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AIK Pipes IPO vs Electro Force IPO

Comparison between AIK Pipes IPO and Electro Force IPO.

IPO Details

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 IPOElectro Force IPO
LogoAIK Pipes IPO LogoElectro Force IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersShreni Shares Ltd.First Overseas Capital Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerShreni Shares Ltd.Arham Shares Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
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 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 IPOElectro Force IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹89.00 per share₹93.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares1200 shares
Fresh Issue Size16,03,200 shares55,64,400 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹51.75 Cr
OFS Issue Size0 shares26,74,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹24.88 Cr
Issue Size Total16,03,200 shares82,39,200 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹76.62 Cr

IPO Timetable

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 IPOElectro Force IPO
Issue OpenDec 26, 2023Dec 19, 2023
Issue CloseDec 28, 2023Dec 21, 2023
Basis Of Allotment (Tentative)Dec 29, 2023Dec 22, 2023
Initiation of Refunds (Tentative)Jan 01, 2024Dec 26, 2023
Credit of Share (Tentative)Jan 01, 2024Dec 26, 2023
Listing date (Tentative)Jan 02, 2024Dec 27, 2023

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to Electro Force IPO P/E ratio of 20.22.

 AIK Pipes IPOElectro Force 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 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets78.2772.3247.8317.20
Total Income23.1430.2934.4415.87
Profit After Tax7.118.008.64-2.24
NET Worth25.4618.3510.361.71
Reserves and Surplus8.060.955.36-3.29
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100.00%
Promoter Shareholding (Post-Issue)73.47%62.93%
P/E Ratio21.5420.22
Market Cap₹56.63 Cr.₹217.62 Cr.
ROE49.1943.57
ROCE17.9058.23
Debt/Equity0.96
EPS₹4.13₹4.60
RoNW33.5043.57

Shares Offered

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 0 shares in Electro Force IPO.

 AIK Pipes IPOElectro Force IPO
Anchor Investor Reservation0 shares
Market Maker Reservation84,800 shares4,35,600 shares
QIB0 shares
NII8,01,600 shares41,19,600 shares
RII8,01,600 shares41,19,600 shares
Employee0 shares
Total16,03,200 shares82,39,200 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 41.55x in total, whereas Electro Force IPO subscribed 4.28x.

 AIK Pipes IPOElectro Force IPO
NII (times)52.17x2.12x
RII (times)30.93x6.44x
Total (times)41.55x4.28x

Compare with others

AIK Pipes IPOElectro Force IPO
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Compare:

AIK Pipes IPO Vs Electro Force IPO