NII (times)	3.64x	1,290.56x
Big NII (times)
Small NII (times)
RII (times)	10.92x	649.88x
Employee (times)
Other (times)
Total (times)	7.29x	666.32x

Compare with others

Enser Communications IPO	Signoria Creation IPO
Vruddhi Engineering Works IPO	Enser Communications IPO
Naman In-Store (India) IPO	Enfuse Solutions IPO
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Vishwas Agri Seeds IPO	Royal Sense IPO
Chatha Foods IPO	AVP Infracon IPO
Enfuse Solutions IPO	Pratham EPC Projects IPO
KP Green Engineering IPO	Koura Fine Diamond Jewelry IPO
Royal Sense IPO	Shree Karni Fabcom IPO
AVP Infracon IPO	V R Infraspace IPO
Signoria Creation IPO	Sona Machinery IPO

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