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Aditya Ultra Steel IPO vs Namo eWaste Management IPO

Comparison between Aditya Ultra Steel IPO and Namo eWaste Management IPO.

IPO Details

Aditya Ultra Steel IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Namo eWaste Management IPO is a SME Bookbuilding proposed to list at NSE SME.

 Aditya Ultra Steel IPONamo eWaste Management IPO
LogoAditya Ultra Steel IPO LogoNamo eWaste Management IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Hem Securities Ltd.
RegistrarCameo Corporate Services Ltd.Maashitla Securities Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aditya Ultra Steel IPO is up to ₹43.59 Cr whereas the issue size of the Namo eWaste Management IPO is up to ₹48.63 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of Namo eWaste Management IPO is ₹85.00 per share.

 Aditya Ultra Steel IPONamo eWaste Management IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹59.00 per share₹80.00 per share
Issue Price (Upper)₹62.00 per share₹85.00 per share
Issue Price (Final)₹62.00 per share₹85.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size70,30,000 shares57,21,600 shares
Fresh Issue Size (Amount)up to ₹43.59 Crup to ₹48.63 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total70,30,000 shares57,21,600 shares
Issue Size Total (Amount)up to ₹43.59 Crup to ₹48.63 Cr

IPO Timetable

Aditya Ultra Steel IPO opens on Sep 09, 2024, while Namo eWaste Management IPO opens on Sep 04, 2024. The closing date of Aditya Ultra Steel IPO and Namo eWaste Management IPO is Sep 11, 2024, and Sep 06, 2024, respectively.

 Aditya Ultra Steel IPONamo eWaste Management IPO
Anchor Bid DateSep 03, 2024
Issue OpenSep 09, 2024Sep 04, 2024
Issue CloseSep 11, 2024Sep 06, 2024
Basis Of Allotment (Tentative)Sep 12, 2024Sep 09, 2024
Initiation of Refunds (Tentative)Sep 13, 2024Sep 10, 2024
Credit of Share (Tentative)Sep 13, 2024Sep 10, 2024
Listing date (Tentative)Sep 16, 2024Sep 11, 2024
Anchor Lockin End date 1Oct 09, 2024
Anchor Lockin End date 2Dec 08, 2024

Financials & KPIs

Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to Namo eWaste Management IPO P/E ratio of 20.96.

 Aditya Ultra Steel IPONamo eWaste Management 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.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets14,752.339,734.659,156.62
Total Income58,856.2953,048.9151,598.34
Profit After Tax792.34277.66488.9
Net Worth3,758.212,865.862,588.2
Reserves and Surplus3,128.62,739.812,462.15
Total Borrowing5,427.074,984.144,695.12
Amount in ₹ Lakhs

Namo eWaste Management Limited Financial Information (Restated Standalone)

Namo eWaste Management Limited's revenue increased by 73% and profit after tax (PAT) rose by 183% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets6,274.743,912.264,174.34
Total Income10,107.625,856.074,509
Profit After Tax682.9241.56180.89
Net Worth3,526.172,814.762,577.21
Reserves and Surplus1,841.822,109.241,871.69
Total Borrowing1,453.24344.73598.1
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)97.9493.67
Promoter Shareholding (Post-Issue)68.7668.99
P/E Ratio13.6420.96
Market Cap₹153.98 Cr.₹194.37 Cr.
ROE23.92%21.54%
ROCE18.75%20.71%
Debt/Equity1.440.41
EPS₹4.54₹4.05
RoNW21.08%19.37%

Shares Offered

In the Aditya Ultra Steel IPO Retail Individual Investors (RII) are offered 24,62,000 shares while in Namo eWaste Management 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 11,44,000 shares in Namo eWaste Management IPO.

 Aditya Ultra Steel IPONamo eWaste Management IPO
Anchor Investor Reserveration17,15,200 shares
Market Maker Reserveration3,70,000 shares3,02,400 shares
QIB35,12,000 shares11,44,000 shares
NII10,56,000 shares8,59,200 shares
RII24,62,000 shares20,03,200 shares
Employee
Others
Total70,30,000 shares57,21,600 shares

Bids Received (Subscription)

Aditya Ultra Steel IPO subscribed 10.58x in total, whereas Namo eWaste Management IPO subscribed 225.64x.

 Aditya Ultra Steel IPONamo eWaste Management IPO
QIB (times)1.21x151.75x
NII (times)12.16x394.20x
Big NII (times)
Small NII (times)
RII (times)23.26x195.54x
Employee (times)
Other (times)
Total (times)10.58x225.64x