Australian Premium Solar (India) IPO vs Shree Marutinandan Tubes IPO

Comparision between Australian Premium Solar (India) IPO and Shree Marutinandan Tubes IPO.

IPO Details

Australian Premium Solar (India) IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Australian Premium Solar (India) IPO	Shree Marutinandan Tubes IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Swastika Investmart Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Swastika Investmart 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 Australian Premium Solar (India) IPO is up to ₹28.08 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹14.30 Cr. The final issue price of Australian Premium Solar (India) IPO is ₹54.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.

	Australian Premium Solar (India) IPO	Shree Marutinandan Tubes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹51.00 per share
Issue Price (Upper)	₹54.00 per share
Issue Price (Final)	₹54.00 per share	₹143.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	52,00,000 shares	10,00,000 shares
Fresh Issue Size (Amount)	up to ₹28.08 Cr	up to ₹14.30 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	52,00,000 shares	10,00,000 shares
Issue Size Total (Amount)	up to ₹28.08 Cr	up to ₹14.30 Cr

IPO Timetable

Australian Premium Solar (India) IPO opens on Jan 11, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of Australian Premium Solar (India) IPO and Shree Marutinandan Tubes IPO is Jan 15, 2024, and Jan 16, 2024, respectively.

	Australian Premium Solar (India) IPO	Shree Marutinandan Tubes IPO
Anchor Bid Date	Jan 10, 2024
Issue Open	Jan 11, 2024	Jan 12, 2024
Issue Close	Jan 15, 2024	Jan 16, 2024
Basis Of Allotment (Tentative)	Jan 16, 2024	Jan 17, 2024
Initiation of Refunds (Tentative)	Jan 17, 2024	Jan 18, 2024
Credit of Share (Tentative)	Jan 17, 2024	Jan 18, 2024
Listing date (Tentative)	Jan 18, 2024	Jan 19, 2024
Anchor Lockin End date 1	Feb 15, 2024	Feb 16, 2024
Anchor Lockin End date 2	Apr 15, 2024	Apr 16, 2024

Financials

Australian Premium Solar (India) IPO P/E ratio is 23.58, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.

Australian Premium Solar (India) IPO

Shree Marutinandan Tubes IPO

Financial

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 Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,416.89	3,918.90	3,468.37	3,501.67
Revenue	5,027.28	9,495.86	9,832.92	7,443.97
Profit After Tax	113.16	333.43	270.48	180.11
Net Worth	1,563.37	1,446.62	1,113.19	847.10
Reserves and Surplus	109.37	1,444.62	1,111.19	845.10
Total Borrowing	196.23	222.13	299.37	328.96
Amount in ₹ Lakhs

Shree Marutinandan Tubes Limited Financial Information (Restated)

Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,234.29	1,617.60	1,284.83	1,301.03
Revenue	4,284.64	4,722.58	4,718.49	3,597.28
Profit After Tax	141.99	201.76	6.01	13.30
Net Worth	409.70	267.74	65.98	59.98
Reserves and Surplus	163.73	247.24	45.48	39.48
Total Borrowing	607.28	716.90	688.89	795.31
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

82.00%

Promoter Shareholding (Post-Issue)

73.64%

58.30%

P/E Ratio

23.58

17.44

Market Cap

₹106.60 Cr.

₹49.48 Cr.

ROE

26.05%%

120.91%%

ROCE

30.62%%

78.52%%

Debt/Equity

0.15

2.68

EPS

₹2.29

₹8.20

RoNW

23.05%%

75.36%%

Shares Offered

In the Australian Premium Solar (India) IPO retail investors (RII) are offered 17,30,000 shares while in Shree Marutinandan Tubes IPO retail investors are offered 17,30,000 shares. Qualified institutional buyers (QIB) are offered 9,88,000 shares in Australian Premium Solar (India) IPO and 0 shares in Shree Marutinandan Tubes IPO.

	Australian Premium Solar (India) IPO	Shree Marutinandan Tubes IPO
Anchor Investor Reserveration	14,80,000 shares
Market Maker Reserveration	2,60,000 shares	50,000 shares
QIB	9,88,000 shares	0 shares
NII	7,42,000 shares	4,75,000 shares
RII	17,30,000 shares	4,75,000 shares
Employee	0 shares	0 shares
Others
Total	34,60,000 shares	9,50,000 shares

Bids Received (Subscription)

Australian Premium Solar (India) IPO subscribed 464.19x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.

	Australian Premium Solar (India) IPO	Shree Marutinandan Tubes IPO
QIB (times)	107.02x
NII (times)	772.87x	32.67x
Big NII (times)
Small NII (times)
RII (times)	535.77x	59.71x
Employee (times)
Other (times)
Total (times)	464.19x	47.16x

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Shree Marutinandan Tubes IPO	Maxposure IPO
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New Swan Multitech IPO	IBL Finance IPO
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1 Comments

1. BhagirathSinh Parmar

| Link|January 15, 2024 8:51:11 AMReply

What is minimum lot requirement to get confirmed allotment in New Swan and Australian Premium Solar