Accuracy Shipping IPO vs Bright Solar IPO

Comparision between Accuracy Shipping IPO and Bright Solar IPO.

IPO Details

Accuracy Shipping IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Bright Solar IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Accuracy Shipping IPO	Bright Solar IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Swastika Investmart Ltd
Registrar	Link Intime India Private Ltd	Alankit Assignments 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 Accuracy Shipping IPO is up to ₹35.76 Cr whereas the issue size of the Bright Solar IPO is up to ₹19.44 Cr. The final issue price of Accuracy Shipping IPO is ₹84.00 per share and of Bright Solar IPO is ₹36.00 per share.

	Accuracy Shipping IPO	Bright Solar IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹81.00 per share
Issue Price (Upper)	₹84.00 per share
Issue Price (Final)	₹84.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	42,57,600 shares	54,00,000 shares
Issue Size Total (Amount)	up to ₹35.76 Cr	up to ₹19.44 Cr

IPO Timetable

Accuracy Shipping IPO opens on Jun 11, 2018, while Bright Solar IPO opens on Jun 26, 2018. The closing date of Accuracy Shipping IPO and Bright Solar IPO is Jun 14, 2018, and Jun 29, 2018, respectively.

	Accuracy Shipping IPO	Bright Solar IPO
Anchor Bid Date
Issue Open	Jun 11, 2018	Jun 26, 2018
Issue Close	Jun 14, 2018	Jun 29, 2018
Basis Of Allotment (Tentative)	Jun 19, 2018	Jul 04, 2018
Initiation of Refunds (Tentative)	Jun 20, 2018	Jul 06, 2018
Credit of Share (Tentative)	Jun 21, 2018	Jul 06, 2018
Listing date (Tentative)	Jun 22, 2018	Jul 09, 2018
Anchor Lockin End date 1	Jul 19, 2018	Aug 03, 2018
Anchor Lockin End date 2	Sep 17, 2018	Oct 02, 2018

Financials

Accuracy Shipping IPO P/E ratio is , as compared to Bright Solar IPO P/E ratio of .

Accuracy Shipping IPO

Bright Solar IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,825.34	4,394.03	2,783.54	1,299.16	520.31
Total Revenue	20,129.20	17,078.99	16,165.61	9,738.73	3,064.89
Profit After Tax	195.93	106.86	31.60	61.61	26.83

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	3,309.49	2,212.31	3,892.34	818.82	1,978.49
Total Revenue	1,812.99	1,547.06	4,784.25	2,846.13	2,239.93
Profit After Tax	171.11	70.53	196.87	54.29	38.02

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Accuracy Shipping IPO retail investors (RII) are offered 4,27,440 shares while in Bright Solar IPO retail investors are offered 4,27,440 shares. Qualified institutional buyers (QIB) are offered 14,24,800 shares in Accuracy Shipping IPO and 0 shares in Bright Solar IPO.

	Accuracy Shipping IPO	Bright Solar IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,17,600 shares	2,70,000 shares
QIB	14,24,800 shares	0 shares
NII	9,97,360 shares	25,65,000 shares
RII	4,27,440 shares	25,65,000 shares
Employee
Others
Total	28,49,600 shares	54,00,000 shares

Bids Received (Subscription)

Accuracy Shipping IPO subscribed 1.50x in total, whereas Bright Solar IPO subscribed 1.85x.

	Accuracy Shipping IPO	Bright Solar IPO
QIB (times)	0.56x
NII (times)	1.42x	2.21x
Big NII (times)
Small NII (times)
RII (times)	4.79x	1.49x
Employee (times)
Other (times)
Total (times)	1.50x	1.85x

Compare with others

Accuracy Shipping IPO	Bright Solar IPO
Bright Solar IPO	Ambani Organics IPO
Rudrabhishek Enterprises IPO	Ganesh Films IPO
Ushanti Colour Chem IPO	Ganga Forging (GFL) IPO
Supreme Engineering IPO	Jakharia Fabric IPO
Priti International IPO	Rajnish Wellness IPO
Sonam Clock IPO	Rudrabhishek Enterprises IPO
Waa Solar IPO	Ushanti Colour Chem IPO
ShreeOswal Seeds & Chemicals IPO	Supreme Engineering IPO
Palm Jewels IPO	Priti International IPO
Arihant Institute IPO	Accuracy Shipping IPO

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