Aarvi Encon IPO vs Airo Lam IPO

Comparison between Aarvi Encon IPO and Airo Lam IPO.

IPO Details

Aarvi Encon IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Airo Lam IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Aarvi Encon IPO is up to ₹20.17 Cr whereas the issue size of the Airo Lam IPO is up to ₹14.41 Cr. The final issue price of Aarvi Encon IPO is ₹54.00 per share and of Airo Lam IPO is ₹38.00 per share.

 Aarvi Encon IPOAiro Lam IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹36.00 per share
Issue Price (Upper)₹38.00 per share
Issue Price (Final)₹54.00 per share₹38.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size37,36,000 shares37,92,000 shares
Fresh Issue Size (Amount)up to ₹20.17 Crup to ₹14.41 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total37,36,000 shares37,92,000 shares
Issue Size Total (Amount)up to ₹20.17 Crup to ₹14.41 Cr

IPO Timetable

Aarvi Encon IPO opens on Sep 21, 2017, while Airo Lam IPO opens on Sep 25, 2017. The closing date of Aarvi Encon IPO and Airo Lam IPO is Sep 26, 2017, and Sep 27, 2017, respectively.

 Aarvi Encon IPOAiro Lam IPO
Issue OpenSep 21, 2017Sep 25, 2017
Issue CloseSep 26, 2017Sep 27, 2017
Basis Of Allotment (Tentative)Sep 29, 2017
Listing date (Tentative)Oct 05, 2017Oct 06, 2017

Financials & KPIs

Aarvi Encon IPO P/E ratio is , as compared to Airo Lam IPO P/E ratio of .

 Aarvi Encon IPOAiro Lam IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets63.9950.9651.35
Total Income146.52109.86114.63
Profit After Tax3.512.746.42
NET Worth33.2030.0628.80
Reserves and Surplus30.1026.9625.70
Total Borrowing13.108.428.03
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets70.3362.6656.45
Total Income71.4764.0667.23
Profit After Tax1.891.671.60
NET Worth17.1515.2613.59
Reserves and Surplus11.659.768.09
Total Borrowing22.6920.9822.78
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%70.87%
Promoter Shareholding (Post-Issue)73.39%51.97%
Market Cap₹79.83 Cr.₹57.00 Cr.

Shares Offered

In the Aarvi Encon IPO Retail Individual Investors (RII) are offered 18,68,000 shares while in Airo Lam IPO retail investors are offered 18,68,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Aarvi Encon IPO and 0 shares in Airo Lam IPO.

 Aarvi Encon IPOAiro Lam IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,98,000 shares2,10,000 shares
QIB0 shares0 shares
NII18,68,000 shares18,96,000 shares
RII18,68,000 shares18,96,000 shares
Employee0 shares0 shares
Total37,36,000 shares37,92,000 shares

Bids Received (Subscription)

Aarvi Encon IPO subscribed 1.51x in total, whereas Airo Lam IPO subscribed 32.69x.

 Aarvi Encon IPOAiro Lam IPO
NII (times)2.41x56.78x
RII (times)0.61x8.60x
Total (times)1.51x32.69x

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