Comparison between Australian Premium Solar IPO and Shree Marutinandan Tubes IPO.
Australian Premium Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Shree Marutinandan Tubes IPO is a SME Fixed Price proposed to list at BSE SME.
| Australian Premium Solar IPO | Shree Marutinandan Tubes IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Swastika Investmart Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Spread X Securities Pvt.Ltd. | Swastika Investmart Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Australian Premium Solar IPO is up to ₹26.68 Cr whereas the issue size of the Shree Marutinandan Tubes IPO is up to ₹13.59 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of Shree Marutinandan Tubes IPO is ₹143.00 per share.
| Australian Premium Solar IPO | Shree Marutinandan Tubes 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 | ₹143.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1000 shares |
| Fresh Issue Size | 49,40,000 shares | 9,50,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.68 Cr | up to ₹13.59 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 49,40,000 shares | 9,50,000 shares |
| Issue Size Total (Amount) | up to ₹26.68 Cr | up to ₹13.59 Cr |
Australian Premium Solar IPO opens on Jan 11, 2024, while Shree Marutinandan Tubes IPO opens on Jan 12, 2024. The closing date of Australian Premium Solar IPO and Shree Marutinandan Tubes IPO is Jan 15, 2024, and Jan 16, 2024, respectively.
| Australian Premium Solar IPO | Shree Marutinandan Tubes IPO | |
|---|---|---|
| Anchor Bid Date | Jan 10, 2024 | |
| Issue Open | Jan 11, 2024 | Jan 12, 2024 |
| Issue Close | Jan 15, 2024 | Jan 16, 2024 |
| Basis Of Allotment (Tentative) | Jan 16, 2024 | Jan 17, 2024 |
| Initiation of Refunds (Tentative) | Jan 17, 2024 | Jan 18, 2024 |
| Credit of Share (Tentative) | Jan 17, 2024 | Jan 18, 2024 |
| Listing date (Tentative) | Jan 18, 2024 | Jan 19, 2024 |
| Anchor Lockin End date 1 | Feb 15, 2024 | |
| Anchor Lockin End date 2 | Apr 15, 2024 |
Australian Premium Solar IPO P/E ratio is 23.58, as compared to Shree Marutinandan Tubes IPO P/E ratio of 17.44.
| Australian Premium Solar IPO | Shree Marutinandan Tubes IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Australian Premium Solar (India) Limited Financial Information (Restated)Australian Premium Solar (India) Limited's revenue decreased by -3.43% and profit after tax (PAT) rose by 23.27% between the financial year ending with March 31, 2023 and March 31, 2022.
| Shree Marutinandan Tubes Limited Financial Information (Restated)Shree Marutinandan Tubes Limited's revenue increased by 0.09% and profit after tax (PAT) rose by 3257.07% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 99.98 | 82.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.64 | 58.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.58 | 17.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹106.60 Cr. | ₹49.48 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.05% | 120.91% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 30.62% | 78.52% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.15 | 2.68 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.29 | ₹8.20 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.05% | 75.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in Shree Marutinandan Tubes IPO retail investors are offered 17,30,000 shares. Qualified Institutional Buyers (QIB) are offered 9,88,000 shares in Australian Premium Solar IPO and in Shree Marutinandan Tubes IPO.
| Australian Premium Solar IPO | Shree Marutinandan Tubes IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,80,000 shares | |
| Market Maker Reserveration | 2,60,000 shares | 50,000 shares |
| QIB | 9,88,000 shares | |
| NII | 7,42,000 shares | 4,75,000 shares |
| RII | 17,30,000 shares | 4,75,000 shares |
| Employee | ||
| Others | ||
| Total | 49,40,000 shares | 9,50,000 shares |
Australian Premium Solar IPO subscribed 464.19x in total, whereas Shree Marutinandan Tubes IPO subscribed 47.16x.
| Australian Premium Solar IPO | Shree Marutinandan Tubes IPO | |
|---|---|---|
| QIB (times) | 107.02x | |
| NII (times) | 772.87x | 32.67x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 535.77x | 59.71x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 464.19x | 47.16x |
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