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Akanksha Power and Infrastructure IPO vs IBL Finance IPO

Comparision between Akanksha Power and Infrastructure IPO and IBL Finance IPO.

IPO Details

Akanksha Power and Infrastructure IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Akanksha Power and Infrastructure IPO IBL Finance IPO
Logo Akanksha Power and Infrastructure IPO Logo IBL Finance IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Fixed Price Issue
Listing At NSE SME NSE SME
Lead Managers Narnolia Financial Services Ltd Fedex Securities Pvt Ltd
Registrar Link Intime India Private Ltd Bigshare Services Pvt Ltd
Market Maker Nikunj Stock Brokers Limited Market-Hub Stock Broking 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 Akanksha Power and Infrastructure IPO is up to ₹27.49 Cr whereas the issue size of the IBL Finance IPO is up to ₹33.41 Cr. The final issue price of Akanksha Power and Infrastructure IPO is ₹55.00 per share and of IBL Finance IPO is ₹51.00 per share.

  Akanksha Power and Infrastructure IPO IBL Finance 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) ₹55.00 per share ₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 49,98,000 shares 65,50,000 shares
Fresh Issue Size (Amount) up to ₹27.49 Cr up to ₹33.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 49,98,000 shares 65,50,000 shares
Issue Size Total (Amount) up to ₹27.49 Cr up to ₹33.41 Cr

IPO Timetable

Akanksha Power and Infrastructure IPO opens on Dec 27, 2023, while IBL Finance IPO opens on Jan 09, 2024. The closing date of Akanksha Power and Infrastructure IPO and IBL Finance IPO is Dec 29, 2023, and Jan 11, 2024, respectively.

  Akanksha Power and Infrastructure IPO IBL Finance IPO
Anchor Bid Date Dec 26, 2023
Issue Open Dec 27, 2023 Jan 09, 2024
Issue Close Dec 29, 2023 Jan 11, 2024
Basis Of Allotment (Tentative) Jan 01, 2024 Jan 12, 2024
Initiation of Refunds (Tentative) Jan 02, 2024 Jan 15, 2024
Credit of Share (Tentative) Jan 02, 2024 Jan 15, 2024
Listing date (Tentative) Jan 03, 2024 Jan 16, 2024
Anchor Lockin End date 1 Jan 31, 2024 Feb 11, 2024
Anchor Lockin End date 2 Mar 31, 2024 Apr 11, 2024

Financials

Akanksha Power and Infrastructure IPO P/E ratio is 24.02, as compared to IBL Finance IPO P/E ratio of 48.08.

  Akanksha Power and Infrastructure IPO IBL Finance 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

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,317.602,218.111,022.85339.10
Revenue492.581,333.13327.08112.59
Profit After Tax120.60192.8342.73-9.88
Net Worth2,169.342,048.74355.47312.73
Reserves and Surplus351.271,139.7129.47-13.27
Total Borrowing7.519.12640.58
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 83.28% 85.55%
Promoter Shareholding (Post-Issue) 60.81% 62.89%
P/E Ratio 24.02 48.08
Market Cap ₹101.85 Cr. ₹126.13 Cr.
ROE 18.20%% 9.41%%
ROCE 22.75%% 18.88%%
Debt/Equity 0.96 0
EPS ₹2.29 ₹1.06
RoNW 18.20%% 9.41%%

Shares Offered

In the Akanksha Power and Infrastructure IPO retail investors (RII) are offered 16,60,000 shares while in IBL Finance 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 0 shares in IBL Finance IPO.

  Akanksha Power and Infrastructure IPO IBL Finance IPO
Anchor Investor Reserveration 14,18,000 shares
Market Maker Reserveration 2,60,000 shares 3,30,000 shares
QIB 9,48,000 shares 0 shares
NII 7,12,000 shares 31,10,000 shares
RII 16,60,000 shares 31,10,000 shares
Employee 0 shares 0 shares
Others
Total 33,20,000 shares 62,20,000 shares

Bids Received (Subscription)

Akanksha Power and Infrastructure IPO subscribed 117.39x in total, whereas IBL Finance IPO subscribed 17.00x.

  Akanksha Power and Infrastructure IPO IBL Finance IPO
QIB (times) 38.51x
NII (times) 238.60x 9.94x
Big NII (times)
Small NII (times)
RII (times) 110.44x 24.03x
Employee (times)
Other (times)
Total (times) 117.39x 17.00x

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