Comparison between ABS Marine IPO and Sai Swami Metals IPO.
ABS Marine IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sai Swami Metals IPO is a SME Fixed Price proposed to list at BSE SME.
| ABS Marine IPO | Sai Swami Metals IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Swastika Investmart Ltd. |
| Registrar | Purva Sharegistry (India) Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Sunflower Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Sai Swami Metals IPO is up to ₹14.23 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Sai Swami Metals IPO is ₹60.00 per share.
| ABS Marine IPO | Sai Swami Metals IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹140.00 per share | |
| Issue Price (Upper) | ₹147.00 per share | |
| Issue Price (Final) | ₹147.00 per share | ₹60.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 2000 shares |
| Fresh Issue Size | 61,40,000 shares | 23,72,000 shares |
| Fresh Issue Size (Amount) | up to ₹90.26 Cr | up to ₹14.23 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 | 23,72,000 shares |
| Issue Size Total (Amount) | up to ₹90.26 Cr | up to ₹14.23 Cr |
ABS Marine IPO opens on May 10, 2024, while Sai Swami Metals IPO opens on Apr 30, 2024. The closing date of ABS Marine IPO and Sai Swami Metals IPO is May 15, 2024, and May 03, 2024, respectively.
| ABS Marine IPO | Sai Swami Metals IPO | |
|---|---|---|
| Anchor Bid Date | May 09, 2024 | |
| Issue Open | May 10, 2024 | Apr 30, 2024 |
| Issue Close | May 15, 2024 | May 03, 2024 |
| Basis Of Allotment (Tentative) | May 16, 2024 | May 06, 2024 |
| Initiation of Refunds (Tentative) | May 17, 2024 | May 07, 2024 |
| Credit of Share (Tentative) | May 17, 2024 | May 07, 2024 |
| Listing date (Tentative) | May 21, 2024 | May 08, 2024 |
| Anchor Lockin End date 1 | Jun 15, 2024 | |
| Anchor Lockin End date 2 | Aug 14, 2024 |
ABS Marine IPO P/E ratio is 11.23, as compared to Sai Swami Metals IPO P/E ratio of 11.34.
| ABS Marine IPO | Sai Swami Metals 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.
| Sai Swami Metals & Alloys Limited Financial Information (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 86.50 | 99.88 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 63.42 | 62.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 11.23 | 11.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹360.88 Cr. | ₹39.71 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.67% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹13.09 | ₹5.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 20.10% | 27.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Sai Swami Metals IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and in Sai Swami Metals IPO.
| ABS Marine IPO | Sai Swami Metals IPO | |
|---|---|---|
| Anchor Investor Reserveration | 18,41,000 shares | |
| Market Maker Reserveration | 4,10,000 shares | 1,28,000 shares |
| QIB | 12,28,000 shares | |
| NII | 9,22,000 shares | 11,86,000 shares |
| RII | 21,49,000 shares | 11,86,000 shares |
| Employee | ||
| Others | ||
| Total | 61,40,000 shares | 23,72,000 shares |
ABS Marine IPO subscribed 144.44x in total, whereas Sai Swami Metals IPO subscribed 543.72x.
| ABS Marine IPO | Sai Swami Metals IPO | |
|---|---|---|
| QIB (times) | 109.30x | |
| NII (times) | 270.94x | 533.83x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 110.24x | 529.01x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 144.44x | 543.72x |
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