Comparison between Ajax Engineering IPO and Quality Power Electrical IPO.
Ajax Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Quality Power Electrical 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 Quality Power Electrical IPO is up to ₹858.70 Cr. The final issue price of Ajax Engineering IPO is ₹629.00 per share and of Quality Power Electrical IPO is ₹425.00 per share.
| Ajax Engineering IPO | Quality Power Electrical IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹10 per share |
| Issue Price (Lower) | ₹599.00 per share | ₹401.00 per share |
| Issue Price (Upper) | ₹629.00 per share | ₹425.00 per share |
| Issue Price (Final) | ₹629.00 per share | ₹425.00 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 | 26 shares |
| Fresh Issue Size | 0 shares | 52,94,100 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹225.00 Cr |
| OFS Issue Size | 2,01,80,446 shares | 1,49,10,500 shares |
| OFS Issue Size (Amount) | up to ₹1,268.93 Cr | up to ₹633.70 Cr |
| Issue Size Total | 2,01,80,446 shares | 2,02,04,600 shares |
| Issue Size Total (Amount) | up to ₹1,268.93 Cr | up to ₹858.70 Cr |
Ajax Engineering IPO opens on Feb 10, 2025, while Quality Power Electrical IPO opens on Feb 14, 2025. The closing date of Ajax Engineering IPO and Quality Power Electrical IPO is Feb 12, 2025, and Feb 18, 2025, respectively.
| Ajax Engineering IPO | Quality Power Electrical IPO | |
|---|---|---|
| Anchor Bid Date | Feb 07, 2025 | Feb 13, 2025 |
| Issue Open | Feb 10, 2025 | Feb 14, 2025 |
| Issue Close | Feb 12, 2025 | Feb 18, 2025 |
| Basis Of Allotment (Tentative) | Feb 13, 2025 | Feb 19, 2025 |
| Initiation of Refunds (Tentative) | Feb 14, 2025 | Feb 20, 2025 |
| Credit of Share (Tentative) | Feb 14, 2025 | Feb 20, 2025 |
| Listing date (Tentative) | Feb 17, 2025 | Feb 24, 2025 |
| Anchor Lockin End date 1 | Mar 14, 2025 | Mar 21, 2025 |
| Anchor Lockin End date 2 | May 13, 2025 | May 20, 2025 |
Ajax Engineering IPO P/E ratio is 31.96, as compared to Quality Power Electrical IPO P/E ratio of 55.28.
| Ajax Engineering IPO | Quality Power Electrical IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 93.5 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 80 | 73.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 31.96 | 55.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7196.19 Cr. | ₹3291.38 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.53% | 29.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.82% | 19.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.01 | 0.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹19.68 | ₹7.69 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.39% | 29.15% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ajax Engineering IPO Retail Individual Investors (RII) are offered 70,35,525 shares while in Quality Power Electrical IPO retail investors are offered 70,35,525 shares. Qualified Institutional Buyers (QIB) are offered 40,20,300 shares in Ajax Engineering IPO and 60,61,380 shares in Quality Power Electrical IPO.
| Ajax Engineering IPO | Quality Power Electrical IPO | |
|---|---|---|
| Anchor Investor Reservation | 60,30,449 shares | 90,92,070 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 40,20,300 shares | 60,61,380 shares |
| NII | 30,15,225 shares | 30,30,690 shares |
| RII | 70,35,525 shares | 20,20,460 shares |
| Employee | 78,947 shares | 0 shares |
| Others | ||
| Total | 2,01,80,446 shares | 2,02,04,600 shares |
Ajax Engineering IPO subscribed 6.06x in total, whereas Quality Power Electrical IPO subscribed 1.29x.
| Ajax Engineering IPO | Quality Power Electrical IPO | |
|---|---|---|
| QIB (times) | 13.04x | 1.03x |
| NII (times) | 6.46x | 1.45x |
| Big NII (times) | 7.67x | 1.78x |
| Small NII (times) | 3.58x | 0.79x |
| RII (times) | 1.94x | 1.82x |
| Employee (times) | 2.62x | |
| Other (times) | ||
| Total (times) | 6.06x | 1.29x |
