A1 Acid IPO vs Kshitij Polyline IPO

Comparision between A1 Acid IPO and Kshitij Polyline IPO.

IPO Details

A1 Acid IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Kshitij Polyline IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	A1 Acid IPO	Kshitij Polyline IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Guiness Corporate Advisors Pvt Ltd	Monarch Networth Capital Ltd
Registrar	Cameo Corporate Services Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of A1 Acid IPO is up to ₹18.00 Cr whereas the issue size of the Kshitij Polyline IPO is up to ₹8.75 Cr. The final issue price of A1 Acid IPO is ₹60.00 per share and of Kshitij Polyline IPO is ₹35.00 per share.

	A1 Acid IPO	Kshitij Polyline IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹60.00 per share	₹35.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	30,00,000 shares	25,00,000 shares
Issue Size Total (Amount)	up to ₹18.00 Cr	up to ₹8.75 Cr

IPO Timetable

A1 Acid IPO opens on Sep 25, 2018, while Kshitij Polyline IPO opens on Sep 21, 2018. The closing date of A1 Acid IPO and Kshitij Polyline IPO is Oct 01, 2018, and Sep 27, 2018, respectively.

	A1 Acid IPO	Kshitij Polyline IPO
Anchor Bid Date
Issue Open	Sep 25, 2018	Sep 21, 2018
Issue Close	Oct 01, 2018	Sep 27, 2018
Basis Of Allotment (Tentative)		Oct 03, 2018
Initiation of Refunds (Tentative)		Oct 04, 2018
Credit of Share (Tentative)		Oct 05, 2018
Listing date (Tentative)		Oct 08, 2018
Anchor Lockin End date 1		Nov 02, 2018
Anchor Lockin End date 2		Jan 01, 2019

Financials

A1 Acid IPO P/E ratio is , as compared to Kshitij Polyline IPO P/E ratio of .

A1 Acid IPO

Kshitij Polyline IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	3,934.59	3,765.29	2,593.89	2,415.72	2,436.23
Total Revenue	9,616.50	10,579.67	8,539.29	9,700.82	10,114.03
Profit After Tax	247.88	300.04	92.48	12.61	(12.39)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	2,477.39	1,719.42	1,483.16	1,422.31	1,309.95
Total Revenue	2,743.25	1,701.04	1,557.20	1,239.14	1,267.65
Profit After Tax	105.62	27.78	19.94	16.27	11.45

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the A1 Acid IPO retail investors (RII) are offered 14,22,000 shares while in Kshitij Polyline IPO retail investors are offered 14,22,000 shares. Qualified institutional buyers (QIB) are offered in A1 Acid IPO and in Kshitij Polyline IPO.

	A1 Acid IPO	Kshitij Polyline IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,56,000 shares	1,32,000 shares
QIB
NII	14,22,000 shares	11,84,000 shares
RII	14,22,000 shares	11,84,000 shares
Employee
Others
Total	28,44,000 shares	23,68,000 shares

Bids Received (Subscription)

A1 Acid IPO subscribed 1.81x in total, whereas Kshitij Polyline IPO subscribed 1.45x.

	A1 Acid IPO	Kshitij Polyline IPO
QIB (times)
NII (times)	2.37x	1.88x
Big NII (times)
Small NII (times)
RII (times)	1.25x	1.02x
Employee (times)
Other (times)
Total (times)	1.81x	1.45x

Compare with others

A1 Acid IPO	Kshitij Polyline IPO
Silgo Retail IPO	A1 Acid IPO
Marine Electricals IPO	Innovative Ideals IPO
Parin Furniture IPO	Mac Hotels IPO
Rajnandini Metal IPO	Sky Gold IPO
Mindpool Technologies IPO	Manorama Industries IPO
Innovative Ideals IPO	Spectrum Electrical IPO
Mac Hotels IPO	Ranjeet Mechatronics IPO
Sky Gold IPO	Akg Exim IPO
Manorama Industries IPO	Rajshree Polypack IPO
Kshitij Polyline IPO	Synergy Green IPO

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