Asarfi Hospital IPO vs Drone Destination IPO

Comparision between Asarfi Hospital IPO and Drone Destination IPO.

IPO Details

Asarfi Hospital IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Drone Destination IPO is a SME Book Built Issue proposed to list at NSE SME.

	Asarfi Hospital IPO	Drone Destination IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Hem Securities Limited	Narnolia Financial Services Ltd
Registrar	Cameo Corporate Services Limited	Maashitla Securities Private Limited
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers 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 Asarfi Hospital IPO is up to ₹26.94 Cr whereas the issue size of the Drone Destination IPO is up to ₹44.20 Cr. The final issue price of Asarfi Hospital IPO is ₹52.00 per share and of Drone Destination IPO is ₹65.00 per share.

	Asarfi Hospital IPO	Drone Destination IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share	₹62.00 per share
Issue Price (Upper)	₹52.00 per share	₹65.00 per share
Issue Price (Final)	₹52.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	51,80,000 shares	68,00,000 shares
Fresh Issue Size (Amount)	up to ₹26.94 Cr	up to ₹44.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	51,80,000 shares	68,00,000 shares
Issue Size Total (Amount)	up to ₹26.94 Cr	up to ₹44.20 Cr

IPO Timetable

Asarfi Hospital IPO opens on Jul 17, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of Asarfi Hospital IPO and Drone Destination IPO is Jul 19, 2023, and Jul 13, 2023, respectively.

	Asarfi Hospital IPO	Drone Destination IPO
Anchor Bid Date	Jul 14, 2023	Jul 06, 2023
Issue Open	Jul 17, 2023	Jul 07, 2023
Issue Close	Jul 19, 2023	Jul 13, 2023
Basis Of Allotment (Tentative)	Jul 24, 2023	Jul 18, 2023
Initiation of Refunds (Tentative)	Jul 25, 2023	Jul 19, 2023
Credit of Share (Tentative)	Jul 26, 2023	Jul 20, 2023
Listing date (Tentative)	Jul 26, 2023	Jul 21, 2023
Anchor Lockin End date 1	Aug 23, 2023	Aug 17, 2023
Anchor Lockin End date 2	Oct 22, 2023	Oct 16, 2023

Financials

Asarfi Hospital IPO P/E ratio is 12.78, as compared to Drone Destination IPO P/E ratio of 64.35.

Asarfi Hospital IPO

Drone Destination IPO

Financial

Asarfi Hospital Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	3,729.45	5,439.90	353.43	1,689.90	1,564.95	713.36
31-Mar-22	6,270.24	6,619.54	572.84	2,262.73	2,137.78	1,163.31
31-Mar-23	9,342.71	7,303.26	801.53	4,184.26	2,734.53	1,720.20
Amount in ₹ Lakhs

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.03%

85.14%

Promoter Shareholding (Post-Issue)

61.17%

62.31%

P/E Ratio

12.78

64.35

Market Cap

₹102.32 Cr.

₹157.95 Cr.

ROE

19.16%%

13.90%%

ROCE

19.91%%

18.65%%

Debt/Equity

0.41

0.06

EPS

₹7.58

₹25.80

RoNW

19.16%

13.90%%

Shares Offered

In the Asarfi Hospital IPO retail investors (RII) are offered 17,22,000 shares while in Drone Destination IPO retail investors are offered 17,22,000 shares. Qualified institutional buyers (QIB) are offered 9,84,000 shares in Asarfi Hospital IPO and 12,62,000 shares in Drone Destination IPO.

	Asarfi Hospital IPO	Drone Destination IPO
Anchor Investor Reserveration	14,76,000 shares	18,88,000 shares
Market Maker Reserveration	2,60,000 shares	5,00,000 shares
QIB	9,84,000 shares	12,62,000 shares
NII	7,38,000 shares	9,45,000 shares
RII	17,22,000 shares	22,05,000 shares
Employee	0 shares	0 shares
Others
Total	34,44,000 shares	44,12,000 shares

Bids Received (Subscription)

Asarfi Hospital IPO subscribed 195.14x in total, whereas Drone Destination IPO subscribed 191.65x.

	Asarfi Hospital IPO	Drone Destination IPO
QIB (times)	50.60x	50.46x
NII (times)	451.62x	243.85x
Big NII (times)
Small NII (times)
RII (times)	167.81x	250.09x
Employee (times)
Other (times)
Total (times)	195.14x	191.65x

Compare with others

Asarfi Hospital IPO	Drone Destination IPO
Vinsys IT Services IPO	Khazanchi Jewellers IPO
Yasons Chemex Care IPO	Srivari Spices and Foods IPO
Committed Cargo Care IPO	Asarfi Hospital IPO
Khazanchi Jewellers IPO	Service Care IPO
Srivari Spices and Foods IPO	Ahasolar Technologies IPO
Service Care IPO	AccelerateBS India IPO
Ahasolar Technologies IPO	Synoptics Technologies IPO
Drone Destination IPO	Alphalogic Industries IPO
AccelerateBS India IPO	Global Pet Industries IPO
Synoptics Technologies IPO	Tridhya Tech IPO

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