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.

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 (Final)₹20.00 per share₹52.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
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
Issue OpenJan 23, 2018Jan 22, 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 Solex Energy IPO P/E ratio of .

 Ashoka Metcast IPOSolex Energy 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
Assets21.9824.9614.788.59
Total Income6.3534.5046.626.37
Profit After Tax0.310.920.390.10
NET Worth3.933.621.980.92
Reserves and Surplus1.711.400.480.10
Total Borrowing2.540.853.533.66
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%97.73%
Promoter Shareholding (Post-Issue)43.98%70.43%
Market Cap₹21.42 Cr.₹25.69 Cr.

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 0 shares in Ashoka Metcast IPO and 0 shares in Solex Energy IPO.

 Ashoka Metcast IPOSolex Energy IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,12,000 shares72,000 shares
QIB0 shares0 shares
NII28,44,000 shares6,54,000 shares
RII28,44,000 shares6,54,000 shares
Employee0 shares0 shares
Total56,88,000 shares13,08,000 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas Solex Energy IPO subscribed 20.16x.

 Ashoka Metcast IPOSolex Energy IPO
NII (times)0.51x15.40x
RII (times)2.63x24.91x
Total (times)1.57x20.16x

Compare with others

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Ashoka Metcast IPO Vs Solex Energy IPO