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Divine Power IPO vs The Money Fair IPO

Comparision between Divine Power IPO and The Money Fair IPO.

IPO Details

Divine Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while The Money Fair IPO is a SME Book Built Issue proposed to list at NSE SME.

  Divine Power IPO The Money Fair IPO
Logo Divine Power IPO Logo The Money Fair 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 Khambatta Securities Limited Fast Track Finsec Pvt Ltd
Registrar Bigshare Services Pvt Ltd Skyline Financial Services Private Ltd
Market Maker Nikunj Stock Brokers Limited Nikunj Stock Brokers 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 Divine Power IPO is up to ₹22.76 Cr whereas the issue size of the The Money Fair IPO is up to ₹23.11 Cr. The final issue price of Divine Power IPO is ₹40.00 per share and of The Money Fair IPO is ₹77.00 per share.

  Divine Power IPO The Money Fair IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹36.00 per share ₹73.00 per share
Issue Price (Upper) ₹40.00 per share ₹77.00 per share
Issue Price (Final) ₹40.00 per share ₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 3000 shares 1600 shares
Fresh Issue Size 56,90,000 shares 30,01,600 shares
Fresh Issue Size (Amount) up to ₹22.76 Cr up to ₹23.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 56,90,000 shares 30,01,600 shares
Issue Size Total (Amount) up to ₹22.76 Cr up to ₹23.11 Cr

IPO Timetable

Divine Power IPO opens on Jun 25, 2024, while The Money Fair IPO opens on Jun 25, 2024. The closing date of Divine Power IPO and The Money Fair IPO is Jun 27, 2024, and Jun 27, 2024, respectively.

  Divine Power IPO The Money Fair IPO
Anchor Bid Date Jun 24, 2024 Jun 24, 2024
Issue Open Jun 25, 2024 Jun 25, 2024
Issue Close Jun 27, 2024 Jun 27, 2024
Basis Of Allotment (Tentative) Jun 28, 2024 Jul 01, 2024
Initiation of Refunds (Tentative) Jul 01, 2024 Jul 01, 2024
Credit of Share (Tentative) Jul 01, 2024 Jul 01, 2024
Listing date (Tentative) Jul 02, 2024 Jul 02, 2024
Anchor Lockin End date 1 Jul 28, 2024 Jul 31, 2024
Anchor Lockin End date 2 Sep 26, 2024 Sep 29, 2024

Financials

Divine Power IPO P/E ratio is 9.85, as compared to The Money Fair IPO P/E ratio of 13.2.

  Divine Power IPO The Money Fair IPO
Financial

Divine Power Energy Limited Financial Information (Restated)

Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets8,889.247,253.316,276.46
Revenue22,272.0015,084.2012,290.38
Profit After Tax640.59284.9480.51
Net Worth2,556.531,915.941,246.00
Reserves and Surplus978.62338.031,231.72
Total Borrowing5,785.444,763.844,466.34
Amount in ₹ Lakhs

Akiko Global Services Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,794.911,130.87405.67234.88
Revenue2,609.763,958.971,353.31610.78
Profit After Tax321.48453.2677.8522.98
Net Worth1,403.37578.40123.1445.29
Reserves and Surplus626.57574.40121.1443.29
Total Borrowing122.0595.8926.1349.62
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 100.00% 92.77%
Promoter Shareholding (Post-Issue) 66.91%
P/E Ratio 9.85 13.2
Market Cap ₹85.88 Cr. ₹82.93 Cr.
ROE 25.06%% 32.44%%
ROCE 16.25%% 29.23%%
Debt/Equity 2.26 0.09
EPS ₹4.06 ₹5.83
RoNW 25.06%% 22.91%%

Shares Offered

In the Divine Power IPO retail investors (RII) are offered 21,11,978 shares while in The Money Fair IPO retail investors are offered 21,11,978 shares. Qualified institutional buyers (QIB) are offered 12,17,110 shares in Divine Power IPO and 6,54,400 shares in The Money Fair IPO.

  Divine Power IPO The Money Fair IPO
Anchor Investor Reserveration 16,20,000 shares 8,54,400 shares
Market Maker Reserveration 2,88,000 shares 1,50,400 shares
QIB 12,17,110 shares 6,54,400 shares
NII 9,05,134 shares 4,28,800 shares
RII 21,11,978 shares 9,98,400 shares
Employee 0 shares 0 shares
Others
Total 42,34,222 shares 20,81,600 shares

Bids Received (Subscription)

Divine Power IPO subscribed 393.67x in total, whereas The Money Fair IPO subscribed 34.96x.

  Divine Power IPO The Money Fair IPO
QIB (times) 135.84x 10.21x
NII (times) 473.74x 48.05x
Big NII (times)
Small NII (times)
RII (times) 507.94x 45.57x
Employee (times)
Other (times)
Total (times) 393.67x 34.96x

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