Navoday Enterprises IPO vs Times Green Energy IPO

Comparision between Navoday Enterprises IPO and Times Green Energy IPO.

IPO Details

Navoday Enterprises IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Times Green Energy IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Navoday Enterprises IPO	Times Green Energy 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	Inventure Merchant Banker Services Pvt Ltd	Aryaman Financial Services Limited
Registrar	Satellite Corporate Services Private Limited	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Navoday Enterprises IPO is up to ₹4.61 Cr whereas the issue size of the Times Green Energy IPO is up to ₹4.05 Cr. The final issue price of Navoday Enterprises IPO is ₹20.00 per share and of Times Green Energy IPO is ₹61.00 per share.

	Navoday Enterprises IPO	Times Green Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹20.00 per share	₹61.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	6000 shares	2000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,04,000 shares	6,64,000 shares
Issue Size Total (Amount)	up to ₹4.61 Cr	up to ₹4.05 Cr

IPO Timetable

Navoday Enterprises IPO opens on Jun 14, 2021, while Times Green Energy IPO opens on Jun 16, 2021. The closing date of Navoday Enterprises IPO and Times Green Energy IPO is Jun 17, 2021, and Jun 22, 2021, respectively.

	Navoday Enterprises IPO	Times Green Energy IPO
Anchor Bid Date
Issue Open	Jun 14, 2021	Jun 16, 2021
Issue Close	Jun 17, 2021	Jun 22, 2021
Basis Of Allotment (Tentative)	Jun 21, 2021	Jun 25, 2021
Initiation of Refunds (Tentative)	Jun 22, 2021	Jun 28, 2021
Credit of Share (Tentative)	Jun 23, 2021	Jun 29, 2021
Listing date (Tentative)	Jun 25, 2021	Jun 30, 2021
Anchor Lockin End date 1	Jul 21, 2021	Jul 25, 2021
Anchor Lockin End date 2	Sep 19, 2021	Sep 23, 2021

Financials

Navoday Enterprises IPO P/E ratio is , as compared to Times Green Energy IPO P/E ratio of .

Navoday Enterprises IPO

Times Green Energy IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in lakhs)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	1,378.57	513.12	531.14
Total Revenue	4,827.24	1,651.70	2,311.96
Profit After Tax	112.77	35.07	55.67

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in lakhs)
	30-June-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	452.64	371.95	242.08	392.00
Total Revenue	122.00	1,514.72	1,515.51	2,019.09
Profit After Tax	4.24	12.34	9.77	8.04

Promoter Shareholding (Pre-Issue)

99.98%

79.20%

Promoter Shareholding (Post-Issue)

40.21%

47.60%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Navoday Enterprises IPO retail investors (RII) are offered 10,92,000 shares while in Times Green Energy IPO retail investors are offered 10,92,000 shares. Qualified institutional buyers (QIB) are offered in Navoday Enterprises IPO and in Times Green Energy IPO.

	Navoday Enterprises IPO	Times Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,20,000 shares	40,000 shares
QIB
NII	10,92,000 shares	3,12,000 shares
RII	10,92,000 shares	3,12,000 shares
Employee
Others
Total	21,84,000 shares	6,24,000 shares

Bids Received (Subscription)

Navoday Enterprises IPO subscribed 2.36x in total, whereas Times Green Energy IPO subscribed 2.94x.

	Navoday Enterprises IPO	Times Green Energy IPO
QIB (times)
NII (times)	0.29x	0.83x
Big NII (times)
Small NII (times)
RII (times)	4.44x	5.05x
Employee (times)
Other (times)
Total (times)	2.36x	2.94x

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Times Green Energy IPO	Walpar Nutritions IPO
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Abhishek Integrations IPO	Adeshwar Meditex IPO
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