Ashoka Metcast IPO vs Shree Ram Proteins IPO

Comparison between Ashoka Metcast IPO and Shree Ram Proteins IPO.

IPO Details

Ashoka Metcast IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Shree Ram Proteins IPO is a SME Bookbuilding proposed to list at NSE 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 Shree Ram Proteins IPO is up to ₹18.90 Cr. The final issue price of Ashoka Metcast IPO is ₹20.00 per share and of Shree Ram Proteins IPO is ₹31.00 per share.

 Ashoka Metcast IPOShree Ram Proteins IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹27.00 per share
Issue Price (Upper)₹31.00 per share
Issue Price (Final)₹20.00 per share₹31.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares4000 shares
Fresh Issue Size56,88,000 shares60,96,000 shares
Fresh Issue Size (Amount)up to ₹11.38 Crup to ₹18.90 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,88,000 shares60,96,000 shares
Issue Size Total (Amount)up to ₹11.38 Crup to ₹18.90 Cr

IPO Timetable

Ashoka Metcast IPO opens on Jan 23, 2018, while Shree Ram Proteins IPO opens on Jan 23, 2018. The closing date of Ashoka Metcast IPO and Shree Ram Proteins IPO is Jan 25, 2018, and Jan 25, 2018, respectively.

 Ashoka Metcast IPOShree Ram Proteins IPO
Issue OpenJan 23, 2018Jan 23, 2018
Issue CloseJan 25, 2018Jan 25, 2018
Basis Of Allotment (Tentative)Jan 31, 2018Jan 31, 2018
Listing date (Tentative)Feb 05, 2018Feb 05, 2018

Financials & KPIs

Ashoka Metcast IPO P/E ratio is , as compared to Shree Ram Proteins IPO P/E ratio of .

 Ashoka Metcast IPOShree Ram Proteins 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 Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets77.7087.7583.90104.01
Total Income48.72157.80183.58174.67
Profit After Tax0.390.670.511.36
NET Worth19.8219.4318.779.51
Reserves and Surplus4.824.433.773.26
Total Borrowing49.2147.2349.8855.32
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%79.41%
Promoter Shareholding (Post-Issue)43.98%55.60%
Market Cap₹21.42 Cr.₹66.40 Cr.

Shares Offered

In the Ashoka Metcast IPO Retail Individual Investors (RII) are offered 28,44,000 shares while in Shree Ram Proteins 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 Shree Ram Proteins IPO.

 Ashoka Metcast IPOShree Ram Proteins IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,12,000 shares3,24,000 shares
QIB0 shares0 shares
NII28,44,000 shares30,48,000 shares
RII28,44,000 shares30,48,000 shares
Employee0 shares0 shares
Total56,88,000 shares60,96,000 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas Shree Ram Proteins IPO subscribed 4.81x.

 Ashoka Metcast IPOShree Ram Proteins IPO
NII (times)0.51x2.94x
RII (times)2.63x6.68x
Total (times)1.57x4.81x

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