Comparison between Alpex Solar IPO and Polysil Irrigation Systems IPO.
Alpex Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Polysil Irrigation Systems IPO is a SME Fixed Price proposed to list at NSE SME.
| Alpex Solar IPO | Polysil Irrigation Systems 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. | Fedex Securities Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | SS Corporate Securities Ltd. | Market-Hub Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Alpex Solar IPO is up to ₹70.79 Cr whereas the issue size of the Polysil Irrigation Systems IPO is up to ₹16.55 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Polysil Irrigation Systems IPO is ₹54.00 per share.
| Alpex Solar IPO | Polysil Irrigation Systems 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 | ₹54.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1200 shares | 2000 shares |
| Fresh Issue Size | 61,56,000 shares | 12,80,000 shares |
| Fresh Issue Size (Amount) | up to ₹70.79 Cr | up to ₹6.91 Cr |
| OFS Issue Size | 0 shares | 17,84,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹9.63 Cr |
| Issue Size Total | 61,56,000 shares | 30,64,000 shares |
| Issue Size Total (Amount) | up to ₹70.79 Cr | up to ₹16.55 Cr |
Alpex Solar IPO opens on Feb 08, 2024, while Polysil Irrigation Systems IPO opens on Feb 08, 2024. The closing date of Alpex Solar IPO and Polysil Irrigation Systems IPO is Feb 12, 2024, and Feb 13, 2024, respectively.
| Alpex Solar IPO | Polysil Irrigation Systems IPO | |
|---|---|---|
| Anchor Bid Date | Feb 07, 2024 | |
| Issue Open | Feb 08, 2024 | Feb 08, 2024 |
| Issue Close | Feb 12, 2024 | Feb 13, 2024 |
| Basis Of Allotment (Tentative) | Feb 13, 2024 | Feb 14, 2024 |
| Initiation of Refunds (Tentative) | Feb 14, 2024 | Feb 15, 2024 |
| Credit of Share (Tentative) | Feb 14, 2024 | Feb 15, 2024 |
| Listing date (Tentative) | Feb 15, 2024 | Feb 16, 2024 |
| Anchor Lockin End date 1 | Mar 14, 2024 | |
| Anchor Lockin End date 2 | May 13, 2024 |
Alpex Solar IPO P/E ratio is 54.66, as compared to Polysil Irrigation Systems IPO P/E ratio of 47.08.
| Alpex Solar IPO | Polysil Irrigation Systems 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.
| Polysil Irrigation Systems Limited Financial Information (Restated)Polysil Irrigation Systems Limited's revenue increased by 16.6% and profit after tax (PAT) rose by 236.39% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 93.53 | 33.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 68.76 | 29.49 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 54.66 | 47.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹281.44 Cr. | ₹61.24 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 9.55% | 7.39% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.81% | 12.81% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.14 | 1.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.10 | ₹1.15 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 9.55% | 7.39% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Alpex Solar IPO Retail Individual Investors (RII) are offered 21,55,200 shares while in Polysil Irrigation Systems 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 Polysil Irrigation Systems IPO.
| Alpex Solar IPO | Polysil Irrigation Systems IPO | |
|---|---|---|
| Anchor Investor Reserveration | 18,45,600 shares | |
| Market Maker Reserveration | 3,24,000 shares | 1,64,000 shares |
| QIB | 12,31,200 shares | |
| NII | 9,24,000 shares | 15,32,000 shares |
| RII | 21,55,200 shares | 15,32,000 shares |
| Employee | ||
| Others | ||
| Total | 61,56,000 shares | 30,64,000 shares |
Alpex Solar IPO subscribed 324.03x in total, whereas Polysil Irrigation Systems IPO subscribed 6.88x.
| Alpex Solar IPO | Polysil Irrigation Systems IPO | |
|---|---|---|
| QIB (times) | 141.48x | |
| NII (times) | 502.31x | 2.12x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 351.89x | 11.62x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 324.03x | 6.88x |
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