Akshar Spintex IPO vs Bombay Super Hybrid Seeds IPO

Comparison between Akshar Spintex IPO and Bombay Super Hybrid Seeds IPO.

IPO Details

Akshar Spintex IPO is a SME Fixed Price IPO proposed to list at BSE SME while Bombay Super Hybrid Seeds IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Akshar Spintex IPO is up to ₹25.61 Cr whereas the issue size of the Bombay Super Hybrid Seeds IPO is up to ₹9.86 Cr. The final issue price of Akshar Spintex IPO is ₹40.00 per share and of Bombay Super Hybrid Seeds IPO is ₹60.00 per share.

 Akshar Spintex IPOBombay Super Hybrid Seeds IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹40.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size6,54,000 shares16,44,000 shares
Fresh Issue Size (Amount)up to ₹2.62 Crup to ₹9.86 Cr
OFS Issue Size57,48,000 shares0 shares
OFS Issue Size (Amount)up to ₹22.99 Crup to ₹0.00 Cr
Issue Size Total64,02,000 shares16,44,000 shares
Issue Size Total (Amount)up to ₹25.61 Crup to ₹9.86 Cr

IPO Timetable

Akshar Spintex IPO opens on Apr 27, 2018, while Bombay Super Hybrid Seeds IPO opens on Apr 12, 2018. The closing date of Akshar Spintex IPO and Bombay Super Hybrid Seeds IPO is May 03, 2018, and Apr 17, 2018, respectively.

 Akshar Spintex IPOBombay Super Hybrid Seeds IPO
Issue OpenApr 27, 2018Apr 12, 2018
Issue CloseMay 03, 2018Apr 17, 2018
Basis Of Allotment (Tentative)May 08, 2018Apr 20, 2018
Initiation of Refunds (Tentative)Apr 23, 2018
Credit of Share (Tentative)Apr 24, 2018
Listing date (Tentative)May 11, 2018Apr 25, 2018

Financials & KPIs

Akshar Spintex IPO P/E ratio is , as compared to Bombay Super Hybrid Seeds IPO P/E ratio of .

 Akshar Spintex IPOBombay Super Hybrid Seeds IPO
Financials

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

Company Financials (Restated Standalone)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets28.2720.3415.248.39
Total Income72.91109.7063.1331.33
Profit After Tax0.870.800.270.04
NET Worth5.344.473.672.04
Reserves and Surplus1.981.120.320.04
Total Borrowing12.5511.276.975.52
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)63.23%99.38%
Promoter Shareholding (Post-Issue)46.06%73.13%
Market Cap₹100.00 Cr.₹39.35 Cr.

Shares Offered

In the Akshar Spintex IPO Retail Individual Investors (RII) are offered 32,01,000 shares while in Bombay Super Hybrid Seeds IPO retail investors are offered 32,01,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Akshar Spintex IPO and 0 shares in Bombay Super Hybrid Seeds IPO.

 Akshar Spintex IPOBombay Super Hybrid Seeds IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,45,000 shares88,000 shares
QIB0 shares0 shares
NII32,01,000 shares8,22,000 shares
RII32,01,000 shares8,22,000 shares
Employee0 shares0 shares
Total64,02,000 shares16,44,000 shares

Bids Received (Subscription)

Akshar Spintex IPO subscribed 5.48x in total, whereas Bombay Super Hybrid Seeds IPO subscribed 9.50x.

 Akshar Spintex IPOBombay Super Hybrid Seeds IPO
NII (times)1.71x4.56x
RII (times)9.24x14.45x
Total (times)5.48x9.50x

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