Comparison between Avax Apparels IPO and Techera Engineering IPO.
Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Techera Engineering IPO is a SME Bookbuilding proposed to list at NSE SME.
| Avax Apparels IPO | Techera Engineering 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. | SKI Capital Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | SKI Capital Services Ltd. | SKI Capital Services 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 Avax Apparels IPO is up to ₹1.82 Cr whereas the issue size of the Techera Engineering IPO is up to ₹34.10 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Techera Engineering IPO is ₹82.00 per share.
| Avax Apparels IPO | Techera Engineering IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹75.00 per share | |
| Issue Price (Upper) | ₹82.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹82.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1600 shares |
| Fresh Issue Size | 2,60,000 shares | 41,58,400 shares |
| Fresh Issue Size (Amount) | up to ₹1.82 Cr | up to ₹34.10 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 | 41,58,400 shares |
| Issue Size Total (Amount) | up to ₹1.82 Cr | up to ₹34.10 Cr |
Avax Apparels IPO opens on Jan 07, 2025, while Techera Engineering IPO opens on Sep 25, 2024. The closing date of Avax Apparels IPO and Techera Engineering IPO is Jan 09, 2025, and Sep 27, 2024, respectively.
| Avax Apparels IPO | Techera Engineering IPO | |
|---|---|---|
| Anchor Bid Date | Sep 24, 2024 | |
| Issue Open | Jan 07, 2025 | Sep 25, 2024 |
| Issue Close | Jan 09, 2025 | Sep 27, 2024 |
| Basis Of Allotment (Tentative) | Jan 10, 2025 | Sep 30, 2024 |
| Initiation of Refunds (Tentative) | Jan 13, 2025 | Oct 01, 2024 |
| Credit of Share (Tentative) | Jan 13, 2025 | Oct 01, 2024 |
| Listing date (Tentative) | Jan 14, 2025 | Oct 03, 2024 |
| Anchor Lockin End date 1 | Oct 30, 2024 | |
| Anchor Lockin End date 2 | Dec 29, 2024 |
Avax Apparels IPO P/E ratio is 3.88, as compared to Techera Engineering IPO P/E ratio of 20.65.
| Avax Apparels IPO | Techera Engineering IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Avax Apparels And Ornaments Limited Financial Information (Restated)
| TechEra Engineering LImited Financial Information (Restated)TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 57.00 | 57.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 41.97 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 3.88 | 20.65 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7.27 Cr. | ₹135.47 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.91% | 30.33% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 61.68% | 23..47% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.90 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹18.06 | ₹3.97 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.91% | 30.33% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Techera Engineering IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 8,32,000 shares in Techera Engineering IPO.
| Avax Apparels IPO | Techera Engineering IPO | |
|---|---|---|
| Anchor Investor Reserveration | 0 shares | 12,46,400 shares |
| Market Maker Reserveration | 14,000 shares | 2,19,200 shares |
| QIB | 0 shares | 8,32,000 shares |
| NII | 1,30,000 shares | 6,24,000 shares |
| RII | 1,30,000 shares | 14,56,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 2,60,000 shares | 41,58,400 shares |
Avax Apparels IPO subscribed 260.42x in total, whereas Techera Engineering IPO subscribed 69.80x.
| Avax Apparels IPO | Techera Engineering IPO | |
|---|---|---|
| QIB (times) | 31.22x | |
| NII (times) | 140.46x | 128.88x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 372.35x | 66.52x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 260.42x | 69.80x |
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