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
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

Compare with others

Axita Cotton IPO	Surani Steel IPO
Anmol India IPO	Aartech Solonics IPO
Kranti Industries IPO	Jonjua Overseas IPO
Ritco Logistics IPO	Anmol India IPO
Surani Steel IPO	Kranti Industries IPO
KPI Global IPO	Ritco Logistics IPO
SR Dye-Chem IPO	KPI Global IPO
Diksha Greens IPO	Axita Cotton IPO
Agarwal Packers and Movers IPO	SR Dye-Chem IPO
Shree Krishna Infrastructure IPO	Diksha Greens IPO
Roni Households IPO	Agarwal Packers and Movers IPO

Comments

Add a public comment...