AIK Pipes IPO vs Indifra IPO

Comparison between AIK Pipes IPO and Indifra IPO.

IPO Details

AIK Pipes IPO is a SME Fixed Price IPO proposed to list at BSE SME while Indifra IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the Indifra IPO is up to ₹13.34 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Indifra IPO is ₹65.00 per share.

 AIK Pipes IPOIndifra IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹89.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares2000 shares
Fresh Issue Size16,03,200 shares20,52,000 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹13.34 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,03,200 shares20,52,000 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹13.34 Cr

IPO Timetable

AIK Pipes IPO opens on Dec 26, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of AIK Pipes IPO and Indifra IPO is Dec 28, 2023, and Dec 26, 2023, respectively.

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

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to Indifra IPO P/E ratio of 11.23.

 AIK Pipes IPOIndifra 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
Assets6.303.124.202.30
Total Income0.6410.0210.923.07
Profit After Tax0.040.990.400.11
NET Worth5.331.700.710.31
Reserves and Surplus0.201.690.700.30
Total Borrowing0.380.510.45
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%96%
Promoter Shareholding (Post-Issue)73.47%67.55%
P/E Ratio21.5411.23
Market Cap₹56.63 Cr.₹47.39 Cr.
ROE49.1982.45
ROCE17.9086.21
Debt/Equity0.96
EPS₹4.13₹5.79
RoNW33.5082.45

Shares Offered

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

 AIK Pipes IPOIndifra IPO
Market Maker Reservation84,800 shares1,08,000 shares
NII8,01,600 shares10,26,000 shares
RII8,01,600 shares10,26,000 shares
Total16,03,200 shares20,52,000 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 41.55x in total, whereas Indifra IPO subscribed 7.20x.

 AIK Pipes IPOIndifra IPO
NII (times)52.17x2.34x
RII (times)30.93x12.07x
Total (times)41.55x7.20x

Compare with others

Compare:

AIK Pipes IPO Vs Indifra IPO