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Aspire & Innovative IPO vs GConnect Logitech IPO

Comparison between Aspire & Innovative IPO and GConnect Logitech IPO.

IPO Details

Aspire & Innovative IPO is a SME Fixed Price IPO proposed to list at NSE SME while GConnect Logitech IPO is a SME Fixed Price proposed to list at BSE SME.

 Aspire & Innovative IPOGConnect Logitech IPO
LogoAspire & Innovative IPO LogoGConnect Logitech IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Fedex Securities Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerHem Finlease Pvt.Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aspire & Innovative IPO is up to ₹20.87 Cr whereas the issue size of the GConnect Logitech IPO is up to ₹5.30 Cr. The final issue price of Aspire & Innovative IPO is ₹54.00 per share and of GConnect Logitech IPO is ₹40.00 per share.

 Aspire & Innovative IPOGConnect Logitech IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹54.00 per share₹40.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size38,64,000 shares13,26,000 shares
Fresh Issue Size (Amount)up to ₹20.87 Crup to ₹5.30 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total38,64,000 shares13,26,000 shares
Issue Size Total (Amount)up to ₹20.87 Crup to ₹5.30 Cr

IPO Timetable

Aspire & Innovative IPO opens on Mar 26, 2024, while GConnect Logitech IPO opens on Mar 26, 2024. The closing date of Aspire & Innovative IPO and GConnect Logitech IPO is Mar 28, 2024, and Mar 28, 2024, respectively.

 Aspire & Innovative IPOGConnect Logitech IPO
Anchor Bid DateMar 22, 2024
Issue OpenMar 26, 2024Mar 26, 2024
Issue CloseMar 28, 2024Mar 28, 2024
Basis Of Allotment (Tentative)Apr 01, 2024Apr 01, 2024
Initiation of Refunds (Tentative)Apr 02, 2024Apr 02, 2024
Credit of Share (Tentative)Apr 02, 2024Apr 02, 2024
Listing date (Tentative)Apr 03, 2024Apr 03, 2024
Anchor Lockin End date 1May 01, 2024
Anchor Lockin End date 2Jun 30, 2024

Financials & KPIs

Aspire & Innovative IPO P/E ratio is 11.3, as compared to GConnect Logitech IPO P/E ratio of 1.5.

 Aspire & Innovative IPOGConnect Logitech IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets81.3662.5753.2834.92
Total Income177.10346.20255.58108.33
Profit After Tax3.935.314.372.28
NET Worth19.4515.5110.205.21
Reserves and Surplus8.3414.409.095.20
Total Borrowing11.618.821.110.56
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 2023
Assets4.230.82
Total Income2.131.01
Profit After Tax0.230.11
NET Worth3.980.78
Reserves and Surplus1.660.60
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.84%76.76%
Promoter Shareholding (Post-Issue)72.35%47.85%
P/E Ratio11.31.5
Market Cap₹81.96 Cr.₹14.88 Cr.
ROE22.505.73
ROCE18.597.67
Debt/Equity0.60
EPS₹4.78₹26.64
RoNW20.225.73

Shares Offered

In the Aspire & Innovative IPO Retail Individual Investors (RII) are offered 13,54,000 shares while in GConnect Logitech IPO retail investors are offered 13,54,000 shares. Qualified Institutional Buyers (QIB) are offered 7,74,000 shares in Aspire & Innovative IPO and in GConnect Logitech IPO.

 Aspire & Innovative IPOGConnect Logitech IPO
Anchor Investor Reservation11,56,000 shares
Market Maker Reservation2,04,000 shares75,000 shares
QIB7,74,000 shares
NII5,80,000 shares6,63,000 shares
RII13,54,000 shares6,63,000 shares
Total38,64,000 shares13,26,000 shares

Bids Received (Subscription)

Aspire & Innovative IPO subscribed 10.63x in total, whereas GConnect Logitech IPO subscribed 57.32x.

 Aspire & Innovative IPOGConnect Logitech IPO
QIB (times)5.21x
NII (times)25.60x42.90x
RII (times)16.39x71.74x
Total (times)10.63x57.32x

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Compare:

Aspire & Innovative IPO Vs GConnect Logitech IPO