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Airan IPO vs Akash Infra-Projects IPO

Comparison between Airan IPO and Akash Infra-Projects IPO.

IPO Details

Airan IPO is a SME Fixed Price IPO proposed to list at NSE SME while Akash Infra-Projects IPO is a SME Fixed Price proposed to list at NSE SME.

 Airan IPOAkash Infra-Projects IPO
LogoAiran IPO LogoAkash Infra-Projects IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Tipsons Consultancy Services Pvt.Ltd.
RegistrarKfin Technologies Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerBeeline Broking Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Airan IPO is up to ₹14.09 Cr whereas the issue size of the Akash Infra-Projects IPO is up to ₹24.15 Cr. The final issue price of Airan IPO is ₹45.00 per share and of Akash Infra-Projects IPO is ₹125.00 per share.

 Airan IPOAkash Infra-Projects IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹45.00 per share₹125.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares1000 shares
Fresh Issue Size31,32,000 shares11,59,200 shares
Fresh Issue Size (Amount)up to ₹14.09 Crup to ₹14.49 Cr
OFS Issue Size0 shares7,72,800 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹9.66 Cr
Issue Size Total31,32,000 shares19,32,000 shares
Issue Size Total (Amount)up to ₹14.09 Crup to ₹24.15 Cr

IPO Timetable

Airan IPO opens on Mar 14, 2017, while Akash Infra-Projects IPO opens on Feb 28, 2017. The closing date of Airan IPO and Akash Infra-Projects IPO is Mar 16, 2017, and Mar 06, 2017, respectively.

 Airan IPOAkash Infra-Projects IPO
Issue OpenMar 14, 2017Feb 28, 2017
Issue CloseMar 16, 2017Mar 06, 2017
Basis Of Allotment (Tentative)Mar 21, 2017
Listing date (Tentative)Mar 24, 2017Mar 15, 2017

Financials & KPIs

Airan IPO P/E ratio is , as compared to Akash Infra-Projects IPO P/E ratio of .

 Airan IPOAkash Infra-Projects IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Oct 201631 Mar 201631 Mar 201531 Mar 2014
Assets37.1730.5329.8022.87
Total Income17.4126.8819.5814.57
Profit After Tax1.291.450.810.86
NET Worth20.1518.8617.4116.72
Reserves and Surplus15.5514.2612.8112.12
Total Borrowing13.478.439.913.90
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Aug 201631 Mar 201631 Mar 201531 Mar 2014
Assets76.5970.0282.3882.64
Total Income20.3874.6986.80141.74
Profit After Tax0.833.895.179.74
NET Worth51.2150.3947.0542.66
Reserves and Surplus44.8945.6442.3137.92
Total Borrowing13.179.3723.0420.08
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%98.85%
Promoter Shareholding (Post-Issue)73.60%72.16%
Market Cap₹56.26 Cr.₹94.85 Cr.

Shares Offered

In the Airan IPO Retail Individual Investors (RII) are offered 15,66,000 shares while in Akash Infra-Projects IPO retail investors are offered 15,66,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Airan IPO and in Akash Infra-Projects IPO.

 Airan IPOAkash Infra-Projects IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,68,000 shares1,08,000 shares
QIB0 shares
NII15,66,000 shares9,66,000 shares
RII15,66,000 shares9,66,000 shares
Employee0 shares
Total31,32,000 shares19,32,000 shares

Bids Received (Subscription)

Airan IPO subscribed 29.60x in total, whereas Akash Infra-Projects IPO subscribed 1.96x.

 Airan IPOAkash Infra-Projects IPO
NII (times)21.88x2.04x
RII (times)37.32x1.88x
Total (times)29.60x1.96x

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Compare:

Airan IPO Vs Akash Infra-Projects IPO