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AccelerateBS IPO vs Drone Destination IPO

Comparison between AccelerateBS IPO and Drone Destination IPO.

IPO Details

AccelerateBS IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Drone Destination IPO is a SME Bookbuilding proposed to list at NSE SME.

 AccelerateBS IPODrone Destination IPO
LogoAccelerateBS IPO LogoDrone Destination IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.Narnolia Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerShreni Shares Ltd.Nikunj Stock Brokers 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 AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Drone Destination IPO is up to ₹40.95 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Drone Destination IPO is ₹65.00 per share.

 AccelerateBS IPODrone Destination IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹62.00 per share
Issue Price (Upper)₹65.00 per share
Issue Price (Final)₹90.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares2000 shares
Fresh Issue Size1,55,200 shares63,00,000 shares
Fresh Issue Size (Amount)up to ₹1.40 Crup to ₹40.95 Cr
OFS Issue Size4,43,200 shares0 shares
OFS Issue Size (Amount)up to ₹3.99 Crup to ₹0.00 Cr
Issue Size Total5,98,400 shares63,00,000 shares
Issue Size Total (Amount)up to ₹5.39 Crup to ₹40.95 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of AccelerateBS IPO and Drone Destination IPO is Jul 11, 2023, and Jul 13, 2023, respectively.

 AccelerateBS IPODrone Destination IPO
Anchor Bid DateJul 06, 2023
Issue OpenJul 06, 2023Jul 07, 2023
Issue CloseJul 11, 2023Jul 13, 2023
Basis Of Allotment (Tentative)Jul 14, 2023Jul 18, 2023
Initiation of Refunds (Tentative)Jul 17, 2023Jul 19, 2023
Credit of Share (Tentative)Jul 18, 2023Jul 20, 2023
Listing date (Tentative)Jul 19, 2023Jul 21, 2023
Anchor Lockin End date 1Aug 17, 2023
Anchor Lockin End date 2Oct 16, 2023

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Drone Destination IPO P/E ratio of 64.35.

 AccelerateBS IPODrone Destination IPO
Financials

Company Financials (Restated)

Period Ended31 Jan 202331 Mar 202231 Mar 202131 Mar 2020
Assets2.832.011.811.25
Total Income1.653.564.524.93
Profit After Tax0.260.260.430.68
NET Worth2.051.111.020.53
Total Borrowing0.340.450.24
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets23.592.780.96
Total Income12.082.570.39
Profit After Tax2.440.21-0.05
NET Worth17.570.230.02
Reserves and Surplus12.570.12-0.09
Total Borrowing1.591.5197.94
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%85.12%
Promoter Shareholding (Post-Issue)70.59%61.3%
P/E Ratio27.2764.35
Market Cap₹19.34 Cr.₹157.95 Cr.
ROE15.8013.90
ROCE19.4418.65
Debt/Equity0.160.06
EPS₹1.38₹25.80
RoNW12.7713.90

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Drone Destination IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in AccelerateBS IPO and 12,60,000 shares in Drone Destination IPO.

 AccelerateBS IPODrone Destination IPO
Anchor Investor Reservation0 shares18,88,000 shares
Market Maker Reservation33,600 shares5,00,000 shares
QIB0 shares12,60,000 shares
NII2,99,200 shares9,46,000 shares
RII2,99,200 shares22,06,000 shares
Employee0 shares
Total5,98,400 shares63,00,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.18x in total, whereas Drone Destination IPO subscribed 134.22x.

 AccelerateBS IPODrone Destination IPO
QIB (times)50.54x
NII (times)39.25x243.59x
RII (times)59.11x249.98x
Total (times)49.18x134.22x

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AccelerateBS IPODrone Destination IPO
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Compare:

AccelerateBS IPO Vs Drone Destination IPO