Comparison between Destiny Logistics IPO and Promax Power IPO.
Destiny Logistics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Promax Power IPO is a SME Fixed Price proposed to list at BSE SME.
| Destiny Logistics IPO | Promax Power IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Finshore Management Services Ltd. | Finshore Management Services Ltd. |
| Registrar | Cameo Corporate Services Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Destiny Logistics IPO is up to ₹5.11 Cr whereas the issue size of the Promax Power IPO is up to ₹1.52 Cr. The final issue price of Destiny Logistics IPO is ₹20.00 per share and of Promax Power IPO is ₹10.00 per share.
| Destiny Logistics IPO | Promax Power IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹20.00 per share | ₹10.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 6000 shares | 10000 shares |
| Fresh Issue Size | 25,56,000 shares | 15,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹5.11 Cr | up to ₹1.52 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 | 25,56,000 shares | 15,20,000 shares |
| Issue Size Total (Amount) | up to ₹5.11 Cr | up to ₹1.52 Cr |
Destiny Logistics IPO opens on Sep 30, 2021, while Promax Power IPO opens on Sep 30, 2021. The closing date of Destiny Logistics IPO and Promax Power IPO is Oct 05, 2021, and Oct 04, 2021, respectively.
| Destiny Logistics IPO | Promax Power IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 30, 2021 | Sep 30, 2021 |
| Issue Close | Oct 05, 2021 | Oct 04, 2021 |
| Basis Of Allotment (Tentative) | Oct 08, 2021 | Oct 07, 2021 |
| Initiation of Refunds (Tentative) | Oct 11, 2021 | Oct 08, 2021 |
| Credit of Share (Tentative) | Oct 12, 2021 | Oct 11, 2021 |
| Listing date (Tentative) | Oct 13, 2021 | Oct 12, 2021 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Destiny Logistics IPO P/E ratio is , as compared to Promax Power IPO P/E ratio of .
| Destiny Logistics IPO | Promax Power IPO | |||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials |
|
| ||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 99.72 | 99.99 | ||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.79 | 73.33 | ||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | ||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ||||||||||||||||||||||||||||||||||||||||||||||
| ROE | ||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | ||||||||||||||||||||||||||||||||||||||||||||||
In the Destiny Logistics IPO Retail Individual Investors (RII) are offered 12,78,000 shares while in Promax Power IPO retail investors are offered 12,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Destiny Logistics IPO and in Promax Power IPO.
| Destiny Logistics IPO | Promax Power IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 1,38,000 shares | 80,000 shares |
| QIB | ||
| NII | 12,78,000 shares | 7,60,000 shares |
| RII | 12,78,000 shares | 7,60,000 shares |
| Employee | ||
| Others | ||
| Total | 25,56,000 shares | 15,20,000 shares |
Destiny Logistics IPO subscribed 4.78x in total, whereas Promax Power IPO subscribed 6.89x.
| Destiny Logistics IPO | Promax Power IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.13x | 2.39x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 7.43x | 11.38x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 4.78x | 6.89x |
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