Alpex Solar IPO vs Kalahridhaan Trendz IPO

Comparison between Alpex Solar IPO and Kalahridhaan Trendz IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kalahridhaan Trendz IPO is a SME Fixed Price proposed to list at NSE SME.

	Alpex Solar IPO	Kalahridhaan Trendz IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Fixed Price
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Interactive Financial Services Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	SS Corporate Securities Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO 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 Kalahridhaan Trendz IPO is up to ₹21.36 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Kalahridhaan Trendz IPO is ₹45.00 per share.

	Alpex Solar IPO	Kalahridhaan Trendz 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	₹45.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1200 shares	3000 shares
Fresh Issue Size	61,56,000 shares	47,46,000 shares
Fresh Issue Size (Amount)	up to ₹70.79 Cr	up to ₹21.36 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	61,56,000 shares	47,46,000 shares
Issue Size Total (Amount)	up to ₹70.79 Cr	up to ₹21.36 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Kalahridhaan Trendz IPO opens on Feb 15, 2024. The closing date of Alpex Solar IPO and Kalahridhaan Trendz IPO is Feb 12, 2024, and Feb 20, 2024, respectively.

	Alpex Solar IPO	Kalahridhaan Trendz IPO
Anchor Bid Date	Feb 07, 2024
Issue Open	Feb 08, 2024	Feb 15, 2024
Issue Close	Feb 12, 2024	Feb 20, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Feb 21, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 22, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 22, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 23, 2024
Anchor Lockin End date 1	Mar 14, 2024
Anchor Lockin End date 2	May 13, 2024

Financials & KPIs

Alpex Solar IPO P/E ratio is 54.66, as compared to Kalahridhaan Trendz IPO P/E ratio of 8.24.

Alpex Solar IPO

Kalahridhaan Trendz 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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,188.46	12,559.64	10,003.75	9,935.35
Total Income	21,310.72	19,592.07	16,853.62	14,972.96
Profit After Tax	760.58	378.58	19.42	315.23
Net Worth	4,906.86	4,146.29	3,767.70	3,748.28
Reserves and Surplus	4,307.08	3,546.51	3,167.92	3,148.50
Total Borrowing	4,175.15	4,735.73	2,669.98	2,992.68
Amount in ₹ Lakhs

Kalahridhaan Trendz Limited Financial Information (Restated)

Kalahridhaan Trendz Limited's revenue increased by 0.14% and profit after tax (PAT) rose by 170.52% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	10,979.30	10,962.55	10,297.94	5,979.36
Total Income	8,434.54	18,417.01	18,390.46	13,235.91
Profit After Tax	478.72	666.01	246.20	110.54
Net Worth	2,290.94	1,202.78	536.77	290.56
Reserves and Surplus	1,072.04	1,202.78	536.77	290.56
Total Borrowing	6,702.43	6,105.33	5,249.90	3,145.56
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.53

96.22

Promoter Shareholding (Post-Issue)

68.76

68.24

P/E Ratio

54.66

8.24

Market Cap

₹281.44 Cr.

₹77.34 Cr.

ROE

9.55%

42.09%

ROCE

18.81%

17.39%

Debt/Equity

1.14

3.19

EPS

₹2.10

₹5.46

RoNW

9.55%

36.75%

Shares Offered

In the Alpex Solar IPO Retail Individual Investors (RII) are offered 21,55,200 shares while in Kalahridhaan Trendz 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 Kalahridhaan Trendz IPO.

	Alpex Solar IPO	Kalahridhaan Trendz IPO
Anchor Investor Reserveration	18,45,600 shares
Market Maker Reserveration	3,24,000 shares	2,52,000 shares
QIB	12,31,200 shares
NII	9,24,000 shares	23,73,000 shares
RII	21,55,200 shares	23,73,000 shares
Employee
Others
Total	61,56,000 shares	47,46,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Kalahridhaan Trendz IPO subscribed 8.15x.

	Alpex Solar IPO	Kalahridhaan Trendz IPO
QIB (times)	141.48x
NII (times)	502.31x	6.66x
Big NII (times)
Small NII (times)
RII (times)	351.89x	9.63x
Employee (times)
Other (times)
Total (times)	324.03x	8.15x

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