AMBO Agritec IPO vs Droneacharya Aerial IPO

Comparison between AMBO Agritec IPO and Droneacharya Aerial IPO.

IPO Details

AMBO Agritec IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Droneacharya Aerial IPO is a SME Bookbuilding proposed to list at BSE SME.

	AMBO Agritec IPO	Droneacharya Aerial IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	BSE SME
Lead Managers	Finshore Management Services Ltd.	Corporate Capitalventures Pvt.Ltd.
Registrar	Cameo Corporate Services Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Nikunj Stock Brokers Ltd.	R.K.Stock Holding 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 AMBO Agritec IPO is up to ₹9.68 Cr whereas the issue size of the Droneacharya Aerial IPO is up to ₹32.26 Cr. The final issue price of AMBO Agritec IPO is ₹30.00 per share and of Droneacharya Aerial IPO is ₹54.00 per share.

	AMBO Agritec IPO	Droneacharya Aerial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹52.00 per share
Issue Price (Upper)		₹54.00 per share
Issue Price (Final)	₹30.00 per share	₹54.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	4000 shares	2000 shares
Fresh Issue Size	32,28,000 shares	59,74,000 shares
Fresh Issue Size (Amount)	up to ₹9.68 Cr	up to ₹32.26 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	32,28,000 shares	59,74,000 shares
Issue Size Total (Amount)	up to ₹9.68 Cr	up to ₹32.26 Cr

IPO Timetable

AMBO Agritec IPO opens on Nov 21, 2022, while Droneacharya Aerial IPO opens on Dec 13, 2022. The closing date of AMBO Agritec IPO and Droneacharya Aerial IPO is Nov 24, 2022, and Dec 15, 2022, respectively.

	AMBO Agritec IPO	Droneacharya Aerial IPO
Anchor Bid Date		Dec 12, 2022
Issue Open	Nov 21, 2022	Dec 13, 2022
Issue Close	Nov 24, 2022	Dec 15, 2022
Basis Of Allotment (Tentative)	Nov 29, 2022	Dec 20, 2022
Initiation of Refunds (Tentative)	Nov 30, 2022	Dec 21, 2022
Credit of Share (Tentative)	Dec 01, 2022	Dec 22, 2022
Listing date (Tentative)	Dec 02, 2022	Dec 23, 2022
Anchor Lockin End date 1		Jan 19, 2023
Anchor Lockin End date 2		Mar 20, 2023

Financials & KPIs

AMBO Agritec IPO P/E ratio is 14.22, as compared to Droneacharya Aerial IPO P/E ratio of 45.

AMBO Agritec IPO

Droneacharya Aerial IPO

Financials

AMBO Agritec Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2113.76	7428.14	31.99	232.44	57.68	242.56
31-Mar-21	2212.42	4717.31	19.11	251.55	76.79	381.03
31-Mar-22	2553.75	9485.54	119.27	370.82	196.06	406.8
30-Jun-22	2629.73	1621.39	49.58	420.4	245.64	379.01
Amount in ₹ Lakhs

Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2.51	0	-2.3	0.91	0.82
31-Mar-21	119.13	1	-14.89	104.08	1.27
31-Mar-22	1546.52	358.74	40.65	1447.77	46.25
30-Jun-22	3402.62	308.96	72.06	3357.77	1.02
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

94.96

38.23

Promoter Shareholding (Post-Issue)

60.60

28.21

P/E Ratio

14.22

Market Cap

₹28.19 Cr.

₹129.54 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the AMBO Agritec IPO Retail Individual Investors (RII) are offered 16,16,000 shares while in Droneacharya Aerial IPO retail investors are offered 16,16,000 shares. Qualified Institutional Buyers (QIB) are offered in AMBO Agritec IPO and 11,94,000 shares in Droneacharya Aerial IPO.

	AMBO Agritec IPO	Droneacharya Aerial IPO
Anchor Investor Reserveration		17,90,000 shares
Market Maker Reserveration	1,72,000 shares	3,16,000 shares
QIB		11,94,000 shares
NII	16,12,000 shares	8,98,000 shares
RII	16,16,000 shares	20,92,000 shares
Employee
Others
Total	32,28,000 shares	59,74,000 shares

Bids Received (Subscription)

AMBO Agritec IPO subscribed 336.75x in total, whereas Droneacharya Aerial IPO subscribed 243.70x.

	AMBO Agritec IPO	Droneacharya Aerial IPO
QIB (times)		46.21x
NII (times)	323.51x	287.80x
Big NII (times)
Small NII (times)
RII (times)	350.00x	330.82x
Employee (times)
Other (times)
Total (times)	336.75x	243.70x

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