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Alpex Solar IPO vs Mayank Cattle Food IPO

Comparison between Alpex Solar IPO and Mayank Cattle Food IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Mayank Cattle Food IPO is a SME Fixed Price proposed to list at BSE SME.

 Alpex Solar IPOMayank Cattle Food IPO
LogoAlpex Solar IPO LogoMayank Cattle Food IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Finshore Management Services Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Cameo Corporate Services Ltd.
Market MakerSS Corporate Securities Ltd.Rikhav Securities 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 Mayank Cattle Food IPO is up to ₹18.47 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Mayank Cattle Food IPO is ₹108.00 per share.

 Alpex Solar IPOMayank Cattle Food 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₹108.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size61,56,000 shares17,10,000 shares
Fresh Issue Size (Amount)up to ₹70.79 Crup to ₹18.47 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,56,000 shares17,10,000 shares
Issue Size Total (Amount)up to ₹70.79 Crup to ₹18.47 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Mayank Cattle Food IPO opens on Jan 29, 2024. The closing date of Alpex Solar IPO and Mayank Cattle Food IPO is Feb 12, 2024, and Jan 31, 2024, respectively.

 Alpex Solar IPOMayank Cattle Food IPO
Anchor Bid DateFeb 07, 2024
Issue OpenFeb 08, 2024Jan 29, 2024
Issue CloseFeb 12, 2024Jan 31, 2024
Basis Of Allotment (Tentative)Feb 13, 2024Feb 01, 2024
Initiation of Refunds (Tentative)Feb 14, 2024Feb 02, 2024
Credit of Share (Tentative)Feb 14, 2024Feb 02, 2024
Listing date (Tentative)Feb 15, 2024Feb 05, 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 Mayank Cattle Food IPO P/E ratio of 29.58.

 Alpex Solar IPOMayank Cattle Food 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

Mayank Cattle Food Limited Financial Information (Restated)

Mayank Cattle Food Limited's revenue decreased by -4.15% and profit after tax (PAT) rose by 64.45% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,122.444,893.644,163.853,433.62
Total Income7,527.1530,958.1432,300.1718,652.89
Profit After Tax57.37131.4379.9271.81
Net Worth533.37475.99344.56264.63
Reserves and Surplus173.37455.99324.56244.63
Total Borrowing3,788.353,961.003,163.532,531.49
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)93.5397.50
Promoter Shareholding (Post-Issue)68.7665.00
P/E Ratio54.6629.58
Market Cap₹281.44 Cr.₹58.32 Cr.
ROE9.55%32%
ROCE18.81%11.27%
Debt/Equity1.149.13
EPS₹2.10₹3.65
RoNW9.55%27.61%

Shares Offered

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

 Alpex Solar IPOMayank Cattle Food IPO
Anchor Investor Reserveration18,45,600 shares
Market Maker Reserveration3,24,000 shares90,000 shares
QIB12,31,200 shares
NII9,24,000 shares8,54,400 shares
RII21,55,200 shares8,55,600 shares
Employee
Others
Total61,56,000 shares17,10,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Mayank Cattle Food IPO subscribed 8.83x.

 Alpex Solar IPOMayank Cattle Food IPO
QIB (times)141.48x
NII (times)502.31x5.90x
Big NII (times)
Small NII (times)
RII (times)351.89x11.77x
Employee (times)
Other (times)
Total (times)324.03x8.83x