Auro Impex IPO vs Spectrum Talent Management IPO

Comparison between Auro Impex IPO and Spectrum Talent Management IPO.

IPO Details

Auro Impex IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Spectrum Talent Management IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Auro Impex IPO is up to ₹25.71 Cr whereas the issue size of the Spectrum Talent Management IPO is up to ₹99.88 Cr. The final issue price of Auro Impex IPO is ₹78.00 per share and of Spectrum Talent Management IPO is ₹173.00 per share.

 Auro Impex IPOSpectrum Talent Management IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹74.00 per share₹169.00 per share
Issue Price (Upper)₹78.00 per share₹173.00 per share
Issue Price (Final)₹78.00 per share₹173.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares800 shares
Fresh Issue Size27,45,600 shares48,81,600 shares
Fresh Issue Size (Amount)up to ₹21.42 Crup to ₹84.45 Cr
OFS Issue Size5,50,400 shares8,92,000 shares
OFS Issue Size (Amount)up to ₹4.29 Crup to ₹15.43 Cr
Issue Size Total32,96,000 shares57,73,600 shares
Issue Size Total (Amount)up to ₹25.71 Crup to ₹99.88 Cr

IPO Timetable

Auro Impex IPO opens on May 11, 2023, while Spectrum Talent Management IPO opens on Jun 09, 2023. The closing date of Auro Impex IPO and Spectrum Talent Management IPO is May 15, 2023, and Jun 14, 2023, respectively.

 Auro Impex IPOSpectrum Talent Management IPO
Issue OpenMay 11, 2023Jun 09, 2023
Issue CloseMay 15, 2023Jun 14, 2023
Basis Of Allotment (Tentative)May 18, 2023Jun 19, 2023
Initiation of Refunds (Tentative)May 19, 2023Jun 20, 2023
Credit of Share (Tentative)May 22, 2023Jun 21, 2023
Listing date (Tentative)May 23, 2023Jun 22, 2023

Financials & KPIs

Auro Impex IPO P/E ratio is 12.07, as compared to Spectrum Talent Management IPO P/E ratio of 15.

 Auro Impex IPOSpectrum Talent Management IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets82.2862.2033.6128.41
Total Income232.97151.8573.7337.61
Profit After Tax6.002.300.910.27
NET Worth17.5511.55
Reserves and Surplus8.2710.784.133.23
Total Borrowing48.7636.80
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets86.5864.7946.3040.81
Total Income584.16483.72302.96323.62
Profit After Tax19.9715.534.766.76
NET Worth48.4528.2719.7615.00
Reserves and Surplus30.5419.7210.2610.25
Total Borrowing2.5510.270.614.22
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.99%100%
Promoter Shareholding (Post-Issue)71.55%73.68%
P/E Ratio12.0715
Market Cap₹95.17 Cr.₹89.71 Cr.
Debt/Equity2.77
EPS₹6.00₹10.25
RoNW19.9242.99

Shares Offered

In the Auro Impex IPO Retail Individual Investors (RII) are offered 18,46,400 shares while in Spectrum Talent Management IPO retail investors are offered 18,46,400 shares. Qualified Institutional Buyers (QIB) are offered 3,29,600 shares in Auro Impex IPO and 5,76,000 shares in Spectrum Talent Management IPO.

 Auro Impex IPOSpectrum Talent Management IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,74,400 shares3,04,000 shares
QIB3,29,600 shares5,76,000 shares
NII11,20,000 shares25,98,400 shares
RII18,46,400 shares25,99,200 shares
Employee0 shares0 shares
Total32,96,000 shares57,73,600 shares

Bids Received (Subscription)

Auro Impex IPO subscribed 70.48x in total, whereas Spectrum Talent Management IPO subscribed 12.27x.

 Auro Impex IPOSpectrum Talent Management IPO
QIB (times)33.35x11.21x
NII (times)109.55x11.68x
RII (times)53.41x13.10x
Total (times)70.48x12.27x

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