Droneacharya Aerial Innovations IPO vs Pritika Engineering Components IPO

Comparision between Droneacharya Aerial Innovations IPO and Pritika Engineering Components IPO.

IPO Details

Droneacharya Aerial Innovations IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Pritika Engineering Components IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Droneacharya Aerial Innovations IPO	Pritika Engineering Components IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker	R.K.Stock Holding Private Limited	Smc Global Securities Ltd.
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 Droneacharya Aerial Innovations IPO is up to ₹33.97 Cr whereas the issue size of the Pritika Engineering Components IPO is up to ₹9.42 Cr. The final issue price of Droneacharya Aerial Innovations IPO is ₹54.00 per share and of Pritika Engineering Components IPO is ₹29.00 per share.

	Droneacharya Aerial Innovations IPO	Pritika Engineering Components IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹54.00 per share
Issue Price (Final)	₹54.00 per share	₹29.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	62,90,000 shares	32,48,000 shares
Fresh Issue Size (Amount)	up to ₹33.97 Cr	up to ₹9.42 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	62,90,000 shares	32,48,000 shares
Issue Size Total (Amount)	up to ₹33.97 Cr	up to ₹9.42 Cr

IPO Timetable

Droneacharya Aerial Innovations IPO opens on Dec 13, 2022, while Pritika Engineering Components IPO opens on Nov 25, 2022. The closing date of Droneacharya Aerial Innovations IPO and Pritika Engineering Components IPO is Dec 15, 2022, and Nov 30, 2022, respectively.

	Droneacharya Aerial Innovations IPO	Pritika Engineering Components IPO
Anchor Bid Date	Dec 12, 2022
Issue Open	Dec 13, 2022	Nov 25, 2022
Issue Close	Dec 15, 2022	Nov 30, 2022
Basis Of Allotment (Tentative)	Dec 20, 2022	Dec 05, 2022
Initiation of Refunds (Tentative)	Dec 21, 2022	Dec 06, 2022
Credit of Share (Tentative)	Dec 22, 2022	Dec 07, 2022
Listing date (Tentative)	Dec 23, 2022	Dec 08, 2022
Anchor Lockin End date 1	Jan 19, 2023	Jan 04, 2023
Anchor Lockin End date 2	Mar 20, 2023	Mar 05, 2023

Financials

Droneacharya Aerial Innovations IPO P/E ratio is 45, as compared to Pritika Engineering Components IPO P/E ratio of 8.76.

Droneacharya Aerial Innovations IPO

Pritika Engineering Components IPO

Financial

Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2.51	0	-2.3	0.91	0.82
31-Mar-21	119.13	1	-14.89	104.08	1.27
31-Mar-22	1546.52	358.74	40.65	1447.77	46.25
30-Jun-22	3402.62	308.96	72.06	3357.77	1.02
Amount in ₹ Lakhs

Pritika Engineering Components Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	4134.38	2172.4	13.75	538.8	2023
31-Mar-21	5594.29	3244.36	38.18	1262.13	2196.71
31-Mar-22	7107.36	5739.58	546.17	1652.62	2507.67
30-Sep-22	8121.82	4340.24	185.53	1832.88	3161.13
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

38.23%

100%

Promoter Shareholding (Post-Issue)

28.21%

P/E Ratio

8.76

Market Cap

₹129.54 Cr.

₹31.56 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Droneacharya Aerial Innovations IPO retail investors (RII) are offered 20,92,000 shares while in Pritika Engineering Components IPO retail investors are offered 20,92,000 shares. Qualified institutional buyers (QIB) are offered 11,94,000 shares in Droneacharya Aerial Innovations IPO and in Pritika Engineering Components IPO.

	Droneacharya Aerial Innovations IPO	Pritika Engineering Components IPO
Anchor Investor Reserveration	23,28,000 shares
Market Maker Reserveration	3,16,000 shares	1,64,000 shares
QIB	11,94,000 shares
NII	12,14,000 shares	15,42,000 shares
RII	20,92,000 shares	15,42,000 shares
Employee
Others
Total	45,00,000 shares	30,84,000 shares

Bids Received (Subscription)

Droneacharya Aerial Innovations IPO subscribed 243.70x in total, whereas Pritika Engineering Components IPO subscribed 158.56x.

	Droneacharya Aerial Innovations IPO	Pritika Engineering Components IPO
QIB (times)	46.21x
NII (times)	287.80x	144.47x
Big NII (times)
Small NII (times)
RII (times)	330.82x	172.65x
Employee (times)
Other (times)
Total (times)	243.70x	158.56x

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Droneacharya Aerial Innovations IPO	Pritika Engineering Components IPO
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Pritika Engineering Components IPO	Rite Zone Chemcon IPO
AMBO Agritec IPO	Integrated Personnel Services IPO

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