Comparison between AIK Pipes IPO and Akanksha Power IPO.
IPO Details
AIK Pipes IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Akanksha Power IPO is a SME Bookbuilding proposed to list at NSE SME.
Issue Size and Price
The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the Akanksha Power IPO is up to ₹26.06 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Akanksha Power IPO is ₹55.00 per share.
IPO Timetable
AIK Pipes IPO opens on Dec 26, 2023, while Akanksha Power IPO opens on Dec 27, 2023. The closing date of AIK Pipes IPO and Akanksha Power IPO is Dec 28, 2023, and Dec 29, 2023, respectively.
| | AIK Pipes IPO | Akanksha Power IPO |
|---|
| Anchor Bid Date | | Dec 26, 2023 |
| Issue Open | Dec 26, 2023 | Dec 27, 2023 |
| Issue Close | Dec 28, 2023 | Dec 29, 2023 |
| Basis Of Allotment (Tentative) | Dec 29, 2023 | Jan 01, 2024 |
| Initiation of Refunds (Tentative) | Jan 01, 2024 | Jan 02, 2024 |
| Credit of Share (Tentative) | Jan 01, 2024 | Jan 02, 2024 |
| Listing date (Tentative) | Jan 02, 2024 | Jan 03, 2024 |
| Anchor Lockin End date 1 | | Jan 31, 2024 |
| Anchor Lockin End date 2 | | Mar 31, 2024 |
Financials & KPIs
AIK Pipes IPO P/E ratio is 21.54, as compared to Akanksha Power IPO P/E ratio of 24.02.
Shares Offered
In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Akanksha Power IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and 9,48,000 shares in Akanksha Power IPO.
| | AIK Pipes IPO | Akanksha Power IPO |
|---|
| Anchor Investor Reservation | | 14,18,000 shares |
| Market Maker Reservation | 84,800 shares | 2,60,000 shares |
| QIB | | 9,48,000 shares |
| NII | 8,01,600 shares | 7,12,000 shares |
| RII | 8,01,600 shares | 16,60,000 shares |
| Employee | | |
| Others | | |
| Total | 16,03,200 shares | 47,38,000 shares |
Bids Received (Subscription)
AIK Pipes IPO subscribed 43.57x in total, whereas Akanksha Power IPO subscribed 117.39x.
