Ahlada Engineers IPO vs Ranjeet Mechatronics IPO

Comparison between Ahlada Engineers IPO and Ranjeet Mechatronics IPO.

IPO Details

Ahlada Engineers IPO is a SME Fixed Price IPO proposed to list at NSE SME while Ranjeet Mechatronics IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ahlada Engineers IPO is up to ₹48.51 Cr whereas the issue size of the Ranjeet Mechatronics IPO is up to ₹4.26 Cr. The final issue price of Ahlada Engineers IPO is ₹150.00 per share and of Ranjeet Mechatronics IPO is ₹25.00 per share.

 Ahlada Engineers IPORanjeet Mechatronics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹147.00 per share
Issue Price (Upper)₹150.00 per share
Issue Price (Final)₹150.00 per share₹25.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares6000 shares
Fresh Issue Size32,34,000 shares17,04,000 shares
Fresh Issue Size (Amount)up to ₹48.51 Crup to ₹4.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,34,000 shares17,04,000 shares
Issue Size Total (Amount)up to ₹48.51 Crup to ₹4.26 Cr

IPO Timetable

Ahlada Engineers IPO opens on Sep 11, 2018, while Ranjeet Mechatronics IPO opens on Sep 12, 2018. The closing date of Ahlada Engineers IPO and Ranjeet Mechatronics IPO is Sep 18, 2018, and Sep 17, 2018, respectively.

 Ahlada Engineers IPORanjeet Mechatronics IPO
Issue OpenSep 11, 2018Sep 12, 2018
Issue CloseSep 18, 2018Sep 17, 2018
Basis Of Allotment (Tentative)Sep 24, 2018Sep 21, 2018
Initiation of Refunds (Tentative)Sep 25, 2018Sep 25, 2018
Credit of Share (Tentative)Sep 25, 2018Sep 25, 2018
Listing date (Tentative)Oct 27, 2018Sep 26, 2018

Financials & KPIs

Ahlada Engineers IPO P/E ratio is , as compared to Ranjeet Mechatronics IPO P/E ratio of .

 Ahlada Engineers IPORanjeet Mechatronics IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets145.6297.8683.87
Total Income127.89118.55111.47
Profit After Tax8.093.273.06
NET Worth36.4028.4025.24
Reserves and Surplus27.7224.0120.74
Total Borrowing47.1530.4923.12
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets22.4220.8418.06
Total Income18.0417.6425.29
Profit After Tax0.910.510.16
NET Worth2.591.671.16
Reserves and Surplus2.041.120.61
Total Borrowing12.1610.097.71
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)68.38%85.22%
Promoter Shareholding (Post-Issue)50.36%61.98%
Market Cap₹193.82 Cr.₹16.50 Cr.

Shares Offered

In the Ahlada Engineers IPO Retail Individual Investors (RII) are offered 11,32,000 shares while in Ranjeet Mechatronics IPO retail investors are offered 11,32,000 shares. Qualified Institutional Buyers (QIB) are offered 12,94,000 shares in Ahlada Engineers IPO and 0 shares in Ranjeet Mechatronics IPO.

 Ahlada Engineers IPORanjeet Mechatronics IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,71,000 shares96,000 shares
QIB12,94,000 shares0 shares
NII8,08,000 shares8,52,000 shares
RII11,32,000 shares8,52,000 shares
Employee0 shares0 shares
Total32,34,000 shares17,04,000 shares

Bids Received (Subscription)

Ahlada Engineers IPO subscribed 2.35x in total, whereas Ranjeet Mechatronics IPO subscribed 69.75x.

 Ahlada Engineers IPORanjeet Mechatronics IPO
QIB (times)1.44x
NII (times)2.64x77.48x
RII (times)3.19x62.03x
Total (times)2.35x69.75x

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Ahlada Engineers IPO Vs Ranjeet Mechatronics IPO