Comparison between Akanksha Power IPO and IBL Finance IPO.
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.
| Akanksha Power IPO | IBL Finance IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Fedex Securities Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Market-Hub Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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.
| Akanksha Power IPO | IBL Finance IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹52.00 per share | |
| Issue Price (Upper) | ₹55.00 per share | |
| Issue Price (Final) | ₹55.00 per share | ₹51.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 47,38,000 shares | 62,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.06 Cr | up to ₹31.72 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 47,38,000 shares | 62,20,000 shares |
| Issue Size Total (Amount) | up to ₹26.06 Cr | up to ₹31.72 Cr |
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 |
Akanksha Power IPO P/E ratio is 24.02, as compared to IBL Finance IPO P/E ratio of 48.08.
| Akanksha Power IPO | IBL Finance IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Akanksha Power and Infrastructure Limited Financial Information (Restated)Akanksha Power and Infrastructure Limited's revenue decreased by -10.8% and profit after tax (PAT) rose by 20.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| IBL Finance Limited Financial Information (Restated)IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 83.28 | 85.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 60.81 | 62.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 24.02 | 48.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹101.85 Cr. | ₹126.13 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 18.20% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 22.75% | 18.88% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.96 | 0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.29 | ₹1.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 18.20% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 Reserveration | 14,18,000 shares | |
| Market Maker Reserveration | 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 |
Akanksha Power IPO subscribed 117.39x in total, whereas IBL Finance IPO subscribed 17.00x.
| Akanksha Power IPO | IBL Finance IPO | |
|---|---|---|
| QIB (times) | 38.51x | |
| NII (times) | 238.60x | 9.94x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 110.44x | 24.03x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 117.39x | 17.00x |
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