Baheti Recycling Industries IPO vs Droneacharya Aerial IPO

Comparison between Baheti Recycling Industries IPO and Droneacharya Aerial IPO.

IPO Details

Baheti Recycling Industries IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Droneacharya Aerial IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Baheti Recycling Industries IPO is up to ₹11.76 Cr whereas the issue size of the Droneacharya Aerial IPO is up to ₹32.26 Cr. The final issue price of Baheti Recycling Industries IPO is ₹45.00 per share and of Droneacharya Aerial IPO is ₹54.00 per share.

 Baheti Recycling Industries IPODroneacharya Aerial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹45.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares2000 shares
Fresh Issue Size26,13,000 shares59,74,000 shares
Fresh Issue Size (Amount)up to ₹11.76 Crup to ₹32.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total26,13,000 shares59,74,000 shares
Issue Size Total (Amount)up to ₹11.76 Crup to ₹32.26 Cr

IPO Timetable

Baheti Recycling Industries IPO opens on Nov 28, 2022, while Droneacharya Aerial IPO opens on Dec 13, 2022. The closing date of Baheti Recycling Industries IPO and Droneacharya Aerial IPO is Nov 30, 2022, and Dec 15, 2022, respectively.

 Baheti Recycling Industries IPODroneacharya Aerial IPO
Anchor Bid DateDec 12, 2022
Issue OpenNov 28, 2022Dec 13, 2022
Issue CloseNov 30, 2022Dec 15, 2022
Basis Of Allotment (Tentative)Dec 05, 2022Dec 20, 2022
Initiation of Refunds (Tentative)Dec 06, 2022Dec 21, 2022
Credit of Share (Tentative)Dec 07, 2022Dec 22, 2022
Listing date (Tentative)Dec 08, 2022Dec 23, 2022
Anchor Lockin End date 1Jan 19, 2023
Anchor Lockin End date 2Mar 20, 2023

Financials & KPIs

Baheti Recycling Industries IPO P/E ratio is 13.55, as compared to Droneacharya Aerial IPO P/E ratio of 45.

 Baheti Recycling Industries IPODroneacharya Aerial IPO
Financials

Company Financials (Restated)

Period Ended31 May 202231 Mar 202231 Mar 202131 Mar 2020
Assets79.3981.9063.0145.35
Total Income57.57249.26127.80105.96
Profit After Tax0.572.920.480.19
NET Worth17.2716.7010.8110.33
Reserves and Surplus12.7012.137.066.58
Total Borrowing45.3650.7537.9031.19
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets34.0315.471.190.03
Total Income3.093.590.010.00
Profit After Tax0.720.41-0.15-0.02
NET Worth33.5814.481.040.01
Reserves and Surplus0.000.000.000.00
Total Borrowing0.010.460.010.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.9838.23
Promoter Shareholding (Post-Issue)73.3728.21
P/E Ratio13.5545
Market Cap₹46.66 Cr.₹129.54 Cr.
ROE
ROCE
Debt/Equity
EPS₹0.35
RoNW2.8

Shares Offered

In the Baheti Recycling Industries IPO Retail Individual Investors (RII) are offered 13,08,000 shares while in Droneacharya Aerial IPO retail investors are offered 13,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Baheti Recycling Industries IPO and 11,94,000 shares in Droneacharya Aerial IPO.

 Baheti Recycling Industries IPODroneacharya Aerial IPO
Anchor Investor Reservation17,90,000 shares
Market Maker Reservation1,47,000 shares3,16,000 shares
QIB11,94,000 shares
NII13,05,000 shares8,98,000 shares
RII13,08,000 shares20,92,000 shares
Employee
Others
Total26,13,000 shares59,74,000 shares

Bids Received (Subscription)

Baheti Recycling Industries IPO subscribed 347.53x in total, whereas Droneacharya Aerial IPO subscribed 243.70x.

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