Comparison between Aditya Ultra Steel IPO and Gajanand International IPO.
Aditya Ultra Steel IPO is a SME Fixed Price IPO proposed to list at NSE SME while Gajanand International IPO is a SME Fixed Price proposed to list at NSE SME.
| Aditya Ultra Steel IPO | Gajanand International IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Swastika Investmart Ltd. | Fast Track Finsec Pvt.Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Sunflower Broking Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Aditya Ultra Steel IPO is up to ₹43.59 Cr whereas the issue size of the Gajanand International IPO is up to ₹19.61 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of Gajanand International IPO is ₹36.00 per share.
| Aditya Ultra Steel IPO | Gajanand International IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹59.00 per share | |
| Issue Price (Upper) | ₹62.00 per share | |
| Issue Price (Final) | ₹62.00 per share | ₹36.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 3000 shares |
| Fresh Issue Size | 70,30,000 shares | 54,48,000 shares |
| Fresh Issue Size (Amount) | up to ₹43.59 Cr | up to ₹19.61 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 | 70,30,000 shares | 54,48,000 shares |
| Issue Size Total (Amount) | up to ₹43.59 Cr | up to ₹19.61 Cr |
Aditya Ultra Steel IPO opens on Sep 09, 2024, while Gajanand International IPO opens on Sep 09, 2024. The closing date of Aditya Ultra Steel IPO and Gajanand International IPO is Sep 11, 2024, and Sep 11, 2024, respectively.
| Aditya Ultra Steel IPO | Gajanand International IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 09, 2024 | Sep 09, 2024 |
| Issue Close | Sep 11, 2024 | Sep 11, 2024 |
| Basis Of Allotment (Tentative) | Sep 12, 2024 | Sep 12, 2024 |
| Initiation of Refunds (Tentative) | Sep 13, 2024 | Sep 13, 2024 |
| Credit of Share (Tentative) | Sep 13, 2024 | Sep 13, 2024 |
| Listing date (Tentative) | Sep 16, 2024 | Sep 16, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to Gajanand International IPO P/E ratio of 21.08.
| Aditya Ultra Steel IPO | Gajanand International IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Aditya Ultra Steel Limited Financial Information (Restated)Aditya Ultra Steel Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% between the financial year ending with March 31, 2024 and March 31, 2023.
| Gajanand International Limited Financial Information (Restated)Gajanand International Limited's revenue increased by 48% and profit after tax (PAT) rose by 59% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 97.94 | 90.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.76 | 62.34 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 13.64 | 21.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹153.98 Cr. | ₹67.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 23.92% | 19.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.75% | 29.72% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.44 | 0.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.54 | ₹1.71 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.08% | 19.30% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aditya Ultra Steel IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in Gajanand International IPO retail investors are offered 24,62,000 shares. Qualified Institutional Buyers (QIB) are offered 35,12,000 shares in Aditya Ultra Steel IPO and in Gajanand International IPO.
| Aditya Ultra Steel IPO | Gajanand International IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 3,70,000 shares | 2,88,000 shares |
| QIB | 35,12,000 shares | |
| NII | 10,56,000 shares | 27,24,000 shares |
| RII | 24,62,000 shares | 27,24,000 shares |
| Employee | ||
| Others | ||
| Total | 70,30,000 shares | 54,48,000 shares |
Aditya Ultra Steel IPO subscribed 10.58x in total, whereas Gajanand International IPO subscribed 15.27x.
| Aditya Ultra Steel IPO | Gajanand International IPO | |
|---|---|---|
| QIB (times) | 1.21x | |
| NII (times) | 12.16x | 5.79x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 23.26x | 24.18x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 10.58x | 15.27x |
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