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Avax Apparels IPO vs Phoenix Overseas IPO

Comparison between Avax Apparels IPO and Phoenix Overseas IPO.

IPO Details

Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Phoenix Overseas IPO is a SME Bookbuilding proposed to list at NSE SME.

 Avax Apparels IPOPhoenix Overseas IPO
LogoAvax Apparels IPO LogoPhoenix Overseas IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSKI Capital Services Ltd.Khandwala Securities Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSKI Capital Services Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Avax Apparels IPO is up to ₹1.82 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹34.23 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.

 Avax Apparels IPOPhoenix Overseas IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹61.00 per share
Issue Price (Upper)₹64.00 per share
Issue Price (Final)₹70.00 per share₹64.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size2,60,000 shares42,98,000 shares
Fresh Issue Size (Amount)up to ₹1.82 Crup to ₹27.51 Cr
OFS Issue Size0 shares10,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.72 Cr
Issue Size Total2,60,000 shares53,48,000 shares
Issue Size Total (Amount)up to ₹1.82 Crup to ₹34.23 Cr

IPO Timetable

Avax Apparels IPO opens on Jan 07, 2025, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Avax Apparels IPO and Phoenix Overseas IPO is Jan 09, 2025, and Sep 24, 2024, respectively.

 Avax Apparels IPOPhoenix Overseas IPO
Anchor Bid Date
Issue OpenJan 07, 2025Sep 20, 2024
Issue CloseJan 09, 2025Sep 24, 2024
Basis Of Allotment (Tentative)Jan 10, 2025Sep 25, 2024
Initiation of Refunds (Tentative)Jan 13, 2025Sep 26, 2024
Credit of Share (Tentative)Jan 13, 2025Sep 26, 2024
Listing date (Tentative)Jan 14, 2025Sep 27, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Avax Apparels IPO P/E ratio is 3.88, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

 Avax Apparels IPOPhoenix Overseas IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets10.894.853.470.58
Total Income15.0122.0614.700.29
Profit After Tax0.911.380.690.01
NET Worth4.053.151.760.02
Total Borrowing0.720.720.30
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets131.63146.8694.81
Total Income549.15451.32378.28
Profit After Tax5.503.753.91
NET Worth50.1245.7142.47
Reserves and Surplus45.2040.7837.54
Total Borrowing29.3734.4729.81
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)5799.16
Promoter Shareholding (Post-Issue)41.9770.26
P/E Ratio3.8817.18
Market Cap₹7.27 Cr.₹123.81 Cr.
ROE43.9110.74
ROCE61.6815.28
Debt/Equity0.59
EPS₹18.06₹3.72
RoNW43.9110.74

Shares Offered

In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Phoenix Overseas IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 8,00,000 shares in Phoenix Overseas IPO.

 Avax Apparels IPOPhoenix Overseas IPO
Anchor Investor Reservation0 shares
Market Maker Reservation14,000 shares2,82,000 shares
QIB0 shares8,00,000 shares
NII1,30,000 shares23,00,000 shares
RII1,30,000 shares22,48,000 shares
Employee0 shares
Others
Total2,60,000 shares53,48,000 shares

Bids Received (Subscription)

Avax Apparels IPO subscribed 256.41x in total, whereas Phoenix Overseas IPO subscribed 121.14x.

 Avax Apparels IPOPhoenix Overseas IPO
QIB (times)65.90x
NII (times)140.46x113.82x
Big NII (times)
Small NII (times)
RII (times)372.35x148.29x
Employee (times)
Other (times)
Total (times)256.41x121.14x

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Avax Apparels IPO Vs Phoenix Overseas IPO