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Aakash Exploration IPO vs Garv Industries IPO

Comparison between Aakash Exploration IPO and Garv Industries IPO.

IPO Details

Aakash Exploration IPO is a SME Fixed Price IPO proposed to list at NSE SME while Garv Industries IPO is a SME Fixed Price proposed to list at BSE SME.

 Aakash Exploration IPOGarv Industries IPO
LogoAakash Exploration IPO LogoGarv Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersMonarch Networth Capital Ltd.Aryaman Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerMonarch Networth Capital Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aakash Exploration IPO is up to ₹9.58 Cr whereas the issue size of the Garv Industries IPO is up to ₹3.03 Cr. The final issue price of Aakash Exploration IPO is ₹56.00 per share and of Garv Industries IPO is ₹10.00 per share.

 Aakash Exploration IPOGarv Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹56.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares10000 shares
Fresh Issue Size17,10,000 shares30,30,000 shares
Fresh Issue Size (Amount)up to ₹9.58 Crup to ₹3.03 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,10,000 shares30,30,000 shares
Issue Size Total (Amount)up to ₹9.58 Crup to ₹3.03 Cr

IPO Timetable

Aakash Exploration IPO opens on Apr 17, 2018, while Garv Industries IPO opens on Apr 12, 2018. The closing date of Aakash Exploration IPO and Garv Industries IPO is Apr 19, 2018, and Apr 17, 2018, respectively.

 Aakash Exploration IPOGarv Industries IPO
Anchor Bid Date
Issue OpenApr 17, 2018Apr 12, 2018
Issue CloseApr 19, 2018Apr 17, 2018
Basis Of Allotment (Tentative)Apr 24, 2018Apr 20, 2018
Initiation of Refunds (Tentative)Apr 25, 2018Apr 23, 2018
Credit of Share (Tentative)Apr 26, 2018Apr 24, 2018
Listing date (Tentative)Apr 27, 2018Apr 25, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Aakash Exploration IPO P/E ratio is , as compared to Garv Industries IPO P/E ratio of .

 Aakash Exploration IPOGarv Industries IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,382.38 3,131.06 2,549.24 1,393.22 1,056.70
Total Revenue 3,380.30 2,563.31 2,345.20 1,389.54 944.65
Profit After Tax 110.02 44.32 101.44 49.38 14.40
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lacs)
31-Jan-18
Total Assets 1,036.35
Total Revenue 1,459.18
Profit After Tax 11.43
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Aakash Exploration IPO Retail Individual Investors (RII) are offered 8,55,000 shares while in Garv Industries IPO retail investors are offered 8,55,000 shares. Qualified Institutional Buyers (QIB) are offered in Aakash Exploration IPO and in Garv Industries IPO.

 Aakash Exploration IPOGarv Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration90,000 shares1,70,000 shares
QIB
NII8,55,000 shares15,15,000 shares
RII8,55,000 shares15,15,000 shares
Employee
Others
Total17,10,000 shares30,30,000 shares

Bids Received (Subscription)

Aakash Exploration IPO subscribed 1.48x in total, whereas Garv Industries IPO subscribed 2.13x.

 Aakash Exploration IPOGarv Industries IPO
QIB (times)
NII (times)1.59x2.17x
Big NII (times)
Small NII (times)
RII (times)1.38x1.89x
Employee (times)
Other (times)
Total (times)1.48x2.13x