Comparison between AIK Pipes IPO and Electro Force IPO.
AIK Pipes IPO is a SME Fixed Price IPO proposed to list at BSE SME while Electro Force IPO is a SME Fixed Price proposed to list at NSE SME.
| AIK Pipes IPO | Electro Force IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Shreni Shares Ltd. | First Overseas Capital Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Shreni Shares Ltd. | Arham Shares Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the Electro Force IPO is up to ₹76.62 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Electro Force IPO is ₹93.00 per share.
| AIK Pipes IPO | Electro Force IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹89.00 per share | ₹93.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1200 shares |
| Fresh Issue Size | 16,03,200 shares | 55,64,400 shares |
| Fresh Issue Size (Amount) | up to ₹14.27 Cr | up to ₹51.75 Cr |
| OFS Issue Size | 0 shares | 26,74,800 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹24.88 Cr |
| Issue Size Total | 16,03,200 shares | 82,39,200 shares |
| Issue Size Total (Amount) | up to ₹14.27 Cr | up to ₹76.62 Cr |
AIK Pipes IPO opens on Dec 26, 2023, while Electro Force IPO opens on Dec 19, 2023. The closing date of AIK Pipes IPO and Electro Force IPO is Dec 28, 2023, and Dec 21, 2023, respectively.
| AIK Pipes IPO | Electro Force IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 26, 2023 | Dec 19, 2023 |
| Issue Close | Dec 28, 2023 | Dec 21, 2023 |
| Basis Of Allotment (Tentative) | Dec 29, 2023 | Dec 22, 2023 |
| Initiation of Refunds (Tentative) | Jan 01, 2024 | Dec 26, 2023 |
| Credit of Share (Tentative) | Jan 01, 2024 | Dec 26, 2023 |
| Listing date (Tentative) | Jan 02, 2024 | Dec 27, 2023 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
AIK Pipes IPO P/E ratio is 21.54, as compared to Electro Force IPO P/E ratio of 20.22.
| AIK Pipes IPO | Electro Force IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | AIK Pipes And Polymers Limited Financial Information (Restated)AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Electro Force (India) Limited Financial Information (Restated)Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.47 | 62.93 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.54 | 20.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹56.63 Cr. | ₹217.62 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 49.19% | 43.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.90% | 58.23% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.13 | ₹4.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.50 | 43.57% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Electro Force IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and in Electro Force IPO.
| AIK Pipes IPO | Electro Force IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 84,800 shares | 4,35,600 shares |
| QIB | ||
| NII | 8,01,600 shares | 41,19,600 shares |
| RII | 8,01,600 shares | 41,19,600 shares |
| Employee | ||
| Others | ||
| Total | 16,03,200 shares | 82,39,200 shares |
AIK Pipes IPO subscribed 43.57x in total, whereas Electro Force IPO subscribed 4.28x.
| AIK Pipes IPO | Electro Force IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 52.17x | 2.12x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 30.93x | 6.44x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 43.57x | 4.28x |
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