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Aeron Composite IPO vs Indian Phosphate IPO

Comparision between Aeron Composite IPO and Indian Phosphate IPO.

IPO Details

Aeron Composite IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Indian Phosphate IPO is a SME Book Built Issue proposed to list at NSE SME.

  Aeron Composite IPO Indian Phosphate IPO
Logo Aeron Composite IPO Logo Indian Phosphate IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Hem Securities Limited Beeline Capital Advisors Pvt Ltd
Registrar Maashitla Securities Private Limited Bigshare Services Pvt Ltd
Market Maker Hem Finlease Private Limited Spread X Securities Private Limited
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 Aeron Composite IPO is up to ₹56.10 Cr whereas the issue size of the Indian Phosphate IPO is up to ₹67.36 Cr. The final issue price of Aeron Composite IPO is ₹125.00 per share and of Indian Phosphate IPO is ₹99.00 per share.

  Aeron Composite IPO Indian Phosphate IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹121.00 per share ₹94.00 per share
Issue Price (Upper) ₹125.00 per share ₹99.00 per share
Issue Price (Final) ₹125.00 per share ₹99.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1200 shares
Fresh Issue Size 44,88,000 shares 68,04,000 shares
Fresh Issue Size (Amount) up to ₹56.10 Cr up to ₹67.36 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 44,88,000 shares 68,04,000 shares
Issue Size Total (Amount) up to ₹56.10 Cr up to ₹67.36 Cr

IPO Timetable

Aeron Composite IPO opens on Aug 28, 2024, while Indian Phosphate IPO opens on Aug 26, 2024. The closing date of Aeron Composite IPO and Indian Phosphate IPO is Aug 30, 2024, and Aug 29, 2024, respectively.

  Aeron Composite IPO Indian Phosphate IPO
Anchor Bid Date Aug 27, 2024 Aug 23, 2024
Issue Open Aug 28, 2024 Aug 26, 2024
Issue Close Aug 30, 2024 Aug 29, 2024
Basis Of Allotment (Tentative) Sep 02, 2024 Aug 30, 2024
Initiation of Refunds (Tentative) Sep 03, 2024 Sep 02, 2024
Credit of Share (Tentative) Sep 03, 2024 Sep 02, 2024
Listing date (Tentative) Sep 04, 2024 Sep 03, 2024
Anchor Lockin End date 1 Oct 02, 2024 Sep 29, 2024
Anchor Lockin End date 2 Dec 01, 2024 Nov 28, 2024

Financials

Aeron Composite IPO P/E ratio is 23.69, as compared to Indian Phosphate IPO P/E ratio of 14.88.

  Aeron Composite IPO Indian Phosphate IPO
Financial

Aeron Composite Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets9,979.426,910.216,063.234,360.19
Revenue18,080.3518,199.2610,992.57,906.12
Profit After Tax942.23661.15362.12255.3
Net Worth3,478.192,535.961,557.351,208.23
Reserves and Surplus3,321.542,379.311,427.351,078.23
Total Borrowing1,208.231,399.621,255.541,042.7
Amount in ₹ Lakhs

Indian Phosphate Limited Financial Information (Restated Consolidated)

Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets25,518.617,407.4510,789.936,313.71
Revenue71,757.8177,093.255,838.5641,501.81
Profit After Tax1,210.211,659.531,616.61509.44
Net Worth8,099.066,751.85,092.273,475.66
Reserves and Surplus6,280.566,480.374,820.843,204.23
Total Borrowing4,023.171,535.481,830.58434.04
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 100.00%
Promoter Shareholding (Post-Issue) 73.63% 72.77%
P/E Ratio 23.69 14.88
Market Cap ₹212.75 Cr. ₹247.40 Cr.
ROE 31.33% 18.14%%
ROCE 29.67% 20.93%%
Debt/Equity 0.35 0.5
EPS ₹5.28 ₹6.65
RoNW 27.09% 16.63%%

Shares Offered

In the Aeron Composite IPO retail investors (RII) are offered 14,18,000 shares while in Indian Phosphate IPO retail investors are offered 14,18,000 shares. Qualified institutional buyers (QIB) are offered 8,10,000 shares in Aeron Composite IPO and 12,86,400 shares in Indian Phosphate IPO.

  Aeron Composite IPO Indian Phosphate IPO
Anchor Investor Reserveration 12,14,000 shares 19,28,400 shares
Market Maker Reserveration 2,28,000 shares 3,73,200 shares
QIB 8,10,000 shares 12,86,400 shares
NII 6,08,000 shares 9,64,800 shares
RII 14,18,000 shares 22,51,200 shares
Employee 0 shares 0 shares
Others
Total 28,36,000 shares 45,02,400 shares

Bids Received (Subscription)

Aeron Composite IPO subscribed 41.07x in total, whereas Indian Phosphate IPO subscribed 267.89x.

  Aeron Composite IPO Indian Phosphate IPO
QIB (times) 27.82x 181.58x
NII (times) 75.53x 441.01x
Big NII (times)
Small NII (times)
RII (times) 33.77x 243.02x
Employee (times)
Other (times)
Total (times) 41.07x 267.89x

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