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Ahasolar Technologies IPO vs Synoptics Technologies IPO

Comparison between Ahasolar Technologies IPO and Synoptics Technologies IPO.

IPO Details

Ahasolar Technologies IPO is a SME Fixed Price IPO proposed to list at BSE SME while Synoptics Technologies IPO is a SME Fixed Price proposed to list at NSE SME.

 Ahasolar Technologies IPOSynoptics Technologies IPO
LogoAhasolar Technologies IPO LogoSynoptics Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ahasolar Technologies IPO is up to ₹12.18 Cr whereas the issue size of the Synoptics Technologies IPO is up to ₹51.33 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Synoptics Technologies IPO is ₹237.00 per share.

 Ahasolar Technologies IPOSynoptics Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹157.00 per share₹237.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size800 shares600 shares
Fresh Issue Size7,76,000 shares13,66,000 shares
Fresh Issue Size (Amount)up to ₹12.18 Crup to ₹32.37 Cr
OFS Issue Size0 shares8,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹18.96 Cr
Issue Size Total7,76,000 shares21,66,000 shares
Issue Size Total (Amount)up to ₹12.18 Crup to ₹51.33 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Synoptics Technologies IPO opens on Jun 30, 2023. The closing date of Ahasolar Technologies IPO and Synoptics Technologies IPO is Jul 13, 2023, and Jul 05, 2023, respectively.

 Ahasolar Technologies IPOSynoptics Technologies IPO
Issue OpenJul 10, 2023Jun 30, 2023
Issue CloseJul 13, 2023Jul 05, 2023
Basis Of Allotment (Tentative)Jul 18, 2023Jul 10, 2023
Initiation of Refunds (Tentative)Jul 19, 2023Jul 11, 2023
Credit of Share (Tentative)Jul 20, 2023Jul 12, 2023
Listing date (Tentative)Jul 21, 2023Jul 13, 2023

Financials & KPIs

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Synoptics Technologies IPO P/E ratio of 25.32.

 Ahasolar Technologies IPOSynoptics Technologies IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5.262.370.851.39
Total Income21.0517.151.881.29
Profit After Tax1.760.690.080.02
NET Worth4.050.790.100.02
Reserves and Surplus1.790.780.090.01
Total Borrowing0.000.580.240.23
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets53.8042.8037.6033.26
Total Income34.4750.9734.8022.11
Profit After Tax5.254.322.361.82
NET Worth24.0218.7714.4412.08
Reserves and Surplus17.0211.777.445.08
Total Borrowing19.5914.1011.9512.90
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)50.31%100%
Promoter Shareholding (Post-Issue)36.95%73.11%
P/E Ratio27.4525.32
Market Cap₹48.39 Cr.₹200.98 Cr.
ROE72.9221.87
ROCE63.5319.16
Debt/Equity0.82
EPS₹7.94₹4.65
RoNW43.5419.48

Shares Offered

In the Ahasolar Technologies IPO Retail Individual Investors (RII) are offered 3,88,000 shares while in Synoptics Technologies IPO retail investors are offered 3,88,000 shares. Qualified Institutional Buyers (QIB) are offered in Ahasolar Technologies IPO and in Synoptics Technologies IPO.

 Ahasolar Technologies IPOSynoptics Technologies IPO
Market Maker Reservation42,400 shares1,14,000 shares
NII3,88,000 shares10,83,000 shares
RII3,88,000 shares10,83,000 shares
Total7,76,000 shares21,66,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.78x in total, whereas Synoptics Technologies IPO subscribed 2.56x.

 Ahasolar Technologies IPOSynoptics Technologies IPO
NII (times)23.37x2.58x
RII (times)46.18x2.54x
Total (times)34.78x2.56x

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Ahasolar Technologies IPOSynoptics Technologies IPO
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Compare:

Ahasolar Technologies IPO Vs Synoptics Technologies IPO