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.

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 IPOEmmforce 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 Size1000 shares1200 shares
Fresh Issue Size61,40,000 shares52,23,600 shares
Fresh Issue Size (Amount)up to ₹90.26 Crup to ₹51.19 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,40,000 shares52,23,600 shares
Issue Size Total (Amount)up to ₹90.26 Crup 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 IPOEmmforce Autotech IPO
Anchor Bid DateMay 09, 2024Apr 22, 2024
Issue OpenMay 10, 2024Apr 23, 2024
Issue CloseMay 15, 2024Apr 25, 2024
Basis Of Allotment (Tentative)May 16, 2024Apr 26, 2024
Initiation of Refunds (Tentative)May 17, 2024Apr 29, 2024
Credit of Share (Tentative)May 17, 2024Apr 29, 2024
Listing date (Tentative)May 21, 2024Apr 30, 2024
Anchor Lockin End date 1Jun 15, 2024May 26, 2024
Anchor Lockin End date 2Aug 14, 2024Jul 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 IPOEmmforce Autotech IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets184.81175.53166.63
Total Income138.02113.8182.84
Profit After Tax23.559.538.09
NET Worth117.1793.5283.70
Reserves and Surplus99.1793.5183.69
Total Borrowing45.6848.6661.15
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets55.9748.9552.5733.84
Total Income47.9048.7571.3851.85
Profit After Tax5.124.397.335.09
NET Worth15.0023.4521.2915.25
Reserves and Surplus0.44
Total Borrowing24.0415.3516.515.02
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.50100.00
Promoter Shareholding (Post-Issue)63.4273.17
P/E Ratio11.2333.5
Market Cap₹360.88 Cr.₹200.90 Cr.
ROE
ROCE18.67%
Debt/Equity0.39
EPS₹13.09₹2.93
RoNW20.10%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 IPOEmmforce Autotech IPO
Anchor Investor Reservation18,41,000 shares15,66,000 shares
Market Maker Reservation4,10,000 shares2,76,000 shares
QIB12,28,000 shares10,45,200 shares
NII9,22,000 shares7,83,600 shares
RII21,49,000 shares18,28,800 shares
Employee
Others
Total61,40,000 shares52,23,600 shares

Bids Received (Subscription)

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

 ABS Marine IPOEmmforce Autotech IPO
QIB (times)109.30x160.58x
NII (times)270.94x861.98x
Big NII (times)
Small NII (times)
RII (times)110.24x267.62x
Employee (times)
Other (times)
Total (times)144.44x364.37x

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