Ashoka Metcast IPO vs Focus Suites Solutions IPO

Comparison between Ashoka Metcast IPO and Focus Suites Solutions IPO.

IPO Details

Ashoka Metcast IPO is a SME Fixed Price IPO proposed to list at BSE SME while Focus Suites Solutions IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ashoka Metcast IPO is up to ₹11.38 Cr whereas the issue size of the Focus Suites Solutions IPO is up to ₹6.16 Cr. The final issue price of Ashoka Metcast IPO is ₹20.00 per share and of Focus Suites Solutions IPO is ₹18.00 per share.

 Ashoka Metcast IPOFocus Suites Solutions IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹18.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares8000 shares
Fresh Issue Size56,88,000 shares34,24,000 shares
Fresh Issue Size (Amount)up to ₹11.38 Crup to ₹6.16 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,88,000 shares34,24,000 shares
Issue Size Total (Amount)up to ₹11.38 Crup to ₹6.16 Cr

IPO Timetable

Ashoka Metcast IPO opens on Jan 23, 2018, while Focus Suites Solutions IPO opens on Jan 30, 2018. The closing date of Ashoka Metcast IPO and Focus Suites Solutions IPO is Jan 25, 2018, and Feb 01, 2018, respectively.

 Ashoka Metcast IPOFocus Suites Solutions IPO
Issue OpenJan 23, 2018Jan 30, 2018
Issue CloseJan 25, 2018Feb 01, 2018
Basis Of Allotment (Tentative)Jan 31, 2018Feb 06, 2018
Listing date (Tentative)Feb 05, 2018Feb 09, 2018

Financials & KPIs

Ashoka Metcast IPO P/E ratio is , as compared to Focus Suites Solutions IPO P/E ratio of .

 Ashoka Metcast IPOFocus Suites Solutions IPO
Financials

Company Financials (Restated)

Period Ended15 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.5910.5818.281.28
Total Income6.520.100.000.01
Profit After Tax0.050.010.000.01
NET Worth9.320.010.000.00
Reserves and Surplus4.760.00-0.01-0.01
Total Borrowing5.050.101.28
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201731 Mar 201731 Mar 201631 Mar 2015
Assets18.6410.004.726.21
Total Income3.969.517.516.02
Profit After Tax0.460.980.650.14
NET Worth16.314.341.891.24
Reserves and Surplus6.654.191.781.13
Total Borrowing1.002.761.411.51
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%43.41%
Promoter Shareholding (Post-Issue)43.98%31.68%
Market Cap₹21.42 Cr.₹24.03 Cr.

Shares Offered

In the Ashoka Metcast IPO Retail Individual Investors (RII) are offered 28,44,000 shares while in Focus Suites Solutions IPO retail investors are offered 28,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ashoka Metcast IPO and 0 shares in Focus Suites Solutions IPO.

 Ashoka Metcast IPOFocus Suites Solutions IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,12,000 shares1,84,000 shares
QIB0 shares0 shares
NII28,44,000 shares17,12,000 shares
RII28,44,000 shares17,12,000 shares
Employee0 shares0 shares
Total56,88,000 shares34,24,000 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas Focus Suites Solutions IPO subscribed 184.74x.

 Ashoka Metcast IPOFocus Suites Solutions IPO
NII (times)0.51x287.62x
RII (times)2.63x81.86x
Total (times)1.57x184.74x

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Ashoka Metcast IPO Vs Focus Suites Solutions IPO