Akanksha Power and Infrastructure IPO vs IBL Finance IPO

Comparision between Akanksha Power and Infrastructure IPO and IBL Finance IPO.

IPO Details

Akanksha Power and Infrastructure IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Akanksha Power and Infrastructure IPO	IBL Finance IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Narnolia Financial Services Ltd	Fedex Securities Pvt Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Nikunj Stock Brokers Limited	Market-Hub Stock Broking Private 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 Akanksha Power and Infrastructure IPO is up to ₹27.49 Cr whereas the issue size of the IBL Finance IPO is up to ₹33.41 Cr. The final issue price of Akanksha Power and Infrastructure IPO is ₹55.00 per share and of IBL Finance IPO is ₹51.00 per share.

	Akanksha Power and Infrastructure IPO	IBL Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹55.00 per share
Issue Price (Final)	₹55.00 per share	₹51.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	49,98,000 shares	65,50,000 shares
Fresh Issue Size (Amount)	up to ₹27.49 Cr	up to ₹33.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	49,98,000 shares	65,50,000 shares
Issue Size Total (Amount)	up to ₹27.49 Cr	up to ₹33.41 Cr

IPO Timetable

Akanksha Power and Infrastructure IPO opens on Dec 27, 2023, while IBL Finance IPO opens on Jan 09, 2024. The closing date of Akanksha Power and Infrastructure IPO and IBL Finance IPO is Dec 29, 2023, and Jan 11, 2024, respectively.

	Akanksha Power and Infrastructure IPO	IBL Finance IPO
Anchor Bid Date	Dec 26, 2023
Issue Open	Dec 27, 2023	Jan 09, 2024
Issue Close	Dec 29, 2023	Jan 11, 2024
Basis Of Allotment (Tentative)	Jan 01, 2024	Jan 12, 2024
Initiation of Refunds (Tentative)	Jan 02, 2024	Jan 15, 2024
Credit of Share (Tentative)	Jan 02, 2024	Jan 15, 2024
Listing date (Tentative)	Jan 03, 2024	Jan 16, 2024
Anchor Lockin End date 1	Jan 31, 2024	Feb 11, 2024
Anchor Lockin End date 2	Mar 31, 2024	Apr 11, 2024

Financials

Akanksha Power and Infrastructure IPO P/E ratio is 24.02, as compared to IBL Finance IPO P/E ratio of 48.08.

Akanksha Power and Infrastructure IPO

IBL Finance IPO

Financial

Akanksha Power and Infrastructure Limited Financial Information (Restated)

Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% 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	5,530.82	4,762.65	3,838.92	3,781.19
Revenue	1,027.27	4,644.03	5,206.50	7,441.05
Profit After Tax	71.06	290.50	240.92	392.12
Net Worth	2,074.75	1,595.94	1,305.42	1,064.50
Reserves and Surplus	722.70	1,414.44	1,123.92	883.00
Total Borrowing	1,722.62	1,527.68	1,055.03	891.47
Amount in ₹ Lakhs

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Profit After Tax	120.60	192.83	42.73	-9.88
Net Worth	2,169.34	2,048.74	355.47	312.73
Reserves and Surplus	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

83.28%

85.55%

Promoter Shareholding (Post-Issue)

60.81%

62.89%

P/E Ratio

24.02

48.08

Market Cap

₹101.85 Cr.

₹126.13 Cr.

ROE

18.20%%

9.41%%

ROCE

22.75%%

18.88%%

Debt/Equity

0.96

EPS

₹2.29

₹1.06

RoNW

18.20%%

9.41%%

Shares Offered

In the Akanksha Power and Infrastructure IPO retail investors (RII) are offered 16,60,000 shares while in IBL Finance IPO retail investors are offered 16,60,000 shares. Qualified institutional buyers (QIB) are offered 9,48,000 shares in Akanksha Power and Infrastructure IPO and 0 shares in IBL Finance IPO.

	Akanksha Power and Infrastructure IPO	IBL Finance IPO
Anchor Investor Reserveration	14,18,000 shares
Market Maker Reserveration	2,60,000 shares	3,30,000 shares
QIB	9,48,000 shares	0 shares
NII	7,12,000 shares	31,10,000 shares
RII	16,60,000 shares	31,10,000 shares
Employee	0 shares	0 shares
Others
Total	33,20,000 shares	62,20,000 shares

Bids Received (Subscription)

Akanksha Power and Infrastructure IPO subscribed 117.39x in total, whereas IBL Finance IPO subscribed 17.00x.

	Akanksha Power and Infrastructure IPO	IBL Finance IPO
QIB (times)	38.51x
NII (times)	238.60x	9.94x
Big NII (times)
Small NII (times)
RII (times)	110.44x	24.03x
Employee (times)
Other (times)
Total (times)	117.39x	17.00x

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Akanksha Power and Infrastructure IPO	IBL Finance IPO
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Lawsikho IPO	Maxposure IPO
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New Swan Multitech IPO	Australian Premium Solar (India) IPO
Kaushalya Logistics IPO	Lawsikho IPO
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MCPL IPO	Kaushalya Logistics IPO
Kay Cee Energy & Infra IPO	Akanksha Power and Infrastructure IPO
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AIK Pipes And Polymers IPO	MCPL IPO

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