Comparison between Avax Apparels IPO and Phoenix Overseas IPO.
Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Phoenix Overseas IPO is a SME Bookbuilding proposed to list at NSE SME.
| Avax Apparels IPO | Phoenix Overseas IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | SKI Capital Services Ltd. | Khandwala Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | SKI Capital Services Ltd. | Nikunj Stock Brokers 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 Phoenix Overseas IPO is up to ₹34.23 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.
| Avax Apparels IPO | Phoenix Overseas IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹61.00 per share | |
| Issue Price (Upper) | ₹64.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹64.00 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 | 42,98,000 shares |
| Fresh Issue Size (Amount) | up to ₹1.82 Cr | up to ₹27.51 Cr |
| OFS Issue Size | 0 shares | 10,50,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹6.72 Cr |
| Issue Size Total | 2,60,000 shares | 53,48,000 shares |
| Issue Size Total (Amount) | up to ₹1.82 Cr | up to ₹34.23 Cr |
Avax Apparels IPO opens on Jan 07, 2025, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Avax Apparels IPO and Phoenix Overseas IPO is Jan 09, 2025, and Sep 24, 2024, respectively.
| Avax Apparels IPO | Phoenix Overseas IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 07, 2025 | Sep 20, 2024 |
| Issue Close | Jan 09, 2025 | Sep 24, 2024 |
| Basis Of Allotment (Tentative) | Jan 10, 2025 | Sep 25, 2024 |
| Initiation of Refunds (Tentative) | Jan 13, 2025 | Sep 26, 2024 |
| Credit of Share (Tentative) | Jan 13, 2025 | Sep 26, 2024 |
| Listing date (Tentative) | Jan 14, 2025 | Sep 27, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Avax Apparels IPO P/E ratio is 3.88, as compared to Phoenix Overseas IPO P/E ratio of 17.18.
| Avax Apparels IPO | Phoenix Overseas IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Avax Apparels And Ornaments Limited Financial Information (Restated)
| Phoenix Overseas Limited Financial Information (Restated Standalone)Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 57.00 | 99.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 41.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 3.88 | 17.18 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7.27 Cr. | ₹123.81 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.91% | 10.74% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 61.68% | 15.28% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹18.06 | ₹3.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.91% | 10.74% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Phoenix Overseas IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 8,00,000 shares in Phoenix Overseas IPO.
| Avax Apparels IPO | Phoenix Overseas IPO | |
|---|---|---|
| Anchor Investor Reserveration | 0 shares | |
| Market Maker Reserveration | 14,000 shares | 2,82,000 shares |
| QIB | 0 shares | 8,00,000 shares |
| NII | 1,30,000 shares | 23,00,000 shares |
| RII | 1,30,000 shares | 22,48,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 2,60,000 shares | 53,48,000 shares |
Avax Apparels IPO subscribed 260.42x in total, whereas Phoenix Overseas IPO subscribed 119.22x.
| Avax Apparels IPO | Phoenix Overseas IPO | |
|---|---|---|
| QIB (times) | 65.74x | |
| NII (times) | 140.46x | 109.71x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 372.35x | 148.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 260.42x | 119.22x |
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