Action Construction Equipment IPO vs HOV Services IPO

Comparison between Action Construction Equipment IPO and HOV Services IPO.

IPO Details

Action Construction Equipment IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while HOV Services IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Action Construction Equipment IPO is up to ₹59.80 Cr whereas the issue size of the HOV Services IPO is up to ₹81.00 Cr. The final issue price of Action Construction Equipment IPO is ₹130.00 per share and of HOV Services IPO is ₹200.00 per share.

 Action Construction Equipment IPOHOV Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹110.00 per share₹200.00 per share
Issue Price (Upper)₹130.00 per share₹240.00 per share
Issue Price (Final)₹130.00 per share₹200.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size20 shares25 shares
Fresh Issue Size46,00,000 shares40,50,000 shares
Fresh Issue Size (Amount)up to ₹59.80 Crup to ₹81.00 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total46,00,000 shares40,50,000 shares
Issue Size Total (Amount)up to ₹59.80 Crup to ₹81.00 Cr

IPO Timetable

Action Construction Equipment IPO opens on Sep 01, 2006, while HOV Services IPO opens on Sep 04, 2006. The closing date of Action Construction Equipment IPO and HOV Services IPO is Sep 07, 2006, and Sep 07, 2006, respectively.

Financials & KPIs

Action Construction Equipment IPO P/E ratio is 1.41, as compared to HOV Services IPO P/E ratio of .

 Action Construction Equipment IPOHOV Services IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 200631 Mar 200631 Mar 2005
Assets83.8768.9821.17
Total Income56.51200.00106.23
Profit After Tax3.9512.934.38
NET Worth43.1039.149.22
Reserves and Surplus31.5027.548.99
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 200631 Mar 200531 Mar 2004
Assets12.483.320.58
Total Income4.654.861.96
Profit After Tax2.612.570.22
NET Worth11.123.000.43
Reserves and Surplus2.612.910.11
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)87.5681.7
Promoter Shareholding (Post-Issue)65.1655.3
P/E Ratio1.41
Market Cap₹233.70 Cr.₹251.08 Cr.
ROE
ROCE
Debt/Equity
EPS₹92.18
RoNW33.2523.49

Shares Offered

In the Action Construction Equipment IPO Retail Individual Investors (RII) are offered 15,75,000 shares while in HOV Services IPO retail investors are offered 15,75,000 shares. Qualified Institutional Buyers (QIB) are offered 22,50,000 shares in Action Construction Equipment IPO and 20,25,000 shares in HOV Services IPO.

 Action Construction Equipment IPOHOV Services IPO
Anchor Investor Reservation
Market Maker Reservation
QIB22,50,000 shares20,25,000 shares
NII6,75,000 shares6,07,500 shares
RII15,75,000 shares14,17,500 shares
Employee1,00,000 shares
Others
Total46,00,000 shares40,50,000 shares

Bids Received (Subscription)

Action Construction Equipment IPO subscribed in total, whereas HOV Services IPO subscribed .

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