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Alphalogic Industries IPO vs Drone Destination IPO

Comparison between Alphalogic Industries IPO and Drone Destination IPO.

IPO Details

Alphalogic Industries IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Drone Destination IPO is a SME Bookbuilding proposed to list at NSE SME.

 Alphalogic Industries IPODrone Destination IPO
LogoAlphalogic Industries IPO LogoDrone Destination IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersFinshore Management Services Ltd.Narnolia Financial Services Ltd.
RegistrarCameo Corporate Services Ltd.Maashitla Securities Pvt.Ltd.
Market MakerNikunj Stock Brokers 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 Alphalogic Industries IPO is up to ₹12.23 Cr whereas the issue size of the Drone Destination IPO is up to ₹40.95 Cr. The final issue price of Alphalogic Industries IPO is ₹96.00 per share and of Drone Destination IPO is ₹65.00 per share.

 Alphalogic Industries IPODrone Destination IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹62.00 per share
Issue Price (Upper)₹65.00 per share
Issue Price (Final)₹96.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares2000 shares
Fresh Issue Size12,74,400 shares63,00,000 shares
Fresh Issue Size (Amount)up to ₹12.23 Crup to ₹40.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total12,74,400 shares63,00,000 shares
Issue Size Total (Amount)up to ₹12.23 Crup to ₹40.95 Cr

IPO Timetable

Alphalogic Industries IPO opens on Jul 03, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of Alphalogic Industries IPO and Drone Destination IPO is Jul 06, 2023, and Jul 13, 2023, respectively.

 Alphalogic Industries IPODrone Destination IPO
Anchor Bid DateJul 06, 2023
Issue OpenJul 03, 2023Jul 07, 2023
Issue CloseJul 06, 2023Jul 13, 2023
Basis Of Allotment (Tentative)Jul 11, 2023Jul 18, 2023
Initiation of Refunds (Tentative)Jul 12, 2023Jul 19, 2023
Credit of Share (Tentative)Jul 13, 2023Jul 20, 2023
Listing date (Tentative)Jul 14, 2023Jul 21, 2023
Anchor Lockin End date 1Aug 17, 2023
Anchor Lockin End date 2Oct 16, 2023

Financials & KPIs

Alphalogic Industries IPO P/E ratio is 22.3, as compared to Drone Destination IPO P/E ratio of 64.35.

 Alphalogic Industries IPODrone Destination IPO
Financials
Alphalogic Industries Limited Financial Information (Restated Standalone)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2176.90322.338.2918.298.2955.75
31-Mar-22373.94784.3330.5185.4665.85168.24
31-Mar-23917.731,823.14219.41433.58402.30370.83
Amount in ₹ Lakhs
Drone Destination Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2196.3439.33-4.562.42-8.589,794.46
31-Mar-22278.30257.1620.7323.1512.15151.09
31-Mar-232,359.331,207.73244.191,757.341,257.34159.17
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)100.0085.14
Promoter Shareholding (Post-Issue)73.6762.31
P/E Ratio22.364.35
Market Cap₹48.91 Cr.₹157.95 Cr.
ROE0.8513.90%
ROCE0.7518.65%
Debt/Equity0.860.06
EPS₹111.53₹25.80
RoNW50.60%13.90%

Shares Offered

In the Alphalogic Industries IPO Retail Individual Investors (RII) are offered 5,71,200 shares while in Drone Destination IPO retail investors are offered 5,71,200 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Alphalogic Industries IPO and 12,60,000 shares in Drone Destination IPO.

 Alphalogic Industries IPODrone Destination IPO
Anchor Investor Reserveration18,88,000 shares
Market Maker Reserveration67,200 shares5,00,000 shares
QIB0 shares12,60,000 shares
NII5,70,000 shares9,46,000 shares
RII5,71,200 shares22,06,000 shares
Employee0 shares
Others
Total12,74,400 shares63,00,000 shares

Bids Received (Subscription)

Alphalogic Industries IPO subscribed 5.34x in total, whereas Drone Destination IPO subscribed 191.65x.

 Alphalogic Industries IPODrone Destination IPO
QIB (times)50.46x
NII (times)4.24x243.85x
Big NII (times)
Small NII (times)
RII (times)5.19x250.09x
Employee (times)
Other (times)
Total (times)5.34x191.65x