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Akanksha Power and Infrastructure IPO vs Australian Premium Solar (India) IPO

Comparision between Akanksha Power and Infrastructure IPO and Australian Premium Solar (India) IPO.

IPO Details

Akanksha Power and Infrastructure IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Australian Premium Solar (India) IPO is a SME Book Built Issue proposed to list at NSE SME.

  Akanksha Power and Infrastructure IPO Australian Premium Solar (India) IPO
Logo Akanksha Power and Infrastructure IPO Logo Australian Premium Solar (India) IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Narnolia Financial Services Ltd Beeline Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
Market Maker Nikunj Stock Brokers Limited Spread X Securities Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Akanksha Power and Infrastructure IPO is up to ₹27.49 Cr whereas the issue size of the Australian Premium Solar (India) IPO is up to ₹28.08 Cr. The final issue price of Akanksha Power and Infrastructure IPO is ₹55.00 per share and of Australian Premium Solar (India) IPO is ₹54.00 per share.

  Akanksha Power and Infrastructure IPO Australian Premium Solar (India) IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹52.00 per share ₹51.00 per share
Issue Price (Upper) ₹55.00 per share ₹54.00 per share
Issue Price (Final) ₹55.00 per share ₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 49,98,000 shares 52,00,000 shares
Fresh Issue Size (Amount) up to ₹27.49 Cr up to ₹28.08 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,98,000 shares 52,00,000 shares
Issue Size Total (Amount) up to ₹27.49 Cr up to ₹28.08 Cr

IPO Timetable

Akanksha Power and Infrastructure IPO opens on Dec 27, 2023, while Australian Premium Solar (India) IPO opens on Jan 11, 2024. The closing date of Akanksha Power and Infrastructure IPO and Australian Premium Solar (India) IPO is Dec 29, 2023, and Jan 15, 2024, respectively.

  Akanksha Power and Infrastructure IPO Australian Premium Solar (India) IPO
Anchor Bid Date Dec 26, 2023 Jan 10, 2024
Issue Open Dec 27, 2023 Jan 11, 2024
Issue Close Dec 29, 2023 Jan 15, 2024
Basis Of Allotment (Tentative) Jan 01, 2024 Jan 16, 2024
Initiation of Refunds (Tentative) Jan 02, 2024 Jan 17, 2024
Credit of Share (Tentative) Jan 02, 2024 Jan 17, 2024
Listing date (Tentative) Jan 03, 2024 Jan 18, 2024
Anchor Lockin End date 1 Jan 31, 2024 Feb 15, 2024
Anchor Lockin End date 2 Mar 31, 2024 Apr 15, 2024

Financials

Akanksha Power and Infrastructure IPO P/E ratio is 24.02, as compared to Australian Premium Solar (India) IPO P/E ratio of 23.58.

  Akanksha Power and Infrastructure IPO Australian Premium Solar (India) IPO
Financial

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

Australian Premium Solar (India) Limited Financial Information (Restated)

Australian Premium Solar (India) Limited's revenue decreased by -3.43% and profit after tax (PAT) rose by 23.27% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,416.893,918.903,468.373,501.67
Revenue5,027.289,495.869,832.927,443.97
Profit After Tax113.16333.43270.48180.11
Net Worth1,563.371,446.621,113.19847.10
Reserves and Surplus109.371,444.621,111.19845.10
Total Borrowing196.23222.13299.37328.96
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 83.28% 99.98%
Promoter Shareholding (Post-Issue) 60.81% 73.64%
P/E Ratio 24.02 23.58
Market Cap ₹101.85 Cr. ₹106.60 Cr.
ROE 18.20%% 26.05%%
ROCE 22.75%% 30.62%%
Debt/Equity 0.96 0.15
EPS ₹2.29 ₹2.29
RoNW 18.20%% 23.05%%

Shares Offered

In the Akanksha Power and Infrastructure IPO retail investors (RII) are offered 16,60,000 shares while in Australian Premium Solar (India) IPO retail investors are offered 16,60,000 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Akanksha Power and Infrastructure IPO and 9,88,000 shares in Australian Premium Solar (India) IPO.

  Akanksha Power and Infrastructure IPO Australian Premium Solar (India) IPO
Anchor Investor Reserveration 14,18,000 shares 14,80,000 shares
Market Maker Reserveration 2,60,000 shares 2,60,000 shares
QIB 9,48,000 shares 9,88,000 shares
NII 7,12,000 shares 7,42,000 shares
RII 16,60,000 shares 17,30,000 shares
Employee 0 shares 0 shares
Others
Total 33,20,000 shares 34,60,000 shares

Bids Received (Subscription)

Akanksha Power and Infrastructure IPO subscribed 117.39x in total, whereas Australian Premium Solar (India) IPO subscribed 464.19x.

  Akanksha Power and Infrastructure IPO Australian Premium Solar (India) IPO
QIB (times) 38.51x 107.02x
NII (times) 238.60x 772.87x
Big NII (times)
Small NII (times)
RII (times) 110.44x 535.77x
Employee (times)
Other (times)
Total (times) 117.39x 464.19x

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