Comparison between Adishakti Loha IPO and Promax Power IPO.
IPO Details
Adishakti Loha IPO is a SME Fixed Price IPO proposed to list at BSE SME while Promax Power IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Adishakti Loha IPO is up to ₹1.89 Cr whereas the issue size of the Promax Power IPO is up to ₹1.52 Cr. The final issue price of Adishakti Loha IPO is ₹11.00 per share and of Promax Power IPO is ₹10.00 per share.
IPO Timetable
Adishakti Loha IPO opens on Sep 30, 2021, while Promax Power IPO opens on Sep 30, 2021. The closing date of Adishakti Loha IPO and Promax Power IPO is Oct 05, 2021, and Oct 04, 2021, respectively.
| | Adishakti Loha IPO | Promax Power IPO |
|---|
| Issue Open | Sep 30, 2021 | Sep 30, 2021 |
| Issue Close | Oct 05, 2021 | Oct 04, 2021 |
| Basis Of Allotment (Tentative) | Oct 08, 2021 | Oct 07, 2021 |
| Initiation of Refunds (Tentative) | | Oct 08, 2021 |
| Credit of Share (Tentative) | | Oct 11, 2021 |
| Listing date (Tentative) | Oct 13, 2021 | Oct 12, 2021 |
Financials & KPIs
Adishakti Loha IPO P/E ratio is , as compared to Promax Power IPO P/E ratio of .
Shares Offered
In the Adishakti Loha IPO Retail Individual Investors (RII) are offered 8,60,000 shares while in Promax Power IPO retail investors are offered 8,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Adishakti Loha IPO and in Promax Power IPO.
| | Adishakti Loha IPO | Promax Power IPO |
|---|
| Market Maker Reservation | 1,00,000 shares | 80,000 shares |
| NII | 8,60,000 shares | 7,60,000 shares |
| RII | 8,60,000 shares | 7,60,000 shares |
| Total | 17,20,000 shares | 15,20,000 shares |
Bids Received (Subscription)
Adishakti Loha IPO subscribed 1.84x in total, whereas Promax Power IPO subscribed 6.89x.
