Comparison between Ajax Engineering IPO and Rite Water Solutions IPO.
Ajax Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Rite Water Solutions 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 Rite Water Solutions IPO is up to ₹745.00 Cr. The final issue price of Ajax Engineering IPO is ₹629.00 per share and of Rite Water Solutions IPO is .
| Ajax Engineering IPO | Rite Water Solutions IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹2 per share |
| Issue Price (Lower) | ₹599.00 per share | |
| Issue Price (Upper) | ₹629.00 per share | |
| Issue Price (Final) | ₹629.00 per share | |
| Discount (Retail) | ₹0.00 per share | |
| Discount (Employee) | ₹59.00 per share | |
| Market Lot Size | 23 shares | |
| Fresh Issue Size | 0 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹300.00 Cr |
| OFS Issue Size | 2,01,80,446 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹1,268.93 Cr | up to ₹445.00 Cr |
| Issue Size Total | 2,01,80,446 shares | 0 shares |
| Issue Size Total (Amount) | up to ₹1,268.93 Cr | up to ₹745.00 Cr |
Ajax Engineering IPO opens on Feb 10, 2025, while Rite Water Solutions IPO opens on . The closing date of Ajax Engineering IPO and Rite Water Solutions IPO is Feb 12, 2025, and , respectively.
| Ajax Engineering IPO | Rite Water Solutions IPO | |
|---|---|---|
| Anchor Bid Date | Feb 07, 2025 | |
| Issue Open | Feb 10, 2025 | |
| Issue Close | Feb 12, 2025 | |
| Basis Of Allotment (Tentative) | Feb 13, 2025 | |
| Initiation of Refunds (Tentative) | Feb 14, 2025 | |
| Credit of Share (Tentative) | Feb 14, 2025 | |
| Listing date (Tentative) | Feb 17, 2025 | |
| Anchor Lockin End date 1 | Mar 14, 2025 | |
| Anchor Lockin End date 2 | May 13, 2025 |
Ajax Engineering IPO P/E ratio is 31.96, as compared to Rite Water Solutions IPO P/E ratio of .
| Ajax Engineering IPO | Rite Water Solutions IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 93.5 | 80.13 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 80 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 31.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7196.19 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.53% | 21.04% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.82% | 27.22% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.01 | 0.08 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹19.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.39% | 21.04% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ajax Engineering IPO Retail Individual Investors (RII) are offered 70,35,525 shares while in Rite Water Solutions IPO retail investors are offered 70,35,525 shares. Qualified Institutional Buyers (QIB) are offered 40,20,300 shares in Ajax Engineering IPO and in Rite Water Solutions IPO.
| Ajax Engineering IPO | Rite Water Solutions IPO | |
|---|---|---|
| Anchor Investor Reservation | 60,30,449 shares | |
| Market Maker Reservation | 0 shares | |
| QIB | 40,20,300 shares | |
| NII | 30,15,225 shares | |
| RII | 70,35,525 shares | |
| Employee | 78,947 shares | |
| Others | ||
| Total | 2,01,80,446 shares |
Ajax Engineering IPO subscribed 6.06x in total, whereas Rite Water Solutions IPO subscribed .
| Ajax Engineering IPO | Rite Water Solutions IPO | |
|---|---|---|
| QIB (times) | 13.04x | |
| NII (times) | 6.46x | |
| Big NII (times) | 7.67x | |
| Small NII (times) | 3.58x | |
| RII (times) | 1.94x | |
| Employee (times) | 2.62x | |
| Other (times) | ||
| Total (times) | 6.06x |
