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Akash Infra-Projects IPO vs Sarthak Metals IPO

Comparison between Akash Infra-Projects IPO and Sarthak Metals IPO.

IPO Details

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

 Akash Infra-Projects IPOSarthak Metals IPO
LogoAkash Infra-Projects IPO LogoSarthak Metals IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersTipsons Consultancy Services Pvt.Ltd.Oneview Corporate Advisors Pvt.Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Guiness Securities 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 Akash Infra-Projects IPO is up to ₹24.15 Cr whereas the issue size of the Sarthak Metals IPO is up to ₹10.32 Cr. The final issue price of Akash Infra-Projects IPO is ₹125.00 per share and of Sarthak Metals IPO is ₹30.00 per share.

 Akash Infra-Projects IPOSarthak Metals IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹125.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares4000 shares
Fresh Issue Size11,59,200 shares14,04,000 shares
Fresh Issue Size (Amount)up to ₹14.49 Crup to ₹4.21 Cr
OFS Issue Size7,72,800 shares20,36,000 shares
OFS Issue Size (Amount)up to ₹9.66 Crup to ₹6.11 Cr
Issue Size Total19,32,000 shares34,40,000 shares
Issue Size Total (Amount)up to ₹24.15 Crup to ₹10.32 Cr

IPO Timetable

Akash Infra-Projects IPO opens on Feb 28, 2017, while Sarthak Metals IPO opens on Mar 10, 2017. The closing date of Akash Infra-Projects IPO and Sarthak Metals IPO is Mar 06, 2017, and Mar 17, 2017, respectively.

 Akash Infra-Projects IPOSarthak Metals IPO
Issue OpenFeb 28, 2017Mar 10, 2017
Issue CloseMar 06, 2017Mar 17, 2017
Basis Of Allotment (Tentative)Mar 22, 2017
Listing date (Tentative)Mar 15, 2017Mar 27, 2017

Financials & KPIs

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

 Akash Infra-Projects IPOSarthak Metals IPO
Financials

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

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets55.0148.9947.1840.22
Total Income73.96128.72151.49147.22
Profit After Tax2.473.672.872.60
NET Worth26.7024.2320.5717.74
Reserves and Surplus14.6112.148.485.65
Total Borrowing24.9123.1723.5819.54
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.85%91.75%
Promoter Shareholding (Post-Issue)72.16%69.25%
Market Cap₹94.85 Cr.₹41.07 Cr.

Shares Offered

In the Akash Infra-Projects IPO Retail Individual Investors (RII) are offered 9,66,000 shares while in Sarthak Metals IPO retail investors are offered 9,66,000 shares. Qualified Institutional Buyers (QIB) are offered in Akash Infra-Projects IPO and 0 shares in Sarthak Metals IPO.

 Akash Infra-Projects IPOSarthak Metals IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,08,000 shares1,96,000 shares
QIB0 shares
NII9,66,000 shares17,20,000 shares
RII9,66,000 shares17,20,000 shares
Employee0 shares
Total19,32,000 shares34,40,000 shares

Bids Received (Subscription)

Akash Infra-Projects IPO subscribed 1.96x in total, whereas Sarthak Metals IPO subscribed 2.02x.

 Akash Infra-Projects IPOSarthak Metals IPO
NII (times)2.04x0.00x
RII (times)1.88x0.00x
Total (times)1.96x2.02x

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Compare:

Akash Infra-Projects IPO Vs Sarthak Metals IPO