AVP Infracon IPO vs Chatha Foods IPO

Comparison between AVP Infracon IPO and Chatha Foods IPO.

IPO Details

AVP Infracon IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Chatha Foods IPO is a SME Bookbuilding proposed to list at BSE SME.

	AVP Infracon IPO	Chatha Foods IPO
Logo	$AVP Infracon IPO Logo$
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Share India Capital Services Pvt.Ltd.	Indorient Financial Services Ltd.
Registrar	Purva Sharegistry (India) Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Share India Securities Ltd.	Alacrity Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AVP Infracon IPO is up to ₹46.86 Cr whereas the issue size of the Chatha Foods IPO is up to ₹31.71 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Chatha Foods IPO is ₹56.00 per share.

	AVP Infracon IPO	Chatha Foods IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹53.00 per share
Issue Price (Upper)	₹75.00 per share	₹56.00 per share
Issue Price (Final)	₹75.00 per share	₹56.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	2000 shares
Fresh Issue Size	62,48,000 shares	56,62,000 shares
Fresh Issue Size (Amount)	up to ₹46.86 Cr	up to ₹31.71 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	62,48,000 shares	56,62,000 shares
Issue Size Total (Amount)	up to ₹46.86 Cr	up to ₹31.71 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Chatha Foods IPO opens on Mar 19, 2024. The closing date of AVP Infracon IPO and Chatha Foods IPO is Mar 15, 2024, and Mar 21, 2024, respectively.

	AVP Infracon IPO	Chatha Foods IPO
Anchor Bid Date	Mar 12, 2024	Mar 18, 2024
Issue Open	Mar 13, 2024	Mar 19, 2024
Issue Close	Mar 15, 2024	Mar 21, 2024
Basis Of Allotment (Tentative)	Mar 18, 2024	Mar 26, 2024
Initiation of Refunds (Tentative)	Mar 19, 2024	Mar 27, 2024
Credit of Share (Tentative)	Mar 19, 2024	Mar 27, 2024
Listing date (Tentative)	Mar 20, 2024	Mar 27, 2024
Anchor Lockin End date 1	Apr 17, 2024	Apr 25, 2024
Anchor Lockin End date 2	Jun 16, 2024	Jun 24, 2024

Financials & KPIs

AVP Infracon IPO P/E ratio is 11.2, as compared to Chatha Foods IPO P/E ratio of 37.76.

AVP Infracon IPO

Chatha Foods IPO

Financials

AVP Infracon Limited Financial Information (Restated Consolidated)

Period Ended	31 Oct 2023	31 Mar 2023
Assets	17,232.87	14,670.84
Total Income	7,411.90	11,550.09
Profit After Tax	855.78	1,205.31
Net Worth	3,405.31	2,549.66
Reserves and Surplus	1,605.31	2,069.66
Total Borrowing	7,791.95	6,729.31
Amount in ₹ Lakhs

Chatha Foods Limited Financial Information (Restated)

Chatha Foods Limited's revenue increased by 34.14% and profit after tax (PAT) rose by 264.66% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,827.62	5,141.94	4,830.31	4,330.28
Total Income	7,078.03	11,724.23	8,740.31	6,119.03
Profit After Tax	341.04	245.20	67.24	-400.35
Net Worth	2,516.15	2,175.12	1,929.93	1,862.68
Reserves and Surplus	862.66	935.00	689.81	622.56
Total Borrowing	987.96	1,060.19	1,101.33	1,065.03
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.5

81.36

Promoter Shareholding (Post-Issue)

62.33

P/E Ratio

11.2

37.76

Market Cap

₹187.34 Cr.

₹125.98 Cr.

ROE

25.05%

14.54%

ROCE

22.63%

14.81%

Debt/Equity

1.96

0.39

EPS

₹6.70

₹1.48

RoNW

25.05%

14.54%

Shares Offered

In the AVP Infracon IPO Retail Individual Investors (RII) are offered 21,90,400 shares while in Chatha Foods IPO retail investors are offered 21,90,400 shares. Qualified Institutional Buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 11,32,000 shares in Chatha Foods IPO.

	AVP Infracon IPO	Chatha Foods IPO
Anchor Investor Reserveration	18,70,400 shares	16,98,000 shares
Market Maker Reserveration	7,31,200 shares	3,00,000 shares
QIB	12,48,000 shares	11,32,000 shares
NII	9,39,200 shares	8,50,000 shares
RII	21,90,400 shares	19,82,000 shares
Employee
Others
Total	62,48,000 shares	56,62,000 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Chatha Foods IPO subscribed 19.28x.

	AVP Infracon IPO	Chatha Foods IPO
QIB (times)	1.05x	8.54x
NII (times)	46.15x	44.52x
Big NII (times)
Small NII (times)
RII (times)	22.49x	14.60x
Employee (times)
Other (times)
Total (times)	21.45x	19.28x

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