Ashapuri Gold IPO vs Northern Spirits IPO

Comparision between Ashapuri Gold IPO and Northern Spirits IPO.

IPO Details

Ashapuri Gold IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Northern Spirits IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Ashapuri Gold IPO	Northern Spirits 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	Fedex Securities Pvt Ltd	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
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 Ashapuri Gold IPO is up to ₹29.33 Cr whereas the issue size of the Northern Spirits IPO is up to ₹18.50 Cr. The final issue price of Ashapuri Gold IPO is ₹51.00 per share and of Northern Spirits IPO is ₹43.00 per share.

	Ashapuri Gold IPO	Northern Spirits IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹51.00 per share	₹43.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	57,50,000 shares	43,02,000 shares
Issue Size Total (Amount)	up to ₹29.33 Cr	up to ₹18.50 Cr

IPO Timetable

Ashapuri Gold IPO opens on Mar 13, 2019, while Northern Spirits IPO opens on Mar 22, 2019. The closing date of Ashapuri Gold IPO and Northern Spirits IPO is Mar 18, 2019, and Mar 27, 2019, respectively.

	Ashapuri Gold IPO	Northern Spirits IPO
Anchor Bid Date
Issue Open	Mar 13, 2019	Mar 22, 2019
Issue Close	Mar 18, 2019	Mar 27, 2019
Basis Of Allotment (Tentative)	Mar 22, 2019
Initiation of Refunds (Tentative)	Mar 25, 2019
Credit of Share (Tentative)	Mar 26, 2019
Listing date (Tentative)	Mar 27, 2019
Anchor Lockin End date 1	Apr 21, 2019
Anchor Lockin End date 2	Jun 20, 2019

Financials

Ashapuri Gold IPO P/E ratio is , as compared to Northern Spirits IPO P/E ratio of .

Ashapuri Gold IPO

Northern Spirits IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	30-Nov-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	1,609.52	1,454.00	1,557.90	1,684.27
Total Revenue	4,951.27	4,692.92	3,729.42	5,562.73
Profit After Tax	31.85	7.30	3.97	6.40

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	30-Sept-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	76,92.55	20,40.78	12,55.15	7,84.12	4,63.74	70.00
Total Revenue	48,66.17	25,89.28	17,36.42	3,39.81	1,67.14	1,01.64
Profit After Tax	2,75.44	1,00.63	53.23	(50.85)	9.62	2.21

Promoter Shareholding (Pre-Issue)

100%

90.98%

Promoter Shareholding (Post-Issue)

73%

66.59%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ashapuri Gold IPO retail investors (RII) are offered 27,26,000 shares while in Northern Spirits IPO retail investors are offered 27,26,000 shares. Qualified institutional buyers (QIB) are offered in Ashapuri Gold IPO and in Northern Spirits IPO.

	Ashapuri Gold IPO	Northern Spirits IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,98,000 shares	2,16,000 shares
QIB
NII	27,26,000 shares	20,43,000 shares
RII	27,26,000 shares	20,43,000 shares
Employee
Others
Total	54,52,000 shares	40,86,000 shares

Bids Received (Subscription)

Ashapuri Gold IPO subscribed 1.16x in total, whereas Northern Spirits IPO subscribed 1.30x.

	Ashapuri Gold IPO	Northern Spirits IPO
QIB (times)
NII (times)	2.07x	1.83x
Big NII (times)
Small NII (times)
RII (times)	0.25x	0.78x
Employee (times)
Other (times)
Total (times)	1.16x	1.30x

Compare with others

Ashapuri Gold IPO	Northern Spirits IPO
Roopshri Resorts IPO	V R Films IPO
KHFM HOSPITALITY IPO	Jinaam's Dress Limited IPO
Northern Spirits IPO	Osia Hyper IPO
Artedz Fabs IPO	Roopshri Resorts IPO
Humming Bird Education ipo	KHFM HOSPITALITY IPO
Mahip Industries IPO	Artedz Fabs IPO
Gleam Fabmat IPO	Humming Bird Education ipo
Aartech Solonics IPO	Ashapuri Gold IPO
Jonjua Overseas IPO	Mahip Industries IPO
Anmol India IPO	Gleam Fabmat IPO

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