Comparison between Avax Apparels IPO and Kalana Ispat IPO.
Avax Apparels IPO is a SME Fixed Price IPO proposed to list at BSE SME while Kalana Ispat IPO is a SME Fixed Price proposed to list at NSE SME.
| Avax Apparels IPO | Kalana Ispat IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | SKI Capital Services Ltd. | Jawa Capital Services Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | SKI Capital Services Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Avax Apparels IPO is up to ₹1.82 Cr whereas the issue size of the Kalana Ispat IPO is up to ₹30.95 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Kalana Ispat IPO is ₹66.00 per share.
| Avax Apparels IPO | Kalana Ispat IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹70.00 per share | ₹66.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 2,60,000 shares | 46,90,000 shares |
| Fresh Issue Size (Amount) | up to ₹1.82 Cr | up to ₹30.95 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 | 2,60,000 shares | 46,90,000 shares |
| Issue Size Total (Amount) | up to ₹1.82 Cr | up to ₹30.95 Cr |
Avax Apparels IPO opens on Jan 07, 2025, while Kalana Ispat IPO opens on Sep 19, 2024. The closing date of Avax Apparels IPO and Kalana Ispat IPO is Jan 09, 2025, and Sep 23, 2024, respectively.
| Avax Apparels IPO | Kalana Ispat IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 07, 2025 | Sep 19, 2024 |
| Issue Close | Jan 09, 2025 | Sep 23, 2024 |
| Basis Of Allotment (Tentative) | Jan 10, 2025 | Sep 24, 2024 |
| Initiation of Refunds (Tentative) | Jan 13, 2025 | Sep 25, 2024 |
| Credit of Share (Tentative) | Jan 13, 2025 | Sep 25, 2024 |
| Listing date (Tentative) | Jan 14, 2025 | Sep 26, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Avax Apparels IPO P/E ratio is 3.88, as compared to Kalana Ispat IPO P/E ratio of 22.59.
| Avax Apparels IPO | Kalana Ispat IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Avax Apparels And Ornaments Limited Financial Information (Restated)
| Kalana Ispat Limited Financial Information (Restated Standalone)Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 57.00 | 82.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 41.97 | 51.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 3.88 | 22.59 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7.27 Cr. | ₹86.08 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.91% | 31.12% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 61.68% | 21.20% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.43 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹18.06 | ₹2.92 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.91% | 21.88% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Kalana Ispat IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and in Kalana Ispat IPO.
| Avax Apparels IPO | Kalana Ispat IPO | |
|---|---|---|
| Anchor Investor Reserveration | 0 shares | |
| Market Maker Reserveration | 14,000 shares | 2,48,000 shares |
| QIB | 0 shares | |
| NII | 1,30,000 shares | 23,44,000 shares |
| RII | 1,30,000 shares | 23,46,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 2,60,000 shares | 46,90,000 shares |
Avax Apparels IPO subscribed 260.42x in total, whereas Kalana Ispat IPO subscribed 59.92x.
| Avax Apparels IPO | Kalana Ispat IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 140.46x | 40.69x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 372.35x | 74.54x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 260.42x | 59.92x |
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