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AIK Pipes IPO vs Supreme Power Equipment IPO

Comparison between AIK Pipes IPO and Supreme Power Equipment IPO.

IPO Details

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

 AIK Pipes IPOSupreme Power Equipment IPO
LogoAIK Pipes IPO LogoSupreme Power Equipment 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.Purva Sharegistry (India) Pvt.Ltd.
Market MakerShreni Shares Ltd.Share India Securities 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 Supreme Power Equipment IPO is up to ₹40.61 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Supreme Power Equipment IPO is ₹65.00 per share.

 AIK Pipes IPOSupreme Power Equipment IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹61.00 per share
Issue Price (Upper)₹65.00 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 shares62,48,000 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹40.61 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,03,200 shares62,48,000 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹40.61 Cr

IPO Timetable

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

 AIK Pipes IPOSupreme Power Equipment IPO
Anchor Bid DateDec 20, 2023
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
Anchor Lockin End date 1Jan 26, 2024
Anchor Lockin End date 2Mar 26, 2024

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to Supreme Power Equipment IPO P/E ratio of 10.69.

 AIK Pipes IPOSupreme Power Equipment 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 Consolidated)

Period Ended31 Jul 202331 Mar 2023
Assets91.8769.01
Total Income39.2899.91
Profit After Tax5.0311.08
NET Worth22.9818.06
Reserves and Surplus19.0214.10
Total Borrowing21.5420.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%79.37%
Promoter Shareholding (Post-Issue)73.47%56.56%
P/E Ratio21.5410.69
Market Cap₹56.63 Cr.₹162.44 Cr.
ROE49.1959.88
ROCE17.9083.01
Debt/Equity0.960.45
EPS₹4.13₹6.08
RoNW33.5059.88

Shares Offered

In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Supreme Power Equipment IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and 12,50,000 shares in Supreme Power Equipment IPO.

 AIK Pipes IPOSupreme Power Equipment IPO
Anchor Investor Reservation18,70,000 shares
Market Maker Reservation84,800 shares9,32,000 shares
QIB12,50,000 shares
NII8,01,600 shares9,40,000 shares
RII8,01,600 shares21,88,000 shares
Total16,03,200 shares62,48,000 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 41.55x in total, whereas Supreme Power Equipment IPO subscribed 184.00x.

 AIK Pipes IPOSupreme Power Equipment IPO
QIB (times)88.98x
NII (times)52.17x489.10x
RII (times)30.93x264.48x
Total (times)41.55x184.00x

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AIK Pipes IPOSupreme Power Equipment IPO
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Compare:

AIK Pipes IPO Vs Supreme Power Equipment IPO