Comparison between Akme Fintrade IPO and Vraj Iron IPO.
Akme Fintrade IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vraj Iron 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 Vraj Iron IPO is up to ₹171.00 Cr. The final issue price of Akme Fintrade IPO is ₹120.00 per share and of Vraj Iron IPO is ₹207.00 per share.
| Akme Fintrade IPO | Vraj Iron IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹114.00 per share | ₹195.00 per share |
| Issue Price (Upper) | ₹120.00 per share | ₹207.00 per share |
| Issue Price (Final) | ₹120.00 per share | ₹207.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 125 shares | 72 shares |
| Fresh Issue Size | 1,10,00,000 shares | 82,60,869 shares |
| Fresh Issue Size (Amount) | up to ₹132.00 Cr | up to ₹171.00 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,10,00,000 shares | 82,60,869 shares |
| Issue Size Total (Amount) | up to ₹132.00 Cr | up to ₹171.00 Cr |
Akme Fintrade IPO opens on Jun 19, 2024, while Vraj Iron IPO opens on Jun 26, 2024. The closing date of Akme Fintrade IPO and Vraj Iron IPO is Jun 21, 2024, and Jun 28, 2024, respectively.
| Akme Fintrade IPO | Vraj Iron IPO | |
|---|---|---|
| Anchor Bid Date | Jun 18, 2024 | Jun 25, 2024 |
| Issue Open | Jun 19, 2024 | Jun 26, 2024 |
| Issue Close | Jun 21, 2024 | Jun 28, 2024 |
| Basis Of Allotment (Tentative) | Jun 24, 2024 | Jul 01, 2024 |
| Initiation of Refunds (Tentative) | Jun 25, 2024 | Jul 02, 2024 |
| Credit of Share (Tentative) | Jun 25, 2024 | Jul 02, 2024 |
| Listing date (Tentative) | Jun 26, 2024 | Jul 03, 2024 |
| Anchor Lockin End date 1 | Jul 24, 2024 | Jul 31, 2024 |
| Anchor Lockin End date 2 | Sep 22, 2024 | Sep 29, 2024 |
Akme Fintrade IPO P/E ratio is , as compared to Vraj Iron IPO P/E ratio of 9.48.
| Akme Fintrade IPO | Vraj Iron IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 56.01 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 9.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹682.74 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 5.64% | 23.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.34% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 2.49 | 0.27 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.87 | ₹21.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 5.81% | 23.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Akme Fintrade IPO Retail Individual Investors (RII) are offered 36,57,500 shares while in Vraj Iron IPO retail investors are offered 36,57,500 shares. Qualified Institutional Buyers (QIB) are offered 20,90,000 shares in Akme Fintrade IPO and 16,52,174 shares in Vraj Iron IPO.
| Akme Fintrade IPO | Vraj Iron IPO | |
|---|---|---|
| Anchor Investor Reservation | 31,35,000 shares | 24,78,259 shares |
| Market Maker Reservation | ||
| QIB | 20,90,000 shares | 16,52,174 shares |
| NII | 15,67,500 shares | 12,39,131 shares |
| RII | 36,57,500 shares | 28,91,305 shares |
| Employee | 5,50,000 shares | |
| Others | ||
| Total | 1,10,00,000 shares | 82,60,869 shares |
Akme Fintrade IPO subscribed 54.49x in total, whereas Vraj Iron IPO subscribed 126.36x.
| Akme Fintrade IPO | Vraj Iron IPO | |
|---|---|---|
| QIB (times) | 28.12x | 173.99x |
| NII (times) | 129.98x | 221.66x |
| Big NII (times) | 121.56x | 217.50x |
| Small NII (times) | 146.83x | 229.99x |
| RII (times) | 44.58x | 58.31x |
| Employee (times) | 5.42x | |
| Other (times) | ||
| Total (times) | 54.49x | 126.36x |
