Comparison between Abha Power IPO and Apex Ecotech IPO.
Abha Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Apex Ecotech IPO is a SME Bookbuilding proposed to list at NSE SME.
| Abha Power IPO | Apex Ecotech IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Share India Capital Services Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Share India Securities 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 Abha Power IPO is up to ₹36.58 Cr whereas the issue size of the Apex Ecotech IPO is up to ₹24.08 Cr. The final issue price of Abha Power IPO is ₹75.00 per share and of Apex Ecotech IPO is ₹73.00 per share.
| Abha Power IPO | Apex Ecotech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹71.00 per share | |
| Issue Price (Upper) | ₹73.00 per share | |
| Issue Price (Final) | ₹75.00 per share | ₹73.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1600 shares |
| Fresh Issue Size | 38,76,800 shares | 32,99,200 shares |
| Fresh Issue Size (Amount) | up to ₹29.08 Cr | up to ₹24.08 Cr |
| OFS Issue Size | 10,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.50 Cr | up to ₹0.00 Cr |
| Issue Size Total | 48,76,800 shares | 32,99,200 shares |
| Issue Size Total (Amount) | up to ₹36.58 Cr | up to ₹24.08 Cr |
Abha Power IPO opens on Nov 27, 2024, while Apex Ecotech IPO opens on Nov 27, 2024. The closing date of Abha Power IPO and Apex Ecotech IPO is Nov 29, 2024, and Nov 29, 2024, respectively.
| Abha Power IPO | Apex Ecotech IPO | |
|---|---|---|
| Anchor Bid Date | Nov 26, 2024 | |
| Issue Open | Nov 27, 2024 | Nov 27, 2024 |
| Issue Close | Nov 29, 2024 | Nov 29, 2024 |
| Basis Of Allotment (Tentative) | Dec 02, 2024 | Dec 02, 2024 |
| Initiation of Refunds (Tentative) | Dec 03, 2024 | Dec 03, 2024 |
| Credit of Share (Tentative) | Dec 03, 2024 | Dec 03, 2024 |
| Listing date (Tentative) | Dec 04, 2024 | Dec 04, 2024 |
| Anchor Lockin End date 1 | Dec 31, 2024 | |
| Anchor Lockin End date 2 | Mar 01, 2025 |
Abha Power IPO P/E ratio is 28.65, as compared to Apex Ecotech IPO P/E ratio of 10.66.
| Abha Power IPO | Apex Ecotech IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Abha Power and Steel Limited Financial Information (Restated)Abha Power and Steel Limited's revenue decreased by -6% and profit after tax (PAT) rose by 170% between the financial year ending with March 31, 2024 and March 31, 2023.
| Apex Ecotech Limited Financial Information (Restated Standalone)Apex Ecotech Limited's revenue increased by 53.1% and profit after tax (PAT) rose by 88.31% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 100 | 94.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.35 | 69.29 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.65 | 10.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹139.41 Cr. | ₹96.25 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.17% | 10.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.64% | 12.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.35 | 0.07 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.62 | ₹6.85 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 24.17% | 10.01% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Abha Power IPO Retail Individual Investors (RII) are offered 24,38,400 shares while in Apex Ecotech IPO retail investors are offered 24,38,400 shares. Qualified Institutional Buyers (QIB) are offered in Abha Power IPO and 6,59,200 shares in Apex Ecotech IPO.
| Abha Power IPO | Apex Ecotech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 9,88,800 shares | |
| Market Maker Reserveration | 2,62,400 shares | 2,00,000 shares |
| QIB | 6,59,200 shares | |
| NII | 24,38,400 shares | 4,96,000 shares |
| RII | 24,38,400 shares | 11,55,200 shares |
| Employee | ||
| Others | ||
| Total | 48,76,800 shares | 32,99,200 shares |
Abha Power IPO subscribed 18.00x in total, whereas Apex Ecotech IPO subscribed 457.07x.
| Abha Power IPO | Apex Ecotech IPO | |
|---|---|---|
| QIB (times) | 136.69x | |
| NII (times) | 10.07x | 1,179.62x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 24.93x | 329.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 18.00x | 457.07x |
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