Avax Apparels IPO vs SD Retail IPO

Comparison between Avax Apparels IPO and SD Retail IPO.

IPO Details

Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while SD Retail IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Avax Apparels IPO is up to ₹1.82 Cr whereas the issue size of the SD Retail IPO is up to ₹61.70 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of SD Retail IPO is ₹131.00 per share.

 Avax Apparels IPOSD Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹124.00 per share
Issue Price (Upper)₹131.00 per share
Issue Price (Final)₹70.00 per share₹131.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size2,60,000 shares47,10,000 shares
Fresh Issue Size (Amount)up to ₹1.82 Crup to ₹61.70 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total2,60,000 shares47,10,000 shares
Issue Size Total (Amount)up to ₹1.82 Crup to ₹61.70 Cr

IPO Timetable

Avax Apparels IPO opens on Jan 07, 2025, while SD Retail IPO opens on Sep 20, 2024. The closing date of Avax Apparels IPO and SD Retail IPO is Jan 09, 2025, and Sep 24, 2024, respectively.

 Avax Apparels IPOSD Retail IPO
Anchor Bid DateSep 19, 2024
Issue OpenJan 07, 2025Sep 20, 2024
Issue CloseJan 09, 2025Sep 24, 2024
Basis Of Allotment (Tentative)Jan 10, 2025Sep 25, 2024
Initiation of Refunds (Tentative)Jan 13, 2025Sep 26, 2024
Credit of Share (Tentative)Jan 13, 2025Sep 26, 2024
Listing date (Tentative)Jan 14, 2025Sep 27, 2024
Anchor Lockin End date 1Oct 24, 2024
Anchor Lockin End date 2Dec 23, 2024

Financials & KPIs

Avax Apparels IPO P/E ratio is 3.88, as compared to SD Retail IPO P/E ratio of 23.73.

 Avax Apparels IPOSD Retail IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets10.894.853.470.58
Total Income15.0122.0614.700.29
Profit After Tax0.911.380.690.01
NET Worth4.053.151.760.02
Total Borrowing0.720.720.30
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets122.2688.3677.60
Total Income163.28135.69128.74
Profit After Tax7.604.3010.11
NET Worth41.8034.2029.90
Reserves and Surplus40.5533.5829.27
Total Borrowing43.5520.5118.44
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)5788.82
Promoter Shareholding (Post-Issue)41.9765.29
P/E Ratio3.8823.73
Market Cap₹7.27 Cr.₹245.26 Cr.
ROE43.916.29
ROCE61.6815.61
Debt/Equity1.04
EPS₹18.06₹5.52
RoNW43.9118.18

Shares Offered

In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in SD Retail IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 9,42,000 shares in SD Retail IPO.

 Avax Apparels IPOSD Retail IPO
Anchor Investor Reservation0 shares14,12,000 shares
Market Maker Reservation14,000 shares2,50,000 shares
QIB0 shares9,42,000 shares
NII1,30,000 shares7,07,000 shares
RII1,30,000 shares16,49,000 shares
Employee0 shares
Others
Total2,60,000 shares47,10,000 shares

Bids Received (Subscription)

Avax Apparels IPO subscribed 256.41x in total, whereas SD Retail IPO subscribed 67.98x.

 Avax Apparels IPOSD Retail IPO
QIB (times)69.84x
NII (times)140.46x207.62x
Big NII (times)
Small NII (times)
RII (times)372.35x65.25x
Employee (times)
Other (times)
Total (times)256.41x67.98x

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