Comparison between Ajax Engineering IPO and Denta Water IPO.
Ajax Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Denta Water IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Ajax Engineering IPO is up to ₹1,268.93 Cr whereas the issue size of the Denta Water IPO is up to ₹220.50 Cr. The final issue price of Ajax Engineering IPO is ₹629.00 per share and of Denta Water IPO is ₹294.00 per share.
| Ajax Engineering IPO | Denta Water IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹10 per share |
| Issue Price (Lower) | ₹599.00 per share | ₹279.00 per share |
| Issue Price (Upper) | ₹629.00 per share | ₹294.00 per share |
| Issue Price (Final) | ₹629.00 per share | ₹294.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹59.00 per share | |
| Market Lot Size | 23 shares | 50 shares |
| Fresh Issue Size | 0 shares | 75,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹220.50 Cr |
| OFS Issue Size | 2,01,80,446 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹1,268.93 Cr | up to ₹0.00 Cr |
| Issue Size Total | 2,01,80,446 shares | 75,00,000 shares |
| Issue Size Total (Amount) | up to ₹1,268.93 Cr | up to ₹220.50 Cr |
Ajax Engineering IPO opens on Feb 10, 2025, while Denta Water IPO opens on Jan 22, 2025. The closing date of Ajax Engineering IPO and Denta Water IPO is Feb 12, 2025, and Jan 24, 2025, respectively.
| Ajax Engineering IPO | Denta Water IPO | |
|---|---|---|
| Anchor Bid Date | Feb 07, 2025 | Jan 21, 2025 |
| Issue Open | Feb 10, 2025 | Jan 22, 2025 |
| Issue Close | Feb 12, 2025 | Jan 24, 2025 |
| Basis Of Allotment (Tentative) | Feb 13, 2025 | Jan 27, 2025 |
| Initiation of Refunds (Tentative) | Feb 14, 2025 | Jan 28, 2025 |
| Credit of Share (Tentative) | Feb 14, 2025 | Jan 28, 2025 |
| Listing date (Tentative) | Feb 17, 2025 | Jan 29, 2025 |
| Anchor Lockin End date 1 | Mar 14, 2025 | Feb 26, 2025 |
| Anchor Lockin End date 2 | May 13, 2025 | Apr 27, 2025 |
Ajax Engineering IPO P/E ratio is 31.96, as compared to Denta Water IPO P/E ratio of 9.45.
| Ajax Engineering IPO | Denta Water IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 93.5 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 80 | 71.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 31.96 | 9.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7196.19 Cr. | ₹784.98 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.53% | 36.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 32.82% | 76.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.01 | 0.01 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹19.68 | ₹31.11 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 19.39% | 36.36% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Ajax Engineering IPO Retail Individual Investors (RII) are offered 70,35,525 shares while in Denta Water IPO retail investors are offered 70,35,525 shares. Qualified Institutional Buyers (QIB) are offered 40,20,300 shares in Ajax Engineering IPO and 15,00,000 shares in Denta Water IPO.
| Ajax Engineering IPO | Denta Water IPO | |
|---|---|---|
| Anchor Investor Reservation | 60,30,449 shares | 22,50,000 shares |
| Market Maker Reservation | 0 shares | 0 shares |
| QIB | 40,20,300 shares | 15,00,000 shares |
| NII | 30,15,225 shares | 11,25,000 shares |
| RII | 70,35,525 shares | 26,25,000 shares |
| Employee | 78,947 shares | 0 shares |
| Others | ||
| Total | 2,01,80,446 shares | 75,00,000 shares |
Ajax Engineering IPO subscribed 6.06x in total, whereas Denta Water IPO subscribed 221.54x.
| Ajax Engineering IPO | Denta Water IPO | |
|---|---|---|
| QIB (times) | 13.04x | 236.94x |
| NII (times) | 6.46x | 507.07x |
| Big NII (times) | 7.67x | 556.49x |
| Small NII (times) | 3.58x | 408.23x |
| RII (times) | 1.94x | 90.38x |
| Employee (times) | 2.62x | |
| Other (times) | ||
| Total (times) | 6.06x | 221.54x |
