Aprameya Engineering IPO vs Chetana Education IPO

Comparison between Aprameya Engineering IPO and Chetana Education IPO.

IPO Details

Aprameya Engineering IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Chetana Education IPO is a SME Bookbuilding proposed to list at NSE SME.

	Aprameya Engineering IPO	Chetana Education IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Hem Securities Ltd.	Hem Securities Ltd.
Registrar	MUFG Intime India Pvt.Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Hem Finlease Pvt.Ltd.	Hem Finlease Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aprameya Engineering IPO is up to ₹27.76 Cr whereas the issue size of the Chetana Education IPO is up to ₹43.57 Cr. The final issue price of Aprameya Engineering IPO is ₹58.00 per share and of Chetana Education IPO is ₹85.00 per share.

	Aprameya Engineering IPO	Chetana Education IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹56.00 per share	₹80.00 per share
Issue Price (Upper)	₹58.00 per share	₹85.00 per share
Issue Price (Final)	₹58.00 per share	₹85.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	47,86,000 shares	51,26,400 shares
Fresh Issue Size (Amount)	up to ₹27.76 Cr	up to ₹43.57 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	47,86,000 shares	51,26,400 shares
Issue Size Total (Amount)	up to ₹27.76 Cr	up to ₹43.57 Cr

IPO Timetable

Aprameya Engineering IPO opens on Jul 25, 2024, while Chetana Education IPO opens on Jul 24, 2024. The closing date of Aprameya Engineering IPO and Chetana Education IPO is Jul 29, 2024, and Jul 26, 2024, respectively.

	Aprameya Engineering IPO	Chetana Education IPO
Anchor Bid Date	Jul 24, 2024	Jul 23, 2024
Issue Open	Jul 25, 2024	Jul 24, 2024
Issue Close	Jul 29, 2024	Jul 26, 2024
Basis Of Allotment (Tentative)	Jul 30, 2024	Jul 29, 2024
Initiation of Refunds (Tentative)	Jul 31, 2024	Jul 30, 2024
Credit of Share (Tentative)	Jul 31, 2024	Jul 30, 2024
Listing date (Tentative)	Aug 01, 2024	Jul 31, 2024
Anchor Lockin End date 1	Aug 29, 2024	Aug 28, 2024
Anchor Lockin End date 2	Oct 28, 2024	Oct 27, 2024

Financials & KPIs

Aprameya Engineering IPO P/E ratio is 23.49, as compared to Chetana Education IPO P/E ratio of 10.59.

Aprameya Engineering IPO

Chetana Education IPO

Financials

Aprameya Engineering Limited Financial Information (Restated)

Aprameya Engineering Limited's revenue decreased by -16.23% and profit after tax (PAT) dropped by -35.62% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	7,560.42	6,189.03	4,870.84
Total Income	6,562.22	7,833.35	20,026.16
Profit After Tax	345.67	536.92	1,661.91
Net Worth	2,336.76	1,992.49	1,452.94
Reserves and Surplus	936.76	592.49	752.94
Total Borrowing	4,204.83	2,873.95	1,368.28
Amount in ₹ Lakhs

Chetana Education Limited Financial Information (Restated Standalone)

Chetana Education Limited's revenue increased by 23.89% and profit after tax (PAT) rose by 75.57% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,475.09	8,315.08	7,605.82	6,825.10
Total Income	9,367.06	7,560.77	4,312.21	3,270.96
Profit After Tax	1,203.47	685.47	168.06	280.30
Net Worth	2,524.55	2,281.92	1,947.33	2,091.10
Reserves and Surplus	1,024.55
Total Borrowing	5,128.73	4,299.50	3,876.03	3,487.85
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

Promoter Shareholding (Post-Issue)

73.53

P/E Ratio

23.49

10.59

Market Cap

₹110.43 Cr.

₹173.40 Cr.

ROE

15.97%

50.08%

ROCE

9.60%

26.87%

Debt/Equity

1.80

EPS

₹2.47

₹8.02

RoNW

14.79%

47.67%

Shares Offered

In the Aprameya Engineering IPO Retail Individual Investors (RII) are offered 16,76,000 shares while in Chetana Education IPO retail investors are offered 16,76,000 shares. Qualified Institutional Buyers (QIB) are offered 9,58,000 shares in Aprameya Engineering IPO and 10,25,600 shares in Chetana Education IPO.

	Aprameya Engineering IPO	Chetana Education IPO
Anchor Investor Reserveration	14,34,000 shares	15,36,000 shares
Market Maker Reserveration	2,54,000 shares	2,73,600 shares
QIB	9,58,000 shares	10,25,600 shares
NII	7,18,000 shares	7,69,600 shares
RII	16,76,000 shares	17,95,200 shares
Employee
Others
Total	47,86,000 shares	51,26,400 shares

Bids Received (Subscription)

Aprameya Engineering IPO subscribed 192.57x in total, whereas Chetana Education IPO subscribed 196.87x.

	Aprameya Engineering IPO	Chetana Education IPO
QIB (times)	90.29x	101.22x
NII (times)	339.99x	468.42x
Big NII (times)
Small NII (times)
RII (times)	187.88x	135.11x
Employee (times)
Other (times)
Total (times)	192.57x	196.87x

Compare with others

Aprameya Engineering IPO	Chetana Education IPO
Bulkcorp International IPO	Trom Industries IPO
Sathlokhar Synergys E&C IPO	Esprit Stones IPO
Trom Industries IPO	S A Tech Software IPO
Esprit Stones IPO	Aprameya Engineering IPO
S A Tech Software IPO	Manglam Infra IPO
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V.L.Infraprojects IPO	Macobs Technologies IPO