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Axita Cotton IPO vs Surani Steel IPO

Comparision between Axita Cotton IPO and Surani Steel IPO.

IPO Details

Axita Cotton IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Surani Steel IPO is a SME Book Built Issue proposed to list at NSE SME.

  Axita Cotton IPO Surani Steel IPO
Logo Axita Cotton IPO Logo Surani Steel IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Beeline Broking Ltd Pantomath Capital Advisors Pvt Ltd
Registrar Link Intime India Private Ltd Link Intime India Private Ltd
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 Axita Cotton IPO is up to ₹10.51 Cr whereas the issue size of the Surani Steel IPO is up to ₹12.92 Cr. The final issue price of Axita Cotton IPO is ₹60.00 per share and of Surani Steel IPO is ₹52.00 per share.

  Axita Cotton IPO Surani Steel IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹51.00 per share
Issue Price (Upper) ₹52.00 per share
Issue Price (Final) ₹60.00 per share ₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 2000 shares
Fresh Issue Size 24,84,000 shares
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 17,52,000 shares 24,84,000 shares
Issue Size Total (Amount) up to ₹10.51 Cr up to ₹12.92 Cr

IPO Timetable

Axita Cotton IPO opens on Dec 27, 2018, while Surani Steel IPO opens on Jan 25, 2019. The closing date of Axita Cotton IPO and Surani Steel IPO is Jan 02, 2019, and Jan 29, 2019, respectively.

  Axita Cotton IPO Surani Steel IPO
Anchor Bid Date
Issue Open Dec 27, 2018 Jan 25, 2019
Issue Close Jan 02, 2019 Jan 29, 2019
Basis Of Allotment (Tentative) Jan 07, 2019
Initiation of Refunds (Tentative) Jan 08, 2019
Credit of Share (Tentative) Jan 09, 2019
Listing date (Tentative) Jan 10, 2019
Anchor Lockin End date 1 Feb 06, 2019
Anchor Lockin End date 2 Apr 07, 2019

Financials

Axita Cotton IPO P/E ratio is , as compared to Surani Steel IPO P/E ratio of .

  Axita Cotton IPO Surani Steel IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 2,556.03 2,229.49 1,750.51 1,387.41 1,330.79 1,324.53
Total Revenue 2,121.59 12,392.36 9,152.24 6,875.95 7,705.35 1,736.10
Profit After Tax 32.60 82.13 2.71 12.46 (28.51) 5.85
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 3,528.36 2,836.35 2,298.30 1,594.83 1,541.34
Total Revenue 10,079.72 7,670.08 6,845.89 5,814.16 3,599.92
Profit After Tax 172.44 99.90 109.60 16.25 (2.99)
Promoter Shareholding (Pre-Issue) 20,95,000 Shares (36.12%)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Axita Cotton IPO retail investors (RII) are offered 8,30,000 shares while in Surani Steel IPO retail investors are offered 8,30,000 shares. Qualified institutional buyers (QIB) are offered in Axita Cotton IPO and in Surani Steel IPO.

  Axita Cotton IPO Surani Steel IPO
Anchor Investor Reserveration
Market Maker Reserveration 92,000 shares 1,26,000 shares
QIB
NII 8,30,000 shares 12,42,000 shares
RII 8,30,000 shares 12,42,000 shares
Employee
Others
Total 16,60,000 shares 23,58,000 shares

Bids Received (Subscription)

Axita Cotton IPO subscribed 1.98x in total, whereas Surani Steel IPO subscribed 1.55x.

  Axita Cotton IPO Surani Steel IPO
QIB (times)
NII (times) 2.40x 1.70x
Big NII (times)
Small NII (times)
RII (times) 1.55x 1.23x
Employee (times)
Other (times)
Total (times) 1.98x 1.55x

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