ASL Industries IPO vs Dev Information Technology IPO

Comparison between ASL Industries IPO and Dev Information Technology IPO.

IPO Details

ASL Industries IPO is a SME Fixed Price IPO proposed to list at NSE SME while Dev Information Technology IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of ASL Industries IPO is up to ₹9.30 Cr whereas the issue size of the Dev Information Technology IPO is up to ₹5.85 Cr. The final issue price of ASL Industries IPO is ₹35.00 per share and of Dev Information Technology IPO is ₹42.00 per share.

 ASL Industries IPODev Information Technology IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹35.00 per share₹42.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares3000 shares
Fresh Issue Size26,56,000 shares13,92,000 shares
Fresh Issue Size (Amount)up to ₹9.30 Crup to ₹5.85 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,56,000 shares13,92,000 shares
Issue Size Total (Amount)up to ₹9.30 Crup to ₹5.85 Cr

IPO Timetable

ASL Industries IPO opens on Mar 31, 2017, while Dev Information Technology IPO opens on Mar 31, 2017. The closing date of ASL Industries IPO and Dev Information Technology IPO is Apr 07, 2017, and Apr 06, 2017, respectively.

 ASL Industries IPODev Information Technology IPO
Issue OpenMar 31, 2017Mar 31, 2017
Issue CloseApr 07, 2017Apr 06, 2017
Basis Of Allotment (Tentative)Apr 12, 2017
Listing date (Tentative)Apr 18, 2017Apr 17, 2017

Financials & KPIs

ASL Industries IPO P/E ratio is , as compared to Dev Information Technology IPO P/E ratio of 10.

 ASL Industries IPODev Information Technology IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets64.4066.6856.2430.29
Total Income28.3256.0844.9831.38
Profit After Tax0.130.44-0.00-0.79
NET Worth25.7325.6025.1913.14
Reserves and Surplus18.1117.9817.589.11
Total Borrowing26.9628.8720.667.28
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets29.4730.8226.7837.51
Total Income19.5745.4144.8957.11
Profit After Tax1.122.011.251.09
NET Worth11.9810.858.987.89
Reserves and Surplus11.2310.358.487.39
Total Borrowing7.696.596.865.79
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.07%93%
Promoter Shareholding (Post-Issue)70.98%67.93%
P/E Ratio10
Market Cap₹36.46 Cr.₹23.19 Cr.

Shares Offered

In the ASL Industries IPO Retail Individual Investors (RII) are offered 13,28,000 shares while in Dev Information Technology IPO retail investors are offered 13,28,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in ASL Industries IPO and in Dev Information Technology IPO.

 ASL Industries IPODev Information Technology IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,44,000 shares96,000 shares
QIB0 shares
NII13,28,000 shares6,96,000 shares
RII13,28,000 shares6,96,000 shares
Employee0 shares
Total26,56,000 shares13,92,000 shares

Bids Received (Subscription)

ASL Industries IPO subscribed 2.60x in total, whereas Dev Information Technology IPO subscribed 79.22x.

 ASL Industries IPODev Information Technology IPO
NII (times)2.02x69.29x
RII (times)3.18x89.14x
Total (times)2.60x79.22x

Compare with others

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ASL Industries IPO Vs Dev Information Technology IPO