Airan IPO vs Maximus International IPO

Comparison between Airan IPO and Maximus International IPO.

IPO Details

Airan IPO is a SME Fixed Price IPO proposed to list at NSE SME while Maximus International IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Airan IPO is up to ₹14.09 Cr whereas the issue size of the Maximus International IPO is up to ₹3.57 Cr. The final issue price of Airan IPO is ₹45.00 per share and of Maximus International IPO is ₹25.00 per share.

 Airan IPOMaximus International IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹45.00 per share₹25.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares6000 shares
Fresh Issue Size31,32,000 shares14,28,000 shares
Fresh Issue Size (Amount)up to ₹14.09 Crup to ₹3.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total31,32,000 shares14,28,000 shares
Issue Size Total (Amount)up to ₹14.09 Crup to ₹3.57 Cr

IPO Timetable

Airan IPO opens on Mar 14, 2017, while Maximus International IPO opens on Mar 17, 2017. The closing date of Airan IPO and Maximus International IPO is Mar 16, 2017, and Mar 22, 2017, respectively.

 Airan IPOMaximus International IPO
Issue OpenMar 14, 2017Mar 17, 2017
Issue CloseMar 16, 2017Mar 22, 2017
Basis Of Allotment (Tentative)Mar 21, 2017Mar 27, 2017
Listing date (Tentative)Mar 24, 2017Mar 30, 2017

Financials & KPIs

Airan IPO P/E ratio is , as compared to Maximus International IPO P/E ratio of .

 Airan IPOMaximus International IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Oct 201631 Mar 201631 Mar 201531 Mar 2014
Assets37.1730.5329.8022.87
Total Income17.4126.8819.5814.57
Profit After Tax1.291.450.810.86
NET Worth20.1518.8617.4116.72
Reserves and Surplus15.5514.2612.8112.12
Total Borrowing13.478.439.913.90
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Oct 201631 Mar 2016
Assets6.070.53
Total Income5.340.49
Profit After Tax0.220.01
EBITDA0.440.02
NET Worth5.620.51
Reserves and Surplus1.920.01
Total Borrowing0.27
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%100%
Promoter Shareholding (Post-Issue)73.60%71.07%
Market Cap₹56.26 Cr.₹13.02 Cr.

Shares Offered

In the Airan IPO Retail Individual Investors (RII) are offered 15,66,000 shares while in Maximus International IPO retail investors are offered 15,66,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Airan IPO and 0 shares in Maximus International IPO.

 Airan IPOMaximus International IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,68,000 shares78,000 shares
QIB0 shares0 shares
NII15,66,000 shares7,14,000 shares
RII15,66,000 shares7,14,000 shares
Employee0 shares0 shares
Total31,32,000 shares14,28,000 shares

Bids Received (Subscription)

Airan IPO subscribed 29.60x in total, whereas Maximus International IPO subscribed 2.91x.

 Airan IPOMaximus International IPO
NII (times)21.88x0.00x
RII (times)37.32x0.00x
Total (times)29.60x2.91x

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