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Ahasolar Technologies IPO vs Asarfi Hospital IPO

Comparison between Ahasolar Technologies IPO and Asarfi Hospital IPO.

IPO Details

Ahasolar Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Asarfi Hospital IPO is a SME Bookbuilding proposed to list at BSE SME.

 Ahasolar Technologies IPOAsarfi Hospital IPO
LogoAhasolar Technologies IPO LogoAsarfi Hospital IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Hem Securities Ltd.
RegistrarKfin Technologies Ltd.Cameo Corporate Services Ltd.
Market MakerSunflower Broking Pvt.Ltd.Hem Finlease Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ahasolar Technologies IPO is up to ₹12.18 Cr whereas the issue size of the Asarfi Hospital IPO is up to ₹25.58 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Asarfi Hospital IPO is ₹52.00 per share.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹52.00 per share
Issue Price (Final)₹157.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size7,76,000 shares49,20,000 shares
Fresh Issue Size (Amount)up to ₹12.18 Crup to ₹25.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total7,76,000 shares49,20,000 shares
Issue Size Total (Amount)up to ₹12.18 Crup to ₹25.58 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Asarfi Hospital IPO opens on Jul 17, 2023. The closing date of Ahasolar Technologies IPO and Asarfi Hospital IPO is Jul 13, 2023, and Jul 19, 2023, respectively.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Anchor Bid DateJul 14, 2023
Issue OpenJul 10, 2023Jul 17, 2023
Issue CloseJul 13, 2023Jul 19, 2023
Basis Of Allotment (Tentative)Jul 18, 2023Jul 24, 2023
Initiation of Refunds (Tentative)Jul 19, 2023Jul 25, 2023
Credit of Share (Tentative)Jul 20, 2023Jul 26, 2023
Listing date (Tentative)Jul 21, 2023Jul 26, 2023
Anchor Lockin End date 1Aug 23, 2023
Anchor Lockin End date 2Oct 22, 2023

Financials & KPIs

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Asarfi Hospital IPO P/E ratio of 12.78.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Financials
Ahasolar Technologies Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20138.63128.702.072.161.1623.04
31-Mar-2185.47187.737.9110.089.0824.24
31-Mar-22237.371,714.6468.6378.7177.7158.18
31-Mar-23525.562,105.16176.38405.07178.690.00
Amount in ₹ Lakhs
Asarfi Hospital Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-213,729.455,439.90353.431,689.901,564.95713.36
31-Mar-226,270.246,619.54572.842,262.732,137.781,163.31
31-Mar-239,342.717,303.26801.534,184.262,734.531,720.20
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)50.3183.03
Promoter Shareholding (Post-Issue)36.9561.17
P/E Ratio27.4512.78
Market Cap₹48.39 Cr.₹102.32 Cr.
ROE72.92%19.16%
ROCE63.53%19.91%
Debt/Equity0.41
EPS₹7.94₹7.58
RoNW43.54%19.16

Shares Offered

In the Ahasolar Technologies IPO Retail Individual Investors (RII) are offered 3,88,000 shares while in Asarfi Hospital IPO retail investors are offered 3,88,000 shares. Qualified Institutional Buyers (QIB) are offered in Ahasolar Technologies IPO and 9,84,000 shares in Asarfi Hospital IPO.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Anchor Investor Reserveration14,76,000 shares
Market Maker Reserveration42,400 shares2,60,000 shares
QIB9,84,000 shares
NII3,88,000 shares7,38,000 shares
RII3,88,000 shares17,22,000 shares
Employee
Others
Total7,76,000 shares49,20,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Asarfi Hospital IPO subscribed 195.14x.

 Ahasolar Technologies IPOAsarfi Hospital IPO
QIB (times)50.60x
NII (times)23.37x451.62x
Big NII (times)
Small NII (times)
RII (times)46.18x167.81x
Employee (times)
Other (times)
Total (times)34.79x195.14x