Aeroflex Industries IPO vs Rishabh Instruments IPO

Comparison between Aeroflex Industries IPO and Rishabh Instruments IPO.

IPO Details

Aeroflex Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Rishabh Instruments 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 Rishabh Instruments IPO is up to ₹490.78 Cr. The final issue price of Aeroflex Industries IPO is ₹108.00 per share and of Rishabh Instruments IPO is ₹441.00 per share.

 Aeroflex Industries IPORishabh Instruments IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹102.00 per share₹418.00 per share
Issue Price (Upper)₹108.00 per share₹441.00 per share
Issue Price (Final)₹108.00 per share₹441.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size130 shares34 shares
Fresh Issue Size1,50,00,000 shares17,00,680 shares
Fresh Issue Size (Amount)up to ₹162.00 Crup to ₹75.00 Cr
OFS Issue Size1,75,00,000 shares94,28,178 shares
OFS Issue Size (Amount)up to ₹189.00 Crup to ₹415.78 Cr
Issue Size Total3,25,00,000 shares1,11,28,858 shares
Issue Size Total (Amount)up to ₹351.00 Crup to ₹490.78 Cr

IPO Timetable

Aeroflex Industries IPO opens on Aug 22, 2023, while Rishabh Instruments IPO opens on Aug 30, 2023. The closing date of Aeroflex Industries IPO and Rishabh Instruments IPO is Aug 24, 2023, and Sep 01, 2023, respectively.

 Aeroflex Industries IPORishabh Instruments IPO
Anchor Bid DateAug 21, 2023Aug 29, 2023
Issue OpenAug 22, 2023Aug 30, 2023
Issue CloseAug 24, 2023Sep 01, 2023
Basis Of Allotment (Tentative)Aug 29, 2023Sep 06, 2023
Initiation of Refunds (Tentative)Aug 30, 2023Sep 07, 2023
Credit of Share (Tentative)Aug 31, 2023Sep 08, 2023
Listing date (Tentative)Aug 31, 2023Sep 11, 2023
Anchor Lockin End date 1Sep 28, 2023Oct 06, 2023
Anchor Lockin End date 2Nov 27, 2023Dec 05, 2023

Financials & KPIs

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

 Aeroflex Industries IPORishabh Instruments 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 2021
Assets648.93563.89511.97
Total Income579.78479.92402.49
Profit After Tax49.6949.6535.94
NET Worth408.75346.10302.13
Total Borrowing102.8596.5791.95
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)91.0980.67
Promoter Shareholding (Post-Issue)66.9970.68
P/E Ratio40.91
Market Cap₹1674.10 Cr.
ROE26.43%12.39%
ROCE31.96%13.77%
Debt/Equity0.390.26
EPS₹2.64₹12.84
RoNW26.43%11.67%

Shares Offered

In the Aeroflex Industries IPO Retail Individual Investors (RII) are offered 1,12,00,000 shares while in Rishabh Instruments 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 22,25,772 shares in Rishabh Instruments IPO.

 Aeroflex Industries IPORishabh Instruments IPO
Anchor Investor Reservation95,99,980 shares33,38,656 shares
Market Maker Reservation0 shares
QIB64,00,020 shares22,25,772 shares
NII48,00,000 shares16,69,329 shares
RII1,12,00,000 shares38,95,101 shares
Employee0 shares
Others
Total3,25,00,000 shares1,11,28,858 shares

Bids Received (Subscription)

Aeroflex Industries IPO subscribed 97.11x in total, whereas Rishabh Instruments IPO subscribed 31.65x.

 Aeroflex Industries IPORishabh Instruments IPO
QIB (times)194.73x72.54x
NII (times)126.13x31.29x
Big NII (times)125.80x34.01x
Small NII (times)126.80x25.86x
RII (times)34.41x8.44x
Employee (times)
Other (times)28.52x
Total (times)97.11x31.65x

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