ABS Marine IPO vs Emmforce Autotech IPO

Comparison between ABS Marine IPO and Emmforce Autotech IPO.

IPO Details

ABS Marine IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Emmforce Autotech IPO is a SME Bookbuilding proposed to list at BSE SME.

	ABS Marine IPO	Emmforce Autotech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Spread X Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Emmforce Autotech IPO is up to ₹51.19 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Emmforce Autotech IPO is ₹98.00 per share.

	ABS Marine IPO	Emmforce Autotech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹140.00 per share	₹93.00 per share
Issue Price (Upper)	₹147.00 per share	₹98.00 per share
Issue Price (Final)	₹147.00 per share	₹98.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	61,40,000 shares	52,23,600 shares
Fresh Issue Size (Amount)	up to ₹90.26 Cr	up to ₹51.19 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	61,40,000 shares	52,23,600 shares
Issue Size Total (Amount)	up to ₹90.26 Cr	up to ₹51.19 Cr

IPO Timetable

ABS Marine IPO opens on May 10, 2024, while Emmforce Autotech IPO opens on Apr 23, 2024. The closing date of ABS Marine IPO and Emmforce Autotech IPO is May 15, 2024, and Apr 25, 2024, respectively.

	ABS Marine IPO	Emmforce Autotech IPO
Anchor Bid Date	May 09, 2024	Apr 22, 2024
Issue Open	May 10, 2024	Apr 23, 2024
Issue Close	May 15, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	May 16, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	May 17, 2024	Apr 29, 2024
Credit of Share (Tentative)	May 17, 2024	Apr 29, 2024
Listing date (Tentative)	May 21, 2024	Apr 30, 2024
Anchor Lockin End date 1	Jun 15, 2024	May 26, 2024
Anchor Lockin End date 2	Aug 14, 2024	Jul 25, 2024

Financials & KPIs

ABS Marine IPO P/E ratio is 11.23, as compared to Emmforce Autotech IPO P/E ratio of 33.5.

ABS Marine IPO

Emmforce Autotech IPO

Financials

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,480.99	17,552.50	16,663.28
Total Income	13,801.89	11,380.78	8,283.98
Profit After Tax	2,355.41	952.74	809.43
Net Worth	11,717.39	9,352.42	8,370.01
Reserves and Surplus	9,917.39	9,351.42	8,369.01
Total Borrowing	4,567.96	4,866.29	6,114.77
Amount in ₹ Lakhs

Emmforce Autotech Limited Financial Information (Restated)

Emmforce Autotech Limited's revenue decreased by -31.7% and profit after tax (PAT) dropped by -40.1% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,597.13	4,895.40	5,257.36	3,384.41
Total Income	4,790.31	4,875.32	7,138.13	5,185.32
Profit After Tax	511.78	438.85	732.58	508.91
Net Worth	1,500.00	2,344.95	2,129.09	1,524.82
Reserves and Surplus	43.72
Total Borrowing	2,404.25	1,535.43	1,651.09	501.70
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50

100.00

Promoter Shareholding (Post-Issue)

63.42

73.17

P/E Ratio

11.23

33.5

Market Cap

₹360.88 Cr.

₹200.90 Cr.

ROE

ROCE

18.67%

Debt/Equity

0.39

EPS

₹13.09

₹2.93

RoNW

20.10%

2.83

Shares Offered

In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Emmforce Autotech IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and 10,45,200 shares in Emmforce Autotech IPO.

	ABS Marine IPO	Emmforce Autotech IPO
Anchor Investor Reserveration	18,41,000 shares	15,66,000 shares
Market Maker Reserveration	4,10,000 shares	2,76,000 shares
QIB	12,28,000 shares	10,45,200 shares
NII	9,22,000 shares	7,83,600 shares
RII	21,49,000 shares	18,28,800 shares
Employee
Others
Total	61,40,000 shares	52,23,600 shares

Bids Received (Subscription)

ABS Marine IPO subscribed 144.44x in total, whereas Emmforce Autotech IPO subscribed 364.37x.

	ABS Marine IPO	Emmforce Autotech IPO
QIB (times)	109.30x	160.58x
NII (times)	270.94x	861.98x
Big NII (times)
Small NII (times)
RII (times)	110.24x	267.62x
Employee (times)
Other (times)
Total (times)	144.44x	364.37x

Compare with others

ABS Marine IPO	Emmforce Autotech IPO
Slone Infosystems IPO	Mandeep Auto Industries IPO
Sai Swami Metals IPO	ABS Marine IPO
Amkay Products IPO	Shivam Chemicals IPO
Storage Technologies IPO	Varyaa Creations IPO
Mandeep Auto Industries IPO	Faalcon Concepts IPO
Shivam Chemicals IPO	Grill Splendour IPO
Varyaa Creations IPO	Greenhitech Ventures IPO
Faalcon Concepts IPO	Finelistings Technologies IPO
Emmforce Autotech IPO	Ramdevbaba Solvent IPO
Grill Splendour IPO	Teerth Gopicon IPO