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AKI India IPO vs IRIS Clothings IPO

Comparison between AKI India IPO and IRIS Clothings IPO.

IPO Details

AKI India IPO is a SME Fixed Price IPO proposed to list at BSE SME while IRIS Clothings IPO is a SME Fixed Price proposed to list at NSE SME.

 AKI India IPOIRIS Clothings IPO
LogoAKI India IPO LogoIRIS Clothings IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.VC Corporate Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSparkle Securities Solutions Pvt.Ltd.Choice Equity Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of AKI India IPO is up to ₹2.93 Cr whereas the issue size of the IRIS Clothings IPO is up to ₹10.51 Cr. The final issue price of AKI India IPO is ₹11.00 per share and of IRIS Clothings IPO is ₹90.00 per share.

 AKI India IPOIRIS Clothings IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹11.00 per share₹90.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size10000 shares1600 shares
Fresh Issue Size26,60,000 shares11,68,000 shares
Fresh Issue Size (Amount)up to ₹2.93 Crup to ₹10.51 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,60,000 shares11,68,000 shares
Issue Size Total (Amount)up to ₹2.93 Crup to ₹10.51 Cr

IPO Timetable

AKI India IPO opens on Sep 28, 2018, while IRIS Clothings IPO opens on Oct 10, 2018. The closing date of AKI India IPO and IRIS Clothings IPO is Oct 05, 2018, and Oct 12, 2018, respectively.

 AKI India IPOIRIS Clothings IPO
Anchor Bid Date
Issue OpenSep 28, 2018Oct 10, 2018
Issue CloseOct 05, 2018Oct 12, 2018
Basis Of Allotment (Tentative)Oct 17, 2018
Initiation of Refunds (Tentative)Oct 17, 2018
Credit of Share (Tentative)Oct 19, 2018
Listing date (Tentative)Oct 12, 2018Oct 23, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

AKI India IPO P/E ratio is , as compared to IRIS Clothings IPO P/E ratio of .

 AKI India IPOIRIS Clothings IPO
Financials
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,575.64 3,992.77 3,910.23 3,665.68 2,580.79
Total Revenue 4,536.26 4,269.87 4,067.47 3,180.03 1,541.05
Profit After Tax 102.22 15.11 14.26 (63.45) 12.95
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,686.46 4,004.96 3,968.67 3,803.53 2,744.98
Total Revenue 4,912.56 4,345.24 4,236.85 3,501.34 1,821.75
Profit After Tax 110.71 10.56 16.65 (108.07) 1.95
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Jun-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 4,042.83 3,978.58 3,182.40 2,661.01 2,968.46 2,893.88
Total Revenue 1,484.70 5,310.12 4,689.14 3,699.20 3,009.49 2,498.51
Profit After Tax 117.08 337.90 159.73 64.61 24.23 68.08
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the AKI India IPO Retail Individual Investors (RII) are offered 13,30,000 shares while in IRIS Clothings IPO retail investors are offered 13,30,000 shares. Qualified Institutional Buyers (QIB) are offered in AKI India IPO and in IRIS Clothings IPO.

 AKI India IPOIRIS Clothings IPO
Anchor Investor Reserveration
Market Maker Reserveration1,40,000 shares62,400 shares
QIB
NII13,30,000 shares5,84,000 shares
RII13,30,000 shares5,84,000 shares
Employee
Others
Total26,60,000 shares11,68,000 shares

Bids Received (Subscription)

AKI India IPO subscribed 1.56x in total, whereas IRIS Clothings IPO subscribed 1.14x.

 AKI India IPOIRIS Clothings IPO
QIB (times)
NII (times)2.14x2.01x
Big NII (times)
Small NII (times)
RII (times)0.99x0.27x
Employee (times)
Other (times)
Total (times)1.56x1.14x