Adishakti Loha and Ispat IPO vs Suyog Gurbaxani Funicular Ropeways IPO

Comparision between Adishakti Loha and Ispat IPO and Suyog Gurbaxani Funicular Ropeways IPO.

IPO Details

Adishakti Loha and Ispat IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Suyog Gurbaxani Funicular Ropeways IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Adishakti Loha and Ispat IPO	Suyog Gurbaxani Funicular Ropeways 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	Turnaround Corporate Advisors Private Limited	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies 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 Suyog Gurbaxani Funicular Ropeways IPO is up to ₹29.50 Cr. The final issue price of Adishakti Loha and Ispat IPO is ₹11.00 per share and of Suyog Gurbaxani Funicular Ropeways IPO is ₹45.00 per share.

	Adishakti Loha and Ispat IPO	Suyog Gurbaxani Funicular Ropeways IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹11.00 per share	₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	3000 shares
Fresh Issue Size		15,00,000 shares
Fresh Issue Size (Amount)		up to ₹6.75 Cr
OFS Issue Size		50,55,000 shares
OFS Issue Size (Amount)		up to ₹22.75 Cr
Issue Size Total	18,20,000 shares	65,55,000 shares
Issue Size Total (Amount)	up to ₹2.00 Cr	up to ₹29.50 Cr

IPO Timetable

Adishakti Loha and Ispat IPO opens on Sep 30, 2021, while Suyog Gurbaxani Funicular Ropeways IPO opens on Nov 01, 2021. The closing date of Adishakti Loha and Ispat IPO and Suyog Gurbaxani Funicular Ropeways IPO is Oct 05, 2021, and Nov 08, 2021, respectively.

	Adishakti Loha and Ispat IPO	Suyog Gurbaxani Funicular Ropeways IPO
Anchor Bid Date
Issue Open	Sep 30, 2021	Nov 01, 2021
Issue Close	Oct 05, 2021	Nov 08, 2021
Basis Of Allotment (Tentative)		Nov 11, 2021
Initiation of Refunds (Tentative)		Nov 12, 2021
Credit of Share (Tentative)		Nov 15, 2021
Listing date (Tentative)		Nov 16, 2021
Anchor Lockin End date 1		Dec 11, 2021
Anchor Lockin End date 2		Feb 09, 2022

Financials

Adishakti Loha and Ispat IPO P/E ratio is , as compared to Suyog Gurbaxani Funicular Ropeways IPO P/E ratio of .

Adishakti Loha and Ispat IPO

Suyog Gurbaxani Funicular Ropeways 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 Millions)
	30-Jun-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	843.12	861.96	887.12	941.05
Total Revenue	0.01	44.77	131.92	79.06
Profit After Tax	(23.22)	(79.34)	(18.81)	(34.84)

Promoter Shareholding (Pre-Issue)

100.00%

90.57%

Promoter Shareholding (Post-Issue)

60.07%

64.78%

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 Suyog Gurbaxani Funicular Ropeways IPO retail investors are offered 8,60,000 shares. Qualified institutional buyers (QIB) are offered in Adishakti Loha and Ispat IPO and in Suyog Gurbaxani Funicular Ropeways IPO.

	Adishakti Loha and Ispat IPO	Suyog Gurbaxani Funicular Ropeways IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,00,000 shares	3,33,000 shares
QIB
NII	8,60,000 shares	31,11,000 shares
RII	8,60,000 shares	31,11,000 shares
Employee
Others
Total	17,20,000 shares	62,22,000 shares

Bids Received (Subscription)

Adishakti Loha and Ispat IPO subscribed 1.84x in total, whereas Suyog Gurbaxani Funicular Ropeways IPO subscribed 1.27x.

	Adishakti Loha and Ispat IPO	Suyog Gurbaxani Funicular Ropeways IPO
QIB (times)
NII (times)	0.81x	1.98x
Big NII (times)
Small NII (times)
RII (times)	2.87x	0.56x
Employee (times)
Other (times)
Total (times)	1.84x	1.27x

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