Ahasolar Technologies IPO vs Asarfi Hospital IPO

Comparision between Ahasolar Technologies IPO and Asarfi Hospital IPO.

IPO Details

Ahasolar Technologies IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Asarfi Hospital IPO is a SME Book Built Issue proposed to list at BSE SME.

	Ahasolar Technologies IPO	Asarfi Hospital IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Hem Securities Limited
Registrar	Kfin Technologies Limited	Cameo Corporate Services Limited
Market Maker	Sunflower Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ahasolar Technologies IPO is up to ₹12.85 Cr whereas the issue size of the Asarfi Hospital IPO is up to ₹26.94 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Asarfi Hospital IPO is ₹52.00 per share.

	Ahasolar Technologies IPO	Asarfi Hospital IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹51.00 per share
Issue Price (Upper)		₹52.00 per share
Issue Price (Final)	₹157.00 per share	₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	8,18,400 shares	51,80,000 shares
Fresh Issue Size (Amount)	up to ₹12.85 Cr	up to ₹26.94 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,18,400 shares	51,80,000 shares
Issue Size Total (Amount)	up to ₹12.85 Cr	up to ₹26.94 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Asarfi Hospital IPO opens on Jul 17, 2023. The closing date of Ahasolar Technologies IPO and Asarfi Hospital IPO is Jul 13, 2023, and Jul 19, 2023, respectively.

	Ahasolar Technologies IPO	Asarfi Hospital IPO
Anchor Bid Date		Jul 14, 2023
Issue Open	Jul 10, 2023	Jul 17, 2023
Issue Close	Jul 13, 2023	Jul 19, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Jul 24, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Jul 25, 2023
Credit of Share (Tentative)	Jul 20, 2023	Jul 26, 2023
Listing date (Tentative)	Jul 21, 2023	Jul 26, 2023
Anchor Lockin End date 1	Aug 17, 2023	Aug 23, 2023
Anchor Lockin End date 2	Oct 16, 2023	Oct 22, 2023

Financials

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Asarfi Hospital IPO P/E ratio of 12.78.

Ahasolar Technologies IPO

Asarfi Hospital IPO

Financial

Ahasolar Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	138.63	128.70	2.07	2.16	1.16	23.04
31-Mar-21	85.47	187.73	7.91	10.08	9.08	24.24
31-Mar-22	237.37	1,714.64	68.63	78.71	77.71	58.18
31-Mar-23	525.56	2,105.16	176.38	405.07	178.69	0.00
Amount in ₹ Lakhs

Asarfi Hospital Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	3,729.45	5,439.90	353.43	1,689.90	1,564.95	713.36
31-Mar-22	6,270.24	6,619.54	572.84	2,262.73	2,137.78	1,163.31
31-Mar-23	9,342.71	7,303.26	801.53	4,184.26	2,734.53	1,720.20
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50.31%

83.03%

Promoter Shareholding (Post-Issue)

36.95%

61.17%

P/E Ratio

27.45

12.78

Market Cap

₹48.39 Cr.

₹102.32 Cr.

ROE

72.92%%

19.16%%

ROCE

63.53%%

19.91%%

Debt/Equity

0.41

EPS

₹7.94

₹7.58

RoNW

43.54%%

19.16%

Shares Offered

In the Ahasolar Technologies IPO retail investors (RII) are offered 3,88,000 shares while in Asarfi Hospital IPO retail investors are offered 3,88,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Ahasolar Technologies IPO and 9,84,000 shares in Asarfi Hospital IPO.

	Ahasolar Technologies IPO	Asarfi Hospital IPO
Anchor Investor Reserveration		14,76,000 shares
Market Maker Reserveration	42,400 shares	2,60,000 shares
QIB	0 shares	9,84,000 shares
NII	3,88,000 shares	7,38,000 shares
RII	3,88,000 shares	17,22,000 shares
Employee	0 shares	0 shares
Others
Total	7,76,000 shares	34,44,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Asarfi Hospital IPO subscribed 195.14x.

	Ahasolar Technologies IPO	Asarfi Hospital IPO
QIB (times)		50.60x
NII (times)	23.37x	451.62x
Big NII (times)
Small NII (times)
RII (times)	46.18x	167.81x
Employee (times)
Other (times)
Total (times)	34.79x	195.14x

Compare with others

Ahasolar Technologies IPO	Asarfi Hospital IPO
Committed Cargo Care IPO	Vinsys IT Services IPO
Khazanchi Jewellers IPO	Yasons Chemex Care IPO
Srivari Spices and Foods IPO	Committed Cargo Care IPO
Asarfi Hospital IPO	Khazanchi Jewellers IPO
Service Care IPO	Srivari Spices and Foods IPO
Drone Destination IPO	Service Care IPO
AccelerateBS India IPO	Ahasolar Technologies IPO
Synoptics Technologies IPO	Drone Destination IPO
Alphalogic Industries IPO	AccelerateBS India IPO
Global Pet Industries IPO	Synoptics Technologies IPO

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