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AIK Pipes And Polymers IPO vs Electro Force India IPO

Comparision between AIK Pipes And Polymers IPO and Electro Force India IPO.

IPO Details

AIK Pipes And Polymers IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Electro Force India IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  AIK Pipes And Polymers IPO Electro Force India IPO
Logo AIK Pipes And Polymers IPO Logo Electro Force India 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 Shreni Shares Limited First Overseas Capital Limited
Registrar Skyline Financial Services Private Ltd Skyline Financial Services Private Ltd
Market Maker Shreni Shares Limited Arham Shares Private Limited
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 AIK Pipes And Polymers IPO is up to ₹15.02 Cr whereas the issue size of the Electro Force India IPO is up to ₹80.68 Cr. The final issue price of AIK Pipes And Polymers IPO is ₹89.00 per share and of Electro Force India IPO is ₹93.00 per share.

  AIK Pipes And Polymers IPO Electro Force India IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹89.00 per share ₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 1200 shares
Fresh Issue Size 16,88,000 shares 60,00,000 shares
Fresh Issue Size (Amount) up to ₹15.02 Cr up to ₹55.80 Cr
OFS Issue Size 26,74,800 shares
OFS Issue Size (Amount) up to ₹24.88 Cr
Issue Size Total 16,88,000 shares 86,74,800 shares
Issue Size Total (Amount) up to ₹15.02 Cr up to ₹80.68 Cr

IPO Timetable

AIK Pipes And Polymers IPO opens on Dec 26, 2023, while Electro Force India IPO opens on Dec 19, 2023. The closing date of AIK Pipes And Polymers IPO and Electro Force India IPO is Dec 28, 2023, and Dec 21, 2023, respectively.

  AIK Pipes And Polymers IPO Electro Force India IPO
Anchor Bid Date
Issue Open Dec 26, 2023 Dec 19, 2023
Issue Close Dec 28, 2023 Dec 21, 2023
Basis Of Allotment (Tentative) Dec 29, 2023 Dec 22, 2023
Initiation of Refunds (Tentative) Jan 01, 2024 Dec 26, 2023
Credit of Share (Tentative) Jan 01, 2024 Dec 26, 2023
Listing date (Tentative) Jan 02, 2024 Dec 27, 2023
Anchor Lockin End date 1 Jan 28, 2024 Jan 21, 2024
Anchor Lockin End date 2 Mar 28, 2024 Mar 21, 2024

Financials

AIK Pipes And Polymers IPO P/E ratio is 21.54, as compared to Electro Force India IPO P/E ratio of 20.22.

  AIK Pipes And Polymers IPO Electro Force India IPO
Financial

AIK Pipes And Polymers Limited Financial Information (Restated)

AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,638.561,450.50968.13739.75
Revenue1,400.423,077.922,090.841,020.54
Profit After Tax101.97187.7487.9026.99
Net Worth662.47560.50202.7684.86
Reserves and Surplus194.97433.00132.7644.86
Total Borrowing429.91538.09432.17382.88
Amount in ₹ Lakhs

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,827.007,231.514,783.371,719.96
Revenue2,314.193,028.813,443.551,587.13
Profit After Tax711.08799.60864.26-223.69
Net Worth2,546.411,835.331,035.73171.47
Reserves and Surplus806.4195.33535.73-328.53
Total Borrowing
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 100.00%
Promoter Shareholding (Post-Issue) 73.47% 62.93%
P/E Ratio 21.54 20.22
Market Cap ₹56.63 Cr. ₹217.62 Cr.
ROE 49.19%% 43.57%%
ROCE 17.90%% 58.23%%
Debt/Equity 0.96
EPS ₹4.13 ₹4.60
RoNW 33.50% 43.57%%

Shares Offered

In the AIK Pipes And Polymers IPO retail investors (RII) are offered 8,01,600 shares while in Electro Force India IPO retail investors are offered 8,01,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in AIK Pipes And Polymers IPO and 0 shares in Electro Force India IPO.

  AIK Pipes And Polymers IPO Electro Force India IPO
Anchor Investor Reserveration
Market Maker Reserveration 84,800 shares 4,35,600 shares
QIB 0 shares 0 shares
NII 8,01,600 shares 41,19,600 shares
RII 8,01,600 shares 41,19,600 shares
Employee 0 shares 0 shares
Others
Total 16,03,200 shares 82,39,200 shares

Bids Received (Subscription)

AIK Pipes And Polymers IPO subscribed 43.57x in total, whereas Electro Force India IPO subscribed 4.28x.

  AIK Pipes And Polymers IPO Electro Force India IPO
QIB (times)
NII (times) 52.17x 2.12x
Big NII (times)
Small NII (times)
RII (times) 30.93x 6.44x
Employee (times)
Other (times)
Total (times) 43.57x 4.28x

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