ABG Shipyard IPO vs Everest Kanto Cylinder IPO

Comparison between ABG Shipyard IPO and Everest Kanto Cylinder IPO.

IPO Details

ABG Shipyard IPO is a Mainboard Bookbuilding IPO proposed to list at BSE while Everest Kanto Cylinder IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of ABG Shipyard IPO is up to ₹157.25 Cr whereas the issue size of the Everest Kanto Cylinder IPO is up to ₹90.00 Cr. The final issue price of ABG Shipyard IPO is ₹185.00 per share and of Everest Kanto Cylinder IPO is ₹160.00 per share.

 ABG Shipyard IPOEverest Kanto Cylinder IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹155.00 per share₹140.00 per share
Issue Price (Upper)₹185.00 per share₹160.00 per share
Issue Price (Final)₹185.00 per share₹160.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size
Fresh Issue Size85,00,000 shares56,25,031 shares
Fresh Issue Size (Amount)up to ₹157.25 Crup to ₹90.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total85,00,000 shares56,25,031 shares
Issue Size Total (Amount)up to ₹157.25 Crup to ₹90.00 Cr

IPO Timetable

ABG Shipyard IPO opens on Nov 18, 2005, while Everest Kanto Cylinder IPO opens on Nov 22, 2005. The closing date of ABG Shipyard IPO and Everest Kanto Cylinder IPO is Nov 26, 2005, and Nov 25, 2005, respectively.

Financials & KPIs

ABG Shipyard IPO P/E ratio is 15.6, as compared to Everest Kanto Cylinder IPO P/E ratio of 13.45.

 ABG Shipyard IPOEverest Kanto Cylinder IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 200531 Mar 200531 Mar 2004
Assets425.20263.30177.30
Total Income216.00304.10207.20
Profit After Tax32.6050.307.20
NET Worth242.9098.8048.50
Reserves and Surplus255.00121.9093.40
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Sep 200531 Mar 200531 Mar 2004
Assets142.42122.6478.18
Total Income44.51139.5778.40
Profit After Tax5.2314.282.23
NET Worth33.9028.6922.11
Reserves and Surplus34.7829.7023.65
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)68.3100
Promoter Shareholding (Post-Issue)56.968.08
P/E Ratio15.613.45
Market Cap₹942.05 Cr.₹282.00 Cr.
ROE
ROCE
Debt/Equity
EPS₹11.86₹11.90
RoNW50.9135.09

Shares Offered

In the ABG Shipyard IPO Retail Individual Investors (RII) are offered 24,90,000 shares while in Everest Kanto Cylinder IPO retail investors are offered 24,90,000 shares. Qualified Institutional Buyers (QIB) are offered 49,80,000 shares in ABG Shipyard IPO and 26,71,875 shares in Everest Kanto Cylinder IPO.

 ABG Shipyard IPOEverest Kanto Cylinder IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation0 shares0 shares
QIB49,80,000 shares26,71,875 shares
NII8,30,000 shares8,01,563 shares
RII24,90,000 shares18,70,312 shares
Employee2,00,000 shares2,81,250 shares
Others
Total85,00,000 shares56,25,000 shares

Bids Received (Subscription)

ABG Shipyard IPO subscribed in total, whereas Everest Kanto Cylinder IPO subscribed .

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