Ahasolar Technologies IPO vs Asarfi Hospital IPO

Comparison between Ahasolar Technologies IPO and Asarfi Hospital IPO.

IPO Details

Ahasolar Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Asarfi Hospital IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ahasolar Technologies IPO is up to ₹12.18 Cr whereas the issue size of the Asarfi Hospital IPO is up to ₹25.58 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Asarfi Hospital IPO is ₹52.00 per share.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹52.00 per share
Issue Price (Final)₹157.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares2000 shares
Fresh Issue Size7,76,000 shares49,20,000 shares
Fresh Issue Size (Amount)up to ₹12.18 Crup to ₹25.58 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total7,76,000 shares49,20,000 shares
Issue Size Total (Amount)up to ₹12.18 Crup to ₹25.58 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Asarfi Hospital IPO opens on Jul 17, 2023. The closing date of Ahasolar Technologies IPO and Asarfi Hospital IPO is Jul 13, 2023, and Jul 19, 2023, respectively.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Anchor Bid DateJul 14, 2023
Issue OpenJul 10, 2023Jul 17, 2023
Issue CloseJul 13, 2023Jul 19, 2023
Basis Of Allotment (Tentative)Jul 18, 2023Jul 24, 2023
Initiation of Refunds (Tentative)Jul 19, 2023Jul 25, 2023
Credit of Share (Tentative)Jul 20, 2023Jul 26, 2023
Listing date (Tentative)Jul 21, 2023Jul 26, 2023
Anchor Lockin End date 1Aug 23, 2023
Anchor Lockin End date 2Oct 22, 2023

Financials & KPIs

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Asarfi Hospital IPO P/E ratio of 12.78.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5.262.370.851.39
Total Income21.0517.151.881.29
Profit After Tax1.760.690.080.02
NET Worth4.050.790.100.02
Reserves and Surplus1.790.780.090.01
Total Borrowing0.000.580.240.23
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 2021
Assets93.4362.7037.29
Total Income73.0366.2054.40
Profit After Tax8.025.733.53
NET Worth41.8422.6316.90
Reserves and Surplus27.3521.3815.65
Total Borrowing17.2011.637.13
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)50.3183.03
Promoter Shareholding (Post-Issue)36.9561.17
P/E Ratio27.4512.78
Market Cap₹48.39 Cr.₹102.32 Cr.
ROE72.9219.16
ROCE63.5319.91
Debt/Equity0.41
EPS₹7.94₹7.58
RoNW43.5419.16

Shares Offered

In the Ahasolar Technologies IPO Retail Individual Investors (RII) are offered 3,88,000 shares while in Asarfi Hospital IPO retail investors are offered 3,88,000 shares. Qualified Institutional Buyers (QIB) are offered in Ahasolar Technologies IPO and 9,84,000 shares in Asarfi Hospital IPO.

 Ahasolar Technologies IPOAsarfi Hospital IPO
Anchor Investor Reservation14,76,000 shares
Market Maker Reservation42,400 shares2,60,000 shares
QIB9,84,000 shares
NII3,88,000 shares7,38,000 shares
RII3,88,000 shares17,22,000 shares
Employee
Others
Total7,76,000 shares49,20,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Asarfi Hospital IPO subscribed 195.14x.

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Ahasolar Technologies IPO Vs Asarfi Hospital IPO