Comparison between Akanksha Power IPO and IBL Finance IPO.
IPO Details
Akanksha Power IPO is a SME Fixed Price IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price proposed to list at NSE SME.
Issue Size and Price
The total issue size of Akanksha Power IPO is up to ₹26.06 Cr whereas the issue size of the IBL Finance IPO is up to ₹31.72 Cr. The final issue price of Akanksha Power IPO is ₹55.00 per share and of IBL Finance IPO is ₹51.00 per share.
IPO Timetable
Akanksha Power IPO opens on Dec 27, 2023, while IBL Finance IPO opens on Jan 09, 2024. The closing date of Akanksha Power IPO and IBL Finance IPO is Dec 29, 2023, and Jan 11, 2024, respectively.
| | Akanksha Power IPO | IBL Finance IPO |
|---|
| Anchor Bid Date | Dec 26, 2023 | |
| Issue Open | Dec 27, 2023 | Jan 09, 2024 |
| Issue Close | Dec 29, 2023 | Jan 11, 2024 |
| Basis Of Allotment (Tentative) | Jan 01, 2024 | Jan 12, 2024 |
| Initiation of Refunds (Tentative) | Jan 02, 2024 | Jan 15, 2024 |
| Credit of Share (Tentative) | Jan 02, 2024 | Jan 15, 2024 |
| Listing date (Tentative) | Jan 03, 2024 | Jan 16, 2024 |
| Anchor Lockin End date 1 | Jan 31, 2024 | |
| Anchor Lockin End date 2 | Mar 31, 2024 | |
Financials & KPIs
Akanksha Power IPO P/E ratio is 24.02, as compared to IBL Finance IPO P/E ratio of 48.08.
Shares Offered
In the Akanksha Power IPO Retail Individual Investors (RII) are offered 16,60,000 shares while in IBL Finance IPO retail investors are offered 16,60,000 shares. Qualified Institutional Buyers (QIB) are offered 9,48,000 shares in Akanksha Power IPO and in IBL Finance IPO.
| | Akanksha Power IPO | IBL Finance IPO |
|---|
| Anchor Investor Reservation | 14,18,000 shares | |
| Market Maker Reservation | 2,60,000 shares | 3,30,000 shares |
| QIB | 9,48,000 shares | |
| NII | 7,12,000 shares | 31,10,000 shares |
| RII | 16,60,000 shares | 31,10,000 shares |
| Employee | | |
| Others | | |
| Total | 47,38,000 shares | 62,20,000 shares |
Bids Received (Subscription)
Akanksha Power IPO subscribed 117.39x in total, whereas IBL Finance IPO subscribed 17.00x.
