Esconet Technologies IPO vs Zenith Drugs IPO

Comparision between Esconet Technologies IPO and Zenith Drugs IPO.

IPO Details

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

	Esconet Technologies IPO	Zenith Drugs 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	Gretex Corporate Services Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Ss Corporate Securities Limited	Gretex Share 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 Zenith Drugs IPO is up to ₹40.68 Cr. The final issue price of Esconet Technologies IPO is ₹84.00 per share and of Zenith Drugs IPO is ₹79.00 per share.

	Esconet Technologies IPO	Zenith Drugs IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹80.00 per share	₹75.00 per share
Issue Price (Upper)	₹84.00 per share	₹79.00 per share
Issue Price (Final)	₹84.00 per share	₹79.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1600 shares
Fresh Issue Size	33,60,000 shares	51,48,800 shares
Fresh Issue Size (Amount)	up to ₹28.22 Cr	up to ₹40.68 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	33,60,000 shares	51,48,800 shares
Issue Size Total (Amount)	up to ₹28.22 Cr	up to ₹40.68 Cr

IPO Timetable

Esconet Technologies IPO opens on Feb 16, 2024, while Zenith Drugs IPO opens on Feb 19, 2024. The closing date of Esconet Technologies IPO and Zenith Drugs IPO is Feb 20, 2024, and Feb 22, 2024, respectively.

	Esconet Technologies IPO	Zenith Drugs IPO
Anchor Bid Date	Feb 15, 2024	Feb 16, 2024
Issue Open	Feb 16, 2024	Feb 19, 2024
Issue Close	Feb 20, 2024	Feb 22, 2024
Basis Of Allotment (Tentative)	Feb 21, 2024	Feb 23, 2024
Initiation of Refunds (Tentative)	Feb 22, 2024	Feb 26, 2024
Credit of Share (Tentative)	Feb 22, 2024	Feb 26, 2024
Listing date (Tentative)	Feb 23, 2024	Feb 27, 2024
Anchor Lockin End date 1	Mar 22, 2024	Mar 24, 2024
Anchor Lockin End date 2	May 21, 2024	May 23, 2024

Financials

Esconet Technologies IPO P/E ratio is 24.87, as compared to Zenith Drugs IPO P/E ratio of 18.4.

Esconet Technologies IPO

Zenith Drugs 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

Zenith Drugs Limited Financial Information (Restated Consolidated)

Zenith Drugs Limited's revenue increased by 24.85% and profit after tax (PAT) rose by 64.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022
Assets	11,249.04	9,793.83	6,858.47
Revenue	6,948.43	11,569.65	9,266.63
Profit After Tax	539.38	515.29	312.86
Net Worth	2,264.96	1,724.42	1,209.09
Reserves and Surplus	1,064.96	1,684.42	1,169.09
Total Borrowing	2,902.81	2,605.03	1,880.86
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

89.18%

100.00%

Promoter Shareholding (Post-Issue)

64.94%

69.98%

P/E Ratio

24.87

18.4

Market Cap

₹103.82 Cr.

₹135.48 Cr.

ROE

75.54%%

35.13%%

ROCE

59.11%%

37.29%%

Debt/Equity

1.99

1.51

EPS

₹39.63

₹4.29

RoNW

54.83%%

29.88%%

Shares Offered

In the Esconet Technologies IPO retail investors (RII) are offered 11,15,200 shares while in Zenith Drugs IPO retail investors are offered 11,15,200 shares. Qualified institutional buyers (QIB) are offered 6,36,800 shares in Esconet Technologies IPO and 8,59,200 shares in Zenith Drugs IPO.

	Esconet Technologies IPO	Zenith Drugs IPO
Anchor Investor Reserveration	9,53,600 shares	12,88,000 shares
Market Maker Reserveration	1,76,000 shares	8,52,800 shares
QIB	6,36,800 shares	8,59,200 shares
NII	4,78,400 shares	6,44,800 shares
RII	11,15,200 shares	15,04,000 shares
Employee	0 shares	0 shares
Others
Total	22,30,400 shares	30,08,000 shares

Bids Received (Subscription)

Esconet Technologies IPO subscribed 507.24x in total, whereas Zenith Drugs IPO subscribed 179.18x.

	Esconet Technologies IPO	Zenith Drugs IPO
QIB (times)	156.02x	106.72x
NII (times)	868.05x	368.77x
Big NII (times)
Small NII (times)
RII (times)	553.02x	139.28x
Employee (times)
Other (times)
Total (times)	507.24x	179.18x

Compare with others

Esconet Technologies IPO	Zenith Drugs IPO
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Purv Flexipack IPO	Owais Metal and Mineral Processing IPO
Sadhav Shipping IPO	Purv Flexipack IPO
Deem Roll Tech IPO	Sadhav Shipping IPO
Zenith Drugs IPO	Deem Roll Tech IPO
Trust Fintech IPO	Esconet Technologies IPO
Interiors and More IPO	Trust Fintech IPO
Atmastco IPO	Interiors and More IPO
Thaai Casting IPO	Atmastco IPO
Kalahridhaan Trendz IPO	Thaai Casting IPO

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