Esconet Technologies IPO vs Thaai Casting IPO

Comparision between Esconet Technologies IPO and Thaai Casting IPO.

IPO Details

Esconet Technologies IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thaai Casting IPO is a SME Book Built Issue proposed to list at NSE SME.

	Esconet Technologies IPO	Thaai Casting IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Skyline Financial Services Private Ltd	Purva Sharegistry India Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Giriraj Stock Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Esconet Technologies IPO is up to ₹28.22 Cr whereas the issue size of the Thaai Casting IPO is up to ₹47.20 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Thaai Casting IPO is ₹77.00 per share.

	Esconet Technologies IPO	Thaai Casting IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹73.00 per share
Issue Price (Upper)	₹84.00 per share	₹77.00 per share
Issue Price (Final)	₹84.00 per share	₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	33,60,000 shares	61,29,600 shares
Fresh Issue Size (Amount)	up to ₹28.22 Cr	up to ₹47.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	33,60,000 shares	61,29,600 shares
Issue Size Total (Amount)	up to ₹28.22 Cr	up to ₹47.20 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Esconet Technologies IPO and Thaai Casting IPO is Feb 20, 2024, and Feb 20, 2024, respectively.

	Esconet Technologies IPO	Thaai Casting IPO
Anchor Bid Date	Feb 15, 2024	Feb 14, 2024
Issue Open	Feb 16, 2024	Feb 15, 2024
Issue Close	Feb 20, 2024	Feb 20, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 21, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 21, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 22, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 23, 2024
Anchor Lockin End date 1	Mar 22, 2024	Mar 21, 2024
Anchor Lockin End date 2	May 21, 2024	May 20, 2024

Financials

Esconet Technologies IPO P/E ratio is 24.87, as compared to Thaai Casting IPO P/E ratio of 25.99.

Esconet Technologies IPO

Thaai Casting IPO

Financial

Esconet Technologies Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023
Assets	4,260.46	2,798.37
Revenue	7,146.71	9,690.84
Profit After Tax	305.47	304.00
Net Worth	902.97	554.47
Reserves and Surplus	825.19	477.48
Total Borrowing	1,008.95	1,103.89
Amount in ₹ Lakhs

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,638.25	5,498.52	3,752.29	2,379.19
Revenue	4,848.91	4,911.64	3,841.94	2,048.70
Profit After Tax	860.93	503.71	115.40	40.33
Net Worth	4,116.94	1,617.31	894.84	473.46
Reserves and Surplus	620.78
Total Borrowing	7,830.03	2,985.10	2,351.15	1,313.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.18%

86.50%

Promoter Shareholding (Post-Issue)

64.94%

P/E Ratio

24.87

25.99

Market Cap

₹103.82 Cr.

₹178.10 Cr.

ROE

75.54%%

ROCE

59.11%%

13%%

Debt/Equity

1.99

1.85

EPS

₹39.63

₹2.96

RoNW

54.83%%

40.10%%

Shares Offered

In the Esconet Technologies IPO retail investors (RII) are offered 11,15,200 shares while in Thaai Casting IPO retail investors are offered 11,15,200 shares. Qualified institutional buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 11,56,800 shares in Thaai Casting IPO.

	Esconet Technologies IPO	Thaai Casting IPO
Anchor Investor Reserveration	9,53,600 shares	17,34,400 shares
Market Maker Reserveration	1,76,000 shares	3,47,200 shares
QIB	6,36,800 shares	11,56,800 shares
NII	4,78,400 shares	8,67,200 shares
RII	11,15,200 shares	20,24,000 shares
Employee	0 shares	0 shares
Others
Total	22,30,400 shares	40,48,000 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Thaai Casting IPO subscribed 375.43x.

	Esconet Technologies IPO	Thaai Casting IPO
QIB (times)	156.02x	144.43x
NII (times)	868.05x	729.72x
Big NII (times)
Small NII (times)
RII (times)	553.02x	355.66x
Employee (times)
Other (times)
Total (times)	507.24x	375.43x

Compare with others

Esconet Technologies IPO	Thaai Casting IPO
Owais Metal and Mineral Processing IPO	Zenith Drugs IPO
Purv Flexipack IPO	Esconet Technologies IPO
Sadhav Shipping IPO	Trust Fintech IPO
Deem Roll Tech IPO	Interiors and More IPO
Zenith Drugs IPO	Atmastco IPO
Trust Fintech IPO	Kalahridhaan Trendz IPO
Interiors and More IPO	Polysil Irrigation Systems IPO
Atmastco IPO	Rudra Gas Enterprise IPO
Thaai Casting IPO	WTI Cabs IPO
Kalahridhaan Trendz IPO	Alpex Solar IPO

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