ASK Automotive IPO vs IREDA IPO

Comparision between ASK Automotive IPO and IREDA IPO.

IPO Details

ASK Automotive IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IREDA IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ASK Automotive IPO	IREDA 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	Idbi Capital Market Services Limited Bob Capital Markets Limited SBI Capital Markets 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 IREDA IPO is up to ₹2,150.21 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of IREDA IPO is ₹32.00 per share.

	ASK Automotive IPO	IREDA IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹268.00 per share	₹30.00 per share
Issue Price (Upper)	₹282.00 per share	₹32.00 per share
Issue Price (Final)	₹282.00 per share	₹32.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	460 shares
Fresh Issue Size		40,31,64,706 shares
Fresh Issue Size (Amount)		up to ₹1,290.13 Cr
OFS Issue Size	2,95,71,390 shares	26,87,76,471 shares
OFS Issue Size (Amount)	up to ₹834.00 Cr	up to ₹860.08 Cr
Issue Size Total	2,95,71,390 shares	67,19,41,177 shares
Issue Size Total (Amount)	up to ₹834.00 Cr	up to ₹2,150.21 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of ASK Automotive IPO and IREDA IPO is Nov 09, 2023, and Nov 23, 2023, respectively.

	ASK Automotive IPO	IREDA IPO
Anchor Bid Date	Nov 06, 2023	Nov 20, 2023
Issue Open	Nov 07, 2023	Nov 21, 2023
Issue Close	Nov 09, 2023	Nov 23, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Nov 24, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 25, 2023
Credit of Share (Tentative)	Nov 13, 2023	Nov 28, 2023
Listing date (Tentative)	Nov 15, 2023	Nov 29, 2023
Anchor Lockin End date 1	Dec 10, 2023	Dec 24, 2023
Anchor Lockin End date 2	Feb 08, 2024	Feb 22, 2024

Financials

ASK Automotive IPO P/E ratio is 45.63, as compared to IREDA IPO P/E ratio of 8.47.

ASK Automotive IPO

IREDA 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

Indian Renewable Energy Development Agency Limited Financial Information (Restated Standalone)

Indian Renewable Energy Development Agency Limited's revenue increased by 21.18% and profit after tax (PAT) rose by 36.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	51,208.36	50,446.98	36,708.41	30,293.39
Revenue	2,320.46	3,483.04	2,874.16	2,657.74
Profit After Tax	579.32	864.63	633.53	346.38
Net Worth	6,580.61	5,935.17	5,268.11	2,995.60
Reserves and Surplus	2,550.36	2,310.96	1,776.05	1,386.12
Total Borrowing	39,850.19	40,165.23	27,613.07	24,000.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

75%

P/E Ratio

45.63

8.47

Market Cap

₹5559.00 Cr.

₹8600.85 Cr.

ROE

15.44%%

ROCE

Debt/Equity

0.49

6.77

EPS

₹6.18

₹3.78

RoNW

19.10%%

15.44%%

Shares Offered

In the ASK Automotive IPO retail investors (RII) are offered 1,03,49,987 shares while in IREDA 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 13,40,13,152 shares in IREDA IPO.

	ASK Automotive IPO	IREDA IPO
Anchor Investor Reserveration	88,71,416 shares	20,10,19,726 shares
Market Maker Reserveration
QIB	59,14,278 shares	13,40,13,152 shares
NII	44,35,709 shares	10,05,09,864 shares
RII	1,03,49,987 shares	23,45,23,015 shares
Employee	0 shares	18,75,420 shares
Others
Total	2,06,99,974 shares	47,09,21,451 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas IREDA IPO subscribed 38.80x.

	ASK Automotive IPO	IREDA IPO
QIB (times)	142.41x	104.57x
NII (times)	35.47x	24.16x
Big NII (times)	41.13x	26.99x
Small NII (times)	24.16x	18.50x
RII (times)	5.70x	7.73x
Employee (times)		9.80x
Other (times)
Total (times)	51.14x	38.80x

Compare with others

ASK Automotive IPO	IREDA IPO
DOMS IPO	Mukka Proteins IPO
Flair Writing IPO	Happy Forgings IPO
IREDA IPO	Muthoot Microfin IPO
Fedbank Financial Services IPO	DOMS IPO
Gandhar Oil Refinery India IPO	Flair Writing IPO
ESAF Small Finance Bank IPO	Fedbank Financial Services IPO
Cello World Limited IPO	Gandhar Oil Refinery India IPO
Mamaearth IPO	ASK Automotive IPO
Blue Jet Healthcare IPO	ESAF Small Finance Bank IPO
Protean eGov Technologies IPO	Cello World Limited IPO

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