Comparison between Ajax Engineering IPO and Laxmi Dental IPO.
Ajax Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Laxmi Dental IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Ajax Engineering IPO is up to ₹1,268.93 Cr whereas the issue size of the Laxmi Dental IPO is up to ₹698.06 Cr. The final issue price of Ajax Engineering IPO is ₹629.00 per share and of Laxmi Dental IPO is ₹428.00 per share.
| Ajax Engineering IPO | Laxmi Dental IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹2 per share |
| Issue Price (Lower) | ₹599.00 per share | ₹407.00 per share |
| Issue Price (Upper) | ₹629.00 per share | ₹428.00 per share |
| Issue Price (Final) | ₹629.00 per share | ₹428.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹59.00 per share | ₹0.00 per share |
| Market Lot Size | 23 shares | 33 shares |
| Fresh Issue Size | 0 shares | 32,24,299 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹138.00 Cr |
| OFS Issue Size | 2,01,80,446 shares | 1,30,85,467 shares |
| OFS Issue Size (Amount) | up to ₹1,268.93 Cr | up to ₹560.06 Cr |
| Issue Size Total | 2,01,80,446 shares | 1,63,09,766 shares |
| Issue Size Total (Amount) | up to ₹1,268.93 Cr | up to ₹698.06 Cr |
Ajax Engineering IPO opens on Feb 10, 2025, while Laxmi Dental IPO opens on Jan 13, 2025. The closing date of Ajax Engineering IPO and Laxmi Dental IPO is Feb 12, 2025, and Jan 15, 2025, respectively.
| Ajax Engineering IPO | Laxmi Dental IPO | |
|---|---|---|
| Anchor Bid Date | Feb 07, 2025 | Jan 10, 2025 |
| Issue Open | Feb 10, 2025 | Jan 13, 2025 |
| Issue Close | Feb 12, 2025 | Jan 15, 2025 |
| Basis Of Allotment (Tentative) | Feb 13, 2025 | Jan 16, 2025 |
| Initiation of Refunds (Tentative) | Feb 14, 2025 | Jan 17, 2025 |
| Credit of Share (Tentative) | Feb 14, 2025 | Jan 17, 2025 |
| Listing date (Tentative) | Feb 17, 2025 | Jan 20, 2025 |
| Anchor Lockin End date 1 | Mar 14, 2025 | Feb 14, 2025 |
| Anchor Lockin End date 2 | May 13, 2025 | Apr 15, 2025 |
Ajax Engineering IPO P/E ratio is 31.96, as compared to Laxmi Dental IPO P/E ratio of 87.77.
| Ajax Engineering IPO | Laxmi Dental IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 93.5 | 46.56 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 80 | 41.7 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 31.96 | 87.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7196.19 Cr. | ₹2352.38 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.53% | 78.78% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.82% | 19.97% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.01 | 0.94 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹19.68 | ₹4.88 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.39% | 78.78% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ajax Engineering IPO Retail Individual Investors (RII) are offered 70,35,525 shares while in Laxmi Dental IPO retail investors are offered 70,35,525 shares. Qualified Institutional Buyers (QIB) are offered 40,20,300 shares in Ajax Engineering IPO and 48,92,931 shares in Laxmi Dental IPO.
| Ajax Engineering IPO | Laxmi Dental IPO | |
|---|---|---|
| Anchor Investor Reservation | 60,30,449 shares | 73,39,395 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 40,20,300 shares | 48,92,931 shares |
| NII | 30,15,225 shares | 24,46,464 shares |
| RII | 70,35,525 shares | 16,30,976 shares |
| Employee | 78,947 shares | 0 shares |
| Others | ||
| Total | 2,01,80,446 shares | 1,63,09,766 shares |
Ajax Engineering IPO subscribed 6.06x in total, whereas Laxmi Dental IPO subscribed 114.14x.
| Ajax Engineering IPO | Laxmi Dental IPO | |
|---|---|---|
| QIB (times) | 13.04x | 110.38x |
| NII (times) | 6.46x | 147.69x |
| Big NII (times) | 7.67x | 167.68x |
| Small NII (times) | 3.58x | 107.70x |
| RII (times) | 1.94x | 75.10x |
| Employee (times) | 2.62x | |
| Other (times) | ||
| Total (times) | 6.06x | 114.14x |
