ASK Automotive IPO vs Honasa Consumer IPO

Comparison between ASK Automotive IPO and Honasa Consumer IPO.

IPO Details

ASK Automotive IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Honasa Consumer IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of ASK Automotive IPO is up to ₹833.91 Cr whereas the issue size of the Honasa Consumer IPO is up to ₹1,701.44 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of Honasa Consumer IPO is ₹324.00 per share.

 ASK Automotive IPOHonasa Consumer IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹268.00 per share₹308.00 per share
Issue Price (Upper)₹282.00 per share₹324.00 per share
Issue Price (Final)₹282.00 per share₹324.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹30.00 per share
Market Lot Size53 shares46 shares
Fresh Issue Size0 shares1,12,67,530 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹365.05 Cr
OFS Issue Size2,95,71,390 shares4,12,48,162 shares
OFS Issue Size (Amount)up to ₹833.91 Crup to ₹1,336.39 Cr
Issue Size Total2,95,71,390 shares5,25,15,692 shares
Issue Size Total (Amount)up to ₹833.91 Crup to ₹1,701.44 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while Honasa Consumer IPO opens on Oct 31, 2023. The closing date of ASK Automotive IPO and Honasa Consumer IPO is Nov 09, 2023, and Nov 02, 2023, respectively.

 ASK Automotive IPOHonasa Consumer IPO
Anchor Bid DateNov 06, 2023Oct 30, 2023
Issue OpenNov 07, 2023Oct 31, 2023
Issue CloseNov 09, 2023Nov 02, 2023
Basis Of Allotment (Tentative)Nov 10, 2023Nov 06, 2023
Initiation of Refunds (Tentative)Nov 10, 2023Nov 06, 2023
Credit of Share (Tentative)Nov 13, 2023Nov 06, 2023
Listing date (Tentative)Nov 15, 2023Nov 07, 2023
Anchor Lockin End date 1Dec 10, 2023Dec 06, 2023
Anchor Lockin End date 2Feb 08, 2024Feb 04, 2024

Financials & KPIs

ASK Automotive IPO P/E ratio is 45.63, as compared to Honasa Consumer IPO P/E ratio of .

 ASK Automotive IPOHonasa Consumer IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,443.341,281.211,105.56948.25
Total Income657.552,566.282,024.261,567.77
Profit After Tax34.83122.9582.66106.20
NET Worth643.77631.91622.23
Reserves and Surplus639.03604.34591.73581.54
Total Borrowing268.03231.82119.7854.02
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,048.03966.421,035.01302.64
Total Income477.101,515.27964.35472.10
Profit After Tax24.72-150.9714.44-1,324.61
NET Worth638.26605.90705.62-1,765.14
Reserves and Surplus-1,290.94-1,323.32-1,087.33
Total Borrowing6.793.613.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)10037.41
Promoter Shareholding (Post-Issue)35.34
P/E Ratio45.63
Market Cap₹5559.00 Cr.₹10425.00 Cr.
ROE
ROCE
Debt/Equity0.49
EPS₹6.18₹4.66
RoNW19.10%-23.57%

Shares Offered

In the ASK Automotive IPO Retail Individual Investors (RII) are offered 1,03,49,987 shares while in Honasa Consumer 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 1,57,44,820 shares in Honasa Consumer IPO.

 ASK Automotive IPOHonasa Consumer IPO
Anchor Investor Reservation88,71,416 shares2,36,17,228 shares
Market Maker Reservation
QIB59,14,278 shares1,57,44,820 shares
NII44,35,709 shares78,72,409 shares
RII1,03,49,987 shares52,48,272 shares
Employee34,013 shares
Others
Total2,95,71,390 shares5,25,16,742 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas Honasa Consumer IPO subscribed 7.61x.

 ASK Automotive IPOHonasa Consumer IPO
QIB (times)142.41x11.50x
NII (times)35.47x4.02x
Big NII (times)41.13x4.85x
Small NII (times)24.16x2.36x
RII (times)5.70x1.35x
Employee (times)4.88x
Other (times)
Total (times)51.14x7.61x

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