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Ashapura Logistics IPO vs Kizi Apparels IPO

Comparison between Ashapura Logistics IPO and Kizi Apparels IPO.

IPO Details

Ashapura Logistics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kizi Apparels IPO is a SME Fixed Price proposed to list at BSE SME.

 Ashapura Logistics IPOKizi Apparels IPO
LogoAshapura Logistics IPO LogoKizi Apparels IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Interactive Financial Services Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerSpread X Securities Pvt.Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor 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 Kizi Apparels IPO is up to ₹5.29 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Kizi Apparels IPO is ₹21.00 per share.

 Ashapura Logistics IPOKizi Apparels IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹136.00 per share
Issue Price (Upper)₹144.00 per share
Issue Price (Final)₹144.00 per share₹21.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares6000 shares
Fresh Issue Size34,74,000 shares25,20,000 shares
Fresh Issue Size (Amount)up to ₹50.03 Crup to ₹5.29 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total34,74,000 shares25,20,000 shares
Issue Size Total (Amount)up to ₹50.03 Crup to ₹5.29 Cr

IPO Timetable

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

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

Financials & KPIs

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Kizi Apparels IPO P/E ratio of 15.01.

 Ashapura Logistics IPOKizi Apparels 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

Kizi Apparels Limited Financial Information (Restated)

Kizi Apparels Limited's revenue increased by 30.84% and profit after tax (PAT) rose by 31.36% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets1,340.301,135.10725.14
Total Income2,027.371,549.50539.17
Profit After Tax72.2154.9720.64
Net Worth587.49394.86336.95
Reserves and Surplus71.37
Total Borrowing514.61310.96242.73
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)92.4585.36
Promoter Shareholding (Post-Issue)67.5156.35
P/E Ratio11.5415.01
Market Cap₹195.21 Cr.₹16.42 Cr.
ROE21.82%15%
ROCE20.69%14%
Debt/Equity0.630.88
EPS₹12.48₹1.40
RoNW18.92%12.29%

Shares Offered

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

 Ashapura Logistics IPOKizi Apparels IPO
Anchor Investor Reserveration10,40,000 shares
Market Maker Reserveration1,83,000 shares1,38,000 shares
QIB6,96,000 shares
NII5,22,000 shares12,60,000 shares
RII12,16,000 shares12,60,000 shares
Employee
Others
Total34,74,000 shares25,20,000 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Kizi Apparels IPO subscribed 115.60x.

 Ashapura Logistics IPOKizi Apparels IPO
QIB (times)128.23x
NII (times)289.33x89.58x
Big NII (times)
Small NII (times)
RII (times)174.21x139.62x
Employee (times)
Other (times)
Total (times)185.75x115.60x