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Accuracy Shipping IPO vs Bright Solar IPO

Comparison between Accuracy Shipping IPO and Bright Solar IPO.

IPO Details

Accuracy Shipping IPO is a SME Fixed Price IPO proposed to list at NSE SME while Bright Solar IPO is a SME Fixed Price proposed to list at NSE SME.

 Accuracy Shipping IPOBright Solar IPO
LogoAccuracy Shipping IPO LogoBright Solar IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMENSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Swastika Investmart Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Alankit Assignments Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Beeline Broking Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Accuracy Shipping IPO is up to ₹33.94 Cr whereas the issue size of the Bright Solar IPO is up to ₹18.47 Cr. The final issue price of Accuracy Shipping IPO is ₹84.00 per share and of Bright Solar IPO is ₹36.00 per share.

 Accuracy Shipping IPOBright Solar IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹81.00 per share
Issue Price (Upper)₹84.00 per share
Issue Price (Final)₹84.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1600 shares3000 shares
Fresh Issue Size40,40,000 shares51,30,000 shares
Fresh Issue Size (Amount)up to ₹33.94 Crup to ₹18.47 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,40,000 shares51,30,000 shares
Issue Size Total (Amount)up to ₹33.94 Crup to ₹18.47 Cr

IPO Timetable

Accuracy Shipping IPO opens on Jun 11, 2018, while Bright Solar IPO opens on Jun 26, 2018. The closing date of Accuracy Shipping IPO and Bright Solar IPO is Jun 14, 2018, and Jun 29, 2018, respectively.

 Accuracy Shipping IPOBright Solar IPO
Anchor Bid Date
Issue OpenJun 11, 2018Jun 26, 2018
Issue CloseJun 14, 2018Jun 29, 2018
Basis Of Allotment (Tentative)Jun 19, 2018Jul 04, 2018
Initiation of Refunds (Tentative)Jun 20, 2018Jul 06, 2018
Credit of Share (Tentative)Jun 21, 2018Jul 06, 2018
Listing date (Tentative)Jun 22, 2018Jul 09, 2018
Anchor Lockin End date 1Jul 19, 2018
Anchor Lockin End date 2Sep 17, 2018

Financials & KPIs

Accuracy Shipping IPO P/E ratio is , as compared to Bright Solar IPO P/E ratio of .

 Accuracy Shipping IPOBright Solar IPO
Financials
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 5,825.34 4,394.03 2,783.54 1,299.16 520.31
Total Revenue 20,129.20 17,078.99 16,165.61 9,738.73 3,064.89
Profit After Tax 195.93 106.86 31.60 61.61 26.83
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 3,309.49 2,212.31 3,892.34 818.82 1,978.49
Total Revenue 1,812.99 1,547.06 4,784.25 2,846.13 2,239.93
Profit After Tax 171.11 70.53 196.87 54.29 38.02
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Accuracy Shipping IPO Retail Individual Investors (RII) are offered 14,14,400 shares while in Bright Solar IPO retail investors are offered 14,14,400 shares. Qualified Institutional Buyers (QIB) are offered 8,28,800 shares in Accuracy Shipping IPO and in Bright Solar IPO.

 Accuracy Shipping IPOBright Solar IPO
Anchor Investor Reserveration11,90,400 shares
Market Maker Reserveration2,17,600 shares2,70,000 shares
QIB8,28,800 shares
NII6,06,400 shares25,65,000 shares
RII14,14,400 shares25,65,000 shares
Employee
Others
Total40,40,000 shares51,30,000 shares

Bids Received (Subscription)

Accuracy Shipping IPO subscribed 1.50x in total, whereas Bright Solar IPO subscribed 1.85x.

 Accuracy Shipping IPOBright Solar IPO
QIB (times)0.56x
NII (times)1.42x2.21x
Big NII (times)
Small NII (times)
RII (times)4.79x1.49x
Employee (times)
Other (times)
Total (times)1.50x1.85x