Aeroflex Industries IPO vs EMS IPO

Comparison between Aeroflex Industries IPO and EMS IPO.

IPO Details

Aeroflex Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while EMS IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Aeroflex Industries IPO is up to ₹351.00 Cr whereas the issue size of the EMS IPO is up to ₹321.25 Cr. The final issue price of Aeroflex Industries IPO is ₹108.00 per share and of EMS IPO is ₹211.00 per share.

 Aeroflex Industries IPOEMS IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹102.00 per share₹200.00 per share
Issue Price (Upper)₹108.00 per share₹211.00 per share
Issue Price (Final)₹108.00 per share₹211.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size130 shares70 shares
Fresh Issue Size1,50,00,000 shares69,30,807 shares
Fresh Issue Size (Amount)up to ₹162.00 Crup to ₹146.24 Cr
OFS Issue Size1,75,00,000 shares82,94,118 shares
OFS Issue Size (Amount)up to ₹189.00 Crup to ₹175.01 Cr
Issue Size Total3,25,00,000 shares1,52,24,925 shares
Issue Size Total (Amount)up to ₹351.00 Crup to ₹321.25 Cr

IPO Timetable

Aeroflex Industries IPO opens on Aug 22, 2023, while EMS IPO opens on Sep 08, 2023. The closing date of Aeroflex Industries IPO and EMS IPO is Aug 24, 2023, and Sep 12, 2023, respectively.

 Aeroflex Industries IPOEMS IPO
Anchor Bid DateAug 21, 2023Sep 07, 2023
Issue OpenAug 22, 2023Sep 08, 2023
Issue CloseAug 24, 2023Sep 12, 2023
Basis Of Allotment (Tentative)Aug 29, 2023Sep 15, 2023
Initiation of Refunds (Tentative)Aug 30, 2023Sep 18, 2023
Credit of Share (Tentative)Aug 31, 2023Sep 20, 2023
Listing date (Tentative)Aug 31, 2023Sep 21, 2023
Anchor Lockin End date 1Sep 28, 2023Oct 15, 2023
Anchor Lockin End date 2Nov 27, 2023Dec 14, 2023

Financials & KPIs

Aeroflex Industries IPO P/E ratio is 40.91, as compared to EMS IPO P/E ratio of .

 Aeroflex Industries IPOEMS IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets213.98183.44161.64157.19
Total Income269.48240.99144.84144.94
Profit After Tax30.1527.516.014.69
NET Worth114.0986.2258.7252.70
Total Borrowing45.0139.1353.0763.46
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets638.72502.55378.31308.08
Total Income543.28363.10336.18332.36
Profit After Tax108.6778.9371.9172.43
NET Worth487.83380.18301.91229.99
Reserves and Surplus443.45368.43290.16218.24
Total Borrowing45.403.713.1614.80
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.0996.71
Promoter Shareholding (Post-Issue)66.99
P/E Ratio40.91
Market Cap₹1171.70 Cr.
ROE26.43%22.27%
ROCE31.96%28.26%
Debt/Equity0.390.09
EPS₹2.64₹23.15
RoNW26.43%22.31%

Shares Offered

In the Aeroflex Industries IPO Retail Individual Investors (RII) are offered 1,12,00,000 shares while in EMS IPO retail investors are offered 1,12,00,000 shares. Qualified Institutional Buyers (QIB) are offered 64,00,020 shares in Aeroflex Industries IPO and 30,44,986 shares in EMS IPO.

 Aeroflex Industries IPOEMS IPO
Anchor Investor Reservation95,99,980 shares45,67,476 shares
Market Maker Reservation0 shares
QIB64,00,020 shares30,44,986 shares
NII48,00,000 shares22,83,739 shares
RII1,12,00,000 shares53,28,724 shares
Employee0 shares
Others
Total3,25,00,000 shares1,52,24,925 shares

Bids Received (Subscription)

Aeroflex Industries IPO subscribed 97.11x in total, whereas EMS IPO subscribed 76.21x.

 Aeroflex Industries IPOEMS IPO
QIB (times)194.73x149.98x
NII (times)126.13x84.39x
Big NII (times)125.80x83.15x
Small NII (times)126.80x86.87x
RII (times)34.41x30.55x
Employee (times)
Other (times)28.52x
Total (times)97.11x76.21x

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