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AMIC Forging IPO vs Deepak Chemtex IPO

Comparision between AMIC Forging IPO and Deepak Chemtex IPO.

IPO Details

AMIC Forging IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Deepak Chemtex IPO is a SME Book Built Issue proposed to list at BSE SME.

  AMIC Forging IPO Deepak Chemtex IPO
Logo AMIC Forging IPO Logo Deepak Chemtex IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At BSE SME BSE SME
Lead Managers Gretex Corporate Services Limited Hem Securities Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Gretex Share Broking Private Limited Hem Finlease Private 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 AMIC Forging IPO is up to ₹34.80 Cr whereas the issue size of the Deepak Chemtex IPO is up to ₹23.04 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Deepak Chemtex IPO is ₹80.00 per share.

  AMIC Forging IPO Deepak Chemtex IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹121.00 per share ₹76.00 per share
Issue Price (Upper) ₹126.00 per share ₹80.00 per share
Issue Price (Final) ₹126.00 per share ₹80.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1600 shares
Fresh Issue Size 27,62,000 shares 28,80,000 shares
Fresh Issue Size (Amount) up to ₹34.80 Cr up to ₹23.04 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 27,62,000 shares 28,80,000 shares
Issue Size Total (Amount) up to ₹34.80 Cr up to ₹23.04 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Deepak Chemtex IPO opens on Nov 29, 2023. The closing date of AMIC Forging IPO and Deepak Chemtex IPO is Dec 01, 2023, and Dec 01, 2023, respectively.

  AMIC Forging IPO Deepak Chemtex IPO
Anchor Bid Date Nov 28, 2023 Nov 28, 2023
Issue Open Nov 29, 2023 Nov 29, 2023
Issue Close Dec 01, 2023 Dec 01, 2023
Basis Of Allotment (Tentative) Dec 04, 2023 Dec 06, 2023
Initiation of Refunds (Tentative) Dec 05, 2023 Dec 07, 2023
Credit of Share (Tentative) Dec 05, 2023 Dec 08, 2023
Listing date (Tentative) Dec 06, 2023 Dec 06, 2023
Anchor Lockin End date 1 Jan 03, 2024 Jan 05, 2024
Anchor Lockin End date 2 Mar 03, 2024 Mar 05, 2024

Financials

AMIC Forging IPO P/E ratio is 1.01, as compared to Deepak Chemtex IPO P/E ratio of 10.14.

  AMIC Forging IPO Deepak Chemtex IPO
Financial

AMIC Forging Limited Financial Information (Restated Consolidated)

AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets6,367.846,107.993,163.871,622.07
Revenue2,979.3211,683.017,138.822,643.37
Profit After Tax359.94980.0186.5956.27
Net Worth2,338.431,983.75767.28680.69
Reserves and Surplus2,252.581,897.90696.21609.62
Total Borrowing287.37385.171,071.32436.50
Amount in ₹ Lakhs

Deepak Chemtex Limited Financial Information (Restated Consolidated)

Deepak Chemtex Limited's revenue decreased by -12.12% and profit after tax (PAT) rose by 49.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 2022
Assets2,820.642,382.321,715.17
Revenue2,212.954,783.725,443.68
Profit After Tax311.18631.02423.10
Net Worth1,879.901,568.88938.43
Reserves and Surplus1,081.501,518.98888.53
Total Borrowing120.78136.80199.49
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 78.38% 99.40%
Promoter Shareholding (Post-Issue) 57.74% 73.05%
P/E Ratio 1.01 10.14
Market Cap ₹132.15 Cr. ₹86.91 Cr.
ROE 71.25%% 50.27%%
ROCE 55.78%% 49.65%%
Debt/Equity 0.26 0.09
EPS ₹12.83 ₹7.89
RoNW 49.40%% 40.17%%

Shares Offered

In the AMIC Forging IPO retail investors (RII) are offered 9,19,000 shares while in Deepak Chemtex IPO retail investors are offered 9,19,000 shares. Qualified institutional buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and 5,47,200 shares in Deepak Chemtex IPO.

  AMIC Forging IPO Deepak Chemtex IPO
Anchor Investor Reserveration 7,86,000 shares 8,17,600 shares
Market Maker Reserveration 1,39,000 shares 1,47,200 shares
QIB 5,24,000 shares 5,47,200 shares
NII 3,94,000 shares 4,11,200 shares
RII 9,19,000 shares 9,56,800 shares
Employee 0 shares 0 shares
Others
Total 18,37,000 shares 19,15,200 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Deepak Chemtex IPO subscribed 403.03x.

  AMIC Forging IPO Deepak Chemtex IPO
QIB (times) 91.43x 96.80x
NII (times) 589.27x 642.25x
Big NII (times)
Small NII (times)
RII (times) 273.01x 475.36x
Employee (times)
Other (times)
Total (times) 289.05x 403.03x

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