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Alpex Solar IPO vs Polysil Irrigation Systems IPO

Comparision between Alpex Solar IPO and Polysil Irrigation Systems IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Polysil Irrigation Systems IPO is a SME Fixed Price Issue proposed to list at NSE SME.

  Alpex Solar IPO Polysil Irrigation Systems IPO
Logo Alpex Solar IPO Logo Polysil Irrigation Systems 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 Corporate Capitalventures Pvt Ltd Fedex Securities Pvt Ltd
Registrar Skyline Financial Services Private Ltd Bigshare Services Pvt Ltd
Market Maker Ss Corporate Securities 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 Alpex Solar IPO is up to ₹74.52 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹17.44 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.

  Alpex Solar IPO Polysil Irrigation Systems IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹109.00 per share
Issue Price (Upper) ₹115.00 per share
Issue Price (Final) ₹115.00 per share ₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 2000 shares
Fresh Issue Size 64,80,000 shares 14,44,000 shares
Fresh Issue Size (Amount) up to ₹74.52 Cr up to ₹7.80 Cr
OFS Issue Size 17,85,000 shares
OFS Issue Size (Amount) up to ₹9.64 Cr
Issue Size Total 64,80,000 shares 32,29,000 shares
Issue Size Total (Amount) up to ₹74.52 Cr up to ₹17.44 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Alpex Solar IPO and Polysil Irrigation Systems IPO is Feb 12, 2024, and Feb 13, 2024, respectively.

  Alpex Solar IPO Polysil Irrigation Systems IPO
Anchor Bid Date Feb 07, 2024
Issue Open Feb 08, 2024 Feb 08, 2024
Issue Close Feb 12, 2024 Feb 13, 2024
Basis Of Allotment (Tentative) Feb 13, 2024 Feb 14, 2024
Initiation of Refunds (Tentative) Feb 14, 2024 Feb 15, 2024
Credit of Share (Tentative) Feb 14, 2024 Feb 15, 2024
Listing date (Tentative) Feb 15, 2024 Feb 16, 2024
Anchor Lockin End date 1 Mar 14, 2024
Anchor Lockin End date 2 May 13, 2024

Financials

Alpex Solar IPO P/E ratio is 54.66, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.

  Alpex Solar IPO Polysil Irrigation Systems IPO
Financial

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,188.4612,559.6410,003.759,935.35
Revenue21,310.7219,592.0716,853.6214,972.96
Profit After Tax760.58378.5819.42315.23
Net Worth4,906.864,146.293,767.703,748.28
Reserves and Surplus4,307.083,546.513,167.923,148.50
Total Borrowing4,175.154,735.732,669.982,992.68
Amount in ₹ Lakhs

Polysil Irrigation Systems Limited Financial Information (Restated)

Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,671.495,531.464,616.804,178.47
Revenue1,019.744,392.493,767.215,471.58
Profit After Tax110.31113.5333.7564.81
Net Worth1,646.021,535.711,372.061,338.31
Reserves and Surplus656.31546.001,326.561,292.82
Total Borrowing1,566.171,547.251,494.961,104.83
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 93.53% 33.79%
Promoter Shareholding (Post-Issue) 68.76% 29.49%
P/E Ratio 54.66 47.08
Market Cap ₹281.44 Cr. ₹61.24 Cr.
ROE 9.55%% 7.39%%
ROCE 18.81%% 12.81%%
Debt/Equity 1.14 1.01
EPS ₹2.10 ₹1.15
RoNW 9.55%% 7.39%%

Shares Offered

In the Alpex Solar IPO retail investors (RII) are offered 21,55,200 shares while in Polysil Irrigation Systems IPO retail investors are offered 21,55,200 shares. Qualified institutional buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and 0 shares in Polysil Irrigation Systems IPO.

  Alpex Solar IPO Polysil Irrigation Systems IPO
Anchor Investor Reserveration 18,45,600 shares
Market Maker Reserveration 3,24,000 shares 1,64,000 shares
QIB 12,31,200 shares 0 shares
NII 9,24,000 shares 15,32,000 shares
RII 21,55,200 shares 15,32,000 shares
Employee 0 shares 0 shares
Others
Total 43,10,400 shares 30,64,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.

  Alpex Solar IPO Polysil Irrigation Systems IPO
QIB (times) 141.48x
NII (times) 502.31x 2.12x
Big NII (times)
Small NII (times)
RII (times) 351.89x 11.62x
Employee (times)
Other (times)
Total (times) 324.03x 6.88x

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