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Alpex Solar IPO vs Thaai Casting IPO

Comparision between Alpex Solar IPO and Thaai Casting IPO.

IPO Details

Alpex Solar IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Thaai Casting IPO is a SME Book Built Issue proposed to list at NSE SME.

  Alpex Solar IPO Thaai Casting IPO
Logo Alpex Solar IPO Logo Thaai Casting IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Corporate Capitalventures Pvt Ltd GYR Capital Advisors Private Limited
Registrar Skyline Financial Services Private Ltd Purva Sharegistry India Pvt Ltd
Market Maker Ss Corporate Securities Limited Giriraj Stock Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor 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 Thaai Casting IPO is up to ₹47.20 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Thaai Casting IPO is ₹77.00 per share.

  Alpex Solar IPO Thaai Casting IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹109.00 per share ₹73.00 per share
Issue Price (Upper) ₹115.00 per share ₹77.00 per share
Issue Price (Final) ₹115.00 per share ₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1200 shares 1600 shares
Fresh Issue Size 64,80,000 shares 61,29,600 shares
Fresh Issue Size (Amount) up to ₹74.52 Cr up to ₹47.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 64,80,000 shares 61,29,600 shares
Issue Size Total (Amount) up to ₹74.52 Cr up to ₹47.20 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Thaai Casting IPO opens on Feb 15, 2024. The closing date of Alpex Solar IPO and Thaai Casting IPO is Feb 12, 2024, and Feb 20, 2024, respectively.

  Alpex Solar IPO Thaai Casting IPO
Anchor Bid Date Feb 07, 2024 Feb 14, 2024
Issue Open Feb 08, 2024 Feb 15, 2024
Issue Close Feb 12, 2024 Feb 20, 2024
Basis Of Allotment (Tentative) Feb 13, 2024 Feb 21, 2024
Initiation of Refunds (Tentative) Feb 14, 2024 Feb 21, 2024
Credit of Share (Tentative) Feb 14, 2024 Feb 22, 2024
Listing date (Tentative) Feb 15, 2024 Feb 23, 2024
Anchor Lockin End date 1 Mar 14, 2024 Mar 21, 2024
Anchor Lockin End date 2 May 13, 2024 May 20, 2024

Financials

Alpex Solar IPO P/E ratio is 54.66, as compared to Thaai Casting IPO P/E ratio of 25.99.

  Alpex Solar IPO Thaai Casting 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

Thaai Casting Ltd Financial Information (Restated Standalone)

Thaai Casting Ltd's revenue increased by 27.84% and profit after tax (PAT) rose by 336.49% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,638.255,498.523,752.292,379.19
Revenue4,848.914,911.643,841.942,048.70
Profit After Tax860.93503.71115.4040.33
Net Worth4,116.941,617.31894.84473.46
Reserves and Surplus620.78
Total Borrowing7,830.032,985.102,351.151,313.51
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 93.53% 86.50%
Promoter Shareholding (Post-Issue) 68.76%
P/E Ratio 54.66 25.99
Market Cap ₹281.44 Cr. ₹178.10 Cr.
ROE 9.55%%
ROCE 18.81%% 13%%
Debt/Equity 1.14 1.85
EPS ₹2.10 ₹2.96
RoNW 9.55%% 40.10%%

Shares Offered

In the Alpex Solar IPO retail investors (RII) are offered 21,55,200 shares while in Thaai Casting IPO retail investors are offered 21,55,200 shares. Qualified institutional buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and 11,56,800 shares in Thaai Casting IPO.

  Alpex Solar IPO Thaai Casting IPO
Anchor Investor Reserveration 18,45,600 shares 17,34,400 shares
Market Maker Reserveration 3,24,000 shares 3,47,200 shares
QIB 12,31,200 shares 11,56,800 shares
NII 9,24,000 shares 8,67,200 shares
RII 21,55,200 shares 20,24,000 shares
Employee 0 shares 0 shares
Others
Total 43,10,400 shares 40,48,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Thaai Casting IPO subscribed 375.43x.

  Alpex Solar IPO Thaai Casting IPO
QIB (times) 141.48x 144.43x
NII (times) 502.31x 729.72x
Big NII (times)
Small NII (times)
RII (times) 351.89x 355.66x
Employee (times)
Other (times)
Total (times) 324.03x 375.43x

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