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Avax Apparels IPO vs Techera Engineering IPO

Comparison between Avax Apparels IPO and Techera Engineering IPO.

IPO Details

Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Techera Engineering IPO is a SME Bookbuilding proposed to list at NSE SME.

 Avax Apparels IPOTechera Engineering IPO
LogoAvax Apparels IPO LogoTechera Engineering IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSKI Capital Services Ltd.SKI Capital Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerSKI Capital Services Ltd.SKI Capital Services Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Avax Apparels IPO is up to ₹1.82 Cr whereas the issue size of the Techera Engineering IPO is up to ₹34.10 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Techera Engineering IPO is ₹82.00 per share.

 Avax Apparels IPOTechera Engineering IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹75.00 per share
Issue Price (Upper)₹82.00 per share
Issue Price (Final)₹70.00 per share₹82.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size2,60,000 shares41,58,400 shares
Fresh Issue Size (Amount)up to ₹1.82 Crup to ₹34.10 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total2,60,000 shares41,58,400 shares
Issue Size Total (Amount)up to ₹1.82 Crup to ₹34.10 Cr

IPO Timetable

Avax Apparels IPO opens on Jan 07, 2025, while Techera Engineering IPO opens on Sep 25, 2024. The closing date of Avax Apparels IPO and Techera Engineering IPO is Jan 09, 2025, and Sep 27, 2024, respectively.

 Avax Apparels IPOTechera Engineering IPO
Anchor Bid DateSep 24, 2024
Issue OpenJan 07, 2025Sep 25, 2024
Issue CloseJan 09, 2025Sep 27, 2024
Basis Of Allotment (Tentative)Jan 10, 2025Sep 30, 2024
Initiation of Refunds (Tentative)Jan 13, 2025Oct 01, 2024
Credit of Share (Tentative)Jan 13, 2025Oct 01, 2024
Listing date (Tentative)Jan 14, 2025Oct 03, 2024
Anchor Lockin End date 1Oct 30, 2024
Anchor Lockin End date 2Dec 29, 2024

Financials & KPIs

Avax Apparels IPO P/E ratio is 3.88, as compared to Techera Engineering IPO P/E ratio of 20.65.

 Avax Apparels IPOTechera Engineering IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets10.894.853.470.58
Total Income15.0122.0614.700.29
Profit After Tax0.911.380.690.01
NET Worth4.053.151.760.02
Total Borrowing0.720.720.30
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets37.2439.2121.36
Total Income39.0826.597.37
Profit After Tax4.821.31-6.29
NET Worth15.9011.089.78
Reserves and Surplus3.76-2.72-4.02
Total Borrowing14.3013.778.87
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)5757.48
Promoter Shareholding (Post-Issue)41.9742.25
P/E Ratio3.8820.65
Market Cap₹7.27 Cr.₹135.47 Cr.
ROE43.9130.33
ROCE61.6823..47
Debt/Equity0.90
EPS₹18.06₹3.97
RoNW43.9130.33

Shares Offered

In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Techera Engineering IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 8,32,000 shares in Techera Engineering IPO.

 Avax Apparels IPOTechera Engineering IPO
Anchor Investor Reservation0 shares12,46,400 shares
Market Maker Reservation14,000 shares2,19,200 shares
QIB0 shares8,32,000 shares
NII1,30,000 shares6,24,000 shares
RII1,30,000 shares14,56,000 shares
Employee0 shares
Others
Total2,60,000 shares41,58,400 shares

Bids Received (Subscription)

Avax Apparels IPO subscribed 256.41x in total, whereas Techera Engineering IPO subscribed 48.88x.

 Avax Apparels IPOTechera Engineering IPO
QIB (times)31.22x
NII (times)140.46x128.88x
Big NII (times)
Small NII (times)
RII (times)372.35x66.52x
Employee (times)
Other (times)
Total (times)256.41x48.88x

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Compare:

Avax Apparels IPO Vs Techera Engineering IPO