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Ashapura Logistics IPO vs Dhariwalcorp IPO

Comparison between Ashapura Logistics IPO and Dhariwalcorp IPO.

IPO Details

Ashapura Logistics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Dhariwalcorp IPO is a SME Bookbuilding proposed to list at NSE SME.

 Ashapura Logistics IPODhariwalcorp IPO
LogoAshapura Logistics IPO LogoDhariwalcorp IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Shreni Shares Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Shreni Shares Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ashapura Logistics IPO is up to ₹50.03 Cr whereas the issue size of the Dhariwalcorp IPO is up to ₹23.84 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Dhariwalcorp IPO is ₹106.00 per share.

 Ashapura Logistics IPODhariwalcorp IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹136.00 per share₹102.00 per share
Issue Price (Upper)₹144.00 per share₹106.00 per share
Issue Price (Final)₹144.00 per share₹106.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares1200 shares
Fresh Issue Size34,74,000 shares22,48,800 shares
Fresh Issue Size (Amount)up to ₹50.03 Crup to ₹23.84 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,74,000 shares22,48,800 shares
Issue Size Total (Amount)up to ₹50.03 Crup to ₹23.84 Cr

IPO Timetable

Ashapura Logistics IPO opens on Jul 30, 2024, while Dhariwalcorp IPO opens on Aug 01, 2024. The closing date of Ashapura Logistics IPO and Dhariwalcorp IPO is Aug 01, 2024, and Aug 05, 2024, respectively.

 Ashapura Logistics IPODhariwalcorp IPO
Anchor Bid DateJul 29, 2024Jul 31, 2024
Issue OpenJul 30, 2024Aug 01, 2024
Issue CloseAug 01, 2024Aug 05, 2024
Basis Of Allotment (Tentative)Aug 02, 2024Aug 06, 2024
Initiation of Refunds (Tentative)Aug 05, 2024Aug 07, 2024
Credit of Share (Tentative)Aug 05, 2024Aug 07, 2024
Listing date (Tentative)Aug 06, 2024Aug 08, 2024
Anchor Lockin End date 1Sep 01, 2024Sep 05, 2024
Anchor Lockin End date 2Oct 31, 2024Nov 04, 2024

Financials & KPIs

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Dhariwalcorp IPO P/E ratio of 15.48.

 Ashapura Logistics IPODhariwalcorp IPO
Financials

Ashapura Logistics Limited Financial Information (Restated Consolidated)

Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets12,644.8810,461.6611,568.76
Total Income19,934.5722,260.3122,713.84
Profit After Tax1,235.44946.98788.26
Net Worth6,532.314,796.603,852.04
Reserves and Surplus5,542.404,759.803,815.32
Total Borrowing12.909.878.17
Amount in ₹ Lakhs

Dhariwalcorp Limited Financial Information (Restated)

Dhariwalcorp Limited's revenue increased by 18.4% and profit after tax (PAT) rose by 653.06% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets2,131.301,961.061,351.04
Total Income23,111.3519,519.4315,920.11
Profit After Tax450.6359.84142.41
Net Worth875.00251.42191.58
Reserves and Surplus217.10241.42181.58
Total Borrowing878.76618.13571.43
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.4599.99
Promoter Shareholding (Post-Issue)67.5173.50
P/E Ratio11.5415.48
Market Cap₹195.21 Cr.₹94.88 Cr.
ROE21.82%51.50%
ROCE20.69%59.80%
Debt/Equity0.631.00
EPS₹12.48₹6.85
RoNW18.92%51.50%

Shares Offered

In the Ashapura Logistics IPO Retail Individual Investors (RII) are offered 12,16,000 shares while in Dhariwalcorp IPO retail investors are offered 12,16,000 shares. Qualified Institutional Buyers (QIB) are offered 6,96,000 shares in Ashapura Logistics IPO and 4,42,800 shares in Dhariwalcorp IPO.

 Ashapura Logistics IPODhariwalcorp IPO
Anchor Investor Reserveration10,40,000 shares6,60,000 shares
Market Maker Reserveration1,83,000 shares1,23,600 shares
QIB6,96,000 shares4,42,800 shares
NII5,22,000 shares3,48,000 shares
RII12,16,000 shares7,98,000 shares
Employee
Others
Total34,74,000 shares22,48,800 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Dhariwalcorp IPO subscribed 174.95x.

 Ashapura Logistics IPODhariwalcorp IPO
QIB (times)128.23x76.93x
NII (times)289.33x279.17x
Big NII (times)
Small NII (times)
RII (times)174.21x183.89x
Employee (times)
Other (times)
Total (times)185.75x174.95x