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Alpex Solar IPO vs Italian Edibles IPO

Comparison between Alpex Solar IPO and Italian Edibles IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Italian Edibles IPO is a SME Fixed Price proposed to list at NSE SME.

 Alpex Solar IPOItalian Edibles IPO
LogoAlpex Solar IPO LogoItalian Edibles IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.First Overseas Capital Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Alpex Solar IPO is up to ₹70.79 Cr whereas the issue size of the Italian Edibles IPO is up to ₹25.30 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Italian Edibles IPO is ₹68.00 per share.

 Alpex Solar IPOItalian Edibles IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹109.00 per share
Issue Price (Upper)₹115.00 per share
Issue Price (Final)₹115.00 per share₹68.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size61,56,000 shares37,20,000 shares
Fresh Issue Size (Amount)up to ₹70.79 Crup to ₹25.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,56,000 shares37,20,000 shares
Issue Size Total (Amount)up to ₹70.79 Crup to ₹25.30 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Italian Edibles IPO opens on Feb 02, 2024. The closing date of Alpex Solar IPO and Italian Edibles IPO is Feb 12, 2024, and Feb 07, 2024, respectively.

 Alpex Solar IPOItalian Edibles IPO
Anchor Bid DateFeb 07, 2024
Issue OpenFeb 08, 2024Feb 02, 2024
Issue CloseFeb 12, 2024Feb 07, 2024
Basis Of Allotment (Tentative)Feb 13, 2024Feb 08, 2024
Initiation of Refunds (Tentative)Feb 14, 2024Feb 09, 2024
Credit of Share (Tentative)Feb 14, 2024Feb 09, 2024
Listing date (Tentative)Feb 15, 2024Feb 12, 2024
Anchor Lockin End date 1Mar 14, 2024
Anchor Lockin End date 2May 13, 2024

Financials & KPIs

Alpex Solar IPO P/E ratio is 54.66, as compared to Italian Edibles IPO P/E ratio of 27.94.

 Alpex Solar IPOItalian Edibles IPO
Financials

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,188.4612,559.6410,003.759,935.35
Total Income21,310.7219,592.0716,853.6214,972.96
Profit After Tax760.58378.5819.42315.23
Net Worth4,906.864,146.293,767.703,748.28
Reserves and Surplus4,307.083,546.513,167.923,148.50
Total Borrowing4,175.154,735.732,669.982,992.68
Amount in ₹ Lakhs

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,824.644,155.243,905.453,946.43
Total Income3,052.166,330.097,545.254,899.44
Profit After Tax209.68264.2180.2186.52
Net Worth1,287.921,078.24814.03583.82
Reserves and Surplus202.21906.82642.60433.82
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)93.53100.00
Promoter Shareholding (Post-Issue)68.7673.47
P/E Ratio54.6627.94
Market Cap₹281.44 Cr.₹100.48 Cr.
ROE9.55%24.50%
ROCE18.81%19.32%
Debt/Equity1.141.60
EPS₹2.10₹2.43
RoNW9.55%24.50%

Shares Offered

In the Alpex Solar IPO Retail Individual Investors (RII) are offered 21,55,200 shares while in Italian Edibles IPO retail investors are offered 21,55,200 shares. Qualified Institutional Buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and in Italian Edibles IPO.

 Alpex Solar IPOItalian Edibles IPO
Anchor Investor Reserveration18,45,600 shares
Market Maker Reserveration3,24,000 shares2,00,000 shares
QIB12,31,200 shares
NII9,24,000 shares18,60,000 shares
RII21,55,200 shares18,60,000 shares
Employee
Others
Total61,56,000 shares37,20,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Italian Edibles IPO subscribed 154.43x.

 Alpex Solar IPOItalian Edibles IPO
QIB (times)141.48x
NII (times)502.31x177.37x
Big NII (times)
Small NII (times)
RII (times)351.89x120.62x
Employee (times)
Other (times)
Total (times)324.03x154.43x