Abha Power IPO vs Rajputana Biodiesel IPO

Comparison between Abha Power IPO and Rajputana Biodiesel IPO.

IPO Details

Abha Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajputana Biodiesel IPO is a SME Bookbuilding proposed to list at NSE SME.

	Abha Power IPO	Rajputana Biodiesel IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Horizon Management Pvt.Ltd.	GYR Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Maashitla Securities Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Giriraj Stock Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Abha Power IPO is up to ₹36.58 Cr whereas the issue size of the Rajputana Biodiesel IPO is up to ₹22.87 Cr. The final issue price of Abha Power IPO is ₹75.00 per share and of Rajputana Biodiesel IPO is ₹130.00 per share.

	Abha Power IPO	Rajputana Biodiesel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹123.00 per share
Issue Price (Upper)		₹130.00 per share
Issue Price (Final)	₹75.00 per share	₹130.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	1000 shares
Fresh Issue Size	38,76,800 shares	17,59,000 shares
Fresh Issue Size (Amount)	up to ₹29.08 Cr	up to ₹22.87 Cr
OFS Issue Size	10,00,000 shares	0 shares
OFS Issue Size (Amount)	up to ₹7.50 Cr	up to ₹0.00 Cr
Issue Size Total	48,76,800 shares	17,59,000 shares
Issue Size Total (Amount)	up to ₹36.58 Cr	up to ₹22.87 Cr

IPO Timetable

Abha Power IPO opens on Nov 27, 2024, while Rajputana Biodiesel IPO opens on Nov 26, 2024. The closing date of Abha Power IPO and Rajputana Biodiesel IPO is Nov 29, 2024, and Nov 28, 2024, respectively.

	Abha Power IPO	Rajputana Biodiesel IPO
Anchor Bid Date		Nov 25, 2024
Issue Open	Nov 27, 2024	Nov 26, 2024
Issue Close	Nov 29, 2024	Nov 28, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Nov 29, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Nov 29, 2024
Credit of Share (Tentative)	Dec 03, 2024	Dec 02, 2024
Listing date (Tentative)	Dec 04, 2024	Dec 03, 2024
Anchor Lockin End date 1		Jan 01, 2025
Anchor Lockin End date 2		Mar 02, 2025

Financials & KPIs

Abha Power IPO P/E ratio is 28.65, as compared to Rajputana Biodiesel IPO P/E ratio of 14.75.

Abha Power IPO

Rajputana Biodiesel IPO

Financials

Abha Power and Steel Limited Financial Information (Restated)

Abha Power and Steel Limited's revenue decreased by -6% and profit after tax (PAT) rose by 170% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	15 Oct 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,135.61	4,735.9	4,476.89	3,536.87
Total Income	3,754.92	5,182.68	5,511.82	5,498.4
Profit After Tax	361.97	378.19	140.14	-71.53
Net Worth	2,115.63	1,753.66	1,375.47	1,120.07
Reserves and Surplus	670.76	308.8	893.85	678.47
Total Borrowing	2,177.34	2,373.22	2,393.34	1,765.62
Amount in ₹ Lakhs

Rajputana Biodiesel Limited Financial Information (Restated Consolidated)

Rajputana Biodiesel Limited's revenue increased by 128% and profit after tax (PAT) rose by 168% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Jul 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	4,626	3,995.16	1,515.69	1,071.47
Total Income	2,779.18	5,367.51	2,354.06	1,746.07
Profit After Tax	259.59	452.43	168.83	19.97
Net Worth	1,573.81	1,314.22	454.99	-128.92
Reserves and Surplus	1,050.46	800.87	-7.01	-131.42
Total Borrowing	1,989.23	1,914.19	887.12	1,093.61
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

90.00

Promoter Shareholding (Post-Issue)

72.35

65.68

P/E Ratio

28.65

14.75

Market Cap

₹139.41 Cr.

₹91.44 Cr.

ROE

24.17%

ROCE

23.64%

11.00%

Debt/Equity

1.35

1.26

EPS

₹2.62

₹8.81

RoNW

24.17%

16.49%

Shares Offered

In the Abha Power IPO Retail Individual Investors (RII) are offered 24,38,400 shares while in Rajputana Biodiesel IPO retail investors are offered 24,38,400 shares. Qualified Institutional Buyers (QIB) are offered in Abha Power IPO and 3,45,000 shares in Rajputana Biodiesel IPO.

	Abha Power IPO	Rajputana Biodiesel IPO
Anchor Investor Reserveration		5,15,000 shares
Market Maker Reserveration	2,62,400 shares	1,41,000 shares
QIB		3,45,000 shares
NII	24,38,400 shares	2,70,000 shares
RII	24,38,400 shares	6,29,000 shares
Employee
Others
Total	48,76,800 shares	17,59,000 shares

Bids Received (Subscription)

Abha Power IPO subscribed 18.00x in total, whereas Rajputana Biodiesel IPO subscribed 718.81x.

	Abha Power IPO	Rajputana Biodiesel IPO
QIB (times)		177.38x
NII (times)	10.07x	1,345.96x
Big NII (times)
Small NII (times)
RII (times)	24.93x	746.57x
Employee (times)
Other (times)
Total (times)	18.00x	718.81x

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