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AIK Pipes IPO vs Akanksha Power IPO

Comparison between AIK Pipes IPO and Akanksha Power IPO.

IPO Details

AIK Pipes IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Akanksha Power IPO is a SME Bookbuilding proposed to list at NSE SME.

 AIK Pipes IPOAkanksha Power IPO
LogoAIK Pipes IPO LogoAkanksha Power IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.Narnolia Financial Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerShreni Shares Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the Akanksha Power IPO is up to ₹26.06 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Akanksha Power IPO is ₹55.00 per share.

 AIK Pipes IPOAkanksha Power IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹55.00 per share
Issue Price (Final)₹89.00 per share₹55.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size16,03,200 shares47,38,000 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹26.06 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,03,200 shares47,38,000 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹26.06 Cr

IPO Timetable

AIK Pipes IPO opens on Dec 26, 2023, while Akanksha Power IPO opens on Dec 27, 2023. The closing date of AIK Pipes IPO and Akanksha Power IPO is Dec 28, 2023, and Dec 29, 2023, respectively.

 AIK Pipes IPOAkanksha Power IPO
Anchor Bid DateDec 26, 2023
Issue OpenDec 26, 2023Dec 27, 2023
Issue CloseDec 28, 2023Dec 29, 2023
Basis Of Allotment (Tentative)Dec 29, 2023Jan 01, 2024
Initiation of Refunds (Tentative)Jan 01, 2024Jan 02, 2024
Credit of Share (Tentative)Jan 01, 2024Jan 02, 2024
Listing date (Tentative)Jan 02, 2024Jan 03, 2024
Anchor Lockin End date 1Jan 31, 2024
Anchor Lockin End date 2Mar 31, 2024

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to Akanksha Power IPO P/E ratio of 24.02.

 AIK Pipes IPOAkanksha Power IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets16.3914.519.687.40
Total Income14.0030.7820.9110.21
Profit After Tax1.021.880.880.27
NET Worth6.625.612.030.85
Reserves and Surplus1.954.331.330.45
Total Borrowing4.305.384.323.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets55.3147.6338.3937.81
Total Income10.2746.4452.0774.41
Profit After Tax0.712.912.413.92
NET Worth20.7515.9613.0510.65
Reserves and Surplus7.2314.1411.248.83
Total Borrowing17.2315.2810.558.91
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10083.28
Promoter Shareholding (Post-Issue)73.4760.81
P/E Ratio21.5424.02
Market Cap₹56.63 Cr.₹101.85 Cr.
ROE49.19%18.20%
ROCE17.90%22.75%
Debt/Equity0.960.96
EPS₹4.13₹2.29
RoNW33.5018.20%

Shares Offered

In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Akanksha Power IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and 9,48,000 shares in Akanksha Power IPO.

 AIK Pipes IPOAkanksha Power IPO
Anchor Investor Reservation14,18,000 shares
Market Maker Reservation84,800 shares2,60,000 shares
QIB9,48,000 shares
NII8,01,600 shares7,12,000 shares
RII8,01,600 shares16,60,000 shares
Employee
Others
Total16,03,200 shares47,38,000 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 43.57x in total, whereas Akanksha Power IPO subscribed 117.39x.

 AIK Pipes IPOAkanksha Power IPO
QIB (times)38.51x
NII (times)52.17x238.60x
Big NII (times)
Small NII (times)
RII (times)30.93x110.44x
Employee (times)
Other (times)
Total (times)43.57x117.39x

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AIK Pipes IPO Vs Akanksha Power IPO