Comparison between Avax Apparels IPO and Bikewo Green Tech IPO.
Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Bikewo Green Tech IPO is a SME Bookbuilding proposed to list at NSE SME.
| Avax Apparels IPO | Bikewo Green Tech 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. | Khandwala Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | SKI Capital Services Ltd. | Aftertrade Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| 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 Bikewo Green Tech IPO is up to ₹22.88 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Bikewo Green Tech IPO is ₹62.00 per share.
| Avax Apparels IPO | Bikewo Green Tech IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹59.00 per share | |
| Issue Price (Upper) | ₹62.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹62.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 2,60,000 shares | 36,90,000 shares |
| Fresh Issue Size (Amount) | up to ₹1.82 Cr | up to ₹22.88 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 | 36,90,000 shares |
| Issue Size Total (Amount) | up to ₹1.82 Cr | up to ₹22.88 Cr |
Avax Apparels IPO opens on Jan 07, 2025, while Bikewo Green Tech IPO opens on Sep 20, 2024. The closing date of Avax Apparels IPO and Bikewo Green Tech IPO is Jan 09, 2025, and Sep 24, 2024, respectively.
| Avax Apparels IPO | Bikewo Green Tech IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Jan 07, 2025 | Sep 20, 2024 |
| Issue Close | Jan 09, 2025 | Sep 24, 2024 |
| Basis Of Allotment (Tentative) | Jan 10, 2025 | Sep 25, 2024 |
| Initiation of Refunds (Tentative) | Jan 13, 2025 | Sep 26, 2024 |
| Credit of Share (Tentative) | Jan 13, 2025 | Sep 26, 2024 |
| Listing date (Tentative) | Jan 14, 2025 | Sep 27, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Avax Apparels IPO P/E ratio is 3.88, as compared to Bikewo Green Tech IPO P/E ratio of 33.95.
| Avax Apparels IPO | Bikewo Green Tech IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Avax Apparels And Ornaments Limited Financial Information (Restated)
| BikeWo GreenTech Limited Financial Information (Restated)BikeWo GreenTech Limited's revenue increased by 22% and profit after tax (PAT) rose by 1606% between the financial year ending with March 31, 2024 and March 31, 2023.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 57.00 | 89.00 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 41.97 | 62.48 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 3.88 | 33.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7.27 Cr. | ₹80.87 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.91% | 13.94% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 61.68% | 10.87% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹18.06 | ₹1.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.91% | 13.94% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Bikewo Green Tech IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 1,86,000 shares in Bikewo Green Tech IPO.
| Avax Apparels IPO | Bikewo Green Tech IPO | |
|---|---|---|
| Anchor Investor Reserveration | 0 shares | |
| Market Maker Reserveration | 14,000 shares | 1,96,000 shares |
| QIB | 0 shares | 1,86,000 shares |
| NII | 1,30,000 shares | 17,52,000 shares |
| RII | 1,30,000 shares | 17,52,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 2,60,000 shares | 36,90,000 shares |
Avax Apparels IPO subscribed 260.42x in total, whereas Bikewo Green Tech IPO subscribed 41.82x.
| Avax Apparels IPO | Bikewo Green Tech IPO | |
|---|---|---|
| QIB (times) | 43.03x | |
| NII (times) | 140.46x | 22.48x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 372.35x | 61.04x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 260.42x | 41.82x |
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