Comparison between ASK Automotive IPO and IREDA IPO.
ASK Automotive IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while IREDA IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of ASK Automotive IPO is up to ₹833.91 Cr whereas the issue size of the IREDA IPO is up to ₹2,150.21 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of IREDA IPO is ₹32.00 per share.
| ASK Automotive IPO | IREDA IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹268.00 per share | ₹30.00 per share |
| Issue Price (Upper) | ₹282.00 per share | ₹32.00 per share |
| Issue Price (Final) | ₹282.00 per share | ₹32.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 53 shares | 460 shares |
| Fresh Issue Size | 0 shares | 40,31,64,706 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹1,290.13 Cr |
| OFS Issue Size | 2,95,71,390 shares | 26,87,76,471 shares |
| OFS Issue Size (Amount) | up to ₹833.91 Cr | up to ₹860.08 Cr |
| Issue Size Total | 2,95,71,390 shares | 67,19,41,177 shares |
| Issue Size Total (Amount) | up to ₹833.91 Cr | up to ₹2,150.21 Cr |
ASK Automotive IPO opens on Nov 07, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of ASK Automotive IPO and IREDA IPO is Nov 09, 2023, and Nov 23, 2023, respectively.
| ASK Automotive IPO | IREDA IPO | |
|---|---|---|
| Anchor Bid Date | Nov 06, 2023 | Nov 20, 2023 |
| Issue Open | Nov 07, 2023 | Nov 21, 2023 |
| Issue Close | Nov 09, 2023 | Nov 23, 2023 |
| Basis Of Allotment (Tentative) | Nov 10, 2023 | Nov 24, 2023 |
| Initiation of Refunds (Tentative) | Nov 10, 2023 | Nov 25, 2023 |
| Credit of Share (Tentative) | Nov 13, 2023 | Nov 28, 2023 |
| Listing date (Tentative) | Nov 15, 2023 | Nov 29, 2023 |
| Anchor Lockin End date 1 | Dec 10, 2023 | Dec 24, 2023 |
| Anchor Lockin End date 2 | Feb 08, 2024 | Feb 22, 2024 |
ASK Automotive IPO P/E ratio is 45.63, as compared to IREDA IPO P/E ratio of 8.47.
| ASK Automotive IPO | IREDA IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 75 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 45.63 | 8.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹5559.00 Cr. | ₹8600.85 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.44% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.49 | 6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.18 | ₹3.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.10% | 15.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ASK Automotive IPO Retail Individual Investors (RII) are offered 1,03,49,987 shares while in IREDA IPO retail investors are offered 1,03,49,987 shares. Qualified Institutional Buyers (QIB) are offered 59,14,278 shares in ASK Automotive IPO and 13,40,13,152 shares in IREDA IPO.
| ASK Automotive IPO | IREDA IPO | |
|---|---|---|
| Anchor Investor Reservation | 88,71,416 shares | 20,10,19,726 shares |
| Market Maker Reservation | ||
| QIB | 59,14,278 shares | 13,40,13,152 shares |
| NII | 44,35,709 shares | 10,05,09,864 shares |
| RII | 1,03,49,987 shares | 23,45,23,015 shares |
| Employee | 18,75,420 shares | |
| Others | ||
| Total | 2,95,71,390 shares | 67,19,41,177 shares |
ASK Automotive IPO subscribed 51.14x in total, whereas IREDA IPO subscribed 38.80x.
| ASK Automotive IPO | IREDA IPO | |
|---|---|---|
| QIB (times) | 142.41x | 104.57x |
| NII (times) | 35.47x | 24.16x |
| Big NII (times) | 41.13x | 26.99x |
| Small NII (times) | 24.16x | 18.50x |
| RII (times) | 5.70x | 7.73x |
| Employee (times) | 9.80x | |
| Other (times) | ||
| Total (times) | 51.14x | 38.80x |
