Comparison between Akme Fintrade IPO and Sanstar IPO.
Akme Fintrade IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sanstar IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Akme Fintrade IPO is up to ₹132.00 Cr whereas the issue size of the Sanstar IPO is up to ₹510.15 Cr. The final issue price of Akme Fintrade IPO is ₹120.00 per share and of Sanstar IPO is ₹95.00 per share.
| Akme Fintrade IPO | Sanstar IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹2 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹90.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹95.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹95.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 125 shares | 150 shares |
| Fresh Issue Size | 1,10,00,000 shares | 4,18,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹132.00 Cr | up to ₹397.10 Cr |
| OFS Issue Size | 0 shares | 1,19,00,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹113.05 Cr |
| Issue Size Total | 1,10,00,000 shares | 5,37,00,000 shares |
| Issue Size Total (Amount) | up to ₹132.00 Cr | up to ₹510.15 Cr |
Akme Fintrade IPO opens on Jun 19, 2024, while Sanstar IPO opens on Jul 19, 2024. The closing date of Akme Fintrade IPO and Sanstar IPO is Jun 21, 2024, and Jul 23, 2024, respectively.
| Akme Fintrade IPO | Sanstar IPO | |
|---|---|---|
| Anchor Bid Date | Jun 18, 2024 | Jul 18, 2024 |
| Issue Open | Jun 19, 2024 | Jul 19, 2024 |
| Issue Close | Jun 21, 2024 | Jul 23, 2024 |
| Basis Of Allotment (Tentative) | Jun 24, 2024 | Jul 24, 2024 |
| Initiation of Refunds (Tentative) | Jun 25, 2024 | Jul 25, 2024 |
| Credit of Share (Tentative) | Jun 25, 2024 | Jul 25, 2024 |
| Listing date (Tentative) | Jun 26, 2024 | Jul 26, 2024 |
| Anchor Lockin End date 1 | Jul 24, 2024 | Aug 23, 2024 |
| Anchor Lockin End date 2 | Sep 22, 2024 | Oct 22, 2024 |
Akme Fintrade IPO P/E ratio is , as compared to Sanstar IPO P/E ratio of 19.98.
| Akme Fintrade IPO | Sanstar IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 56.01 | 99.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 70.37 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 19.98 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1731.32 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 5.64% | 30.92% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.43% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.49 | 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.87 | ₹4.75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 5.81% | 30.92% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Akme Fintrade IPO Retail Individual Investors (RII) are offered 36,57,500 shares while in Sanstar IPO retail investors are offered 36,57,500 shares. Qualified Institutional Buyers (QIB) are offered 20,90,000 shares in Akme Fintrade IPO and 1,07,40,000 shares in Sanstar IPO.
| Akme Fintrade IPO | Sanstar IPO | |
|---|---|---|
| Anchor Investor Reservation | 31,35,000 shares | 1,61,10,000 shares |
| Market Maker Reservation | ||
| QIB | 20,90,000 shares | 1,07,40,000 shares |
| NII | 15,67,500 shares | 80,55,000 shares |
| RII | 36,57,500 shares | 1,87,95,000 shares |
| Employee | 5,50,000 shares | |
| Others | ||
| Total | 1,10,00,000 shares | 5,37,00,000 shares |
Akme Fintrade IPO subscribed 54.49x in total, whereas Sanstar IPO subscribed 82.99x.
| Akme Fintrade IPO | Sanstar IPO | |
|---|---|---|
| QIB (times) | 28.12x | 145.68x |
| NII (times) | 129.98x | 136.49x |
| Big NII (times) | 121.56x | 149.44x |
| Small NII (times) | 146.83x | 110.61x |
| RII (times) | 44.58x | 24.23x |
| Employee (times) | 5.42x | |
| Other (times) | ||
| Total (times) | 54.49x | 82.99x |
