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AB Cotspin IPO vs Precision Metaliks IPO

Comparison between AB Cotspin IPO and Precision Metaliks IPO.

IPO Details

AB Cotspin IPO is a SME Fixed Price IPO proposed to list at NSE SME while Precision Metaliks IPO is a SME Fixed Price proposed to list at NSE SME.

 AB Cotspin IPOPrecision Metaliks IPO
LogoAB Cotspin IPO LogoPrecision Metaliks IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.First Overseas Capital Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerPentagon Stock Brokers Pvt.Ltd.NNM Securities Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AB Cotspin IPO is up to ₹9.58 Cr whereas the issue size of the Precision Metaliks IPO is up to ₹20.83 Cr. The final issue price of AB Cotspin IPO is ₹35.00 per share and of Precision Metaliks IPO is ₹51.00 per share.

 AB Cotspin IPOPrecision Metaliks IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹33.00 per share
Issue Price (Upper)₹35.00 per share
Issue Price (Final)₹35.00 per share₹51.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size27,36,000 shares40,84,000 shares
Fresh Issue Size (Amount)up to ₹9.58 Crup to ₹20.83 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total27,36,000 shares40,84,000 shares
Issue Size Total (Amount)up to ₹9.58 Crup to ₹20.83 Cr

IPO Timetable

AB Cotspin IPO opens on Dec 30, 2021, while Precision Metaliks IPO opens on Jan 19, 2022. The closing date of AB Cotspin IPO and Precision Metaliks IPO is Jan 03, 2022, and Jan 24, 2022, respectively.

 AB Cotspin IPOPrecision Metaliks IPO
Anchor Bid Date
Issue OpenDec 30, 2021Jan 19, 2022
Issue CloseJan 03, 2022Jan 24, 2022
Basis Of Allotment (Tentative)Jan 06, 2022Jan 28, 2022
Initiation of Refunds (Tentative)Jan 07, 2022Jan 31, 2022
Credit of Share (Tentative)Jan 10, 2022Feb 01, 2022
Listing date (Tentative)Jan 11, 2022Feb 01, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AB Cotspin IPO P/E ratio is 2.71, as compared to Precision Metaliks IPO P/E ratio of 19.32.

 AB Cotspin IPOPrecision Metaliks IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Jun-21 31-Mar-21 31-Mar-20
Total Assets 718.42 636.96 527.61
Total Revenue 305.34 1,155.67 942.81
Profit After Tax 33.22 38.78 7.57
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Lakhs)
  30-Sep-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 2,022.96 2,147.71 1,367.27 302.59
Total Revenue 4,813.35 4,924.13 2,217.96 5.28
Profit After Tax 214.57 149.35 82.39 0.46
Promoter Shareholding (Pre-Issue)48.5079.70
Promoter Shareholding (Post-Issue)34.9158.62
P/E Ratio2.7119.32
Market Cap₹36.02 Cr.₹82.92 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the AB Cotspin IPO Retail Individual Investors (RII) are offered 13,68,000 shares while in Precision Metaliks IPO retail investors are offered 13,68,000 shares. Qualified Institutional Buyers (QIB) are offered in AB Cotspin IPO and in Precision Metaliks IPO.

 AB Cotspin IPOPrecision Metaliks IPO
Anchor Investor Reserveration
Market Maker Reserveration1,48,000 shares2,16,000 shares
QIB
NII13,68,000 shares20,42,000 shares
RII13,68,000 shares20,42,000 shares
Employee
Others
Total27,36,000 shares40,84,000 shares

Bids Received (Subscription)

AB Cotspin IPO subscribed 13.46x in total, whereas Precision Metaliks IPO subscribed 7.36x.

 AB Cotspin IPOPrecision Metaliks IPO
QIB (times)
NII (times)9.45x2.81x
Big NII (times)
Small NII (times)
RII (times)17.47x11.90x
Employee (times)
Other (times)
Total (times)13.46x7.36x