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Akanksha Power IPO vs IBL Finance IPO

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.

 Akanksha Power IPOIBL Finance IPO
LogoAkanksha Power IPO LogoIBL Finance IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersNarnolia Financial Services Ltd.Fedex Securities Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Market-Hub Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

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.

 Akanksha Power IPOIBL 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 Size2000 shares2000 shares
Fresh Issue Size47,38,000 shares62,20,000 shares
Fresh Issue Size (Amount)up to ₹26.06 Crup to ₹31.72 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total47,38,000 shares62,20,000 shares
Issue Size Total (Amount)up to ₹26.06 Crup to ₹31.72 Cr

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 IPOIBL Finance IPO
Anchor Bid DateDec 26, 2023
Issue OpenDec 27, 2023Jan 09, 2024
Issue CloseDec 29, 2023Jan 11, 2024
Basis Of Allotment (Tentative)Jan 01, 2024Jan 12, 2024
Initiation of Refunds (Tentative)Jan 02, 2024Jan 15, 2024
Credit of Share (Tentative)Jan 02, 2024Jan 15, 2024
Listing date (Tentative)Jan 03, 2024Jan 16, 2024
Anchor Lockin End date 1Jan 31, 2024
Anchor Lockin End date 2Mar 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.

 Akanksha Power IPOIBL Finance IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets55.3147.6338.3937.81
Total Income10.2746.4452.0774.41
Profit After Tax0.712.912.413.92
NET Worth20.7515.9613.0510.65
Reserves and Surplus7.2314.1411.248.83
Total Borrowing17.2315.2810.558.91
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets23.1822.1810.233.39
Total Income4.9313.333.271.13
Profit After Tax1.211.930.43-0.10
NET Worth21.6920.493.553.13
Reserves and Surplus3.5111.400.29-0.13
Total Borrowing0.080.096.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)83.2885.55
Promoter Shareholding (Post-Issue)60.8162.89
P/E Ratio24.0248.08
Market Cap₹101.85 Cr.₹126.13 Cr.
ROE18.20%9.41%
ROCE22.75%18.88%
Debt/Equity0.960.00
EPS₹2.29₹1.06
RoNW18.20%9.41%

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 IPOIBL Finance IPO
Anchor Investor Reservation14,18,000 shares
Market Maker Reservation2,60,000 shares3,30,000 shares
QIB9,48,000 shares
NII7,12,000 shares31,10,000 shares
RII16,60,000 shares31,10,000 shares
Employee
Others
Total47,38,000 shares62,20,000 shares

Bids Received (Subscription)

Akanksha Power IPO subscribed 117.39x in total, whereas IBL Finance IPO subscribed 17.00x.

 Akanksha Power IPOIBL Finance IPO
QIB (times)38.51x
NII (times)238.60x9.94x
Big NII (times)
Small NII (times)
RII (times)110.44x24.03x
Employee (times)
Other (times)
Total (times)117.39x17.00x

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Akanksha Power IPO Vs IBL Finance IPO