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AccelerateBS IPO vs Ahasolar Technologies IPO

Comparison between AccelerateBS IPO and Ahasolar Technologies IPO.

IPO Details

AccelerateBS IPO is a SME Fixed Price IPO proposed to list at BSE SME while Ahasolar Technologies IPO is a SME Fixed Price proposed to list at BSE SME.

 AccelerateBS IPOAhasolar Technologies IPO
LogoAccelerateBS IPO LogoAhasolar Technologies IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Beeline Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerShreni Shares Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AccelerateBS IPO is up to ₹5.39 Cr whereas the issue size of the Ahasolar Technologies IPO is up to ₹12.18 Cr. The final issue price of AccelerateBS IPO is ₹90.00 per share and of Ahasolar Technologies IPO is ₹157.00 per share.

 AccelerateBS IPOAhasolar Technologies IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹90.00 per share₹157.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares800 shares
Fresh Issue Size1,55,200 shares7,76,000 shares
Fresh Issue Size (Amount)up to ₹1.40 Crup to ₹12.18 Cr
OFS Issue Size4,43,200 shares0 shares
OFS Issue Size (Amount)up to ₹3.99 Crup to ₹0.00 Cr
Issue Size Total5,98,400 shares7,76,000 shares
Issue Size Total (Amount)up to ₹5.39 Crup to ₹12.18 Cr

IPO Timetable

AccelerateBS IPO opens on Jul 06, 2023, while Ahasolar Technologies IPO opens on Jul 10, 2023. The closing date of AccelerateBS IPO and Ahasolar Technologies IPO is Jul 11, 2023, and Jul 13, 2023, respectively.

 AccelerateBS IPOAhasolar Technologies IPO
Anchor Bid Date
Issue OpenJul 06, 2023Jul 10, 2023
Issue CloseJul 11, 2023Jul 13, 2023
Basis Of Allotment (Tentative)Jul 14, 2023Jul 18, 2023
Initiation of Refunds (Tentative)Jul 17, 2023Jul 19, 2023
Credit of Share (Tentative)Jul 18, 2023Jul 20, 2023
Listing date (Tentative)Jul 19, 2023Jul 21, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AccelerateBS IPO P/E ratio is 27.27, as compared to Ahasolar Technologies IPO P/E ratio of 27.45.

 AccelerateBS IPOAhasolar Technologies IPO
Financials
AccelerateBS India Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-20125.10493.3568.3553.05
31-Mar-21180.95451.9242.53102.4624.00
31-Mar-22200.65355.6925.91111.0345.34
31-Jan-23283.25164.9226.22205.4233.82
Amount in ₹ Lakhs
Ahasolar Technologies Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20138.63128.702.072.161.1623.04
31-Mar-2185.47187.737.9110.089.0824.24
31-Mar-22237.371,714.6468.6378.7177.7158.18
31-Mar-23525.562,105.16176.38405.07178.690.00
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0050.31
Promoter Shareholding (Post-Issue)70.5936.95
P/E Ratio27.2727.45
Market Cap₹19.34 Cr.₹48.39 Cr.
ROE15.80%72.92%
ROCE19.44%63.53%
Debt/Equity0.16
EPS₹1.38₹7.94
RoNW12.77%43.54%

Shares Offered

In the AccelerateBS IPO Retail Individual Investors (RII) are offered 2,99,200 shares while in Ahasolar Technologies IPO retail investors are offered 2,99,200 shares. Qualified Institutional Buyers (QIB) are offered in AccelerateBS IPO and in Ahasolar Technologies IPO.

 AccelerateBS IPOAhasolar Technologies IPO
Anchor Investor Reserveration
Market Maker Reserveration33,600 shares42,400 shares
QIB
NII2,99,200 shares3,88,000 shares
RII2,99,200 shares3,88,000 shares
Employee
Others
Total5,98,400 shares7,76,000 shares

Bids Received (Subscription)

AccelerateBS IPO subscribed 49.19x in total, whereas Ahasolar Technologies IPO subscribed 34.79x.

 AccelerateBS IPOAhasolar Technologies IPO
QIB (times)
NII (times)39.25x23.37x
Big NII (times)
Small NII (times)
RII (times)59.11x46.18x
Employee (times)
Other (times)
Total (times)49.19x34.79x