Aeron Composite IPO vs Indian Phosphate IPO

Comparison between Aeron Composite IPO and Indian Phosphate IPO.

IPO Details

Aeron Composite IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Indian Phosphate IPO is a SME Bookbuilding proposed to list at NSE SME.

	Aeron Composite IPO	Indian Phosphate IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Beeline Capital Advisors Pvt.Ltd.
Registrar	Maashitla Securities Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Spread X Securities Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aeron Composite IPO is up to ₹53.25 Cr whereas the issue size of the Indian Phosphate IPO is up to ₹63.66 Cr. The final issue price of Aeron Composite IPO is ₹125.00 per share and of Indian Phosphate IPO is ₹99.00 per share.

	Aeron Composite IPO	Indian Phosphate IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share	₹94.00 per share
Issue Price (Upper)	₹125.00 per share	₹99.00 per share
Issue Price (Final)	₹125.00 per share	₹99.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	42,60,000 shares	64,30,800 shares
Fresh Issue Size (Amount)	up to ₹53.25 Cr	up to ₹63.66 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	42,60,000 shares	64,30,800 shares
Issue Size Total (Amount)	up to ₹53.25 Cr	up to ₹63.66 Cr

IPO Timetable

Aeron Composite IPO opens on Aug 28, 2024, while Indian Phosphate IPO opens on Aug 26, 2024. The closing date of Aeron Composite IPO and Indian Phosphate IPO is Aug 30, 2024, and Aug 29, 2024, respectively.

	Aeron Composite IPO	Indian Phosphate IPO
Anchor Bid Date	Aug 27, 2024	Aug 23, 2024
Issue Open	Aug 28, 2024	Aug 26, 2024
Issue Close	Aug 30, 2024	Aug 29, 2024
Basis Of Allotment (Tentative)	Sep 02, 2024	Aug 30, 2024
Initiation of Refunds (Tentative)	Sep 03, 2024	Sep 02, 2024
Credit of Share (Tentative)	Sep 03, 2024	Sep 02, 2024
Listing date (Tentative)	Sep 04, 2024	Sep 03, 2024
Anchor Lockin End date 1	Oct 02, 2024	Sep 29, 2024
Anchor Lockin End date 2	Dec 01, 2024	Nov 28, 2024

Financials & KPIs

Aeron Composite IPO P/E ratio is 23.69, as compared to Indian Phosphate IPO P/E ratio of 14.88.

Aeron Composite IPO

Indian Phosphate IPO

Financials

Aeron Composite Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,979.42	6,910.21	6,063.23	4,360.19
Total Income	18,080.35	18,199.26	10,992.5	7,906.12
Profit After Tax	942.23	661.15	362.12	255.3
Net Worth	3,478.19	2,535.96	1,557.35	1,208.23
Reserves and Surplus	3,321.54	2,379.31	1,427.35	1,078.23
Total Borrowing	1,208.23	1,399.62	1,255.54	1,042.7
Amount in ₹ Lakhs

Indian Phosphate Limited Financial Information (Restated Consolidated)

Indian Phosphate Limited's revenue decreased by -7% and profit after tax (PAT) dropped by -27% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	25,518.6	17,407.45	10,789.93	6,313.71
Total Income	71,757.81	77,093.2	55,838.56	41,501.81
Profit After Tax	1,210.21	1,659.53	1,616.61	509.44
Net Worth	8,099.06	6,751.8	5,092.27	3,475.66
Reserves and Surplus	6,280.56	6,480.37	4,820.84	3,204.23
Total Borrowing	4,023.17	1,535.48	1,830.58	434.04
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

73.63

72.77

P/E Ratio

23.69

14.88

Market Cap

₹212.75 Cr.

₹247.40 Cr.

ROE

31.33

18.14%

ROCE

29.67

20.93%

Debt/Equity

0.35

0.50

EPS

₹5.28

₹6.65

RoNW

27.09

16.63%

Shares Offered

In the Aeron Composite IPO Retail Individual Investors (RII) are offered 14,18,000 shares while in Indian Phosphate IPO retail investors are offered 14,18,000 shares. Qualified Institutional Buyers (QIB) are offered 8,10,000 shares in Aeron Composite IPO and 12,86,400 shares in Indian Phosphate IPO.

	Aeron Composite IPO	Indian Phosphate IPO
Anchor Investor Reserveration	12,14,000 shares	19,28,400 shares
Market Maker Reserveration	2,28,000 shares	3,73,200 shares
QIB	8,10,000 shares	12,86,400 shares
NII	6,08,000 shares	9,64,800 shares
RII	14,18,000 shares	22,51,200 shares
Employee	2,10,000 shares
Others
Total	42,60,000 shares	64,30,800 shares

Bids Received (Subscription)

Aeron Composite IPO subscribed 41.07x in total, whereas Indian Phosphate IPO subscribed 267.89x.

	Aeron Composite IPO	Indian Phosphate IPO
QIB (times)	27.82x	181.58x
NII (times)	75.53x	441.01x
Big NII (times)
Small NII (times)
RII (times)	33.77x	243.02x
Employee (times)
Other (times)
Total (times)	41.07x	267.89x

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