Aether Industries IPO vs DCX Systems IPO

Comparison between Aether Industries IPO and DCX Systems IPO.

IPO Details

Aether Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while DCX Systems IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the DCX Systems IPO is up to ₹500.00 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of DCX Systems IPO is ₹207.00 per share.

 Aether Industries IPODCX Systems IPO
Face Value₹10 per share₹2 per share
Issue Price (Lower)₹610.00 per share₹197.00 per share
Issue Price (Upper)₹642.00 per share₹207.00 per share
Issue Price (Final)₹642.00 per share₹207.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size23 shares72 shares
Fresh Issue Size97,66,355 shares1,93,23,671 shares
Fresh Issue Size (Amount)up to ₹627.00 Crup to ₹400.00 Cr
OFS Issue Size28,20,000 shares48,30,916 shares
OFS Issue Size (Amount)up to ₹181.04 Crup to ₹100.00 Cr
Issue Size Total1,25,86,355 shares2,41,54,587 shares
Issue Size Total (Amount)up to ₹808.04 Crup to ₹500.00 Cr

IPO Timetable

Aether Industries IPO opens on May 24, 2022, while DCX Systems IPO opens on Oct 31, 2022. The closing date of Aether Industries IPO and DCX Systems IPO is May 26, 2022, and Nov 02, 2022, respectively.

 Aether Industries IPODCX Systems IPO
Anchor Bid DateMay 23, 2022Oct 28, 2022
Issue OpenMay 24, 2022Oct 31, 2022
Issue CloseMay 26, 2022Nov 02, 2022
Basis Of Allotment (Tentative)May 31, 2022Nov 07, 2022
Initiation of Refunds (Tentative)Jun 01, 2022Nov 09, 2022
Credit of Share (Tentative)Jun 02, 2022Nov 10, 2022
Listing date (Tentative)Jun 03, 2022Nov 11, 2022
Anchor Lockin End date 1Jun 30, 2022Dec 07, 2022
Anchor Lockin End date 2Aug 29, 2022Feb 05, 2023

Financials & KPIs

Aether Industries IPO P/E ratio is 72.3, as compared to DCX Systems IPO P/E ratio of 90.

 Aether Industries IPODCX Systems IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 202131 Mar 202131 Mar 202031 Mar 2019
Assets709.56452.94300.47206.68
Total Income449.32453.79303.78203.28
Profit After Tax82.9071.1239.9623.34
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202131 Mar 202131 Mar 2020
Assets763.41793.18698.85
Total Income128.69683.24465.23
Profit After Tax3.3529.569.74
NET Worth0.000.000.00
Reserves and Surplus0.000.000.00
Total Borrowing112.62136.38133.98
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)96.9698.20
Promoter Shareholding (Post-Issue)87.0973.58
P/E Ratio72.390
Market Cap₹7991.79 Cr.₹2002.18 Cr.
ROE40.7955.8
ROCE28.513.15
Debt/Equity1.194.27
EPS₹7.36₹9.19
RoNW40.7955.79

Shares Offered

In the Aether Industries IPO Retail Individual Investors (RII) are offered 43,66,245 shares while in DCX Systems IPO retail investors are offered 43,66,245 shares. Qualified Institutional Buyers (QIB) are offered 24,94,997 shares in Aether Industries IPO and 72,46,377 shares in DCX Systems IPO.

 Aether Industries IPODCX Systems IPO
Anchor Investor Reservation37,42,495 shares1,08,69,564 shares
Market Maker Reservation
QIB24,94,997 shares72,46,377 shares
NII18,71,248 shares36,23,188 shares
RII43,66,245 shares24,15,458 shares
Employee1,11,370 shares
Others
Total1,25,86,355 shares2,41,54,587 shares

Bids Received (Subscription)

Aether Industries IPO subscribed 6.26x in total, whereas DCX Systems IPO subscribed 69.79x.

 Aether Industries IPODCX Systems IPO
QIB (times)17.57x84.32x
NII (times)2.52x43.97x
Big NII (times)45.44x
Small NII (times)41.05x
RII (times)1.14x61.77x
Employee (times)1.06x
Other (times)
Total (times)6.26x69.79x

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