Ahasolar Technologies IPO vs Drone Destination IPO

Comparision between Ahasolar Technologies IPO and Drone Destination IPO.

IPO Details

Ahasolar Technologies IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Drone Destination IPO is a SME Book Built Issue proposed to list at NSE SME.

	Ahasolar Technologies IPO	Drone Destination IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Narnolia Financial Services Ltd
Registrar	Kfin Technologies Limited	Maashitla Securities Private Limited
Market Maker	Sunflower Broking Private Limited	Nikunj Stock Brokers 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 Ahasolar Technologies IPO is up to ₹12.85 Cr whereas the issue size of the Drone Destination IPO is up to ₹44.20 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Drone Destination IPO is ₹65.00 per share.

	Ahasolar Technologies IPO	Drone 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)	₹157.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	8,18,400 shares	68,00,000 shares
Fresh Issue Size (Amount)	up to ₹12.85 Cr	up to ₹44.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,18,400 shares	68,00,000 shares
Issue Size Total (Amount)	up to ₹12.85 Cr	up to ₹44.20 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of Ahasolar Technologies IPO and Drone Destination IPO is Jul 13, 2023, and Jul 13, 2023, respectively.

	Ahasolar Technologies IPO	Drone Destination IPO
Anchor Bid Date		Jul 06, 2023
Issue Open	Jul 10, 2023	Jul 07, 2023
Issue Close	Jul 13, 2023	Jul 13, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Jul 18, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Jul 19, 2023
Credit of Share (Tentative)	Jul 20, 2023	Jul 20, 2023
Listing date (Tentative)	Jul 21, 2023	Jul 21, 2023
Anchor Lockin End date 1	Aug 17, 2023	Aug 17, 2023
Anchor Lockin End date 2	Oct 16, 2023	Oct 16, 2023

Financials

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Drone Destination IPO P/E ratio of 64.35.

Ahasolar Technologies IPO

Drone Destination IPO

Financial

Ahasolar Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	138.63	128.70	2.07	2.16	1.16	23.04
31-Mar-21	85.47	187.73	7.91	10.08	9.08	24.24
31-Mar-22	237.37	1,714.64	68.63	78.71	77.71	58.18
31-Mar-23	525.56	2,105.16	176.38	405.07	178.69	0.00
Amount in ₹ Lakhs

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50.31%

85.14%

Promoter Shareholding (Post-Issue)

36.95%

62.31%

P/E Ratio

27.45

64.35

Market Cap

₹48.39 Cr.

₹157.95 Cr.

ROE

72.92%%

13.90%%

ROCE

63.53%%

18.65%%

Debt/Equity

0.06

EPS

₹7.94

₹25.80

RoNW

43.54%%

13.90%%

Shares Offered

In the Ahasolar Technologies IPO retail investors (RII) are offered 3,88,000 shares while in Drone Destination IPO retail investors are offered 3,88,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Ahasolar Technologies IPO and 12,62,000 shares in Drone Destination IPO.

	Ahasolar Technologies IPO	Drone Destination IPO
Anchor Investor Reserveration		18,88,000 shares
Market Maker Reserveration	42,400 shares	5,00,000 shares
QIB	0 shares	12,62,000 shares
NII	3,88,000 shares	9,45,000 shares
RII	3,88,000 shares	22,05,000 shares
Employee	0 shares	0 shares
Others
Total	7,76,000 shares	44,12,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Drone Destination IPO subscribed 191.65x.

	Ahasolar Technologies IPO	Drone Destination IPO
QIB (times)		50.46x
NII (times)	23.37x	243.85x
Big NII (times)
Small NII (times)
RII (times)	46.18x	250.09x
Employee (times)
Other (times)
Total (times)	34.79x	191.65x

Compare with others

Ahasolar Technologies IPO	Drone Destination IPO
Committed Cargo Care IPO	Khazanchi Jewellers IPO
Khazanchi Jewellers IPO	Srivari Spices and Foods IPO
Srivari Spices and Foods IPO	Asarfi Hospital IPO
Asarfi Hospital IPO	Service Care IPO
Service Care IPO	Ahasolar Technologies IPO
Drone Destination IPO	AccelerateBS India IPO
AccelerateBS India IPO	Synoptics Technologies IPO
Synoptics Technologies IPO	Alphalogic Industries IPO
Alphalogic Industries IPO	Global Pet Industries IPO
Global Pet Industries IPO	Tridhya Tech IPO

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