Akshar Spintex IPO vs E2E Networks IPO

Comparison between Akshar Spintex IPO and E2E Networks IPO.

IPO Details

Akshar Spintex IPO is a SME Fixed Price IPO proposed to list at BSE SME while E2E Networks 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 E2E Networks IPO is up to ₹20.88 Cr. The final issue price of Akshar Spintex IPO is ₹40.00 per share and of E2E Networks IPO is ₹57.00 per share.

 Akshar Spintex IPOE2E Networks IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹40.00 per share₹57.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares2000 shares
Fresh Issue Size6,54,000 shares25,56,000 shares
Fresh Issue Size (Amount)up to ₹2.62 Crup to ₹14.57 Cr
OFS Issue Size57,48,000 shares11,08,000 shares
OFS Issue Size (Amount)up to ₹22.99 Crup to ₹6.32 Cr
Issue Size Total64,02,000 shares36,64,000 shares
Issue Size Total (Amount)up to ₹25.61 Crup to ₹20.88 Cr

IPO Timetable

Akshar Spintex IPO opens on Apr 27, 2018, while E2E Networks IPO opens on May 03, 2018. The closing date of Akshar Spintex IPO and E2E Networks IPO is May 03, 2018, and May 07, 2018, respectively.

 Akshar Spintex IPOE2E Networks IPO
Issue OpenApr 27, 2018May 03, 2018
Issue CloseMay 03, 2018May 07, 2018
Basis Of Allotment (Tentative)May 08, 2018May 10, 2018
Listing date (Tentative)May 11, 2018May 15, 2018

Financials & KPIs

Akshar Spintex IPO P/E ratio is , as compared to E2E Networks IPO P/E ratio of .

 Akshar Spintex IPOE2E Networks 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)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets22.9815.7213.637.96
Total Income27.2129.5321.479.93
Profit After Tax5.264.212.220.84
NET Worth16.2310.976.754.53
Reserves and Surplus15.8610.606.384.16
Total Borrowing1.512.571.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)63.23%67.51%
Promoter Shareholding (Post-Issue)46.06%54.47%
Market Cap₹100.00 Cr.₹81.20 Cr.

Shares Offered

In the Akshar Spintex IPO Retail Individual Investors (RII) are offered 32,01,000 shares while in E2E Networks 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 E2E Networks IPO.

 Akshar Spintex IPOE2E Networks IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,45,000 shares1,94,000 shares
QIB0 shares0 shares
NII32,01,000 shares18,32,000 shares
RII32,01,000 shares18,32,000 shares
Employee0 shares0 shares
Total64,02,000 shares36,64,000 shares

Bids Received (Subscription)

Akshar Spintex IPO subscribed 5.48x in total, whereas E2E Networks IPO subscribed 72.11x.

 Akshar Spintex IPOE2E Networks IPO
NII (times)1.71x130.82x
RII (times)9.24x13.39x
Total (times)5.48x72.11x

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