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AIK Pipes And Polymers IPO vs Akanksha Power and Infrastructure IPO

Comparision between AIK Pipes And Polymers IPO and Akanksha Power and Infrastructure IPO.

IPO Details

AIK Pipes And Polymers IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Akanksha Power and Infrastructure IPO is a SME Book Built Issue proposed to list at NSE SME.

  AIK Pipes And Polymers IPO Akanksha Power and Infrastructure IPO
Logo AIK Pipes And Polymers IPO Logo Akanksha Power and Infrastructure IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Shreni Shares Limited Narnolia Financial Services Ltd
Registrar Skyline Financial Services Private Ltd Link Intime India Private Ltd
Market Maker Shreni Shares Limited Nikunj Stock Brokers 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 AIK Pipes And Polymers IPO is up to ₹15.02 Cr whereas the issue size of the Akanksha Power and Infrastructure IPO is up to ₹27.49 Cr. The final issue price of AIK Pipes And Polymers IPO is ₹89.00 per share and of Akanksha Power and Infrastructure IPO is ₹55.00 per share.

  AIK Pipes And Polymers IPO Akanksha Power and Infrastructure IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹52.00 per share
Issue Price (Upper) ₹55.00 per share
Issue Price (Final) ₹89.00 per share ₹55.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1600 shares 2000 shares
Fresh Issue Size 16,88,000 shares 49,98,000 shares
Fresh Issue Size (Amount) up to ₹15.02 Cr up to ₹27.49 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 16,88,000 shares 49,98,000 shares
Issue Size Total (Amount) up to ₹15.02 Cr up to ₹27.49 Cr

IPO Timetable

AIK Pipes And Polymers IPO opens on Dec 26, 2023, while Akanksha Power and Infrastructure IPO opens on Dec 27, 2023. The closing date of AIK Pipes And Polymers IPO and Akanksha Power and Infrastructure IPO is Dec 28, 2023, and Dec 29, 2023, respectively.

  AIK Pipes And Polymers IPO Akanksha Power and Infrastructure IPO
Anchor Bid Date Dec 26, 2023
Issue Open Dec 26, 2023 Dec 27, 2023
Issue Close Dec 28, 2023 Dec 29, 2023
Basis Of Allotment (Tentative) Dec 29, 2023 Jan 01, 2024
Initiation of Refunds (Tentative) Jan 01, 2024 Jan 02, 2024
Credit of Share (Tentative) Jan 01, 2024 Jan 02, 2024
Listing date (Tentative) Jan 02, 2024 Jan 03, 2024
Anchor Lockin End date 1 Jan 28, 2024 Jan 31, 2024
Anchor Lockin End date 2 Mar 28, 2024 Mar 31, 2024

Financials

AIK Pipes And Polymers IPO P/E ratio is 21.54, as compared to Akanksha Power and Infrastructure IPO P/E ratio of 24.02.

  AIK Pipes And Polymers IPO Akanksha Power and Infrastructure 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

Akanksha Power and Infrastructure Limited Financial Information (Restated)

Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,530.824,762.653,838.923,781.19
Revenue1,027.274,644.035,206.507,441.05
Profit After Tax71.06290.50240.92392.12
Net Worth2,074.751,595.941,305.421,064.50
Reserves and Surplus722.701,414.441,123.92883.00
Total Borrowing1,722.621,527.681,055.03891.47
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100% 83.28%
Promoter Shareholding (Post-Issue) 73.47% 60.81%
P/E Ratio 21.54 24.02
Market Cap ₹56.63 Cr. ₹101.85 Cr.
ROE 49.19%% 18.20%%
ROCE 17.90%% 22.75%%
Debt/Equity 0.96 0.96
EPS ₹4.13 ₹2.29
RoNW 33.50% 18.20%%

Shares Offered

In the AIK Pipes And Polymers IPO retail investors (RII) are offered 8,01,600 shares while in Akanksha Power and Infrastructure IPO retail investors are offered 8,01,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in AIK Pipes And Polymers IPO and 9,48,000 shares in Akanksha Power and Infrastructure IPO.

  AIK Pipes And Polymers IPO Akanksha Power and Infrastructure IPO
Anchor Investor Reserveration 14,18,000 shares
Market Maker Reserveration 84,800 shares 2,60,000 shares
QIB 0 shares 9,48,000 shares
NII 8,01,600 shares 7,12,000 shares
RII 8,01,600 shares 16,60,000 shares
Employee 0 shares 0 shares
Others
Total 16,03,200 shares 33,20,000 shares

Bids Received (Subscription)

AIK Pipes And Polymers IPO subscribed 43.57x in total, whereas Akanksha Power and Infrastructure IPO subscribed 117.39x.

  AIK Pipes And Polymers IPO Akanksha Power and Infrastructure IPO
QIB (times) 38.51x
NII (times) 52.17x 238.60x
Big NII (times)
Small NII (times)
RII (times) 30.93x 110.44x
Employee (times)
Other (times)
Total (times) 43.57x 117.39x

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