Afcom Holdings IPO vs Ashapura Logistics IPO

Comparison between Afcom Holdings IPO and Ashapura Logistics IPO.

IPO Details

Afcom Holdings IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Ashapura Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Afcom Holdings IPO is up to ₹70.01 Cr whereas the issue size of the Ashapura Logistics IPO is up to ₹50.03 Cr. The final issue price of Afcom Holdings IPO is ₹108.00 per share and of Ashapura Logistics IPO is ₹144.00 per share.

 Afcom Holdings IPOAshapura Logistics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹102.00 per share₹136.00 per share
Issue Price (Upper)₹108.00 per share₹144.00 per share
Issue Price (Final)₹108.00 per share₹144.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1000 shares
Fresh Issue Size64,82,400 shares34,74,000 shares
Fresh Issue Size (Amount)up to ₹70.01 Crup to ₹50.03 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total64,82,400 shares34,74,000 shares
Issue Size Total (Amount)up to ₹70.01 Crup to ₹50.03 Cr

IPO Timetable

Afcom Holdings IPO opens on Aug 02, 2024, while Ashapura Logistics IPO opens on Jul 30, 2024. The closing date of Afcom Holdings IPO and Ashapura Logistics IPO is Aug 06, 2024, and Aug 01, 2024, respectively.

 Afcom Holdings IPOAshapura Logistics IPO
Anchor Bid DateJul 01, 2024Jul 29, 2024
Issue OpenAug 02, 2024Jul 30, 2024
Issue CloseAug 06, 2024Aug 01, 2024
Basis Of Allotment (Tentative)Aug 07, 2024Aug 02, 2024
Initiation of Refunds (Tentative)Aug 08, 2024Aug 05, 2024
Credit of Share (Tentative)Aug 08, 2024Aug 05, 2024
Listing date (Tentative)Aug 09, 2024Aug 06, 2024
Anchor Lockin End date 1Sep 06, 2024Sep 01, 2024
Anchor Lockin End date 2Nov 05, 2024Oct 31, 2024

Financials & KPIs

Afcom Holdings IPO P/E ratio is 14.33, as compared to Ashapura Logistics IPO P/E ratio of 11.54.

 Afcom Holdings IPOAshapura Logistics IPO
Financials

Company Financials (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets129.3082.8525.159.00
Total Income134.1684.9048.6713.89
Profit After Tax23.1013.595.15-4.20
NET Worth100.8873.3121.82-3.37
Reserves and Surplus82.8655.7019.32-5.50
Total Borrowing15.480.480.0414.71
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets126.45104.62115.69
Total Income199.35222.60227.14
Profit After Tax12.359.477.88
NET Worth65.3247.9738.52
Reserves and Surplus55.4247.6038.15
Total Borrowing0.130.100.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)58.9492.45
Promoter Shareholding (Post-Issue)42.7367.51
P/E Ratio14.3311.54
Market Cap₹268.46 Cr.₹195.21 Cr.
ROE26.5321.82
ROCE28.3020.69
Debt/Equity0.150.63
EPS₹7.54₹12.48
RoNW22.9018.92

Shares Offered

In the Afcom Holdings IPO Retail Individual Investors (RII) are offered 22,75,200 shares while in Ashapura Logistics IPO retail investors are offered 22,75,200 shares. Qualified Institutional Buyers (QIB) are offered 13,38,000 shares in Afcom Holdings IPO and 6,96,000 shares in Ashapura Logistics IPO.

 Afcom Holdings IPOAshapura Logistics IPO
Anchor Investor Reservation18,96,000 shares10,40,000 shares
Market Maker Reservation3,54,000 shares1,83,000 shares
QIB13,38,000 shares6,96,000 shares
NII9,73,200 shares5,22,000 shares
RII22,75,200 shares12,16,000 shares
Employee
Others
Total64,82,400 shares34,74,000 shares

Bids Received (Subscription)

Afcom Holdings IPO subscribed 303.03x in total, whereas Ashapura Logistics IPO subscribed 185.75x.

 Afcom Holdings IPOAshapura Logistics IPO
QIB (times)186.23x128.23x
NII (times)697.88x289.33x
Big NII (times)
Small NII (times)
RII (times)202.83x174.21x
Employee (times)
Other (times)
Total (times)303.03x185.75x

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