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Afcom Holdings IPO vs Dhariwalcorp IPO

Comparison between Afcom Holdings IPO and Dhariwalcorp IPO.

IPO Details

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

 Afcom Holdings IPODhariwalcorp IPO
LogoAfcom Holdings IPO LogoDhariwalcorp IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Shreni Shares Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Afcom Holdings IPO is up to ₹70.01 Cr whereas the issue size of the Dhariwalcorp IPO is up to ₹23.84 Cr. The final issue price of Afcom Holdings IPO is ₹108.00 per share and of Dhariwalcorp IPO is ₹106.00 per share.

 Afcom Holdings IPODhariwalcorp IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹102.00 per share₹102.00 per share
Issue Price (Upper)₹108.00 per share₹106.00 per share
Issue Price (Final)₹108.00 per share₹106.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size64,82,400 shares22,48,800 shares
Fresh Issue Size (Amount)up to ₹70.01 Crup to ₹23.84 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total64,82,400 shares22,48,800 shares
Issue Size Total (Amount)up to ₹70.01 Crup to ₹23.84 Cr

IPO Timetable

Afcom Holdings IPO opens on Aug 02, 2024, while Dhariwalcorp IPO opens on Aug 01, 2024. The closing date of Afcom Holdings IPO and Dhariwalcorp IPO is Aug 06, 2024, and Aug 05, 2024, respectively.

 Afcom Holdings IPODhariwalcorp IPO
Anchor Bid DateJul 01, 2024Jul 31, 2024
Issue OpenAug 02, 2024Aug 01, 2024
Issue CloseAug 06, 2024Aug 05, 2024
Basis Of Allotment (Tentative)Aug 07, 2024Aug 06, 2024
Initiation of Refunds (Tentative)Aug 08, 2024Aug 07, 2024
Credit of Share (Tentative)Aug 08, 2024Aug 07, 2024
Listing date (Tentative)Aug 09, 2024Aug 08, 2024
Anchor Lockin End date 1Sep 06, 2024Sep 05, 2024
Anchor Lockin End date 2Nov 05, 2024Nov 04, 2024

Financials & KPIs

Afcom Holdings IPO P/E ratio is 14.33, as compared to Dhariwalcorp IPO P/E ratio of 15.48.

 Afcom Holdings IPODhariwalcorp IPO
Financials

Afcom Holdings Limited Financial Information (Restated)

Period Ended29 Feb 202431 Mar 202331 Mar 202231 Mar 2021
Assets12,929.758,285.402,514.51899.92
Total Income13,416.388,490.124,866.971,388.72
Profit After Tax2,310.371,358.62514.80-420.31
Net Worth10,087.717,330.562,181.65-337.19
Reserves and Surplus8,285.585,570.191,931.78-549.95
Total Borrowing1,547.5047.603.831,471.32
Amount in ₹ Lakhs

Dhariwalcorp Limited Financial Information (Restated)

Dhariwalcorp Limited's revenue increased by 18.4% and profit after tax (PAT) rose by 653.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,131.301,961.061,351.04
Total Income23,111.3519,519.4315,920.11
Profit After Tax450.6359.84142.41
Net Worth875.00251.42191.58
Reserves and Surplus217.10241.42181.58
Total Borrowing878.76618.13571.43
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)58.9499.99
Promoter Shareholding (Post-Issue)73.50
P/E Ratio14.3315.48
Market Cap₹268.46 Cr.₹94.88 Cr.
ROE26.53%51.50%
ROCE28.30%59.80%
Debt/Equity0.151.00
EPS₹7.54₹6.85
RoNW22.90%51.50%

Shares Offered

In the Afcom Holdings IPO Retail Individual Investors (RII) are offered 22,75,200 shares while in Dhariwalcorp IPO retail investors are offered 22,75,200 shares. Qualified Institutional Buyers (QIB) are offered 13,38,000 shares in Afcom Holdings IPO and 4,42,800 shares in Dhariwalcorp IPO.

 Afcom Holdings IPODhariwalcorp IPO
Anchor Investor Reserveration18,96,000 shares6,60,000 shares
Market Maker Reserveration3,54,000 shares1,23,600 shares
QIB13,38,000 shares4,42,800 shares
NII9,73,200 shares3,48,000 shares
RII22,75,200 shares7,98,000 shares
Employee
Others
Total64,82,400 shares22,48,800 shares

Bids Received (Subscription)

Afcom Holdings IPO subscribed 303.03x in total, whereas Dhariwalcorp IPO subscribed 174.95x.

 Afcom Holdings IPODhariwalcorp IPO
QIB (times)186.23x76.93x
NII (times)697.88x279.17x
Big NII (times)
Small NII (times)
RII (times)202.83x183.89x
Employee (times)
Other (times)
Total (times)303.03x174.95x