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Alkosign IPO vs Safa Systems IPO

Comparison between Alkosign IPO and Safa Systems IPO.

IPO Details

Alkosign IPO is a SME Fixed Price IPO proposed to list at BSE SME while Safa Systems IPO is a SME Fixed Price proposed to list at BSE SME.

 Alkosign IPOSafa Systems IPO
LogoAlkosign IPO LogoSafa Systems IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerShreni Shares Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Alkosign IPO is up to ₹11.53 Cr whereas the issue size of the Safa Systems IPO is up to ₹3.80 Cr. The final issue price of Alkosign IPO is ₹45.00 per share and of Safa Systems IPO is ₹10.00 per share.

 Alkosign IPOSafa Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹45.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares10000 shares
Fresh Issue Size25,62,000 shares38,00,000 shares
Fresh Issue Size (Amount)up to ₹11.53 Crup to ₹3.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,62,000 shares38,00,000 shares
Issue Size Total (Amount)up to ₹11.53 Crup to ₹3.80 Cr

IPO Timetable

Alkosign IPO opens on Jan 18, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Alkosign IPO and Safa Systems IPO is Jan 21, 2022, and Feb 01, 2022, respectively.

 Alkosign IPOSafa Systems IPO
Anchor Bid Date
Issue OpenJan 18, 2022Jan 28, 2022
Issue CloseJan 21, 2022Feb 01, 2022
Basis Of Allotment (Tentative)Jan 27, 2022Feb 04, 2022
Initiation of Refunds (Tentative)Jan 28, 2022Feb 07, 2022
Credit of Share (Tentative)Jan 28, 2022Feb 08, 2022
Listing date (Tentative)Feb 01, 2022Feb 09, 2022
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Alkosign IPO P/E ratio is , as compared to Safa Systems IPO P/E ratio of 29.41.

 Alkosign IPOSafa Systems IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Nov-21 31-Mar-21
Total Assets 227.07 236.62
Total Revenue 59.18 132.77
Profit After Tax - 6.36 6.62
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  7-Oct-21 31-Mar-21 31-Mar-20
Total Assets 446.81 489.28 402.67
Total Revenue 1,451.92 2,086.60 2,552.25
Profit After Tax 2.73 2.93 3.12
Promoter Shareholding (Pre-Issue)100.00100
Promoter Shareholding (Post-Issue)50.4173.47
P/E Ratio29.41
Market Cap₹24.50 Cr.₹15.08 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Alkosign IPO Retail Individual Investors (RII) are offered 12,81,000 shares while in Safa Systems IPO retail investors are offered 12,81,000 shares. Qualified Institutional Buyers (QIB) are offered in Alkosign IPO and in Safa Systems IPO.

 Alkosign IPOSafa Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration1,38,000 shares2,00,000 shares
QIB
NII12,81,000 shares19,00,000 shares
RII12,81,000 shares19,00,000 shares
Employee
Others
Total25,62,000 shares38,00,000 shares

Bids Received (Subscription)

Alkosign IPO subscribed 4.76x in total, whereas Safa Systems IPO subscribed 52.71x.

 Alkosign IPOSafa Systems IPO
QIB (times)
NII (times)3.14x64.61x
Big NII (times)
Small NII (times)
RII (times)6.39x40.81x
Employee (times)
Other (times)
Total (times)4.76x52.71x