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Avi Ansh Textile IPO vs Kalana Ispat IPO

Comparison between Avi Ansh Textile IPO and Kalana Ispat IPO.

IPO Details

Avi Ansh Textile IPO is a SME Fixed Price IPO proposed to list at NSE SME while Kalana Ispat IPO is a SME Fixed Price proposed to list at NSE SME.

 Avi Ansh Textile IPOKalana Ispat IPO
LogoAvi Ansh Textile IPO LogoKalana Ispat IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead Managers3Dimension Capital Services Ltd.Jawa Capital Services Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.Aftertrade Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Avi Ansh Textile IPO is up to ₹24.68 Cr whereas the issue size of the Kalana Ispat IPO is up to ₹30.95 Cr. The final issue price of Avi Ansh Textile IPO is ₹62.00 per share and of Kalana Ispat IPO is ₹66.00 per share.

 Avi Ansh Textile IPOKalana Ispat IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹62.00 per share₹66.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size39,80,000 shares46,90,000 shares
Fresh Issue Size (Amount)up to ₹24.68 Crup to ₹30.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total39,80,000 shares46,90,000 shares
Issue Size Total (Amount)up to ₹24.68 Crup to ₹30.95 Cr

IPO Timetable

Avi Ansh Textile IPO opens on Sep 20, 2024, while Kalana Ispat IPO opens on Sep 19, 2024. The closing date of Avi Ansh Textile IPO and Kalana Ispat IPO is Sep 24, 2024, and Sep 23, 2024, respectively.

 Avi Ansh Textile IPOKalana Ispat IPO
Anchor Bid Date
Issue OpenSep 20, 2024Sep 19, 2024
Issue CloseSep 24, 2024Sep 23, 2024
Basis Of Allotment (Tentative)Sep 25, 2024Sep 24, 2024
Initiation of Refunds (Tentative)Sep 26, 2024Sep 25, 2024
Credit of Share (Tentative)Sep 26, 2024Sep 25, 2024
Listing date (Tentative)Sep 27, 2024Sep 26, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Avi Ansh Textile IPO P/E ratio is 18.31, as compared to Kalana Ispat IPO P/E ratio of 22.59.

 Avi Ansh Textile IPOKalana Ispat IPO
Financials

Avi Ansh Textile Limited Financial Information (Restated)

Avi Ansh Textile Limited's revenue increased by 17% and profit after tax (PAT) rose by 1053% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets6,522.644,692.354,336.854,694.81
Total Income14,214.6512,149.5712,016.767,264.3
Profit After Tax331.3528.74155.5568.2
Net Worth1,587.221,256.741,229.621,076.34
Reserves and Surplus608.73278.25251.1397.85
Total Borrowing4,481.213,193.462,659.873,375.46
Amount in ₹ Lakhs

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.

Period Ended31 Mar 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,885.711,617.461,264.891,330.7
Total Income7,394.468,335.875,793.324,298.06
Profit After Tax236.750.0913.6613.62
Net Worth1,081.58441.94391.65376.19
Reserves and Surplus271.46339.7289.61275.95
Total Borrowing461.38861.79260.57262.93
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)95.6782.72
Promoter Shareholding (Post-Issue)66.9851.38
P/E Ratio18.3122.59
Market Cap₹86.67 Cr.₹86.08 Cr.
ROE20.88%31.12%
ROCE15.88%21.20%
Debt/Equity2.820.43
EPS₹3.39₹2.92
RoNW20.88%21.88%

Shares Offered

In the Avi Ansh Textile IPO Retail Individual Investors (RII) are offered 19,90,000 shares while in Kalana Ispat IPO retail investors are offered 19,90,000 shares. Qualified Institutional Buyers (QIB) are offered in Avi Ansh Textile IPO and in Kalana Ispat IPO.

 Avi Ansh Textile IPOKalana Ispat IPO
Anchor Investor Reserveration
Market Maker Reserveration2,12,000 shares2,48,000 shares
QIB
NII19,90,000 shares23,44,000 shares
RII19,90,000 shares23,46,000 shares
Employee
Others
Total39,80,000 shares46,90,000 shares

Bids Received (Subscription)

Avi Ansh Textile IPO subscribed 8.32x in total, whereas Kalana Ispat IPO subscribed 59.92x.

 Avi Ansh Textile IPOKalana Ispat IPO
QIB (times)
NII (times)5.25x40.69x
Big NII (times)
Small NII (times)
RII (times)11.38x74.54x
Employee (times)
Other (times)
Total (times)8.32x59.92x