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Aakash Exploration IPO vs Akshar Spintex IPO

Comparison between Aakash Exploration IPO and Akshar Spintex IPO.

IPO Details

Aakash Exploration IPO is a SME Fixed Price IPO proposed to list at NSE SME while Akshar Spintex IPO is a SME Fixed Price proposed to list at BSE SME.

 Aakash Exploration IPOAkshar Spintex IPO
LogoAakash Exploration IPO LogoAkshar Spintex IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersMonarch Networth Capital Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerMonarch Networth Capital Ltd.Pantomath Stock Brokers Pvt.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 Aakash Exploration IPO is up to ₹9.58 Cr whereas the issue size of the Akshar Spintex IPO is up to ₹25.61 Cr. The final issue price of Aakash Exploration IPO is ₹56.00 per share and of Akshar Spintex IPO is ₹40.00 per share.

 Aakash Exploration IPOAkshar Spintex IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹56.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size17,10,000 shares6,54,000 shares
Fresh Issue Size (Amount)up to ₹9.58 Crup to ₹2.62 Cr
OFS Issue Size0 shares57,48,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹22.99 Cr
Issue Size Total17,10,000 shares64,02,000 shares
Issue Size Total (Amount)up to ₹9.58 Crup to ₹25.61 Cr

IPO Timetable

Aakash Exploration IPO opens on Apr 17, 2018, while Akshar Spintex IPO opens on Apr 27, 2018. The closing date of Aakash Exploration IPO and Akshar Spintex IPO is Apr 19, 2018, and May 03, 2018, respectively.

 Aakash Exploration IPOAkshar Spintex IPO
Issue OpenApr 17, 2018Apr 27, 2018
Issue CloseApr 19, 2018May 03, 2018
Basis Of Allotment (Tentative)Apr 24, 2018May 08, 2018
Initiation of Refunds (Tentative)Apr 25, 2018
Credit of Share (Tentative)Apr 26, 2018
Listing date (Tentative)Apr 27, 2018May 11, 2018

Financials & KPIs

Aakash Exploration IPO P/E ratio is , as compared to Akshar Spintex IPO P/E ratio of .

 Aakash Exploration IPOAkshar Spintex IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets40.2633.8231.3125.49
Total Income31.1533.5824.9123.05
Profit After Tax0.681.100.441.01
NET Worth17.6616.9715.926.78
Reserves and Surplus12.7112.0210.924.78
Total Borrowing13.7812.3111.2413.14
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Oct 201731 Mar 201731 Mar 201631 Mar 2015
Assets91.9882.1974.8870.30
Total Income55.6090.3959.8415.62
Profit After Tax2.795.392.67-0.51
NET Worth34.3331.5426.1619.50
Reserves and Surplus10.337.542.16-0.51
Total Borrowing35.5036.1938.3541.40
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%63.23%
Promoter Shareholding (Post-Issue)73.32%46.06%
Market Cap₹37.80 Cr.₹100.00 Cr.

Shares Offered

In the Aakash Exploration IPO Retail Individual Investors (RII) are offered 8,55,000 shares while in Akshar Spintex IPO retail investors are offered 8,55,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Aakash Exploration IPO and 0 shares in Akshar Spintex IPO.

 Aakash Exploration IPOAkshar Spintex IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation90,000 shares3,45,000 shares
QIB0 shares0 shares
NII8,55,000 shares32,01,000 shares
RII8,55,000 shares32,01,000 shares
Employee0 shares0 shares
Total17,10,000 shares64,02,000 shares

Bids Received (Subscription)

Aakash Exploration IPO subscribed 1.48x in total, whereas Akshar Spintex IPO subscribed 5.48x.

 Aakash Exploration IPOAkshar Spintex IPO
NII (times)1.59x1.71x
RII (times)1.38x9.24x
Total (times)1.48x5.48x

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Compare:

Aakash Exploration IPO Vs Akshar Spintex IPO