Aakash Exploration IPO vs Godha Cabcon IPO

Comparison between Aakash Exploration IPO and Godha Cabcon IPO.

IPO Details

Aakash Exploration IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Godha Cabcon IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Aakash Exploration IPO is up to ₹9.58 Cr whereas the issue size of the Godha Cabcon IPO is up to ₹9.39 Cr. The final issue price of Aakash Exploration IPO is ₹56.00 per share and of Godha Cabcon IPO is ₹33.00 per share.

 Aakash Exploration IPOGodha Cabcon IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹30.00 per share
Issue Price (Upper)₹33.00 per share
Issue Price (Final)₹56.00 per share₹33.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares4000 shares
Fresh Issue Size17,10,000 shares28,44,000 shares
Fresh Issue Size (Amount)up to ₹9.58 Crup to ₹9.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total17,10,000 shares28,44,000 shares
Issue Size Total (Amount)up to ₹9.58 Crup to ₹9.39 Cr

IPO Timetable

Aakash Exploration IPO opens on Apr 17, 2018, while Godha Cabcon IPO opens on Apr 27, 2018. The closing date of Aakash Exploration IPO and Godha Cabcon IPO is Apr 19, 2018, and May 03, 2018, respectively.

 Aakash Exploration IPOGodha Cabcon IPO
Issue OpenApr 17, 2018Apr 27, 2018
Issue CloseApr 19, 2018May 03, 2018
Basis Of Allotment (Tentative)Apr 24, 2018May 10, 2018
Initiation of Refunds (Tentative)Apr 25, 2018
Credit of Share (Tentative)Apr 26, 2018
Listing date (Tentative)Apr 27, 2018May 11, 2018

Financials & KPIs

Aakash Exploration IPO P/E ratio is , as compared to Godha Cabcon IPO P/E ratio of .

 Aakash Exploration IPOGodha Cabcon IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets40.2633.8231.3125.49
Total Income31.1533.5824.9123.05
Profit After Tax0.681.100.441.01
NET Worth17.6616.9715.926.78
Reserves and Surplus12.7112.0210.924.78
Total Borrowing13.7812.3111.2413.14
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Oct 201731 Mar 2017
Assets26.610.01
Total Income21.230.00
Profit After Tax0.93-0.00
NET Worth6.820.01
Reserves and Surplus0.93-0.00
Total Borrowing15.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)73.32%72.97%
Market Cap₹37.80 Cr.₹36.63 Cr.

Shares Offered

In the Aakash Exploration IPO Retail Individual Investors (RII) are offered 8,55,000 shares while in Godha Cabcon IPO retail investors are offered 8,55,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Aakash Exploration IPO and 14,20,000 shares in Godha Cabcon IPO.

 Aakash Exploration IPOGodha Cabcon IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation90,000 shares1,60,000 shares
QIB0 shares14,20,000 shares
NII8,55,000 shares4,26,000 shares
RII8,55,000 shares9,94,000 shares
Employee0 shares0 shares
Total17,10,000 shares28,40,000 shares

Bids Received (Subscription)

Aakash Exploration IPO subscribed 1.48x in total, whereas Godha Cabcon IPO subscribed 1.39x.

 Aakash Exploration IPOGodha Cabcon IPO
QIB (times)0.00x
NII (times)1.59x3.65x
RII (times)1.38x2.41x
Total (times)1.48x1.39x

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