ASK Automotive IPO vs Gandhar Oil Refinery India IPO

Comparision between ASK Automotive IPO and Gandhar Oil Refinery India IPO.

IPO Details

ASK Automotive IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Gandhar Oil Refinery India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ASK Automotive IPO	Gandhar Oil Refinery India IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd	ICICI Securities Limited Nuvama Wealth Management Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 ASK Automotive IPO is up to ₹834.00 Cr whereas the issue size of the Gandhar Oil Refinery India IPO is up to ₹500.69 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of Gandhar Oil Refinery India IPO is ₹169.00 per share.

	ASK Automotive IPO	Gandhar Oil Refinery India IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹268.00 per share	₹160.00 per share
Issue Price (Upper)	₹282.00 per share	₹169.00 per share
Issue Price (Final)	₹282.00 per share	₹169.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	88 shares
Fresh Issue Size		1,78,69,822 shares
Fresh Issue Size (Amount)		up to ₹302.00 Cr
OFS Issue Size	2,95,71,390 shares	1,17,56,910 shares
OFS Issue Size (Amount)	up to ₹834.00 Cr	up to ₹198.69 Cr
Issue Size Total	2,95,71,390 shares	2,96,26,732 shares
Issue Size Total (Amount)	up to ₹834.00 Cr	up to ₹500.69 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while Gandhar Oil Refinery India IPO opens on Nov 22, 2023. The closing date of ASK Automotive IPO and Gandhar Oil Refinery India IPO is Nov 09, 2023, and Nov 24, 2023, respectively.

	ASK Automotive IPO	Gandhar Oil Refinery India IPO
Anchor Bid Date	Nov 06, 2023	Nov 21, 2023
Issue Open	Nov 07, 2023	Nov 22, 2023
Issue Close	Nov 09, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 29, 2023
Credit of Share (Tentative)	Nov 13, 2023	Nov 29, 2023
Listing date (Tentative)	Nov 15, 2023	Nov 30, 2023
Anchor Lockin End date 1	Dec 10, 2023	Dec 28, 2023
Anchor Lockin End date 2	Feb 08, 2024	Feb 26, 2024

Financials

ASK Automotive IPO P/E ratio is 45.63, as compared to Gandhar Oil Refinery India IPO P/E ratio of .

ASK Automotive IPO

Gandhar Oil Refinery India IPO

Financial

ASK Automotive Limited Financial Information (Restated Consolidated)

ASK Automotive Limited's revenue increased by 26.78% and profit after tax (PAT) rose by 48.75% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,443.34	1,281.21	1,105.56	948.25
Revenue	657.55	2,566.28	2,024.26	1,567.77
Profit After Tax	34.83	122.95	82.66	106.20
Net Worth		643.77	631.91	622.23
Reserves and Surplus	639.03	604.34	591.73	581.54
Total Borrowing	268.03	231.82	119.78	54.02
Amount in ₹ Crore

Gandhar Oil Refinery (India) Limited Financial Information (Proforma Consolidated)

Gandhar Oil Refinery (India) Limited's revenue increased by 20.71% and profit after tax (PAT) rose by 15.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,795.57	1,613.44	1,318.21	1,097.70
Revenue	1,071.52	4,101.79	3,397.98	2,069.58
Profit After Tax	54.28	213.18	184.30	161.14
Net Worth	810.79	760.21	560.71	375.76
Reserves and Surplus	763.99	719.19	529.07	355.68
Total Borrowing	335.62	169.53	158.16	176.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

87.50%

Promoter Shareholding (Post-Issue)

64.63%

P/E Ratio

45.63

Market Cap

₹5559.00 Cr.

₹1654.00 Cr.

ROE

32.28%%

ROCE

41.19%%

Debt/Equity

0.49

0.22

EPS

₹6.18

₹23.77

RoNW

19.10%%

32.28%%

Shares Offered

In the ASK Automotive IPO retail investors (RII) are offered 1,03,49,987 shares while in Gandhar Oil Refinery India IPO retail investors are offered 1,03,49,987 shares. Qualified institutional buyers (QIB) are offered 59,14,278 shares in ASK Automotive IPO and 59,25,346 shares in Gandhar Oil Refinery India IPO.

	ASK Automotive IPO	Gandhar Oil Refinery India IPO
Anchor Investor Reserveration	88,71,416 shares	88,88,018 shares
Market Maker Reserveration
QIB	59,14,278 shares	59,25,346 shares
NII	44,35,709 shares	44,44,010 shares
RII	1,03,49,987 shares	1,03,69,356 shares
Employee	0 shares	0 shares
Others
Total	2,06,99,974 shares	2,07,38,712 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas Gandhar Oil Refinery India IPO subscribed 65.63x.

	ASK Automotive IPO	Gandhar Oil Refinery India IPO
QIB (times)	142.41x	129.06x
NII (times)	35.47x	64.34x
Big NII (times)	41.13x	61.93x
Small NII (times)	24.16x	69.17x
RII (times)	5.70x	29.93x
Employee (times)
Other (times)
Total (times)	51.14x	65.63x

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