Comparison between Axita Cotton IPO and Surani Steel Tubes IPO.
Axita Cotton IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Surani Steel Tubes IPO is a SME Bookbuilding proposed to list at NSE SME.
| Axita Cotton IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Beeline Broking Ltd. | Pantomath Capital Advisors Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Beeline Broking Ltd. | Pantomath Stock Brokers Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Axita Cotton IPO is up to ₹9.96 Cr whereas the issue size of the Surani Steel Tubes IPO is up to ₹12.26 Cr. The final issue price of Axita Cotton IPO is ₹60.00 per share and of Surani Steel Tubes IPO is ₹52.00 per share.
| Axita Cotton IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | |
| Issue Price (Upper) | ₹52.00 per share | |
| Issue Price (Final) | ₹60.00 per share | ₹52.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 16,60,000 shares | 23,58,000 shares |
| Fresh Issue Size (Amount) | up to ₹9.96 Cr | up to ₹12.26 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 | 16,60,000 shares | 23,58,000 shares |
| Issue Size Total (Amount) | up to ₹9.96 Cr | up to ₹12.26 Cr |
Axita Cotton IPO opens on Dec 27, 2018, while Surani Steel Tubes IPO opens on Jan 25, 2019. The closing date of Axita Cotton IPO and Surani Steel Tubes IPO is Jan 02, 2019, and Jan 29, 2019, respectively.
| Axita Cotton IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Dec 27, 2018 | Jan 25, 2019 |
| Issue Close | Jan 02, 2019 | Jan 29, 2019 |
| Basis Of Allotment (Tentative) | Jan 07, 2019 | |
| Initiation of Refunds (Tentative) | Jan 08, 2019 | |
| Credit of Share (Tentative) | Jan 09, 2019 | |
| Listing date (Tentative) | Jan 10, 2019 | Feb 06, 2019 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Axita Cotton IPO P/E ratio is , as compared to Surani Steel Tubes IPO P/E ratio of .
| Axita Cotton IPO | Surani Steel Tubes IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 20,95,000 Shares (36.12) | |||||
| Promoter Shareholding (Post-Issue) | ||||||
| P/E Ratio | ||||||
| Market Cap | ₹39.31 Cr. | ₹43.08 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the Axita Cotton IPO Retail Individual Investors (RII) are offered 8,30,000 shares while in Surani Steel Tubes IPO retail investors are offered 8,30,000 shares. Qualified Institutional Buyers (QIB) are offered in Axita Cotton IPO and in Surani Steel Tubes IPO.
| Axita Cotton IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 92,000 shares | 1,26,000 shares |
| QIB | ||
| NII | 8,30,000 shares | 11,78,000 shares |
| RII | 8,30,000 shares | 11,80,000 shares |
| Employee | ||
| Others | ||
| Total | 16,60,000 shares | 23,58,000 shares |
Axita Cotton IPO subscribed 1.98x in total, whereas Surani Steel Tubes IPO subscribed 1.55x.
| Axita Cotton IPO | Surani Steel Tubes IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.40x | 1.70x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.55x | 1.23x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 1.98x | 1.55x |
