Adishakti Loha and Ispat IPO vs Destiny Logistics & Infra IPO

Comparision between Adishakti Loha and Ispat IPO and Destiny Logistics & Infra IPO.

IPO Details

Adishakti Loha and Ispat IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Destiny Logistics & Infra IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Adishakti Loha and Ispat IPO	Destiny Logistics & Infra IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Turnaround Corporate Advisors Private Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
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 Adishakti Loha and Ispat IPO is up to ₹2.00 Cr whereas the issue size of the Destiny Logistics & Infra IPO is up to ₹5.39 Cr. The final issue price of Adishakti Loha and Ispat IPO is ₹11.00 per share and of Destiny Logistics & Infra IPO is ₹20.00 per share.

	Adishakti Loha and Ispat IPO	Destiny Logistics & Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹11.00 per share	₹20.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	6000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,20,000 shares	26,94,000 shares
Issue Size Total (Amount)	up to ₹2.00 Cr	up to ₹5.39 Cr

IPO Timetable

Adishakti Loha and Ispat IPO opens on Sep 30, 2021, while Destiny Logistics & Infra IPO opens on Sep 30, 2021. The closing date of Adishakti Loha and Ispat IPO and Destiny Logistics & Infra IPO is Oct 05, 2021, and Oct 05, 2021, respectively.

	Adishakti Loha and Ispat IPO	Destiny Logistics & Infra IPO
Anchor Bid Date
Issue Open	Sep 30, 2021	Sep 30, 2021
Issue Close	Oct 05, 2021	Oct 05, 2021
Basis Of Allotment (Tentative)		Oct 08, 2021
Initiation of Refunds (Tentative)		Oct 11, 2021
Credit of Share (Tentative)		Oct 12, 2021
Listing date (Tentative)		Oct 13, 2021
Anchor Lockin End date 1		Nov 07, 2021
Anchor Lockin End date 2		Jan 06, 2022

Financials

Adishakti Loha and Ispat IPO P/E ratio is , as compared to Destiny Logistics & Infra IPO P/E ratio of .

Adishakti Loha and Ispat IPO

Destiny Logistics & Infra IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Millions)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	93.57	0.46	0.21
Total Revenue	109.49	0.27	NA
Profit After Tax	(0.21)	0.19	0.04

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Lakhs)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	660.77	180.11	179.83
Total Revenue	1005.79	674.97	672.97
Profit After Tax	30.30	5.11	4.78

Promoter Shareholding (Pre-Issue)

100.00%

99.72%

Promoter Shareholding (Post-Issue)

60.07%

64.79%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adishakti Loha and Ispat IPO retail investors (RII) are offered 8,60,000 shares while in Destiny Logistics & Infra IPO retail investors are offered 8,60,000 shares. Qualified institutional buyers (QIB) are offered in Adishakti Loha and Ispat IPO and in Destiny Logistics & Infra IPO.

	Adishakti Loha and Ispat IPO	Destiny Logistics & Infra IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,00,000 shares	1,38,000 shares
QIB
NII	8,60,000 shares	12,78,000 shares
RII	8,60,000 shares	12,78,000 shares
Employee
Others
Total	17,20,000 shares	25,56,000 shares

Bids Received (Subscription)

Adishakti Loha and Ispat IPO subscribed 1.84x in total, whereas Destiny Logistics & Infra IPO subscribed 4.78x.

	Adishakti Loha and Ispat IPO	Destiny Logistics & Infra IPO
QIB (times)
NII (times)	0.81x	2.13x
Big NII (times)
Small NII (times)
RII (times)	2.87x	7.43x
Employee (times)
Other (times)
Total (times)	1.84x	4.78x

Compare with others

Adishakti Loha and Ispat IPO	Destiny Logistics & Infra IPO
Suyog Gurbaxani Funicular Ropeways IPO	Adishakti Loha and Ispat IPO
Nidan Laboratories and Healthcare IPO	Bombay Metrics Supply Chain IPO
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DK Enterprises Global IPO	Promax Power Limited IPO
CWD Limited IPO	Dynamic Services & Security IPO
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Samor Reality Limited IPO	Jainam Ferro Alloys IPO
Promax Power Limited IPO	Getalong Enterprise Limited IPO
Dynamic Services & Security IPO	Quadpro ITES IPO
Destiny Logistics & Infra IPO	Markolines Traffic Controls IPO

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