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Adishakti Loha and Ispat IPO vs Promax Power Limited IPO

Comparision between Adishakti Loha and Ispat IPO and Promax Power Limited IPO.

IPO Details

Adishakti Loha and Ispat IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Promax Power Limited IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Adishakti Loha and Ispat IPO Promax Power Limited IPO
Logo Adishakti Loha and Ispat IPO Logo Promax Power Limited IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Turnaround Corporate Advisors Private Limited Finshore Management Services Limited
Registrar Bigshare Services Pvt Ltd Cameo Corporate Services 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 Adishakti Loha and Ispat IPO is up to ₹2.00 Cr whereas the issue size of the Promax Power Limited IPO is up to ₹1.60 Cr. The final issue price of Adishakti Loha and Ispat IPO is ₹11.00 per share and of Promax Power Limited IPO is ₹10.00 per share.

  Adishakti Loha and Ispat IPO Promax Power Limited IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹11.00 per share ₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 10000 shares 10000 shares
Fresh Issue Size 16,00,000 shares
Fresh Issue Size (Amount) up to ₹1.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 18,20,000 shares 16,00,000 shares
Issue Size Total (Amount) up to ₹2.00 Cr up to ₹1.60 Cr

IPO Timetable

Adishakti Loha and Ispat IPO opens on Sep 30, 2021, while Promax Power Limited IPO opens on Sep 30, 2021. The closing date of Adishakti Loha and Ispat IPO and Promax Power Limited IPO is Oct 05, 2021, and Oct 04, 2021, respectively.

  Adishakti Loha and Ispat IPO Promax Power Limited IPO
Anchor Bid Date
Issue Open Sep 30, 2021 Sep 30, 2021
Issue Close Oct 05, 2021 Oct 04, 2021
Basis Of Allotment (Tentative) Oct 07, 2021
Initiation of Refunds (Tentative) Oct 08, 2021
Credit of Share (Tentative) Oct 11, 2021
Listing date (Tentative) Oct 12, 2021
Anchor Lockin End date 1 Nov 06, 2021
Anchor Lockin End date 2 Jan 05, 2022

Financials

Adishakti Loha and Ispat IPO P/E ratio is , as compared to Promax Power Limited IPO P/E ratio of .

  Adishakti Loha and Ispat IPO Promax Power Limited IPO
Financial
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 93.57 0.46 0.21
Total Revenue 109.49 0.27 NA
Profit After Tax (0.21) 0.19 0.04
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 204.30 206.64 0.14
Total Revenue 368.89 77.63 NA
Profit After Tax 1.7839 3.1147 (0.0001)
Promoter Shareholding (Pre-Issue) 100.00% 99.99%
Promoter Shareholding (Post-Issue) 60.07% 73.33%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Adishakti Loha and Ispat IPO retail investors (RII) are offered 8,60,000 shares while in Promax Power Limited IPO retail investors are offered 8,60,000 shares. Qualified institutional buyers (QIB) are offered in Adishakti Loha and Ispat IPO and in Promax Power Limited IPO.

  Adishakti Loha and Ispat IPO Promax Power Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,00,000 shares 80,000 shares
QIB
NII 8,60,000 shares 7,60,000 shares
RII 8,60,000 shares 7,60,000 shares
Employee
Others
Total 17,20,000 shares 15,20,000 shares

Bids Received (Subscription)

Adishakti Loha and Ispat IPO subscribed 1.84x in total, whereas Promax Power Limited IPO subscribed 6.89x.

  Adishakti Loha and Ispat IPO Promax Power Limited IPO
QIB (times)
NII (times) 0.81x 2.39x
Big NII (times)
Small NII (times)
RII (times) 2.87x 11.38x
Employee (times)
Other (times)
Total (times) 1.84x 6.89x

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