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Ashoka Metcast IPO vs Solex Energy IPO

Comparison between Ashoka Metcast IPO and Solex Energy IPO.

IPO Details

Ashoka Metcast IPO is a SME Fixed Price IPO proposed to list at BSE SME while Solex Energy IPO is a SME Fixed Price proposed to list at NSE SME.

 Ashoka Metcast IPOSolex Energy IPO
LogoAshoka Metcast IPO LogoSolex Energy IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMENSE SME
Lead ManagersAryaman Financial Services Ltd.Swastika Investmart Ltd.
RegistrarBigshare Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerAryaman Capital Markets Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ashoka Metcast IPO is up to ₹11.38 Cr whereas the issue size of the Solex Energy IPO is up to ₹6.80 Cr. The final issue price of Ashoka Metcast IPO is ₹20.00 per share and of Solex Energy IPO is ₹52.00 per share.

 Ashoka Metcast IPOSolex Energy IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹20.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size6000 shares2000 shares
Fresh Issue Size56,88,000 shares13,08,000 shares
Fresh Issue Size (Amount)up to ₹11.38 Crup to ₹6.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,88,000 shares13,08,000 shares
Issue Size Total (Amount)up to ₹11.38 Crup to ₹6.80 Cr

IPO Timetable

Ashoka Metcast IPO opens on Jan 23, 2018, while Solex Energy IPO opens on Jan 22, 2018. The closing date of Ashoka Metcast IPO and Solex Energy IPO is Jan 25, 2018, and Jan 25, 2018, respectively.

 Ashoka Metcast IPOSolex Energy IPO
Anchor Bid Date
Issue OpenJan 23, 2018Jan 22, 2018
Issue CloseJan 25, 2018Jan 25, 2018
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)Feb 05, 2018Feb 05, 2018
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Ashoka Metcast IPO P/E ratio is , as compared to Solex Energy IPO P/E ratio of .

 Ashoka Metcast IPOSolex Energy IPO
Financials
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

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

 Ashoka Metcast IPOSolex Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration3,12,000 shares72,000 shares
QIB
NII28,44,000 shares6,54,000 shares
RII28,44,000 shares6,54,000 shares
Employee
Others
Total56,88,000 shares13,08,000 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas Solex Energy IPO subscribed 20.21x.

 Ashoka Metcast IPOSolex Energy IPO
QIB (times)
NII (times)0.51x15.40x
Big NII (times)
Small NII (times)
RII (times)2.63x24.91x
Employee (times)
Other (times)
Total (times)1.57x20.21x