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Destiny Logistics & Infra IPO vs Promax Power Limited IPO

Comparision between Destiny Logistics & Infra IPO and Promax Power Limited IPO.

IPO Details

Destiny Logistics & Infra IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Promax Power Limited IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Destiny Logistics & Infra IPO Promax Power Limited IPO
Logo Destiny Logistics & Infra IPO Logo Promax Power Limited IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At NSE SME BSE SME
Lead Managers Finshore Management Services Limited Finshore Management Services Limited
Registrar Cameo Corporate Services Limited 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 Destiny Logistics & Infra IPO is up to ₹5.39 Cr whereas the issue size of the Promax Power Limited IPO is up to ₹1.60 Cr. The final issue price of Destiny Logistics & Infra IPO is ₹20.00 per share and of Promax Power Limited IPO is ₹10.00 per share.

  Destiny Logistics & Infra IPO Promax Power Limited IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹20.00 per share ₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 6000 shares 10000 shares
Fresh Issue Size 16,00,000 shares
Fresh Issue Size (Amount) up to ₹1.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 26,94,000 shares 16,00,000 shares
Issue Size Total (Amount) up to ₹5.39 Cr up to ₹1.60 Cr

IPO Timetable

Destiny Logistics & Infra IPO opens on Sep 30, 2021, while Promax Power Limited IPO opens on Sep 30, 2021. The closing date of Destiny Logistics & Infra IPO and Promax Power Limited IPO is Oct 05, 2021, and Oct 04, 2021, respectively.

  Destiny Logistics & Infra IPO Promax Power Limited IPO
Anchor Bid Date
Issue Open Sep 30, 2021 Sep 30, 2021
Issue Close Oct 05, 2021 Oct 04, 2021
Basis Of Allotment (Tentative) Oct 08, 2021 Oct 07, 2021
Initiation of Refunds (Tentative) Oct 11, 2021 Oct 08, 2021
Credit of Share (Tentative) Oct 12, 2021 Oct 11, 2021
Listing date (Tentative) Oct 13, 2021 Oct 12, 2021
Anchor Lockin End date 1 Nov 07, 2021 Nov 06, 2021
Anchor Lockin End date 2 Jan 06, 2022 Jan 05, 2022

Financials

Destiny Logistics & Infra IPO P/E ratio is , as compared to Promax Power Limited IPO P/E ratio of .

  Destiny Logistics & Infra IPO Promax Power Limited IPO
Financial
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakhs)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 660.77 180.11 179.83
Total Revenue 1005.79 674.97 672.97
Profit After Tax 30.30 5.11 4.78
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 204.30 206.64 0.14
Total Revenue 368.89 77.63 NA
Profit After Tax 1.7839 3.1147 (0.0001)
Promoter Shareholding (Pre-Issue) 99.72% 99.99%
Promoter Shareholding (Post-Issue) 64.79% 73.33%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Destiny Logistics & Infra IPO retail investors (RII) are offered 12,78,000 shares while in Promax Power Limited IPO retail investors are offered 12,78,000 shares. Qualified institutional buyers (QIB) are offered in Destiny Logistics & Infra IPO and in Promax Power Limited IPO.

  Destiny Logistics & Infra IPO Promax Power Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,38,000 shares 80,000 shares
QIB
NII 12,78,000 shares 7,60,000 shares
RII 12,78,000 shares 7,60,000 shares
Employee
Others
Total 25,56,000 shares 15,20,000 shares

Bids Received (Subscription)

Destiny Logistics & Infra IPO subscribed 4.78x in total, whereas Promax Power Limited IPO subscribed 6.89x.

  Destiny Logistics & Infra IPO Promax Power Limited IPO
QIB (times)
NII (times) 2.13x 2.39x
Big NII (times)
Small NII (times)
RII (times) 7.43x 11.38x
Employee (times)
Other (times)
Total (times) 4.78x 6.89x

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