Ashapura Logistics IPO vs Esprit Stones IPO

Comparison between Ashapura Logistics IPO and Esprit Stones IPO.

IPO Details

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

	Ashapura Logistics IPO	Esprit Stones IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Srujan Alpha Capital Advisors LLP
Registrar	Kfin Technologies Ltd.	MUFG Intime India Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Choice Equity Broking 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 Ashapura Logistics IPO is up to ₹50.03 Cr whereas the issue size of the Esprit Stones IPO is up to ₹47.82 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Esprit Stones IPO is ₹87.00 per share.

	Ashapura Logistics IPO	Esprit Stones IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹136.00 per share	₹82.00 per share
Issue Price (Upper)	₹144.00 per share	₹87.00 per share
Issue Price (Final)	₹144.00 per share	₹87.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹5.00 per share
Market Lot Size	1000 shares	1600 shares
Fresh Issue Size	34,74,000 shares	55,04,000 shares
Fresh Issue Size (Amount)	up to ₹50.03 Cr	up to ₹47.82 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	34,74,000 shares	55,04,000 shares
Issue Size Total (Amount)	up to ₹50.03 Cr	up to ₹47.82 Cr

IPO Timetable

Ashapura Logistics IPO opens on Jul 30, 2024, while Esprit Stones IPO opens on Jul 26, 2024. The closing date of Ashapura Logistics IPO and Esprit Stones IPO is Aug 01, 2024, and Jul 30, 2024, respectively.

	Ashapura Logistics IPO	Esprit Stones IPO
Anchor Bid Date	Jul 29, 2024	Jul 25, 2024
Issue Open	Jul 30, 2024	Jul 26, 2024
Issue Close	Aug 01, 2024	Jul 30, 2024
Basis Of Allotment (Tentative)	Aug 02, 2024	Jul 31, 2024
Initiation of Refunds (Tentative)	Aug 05, 2024	Aug 01, 2024
Credit of Share (Tentative)	Aug 05, 2024	Aug 01, 2024
Listing date (Tentative)	Aug 06, 2024	Aug 02, 2024
Anchor Lockin End date 1	Sep 01, 2024	Aug 30, 2024
Anchor Lockin End date 2	Oct 31, 2024	Oct 29, 2024

Financials & KPIs

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Esprit Stones IPO P/E ratio of 13.62.

Ashapura Logistics IPO

Esprit Stones 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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,644.88	10,461.66	11,568.76
Total Income	19,934.57	22,260.31	22,713.84
Profit After Tax	1,235.44	946.98	788.26
Net Worth	6,532.31	4,796.60	3,852.04
Reserves and Surplus	5,542.40	4,759.80	3,815.32
Total Borrowing	12.90	9.87	8.17
Amount in ₹ Lakhs

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% 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	27,459.35	23,802.24	18,069.74
Total Income	27,477.82	17,606.52	19,002.60
Profit After Tax	1,031.73	355.72	1,850.53
Net Worth	7,238.80	6,227.81	5,893.32
Reserves and Surplus	5,623.80	5,277.81	4,943.32
Total Borrowing	12,541.91	11,879.55	5,799.76
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.45

100.00

Promoter Shareholding (Post-Issue)

67.51

P/E Ratio

11.54

13.62

Market Cap

₹195.21 Cr.

₹190.92 Cr.

ROE

21.82%

ROCE

20.69%

12.39%

Debt/Equity

0.63

1.72

EPS

₹12.48

₹6.39

RoNW

18.92%

15.09%

Shares Offered

In the Ashapura Logistics IPO Retail Individual Investors (RII) are offered 12,16,000 shares while in Esprit Stones IPO retail investors are offered 12,16,000 shares. Qualified Institutional Buyers (QIB) are offered 6,96,000 shares in Ashapura Logistics IPO and 10,75,200 shares in Esprit Stones IPO.

	Ashapura Logistics IPO	Esprit Stones IPO
Anchor Investor Reserveration	10,40,000 shares	16,12,800 shares
Market Maker Reserveration	1,83,000 shares	2,91,200 shares
QIB	6,96,000 shares	10,75,200 shares
NII	5,22,000 shares	8,06,400 shares
RII	12,16,000 shares	18,81,600 shares
Employee		1,28,000 shares
Others
Total	34,74,000 shares	55,04,000 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Esprit Stones IPO subscribed 185.82x.

	Ashapura Logistics IPO	Esprit Stones IPO
QIB (times)	128.23x	117.63x
NII (times)	289.33x	399.58x
Big NII (times)
Small NII (times)
RII (times)	174.21x	145.75x
Employee (times)
Other (times)
Total (times)	185.75x	185.82x

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