Comparison between Ahasolar Technologies IPO and Drone Destination IPO.
Ahasolar Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Drone Destination IPO is a SME Bookbuilding proposed to list at NSE SME.
| Ahasolar Technologies IPO | Drone Destination IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Narnolia Financial Services Ltd. |
| Registrar | Kfin Technologies Ltd. | Maashitla Securities Pvt.Ltd. |
| Market Maker | Sunflower Broking Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Ahasolar Technologies IPO is up to ₹12.18 Cr whereas the issue size of the Drone Destination IPO is up to ₹40.95 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Drone Destination IPO is ₹65.00 per share.
| Ahasolar Technologies IPO | Drone Destination IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | |
| Issue Price (Upper) | ₹65.00 per share | |
| Issue Price (Final) | ₹157.00 per share | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 800 shares | 2000 shares |
| Fresh Issue Size | 7,76,000 shares | 63,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹12.18 Cr | up to ₹40.95 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 | 7,76,000 shares | 63,00,000 shares |
| Issue Size Total (Amount) | up to ₹12.18 Cr | up to ₹40.95 Cr |
Ahasolar Technologies IPO opens on Jul 10, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of Ahasolar Technologies IPO and Drone Destination IPO is Jul 13, 2023, and Jul 13, 2023, respectively.
| Ahasolar Technologies IPO | Drone Destination IPO | |
|---|---|---|
| Anchor Bid Date | Jul 06, 2023 | |
| Issue Open | Jul 10, 2023 | Jul 07, 2023 |
| Issue Close | Jul 13, 2023 | Jul 13, 2023 |
| Basis Of Allotment (Tentative) | Jul 18, 2023 | Jul 18, 2023 |
| Initiation of Refunds (Tentative) | Jul 19, 2023 | Jul 19, 2023 |
| Credit of Share (Tentative) | Jul 20, 2023 | Jul 20, 2023 |
| Listing date (Tentative) | Jul 21, 2023 | Jul 21, 2023 |
| Anchor Lockin End date 1 | Aug 17, 2023 | |
| Anchor Lockin End date 2 | Oct 16, 2023 |
Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Drone Destination IPO P/E ratio of 64.35.
| Ahasolar Technologies IPO | Drone Destination IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 50.31 | 85.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 36.95 | 62.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 27.45 | 64.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹48.39 Cr. | ₹157.95 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 72.92 | 13.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 63.53 | 18.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹7.94 | ₹25.80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.54 | 13.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ahasolar Technologies IPO Retail Individual Investors (RII) are offered 3,88,000 shares while in Drone Destination IPO retail investors are offered 3,88,000 shares. Qualified Institutional Buyers (QIB) are offered in Ahasolar Technologies IPO and 12,60,000 shares in Drone Destination IPO.
| Ahasolar Technologies IPO | Drone Destination IPO | |
|---|---|---|
| Anchor Investor Reservation | 18,88,000 shares | |
| Market Maker Reservation | 42,400 shares | 5,00,000 shares |
| QIB | 12,60,000 shares | |
| NII | 3,88,000 shares | 9,46,000 shares |
| RII | 3,88,000 shares | 22,06,000 shares |
| Employee | ||
| Others | ||
| Total | 7,76,000 shares | 63,00,000 shares |
Ahasolar Technologies IPO subscribed 34.79x in total, whereas Drone Destination IPO subscribed 191.65x.
| Ahasolar Technologies IPO | Drone Destination IPO | |
|---|---|---|
| QIB (times) | 50.46x | |
| NII (times) | 23.37x | 243.85x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 46.18x | 250.09x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 34.79x | 191.65x |
