Axita Cotton IPO vs Surani Steel Tubes IPO

Comparison between Axita Cotton IPO and Surani Steel Tubes IPO.

IPO Details

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.

Issue Size and Price

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 IPOSurani 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
Market Lot Size2000 shares2000 shares
Fresh Issue Size16,60,000 shares23,58,000 shares
Fresh Issue Size (Amount)up to ₹9.96 Crup to ₹12.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,60,000 shares23,58,000 shares
Issue Size Total (Amount)up to ₹9.96 Crup to ₹12.26 Cr

IPO Timetable

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 IPOSurani Steel Tubes IPO
Issue OpenDec 27, 2018Jan 25, 2019
Issue CloseJan 02, 2019Jan 29, 2019
Basis Of Allotment (Tentative)Jan 07, 2019Feb 01, 2019
Initiation of Refunds (Tentative)Jan 08, 2019
Credit of Share (Tentative)Jan 09, 2019
Listing date (Tentative)Jan 10, 2019Feb 06, 2019

Financials & KPIs

Axita Cotton IPO P/E ratio is , as compared to Surani Steel Tubes IPO P/E ratio of .

 Axita Cotton IPOSurani Steel Tubes IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 201831 Mar 201831 Mar 201731 Mar 2016
Assets25.5622.2917.5113.87
Total Income21.22123.9291.5268.76
Profit After Tax0.330.820.030.12
EBITDA1.093.441.751.98
NET Worth3.503.162.352.30
Reserves and Surplus1.060.73-0.07-0.10
Total Borrowing16.6216.9614.9111.20
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201831 Mar 201831 Mar 201731 Mar 2016
Assets37.1435.2828.3622.98
Total Income36.14100.8076.7068.46
Profit After Tax0.411.721.001.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%48.52%
Promoter Shareholding (Post-Issue)73.26%33.97%
Market Cap₹39.31 Cr.₹43.08 Cr.

Shares Offered

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 0 shares in Axita Cotton IPO and 0 shares in Surani Steel Tubes IPO.

 Axita Cotton IPOSurani Steel Tubes IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation92,000 shares1,26,000 shares
QIB0 shares0 shares
NII8,30,000 shares11,78,000 shares
RII8,30,000 shares11,80,000 shares
Employee0 shares0 shares
Total16,60,000 shares23,58,000 shares

Bids Received (Subscription)

Axita Cotton IPO subscribed 1.98x in total, whereas Surani Steel Tubes IPO subscribed 1.55x.

 Axita Cotton IPOSurani Steel Tubes IPO
NII (times)2.40x1.80x
RII (times)1.55x1.29x
Total (times)1.98x1.55x

Compare with others

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Axita Cotton IPO Vs Surani Steel Tubes IPO