AIK Pipes IPO vs Kay Cee Energy IPO

Comparison between AIK Pipes IPO and Kay Cee Energy IPO.

IPO Details

AIK Pipes IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Kay Cee Energy IPO is a SME Bookbuilding 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 Kay Cee Energy IPO is up to ₹14.90 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Kay Cee Energy IPO is ₹54.00 per share.

 AIK Pipes IPOKay Cee Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹89.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares2000 shares
Fresh Issue Size16,03,200 shares27,60,000 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹14.90 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,03,200 shares27,60,000 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹14.90 Cr

IPO Timetable

AIK Pipes IPO opens on Dec 26, 2023, while Kay Cee Energy IPO opens on Dec 28, 2023. The closing date of AIK Pipes IPO and Kay Cee Energy IPO is Dec 28, 2023, and Jan 02, 2024, respectively.

 AIK Pipes IPOKay Cee Energy IPO
Anchor Bid DateDec 27, 2023
Issue OpenDec 26, 2023Dec 28, 2023
Issue CloseDec 28, 2023Jan 02, 2024
Basis Of Allotment (Tentative)Dec 29, 2023Jan 03, 2024
Initiation of Refunds (Tentative)Jan 01, 2024Jan 03, 2024
Credit of Share (Tentative)Jan 01, 2024Jan 04, 2024
Listing date (Tentative)Jan 02, 2024Jan 05, 2024
Anchor Lockin End date 1Feb 02, 2024
Anchor Lockin End date 2Apr 02, 2024

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to Kay Cee Energy IPO P/E ratio of 7.59.

 AIK Pipes IPOKay Cee Energy 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
Assets83.3280.1863.7038.08
Total Income9.6461.3250.1335.59
Profit After Tax1.215.513.101.87
NET Worth23.1221.9116.4113.31
Reserves and Surplus22.8721.6616.1613.06
Total Borrowing24.0522.896.472.72
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10096.12
Promoter Shareholding (Post-Issue)73.47
P/E Ratio21.547.59
Market Cap₹56.63 Cr.₹59.18 Cr.
ROE49.19%25.13%
ROCE17.90%22.32%
Debt/Equity0.961.04
EPS₹4.13₹7.11
RoNW33.5025.13%

Shares Offered

In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Kay Cee Energy IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and 5,56,000 shares in Kay Cee Energy IPO.

 AIK Pipes IPOKay Cee Energy IPO
Anchor Investor Reservation8,00,000 shares
Market Maker Reservation84,800 shares1,90,000 shares
QIB5,56,000 shares
NII8,01,600 shares4,22,000 shares
RII8,01,600 shares9,82,000 shares
Employee
Others
Total16,03,200 shares27,60,000 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 43.57x in total, whereas Kay Cee Energy IPO subscribed 1,052.45x.

 AIK Pipes IPOKay Cee Energy IPO
QIB (times)127.71x
NII (times)52.17x1,668.97x
Big NII (times)
Small NII (times)
RII (times)30.93x1,311.10x
Employee (times)
Other (times)
Total (times)43.57x1,052.45x

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