Aashka Hospitals IPO vs Gretex Corporate IPO

Comparison between Aashka Hospitals IPO and Gretex Corporate IPO.

IPO Details

Aashka Hospitals IPO is a SME Fixed Price IPO proposed to list at BSE SME while Gretex Corporate IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Aashka Hospitals IPO is up to ₹95.83 Cr whereas the issue size of the Gretex Corporate IPO is up to ₹4.87 Cr. The final issue price of Aashka Hospitals IPO is ₹121.00 per share and of Gretex Corporate IPO is ₹170.00 per share.

 Aashka Hospitals IPOGretex Corporate IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹121.00 per share₹170.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares800 shares
Fresh Issue Size49,20,000 shares2,22,400 shares
Fresh Issue Size (Amount)up to ₹59.53 Crup to ₹3.78 Cr
OFS Issue Size30,00,000 shares64,000 shares
OFS Issue Size (Amount)up to ₹36.30 Crup to ₹1.09 Cr
Issue Size Total79,20,000 shares2,86,400 shares
Issue Size Total (Amount)up to ₹95.83 Crup to ₹4.87 Cr

IPO Timetable

Aashka Hospitals IPO opens on Aug 10, 2021, while Gretex Corporate IPO opens on Jul 27, 2021. The closing date of Aashka Hospitals IPO and Gretex Corporate IPO is Aug 24, 2021, and Jul 30, 2021, respectively.

 Aashka Hospitals IPOGretex Corporate IPO
Issue OpenAug 10, 2021Jul 27, 2021
Issue CloseAug 24, 2021Jul 30, 2021
Basis Of Allotment (Tentative)Aug 30, 2021Aug 04, 2021
Initiation of Refunds (Tentative)Aug 31, 2021Aug 05, 2021
Credit of Share (Tentative)Aug 31, 2021Aug 06, 2021
Listing date (Tentative)Sep 01, 2021Aug 09, 2021

Financials & KPIs

Aashka Hospitals IPO P/E ratio is , as compared to Gretex Corporate IPO P/E ratio of .

 Aashka Hospitals IPOGretex Corporate IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets65.0860.0554.05
Total Income40.6927.2527.73
Profit After Tax4.111.381.36
EBITDA9.928.629.57
NET Worth29.2524.1915.36
Reserves and Surplus11.256.28-1.80
Total Borrowing21.6727.3925.52
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202131 Mar 202031 Mar 2019
Assets10.118.389.46
Total Income3.251.453.16
Profit After Tax0.71-1.150.25
EBITDA1.19-0.680.70
NET Worth6.283.745.34
Reserves and Surplus5.383.094.69
Total Borrowing2.503.652.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.67%100%
Promoter Shareholding (Post-Issue)61.28%73.48%
Market Cap₹283.14 Cr.₹19.33 Cr.

Shares Offered

In the Aashka Hospitals IPO Retail Individual Investors (RII) are offered 39,60,000 shares while in Gretex Corporate IPO retail investors are offered 39,60,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Aashka Hospitals IPO and 0 shares in Gretex Corporate IPO.

 Aashka Hospitals IPOGretex Corporate IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation4,80,000 shares15,200 shares
QIB0 shares0 shares
NII39,60,000 shares1,43,200 shares
RII39,60,000 shares1,43,200 shares
Employee0 shares0 shares
Total79,20,000 shares2,86,400 shares

Bids Received (Subscription)

Aashka Hospitals IPO subscribed 1.38x in total, whereas Gretex Corporate IPO subscribed 7.27x.

 Aashka Hospitals IPOGretex Corporate IPO
NII (times)2.02x2.37x
RII (times)0.75x12.17x
Total (times)1.38x7.27x

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Aashka Hospitals IPO Vs Gretex Corporate IPO