Ashapura Logistics IPO vs Sathlokhar Synergys E&C IPO

Comparison between Ashapura Logistics IPO and Sathlokhar Synergys E&C IPO.

IPO Details

Ashapura Logistics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Sathlokhar Synergys E&C IPO is a SME Bookbuilding proposed to list at NSE SME.

	Ashapura Logistics IPO	Sathlokhar Synergys E&C 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.	GYR Capital Advisors Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Purva Sharegistry (India) Pvt.Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Giriraj Stock 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 Sathlokhar Synergys E&C IPO is up to ₹84.53 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Sathlokhar Synergys E&C IPO is ₹140.00 per share.

	Ashapura Logistics IPO	Sathlokhar Synergys E&C IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹136.00 per share	₹133.00 per share
Issue Price (Upper)	₹144.00 per share	₹140.00 per share
Issue Price (Final)	₹144.00 per share	₹140.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1000 shares
Fresh Issue Size	34,74,000 shares	60,38,000 shares
Fresh Issue Size (Amount)	up to ₹50.03 Cr	up to ₹84.53 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	60,38,000 shares
Issue Size Total (Amount)	up to ₹50.03 Cr	up to ₹84.53 Cr

IPO Timetable

Ashapura Logistics IPO opens on Jul 30, 2024, while Sathlokhar Synergys E&C IPO opens on Jul 30, 2024. The closing date of Ashapura Logistics IPO and Sathlokhar Synergys E&C IPO is Aug 01, 2024, and Aug 01, 2024, respectively.

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

Financials & KPIs

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Sathlokhar Synergys E&C IPO P/E ratio of 9.35.

Ashapura Logistics IPO

Sathlokhar Synergys E&C 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

Sathlokhar Synergys E&C Global Limited Financial Information (Restated)

Sathlokhar Synergys E&C Global Limited's revenue increased by 183.77% and profit after tax (PAT) rose by 380.51% 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	10,482.58	4,782.28	4,627.77
Total Income	24,732.09	8,715.66	5,851.51
Profit After Tax	2,621.43	545.55	87.87
Net Worth	4,053.08	1,431.65	886.10
Reserves and Surplus	3,853.09	1,231.66	686.11
Total Borrowing	7.92	612.19	677.14
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.45

86.49

Promoter Shareholding (Post-Issue)

67.51

P/E Ratio

11.54

9.35

Market Cap

₹195.21 Cr.

₹337.93 Cr.

ROE

21.82%

ROCE

20.69%

87.33%

Debt/Equity

0.63

EPS

₹12.48

₹14.98

RoNW

18.92%

64.68%

Shares Offered

In the Ashapura Logistics IPO Retail Individual Investors (RII) are offered 12,16,000 shares while in Sathlokhar Synergys E&C IPO retail investors are offered 12,16,000 shares. Qualified Institutional Buyers (QIB) are offered 6,96,000 shares in Ashapura Logistics IPO and 12,08,000 shares in Sathlokhar Synergys E&C IPO.

	Ashapura Logistics IPO	Sathlokhar Synergys E&C IPO
Anchor Investor Reserveration	10,40,000 shares	18,10,000 shares
Market Maker Reserveration	1,83,000 shares	6,00,000 shares
QIB	6,96,000 shares	12,08,000 shares
NII	5,22,000 shares	9,06,000 shares
RII	12,16,000 shares	21,14,000 shares
Employee
Others
Total	34,74,000 shares	60,38,000 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Sathlokhar Synergys E&C IPO subscribed 211.13x.

	Ashapura Logistics IPO	Sathlokhar Synergys E&C IPO
QIB (times)	128.23x	171.55x
NII (times)	289.33x	382.11x
Big NII (times)
Small NII (times)
RII (times)	174.21x	160.47x
Employee (times)
Other (times)
Total (times)	185.75x	211.13x

Compare with others

Ashapura Logistics IPO	Sathlokhar Synergys E&C IPO
Picturepost Studios IPO	Utssav CZ Gold Jewels IPO
Afcom Holdings IPO	Kizi Apparels IPO
Dhariwalcorp IPO	Ashapura Logistics IPO
Utssav CZ Gold Jewels IPO	Rajputana Industries IPO
Kizi Apparels IPO	Bulkcorp International IPO
Rajputana Industries IPO	Trom Industries IPO
Bulkcorp International IPO	Esprit Stones IPO
Sathlokhar Synergys E&C IPO	S A Tech Software IPO
Trom Industries IPO	Aprameya Engineering IPO
Esprit Stones IPO	Manglam Infra IPO