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Akshar Spintex IPO vs Garv Industries IPO

Comparision between Akshar Spintex IPO and Garv Industries IPO.

IPO Details

Akshar Spintex IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Garv Industries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Akshar Spintex IPO Garv Industries IPO
Logo Akshar Spintex IPO Logo Garv Industries IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Pantomath Capital Advisors Pvt Ltd Aryaman Financial Services Limited
Registrar Bigshare Services Pvt Ltd Skyline Financial Services Private Ltd
Market Maker
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 Akshar Spintex IPO is up to ₹26.99 Cr whereas the issue size of the Garv Industries IPO is up to ₹3.20 Cr. The final issue price of Akshar Spintex IPO is ₹40.00 per share and of Garv Industries IPO is ₹10.00 per share.

  Akshar Spintex IPO Garv Industries IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹40.00 per share ₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 10000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 67,47,000 shares 32,00,000 shares
Issue Size Total (Amount) up to ₹26.99 Cr up to ₹3.20 Cr

IPO Timetable

Akshar Spintex IPO opens on Apr 27, 2018, while Garv Industries IPO opens on Apr 12, 2018. The closing date of Akshar Spintex IPO and Garv Industries IPO is May 03, 2018, and Apr 17, 2018, respectively.

  Akshar Spintex IPO Garv Industries IPO
Anchor Bid Date
Issue Open Apr 27, 2018 Apr 12, 2018
Issue Close May 03, 2018 Apr 17, 2018
Basis Of Allotment (Tentative) Apr 20, 2018
Initiation of Refunds (Tentative) Apr 23, 2018
Credit of Share (Tentative) Apr 24, 2018
Listing date (Tentative) Apr 25, 2018
Anchor Lockin End date 1 May 20, 2018
Anchor Lockin End date 2 Jul 19, 2018

Financials

Akshar Spintex IPO P/E ratio is , as compared to Garv Industries IPO P/E ratio of .

  Akshar Spintex IPO Garv Industries IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 8218.88 7487.82 7029.73 2479.56
Total Revenue 9038.94 5984.38 1561.73 0
Profit After Tax 538.61 266.94 (51.25) 0
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Jan-18
Total Assets 1,036.35
Total Revenue 1,459.18
Profit After Tax 11.43
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Akshar Spintex IPO retail investors (RII) are offered 32,01,000 shares while in Garv Industries IPO retail investors are offered 32,01,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Akshar Spintex IPO and 0 shares in Garv Industries IPO.

  Akshar Spintex IPO Garv Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration 3,45,000 shares 1,70,000 shares
QIB 0 shares 0 shares
NII 32,01,000 shares 15,91,500 shares
RII 32,01,000 shares 15,91,500 shares
Employee
Others
Total 67,47,000 shares 32,00,000 shares

Bids Received (Subscription)

Akshar Spintex IPO subscribed 5.49x in total, whereas Garv Industries IPO subscribed 2.13x.

  Akshar Spintex IPO Garv Industries IPO
QIB (times)
NII (times) 1.71x 2.17x
Big NII (times)
Small NII (times)
RII (times) 9.24x 1.89x
Employee (times)
Other (times)
Total (times) 5.49x 2.13x

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