Comparison between Avax Apparels IPO and Divyadhan Recycling IPO.
Avax Apparels IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Divyadhan Recycling IPO is a SME Bookbuilding proposed to list at NSE SME.
| Avax Apparels IPO | Divyadhan Recycling 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. | Narnolia Financial Services Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | SKI Capital Services Ltd. | Kantilal Chhaganlal Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | 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 Divyadhan Recycling IPO is up to ₹22.89 Cr. The final issue price of Avax Apparels IPO is ₹70.00 per share and of Divyadhan Recycling IPO is ₹64.00 per share.
| Avax Apparels IPO | Divyadhan Recycling IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹60.00 per share | |
| Issue Price (Upper) | ₹64.00 per share | |
| Issue Price (Final) | ₹70.00 per share | ₹64.00 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 | 35,76,000 shares |
| Fresh Issue Size (Amount) | up to ₹1.82 Cr | up to ₹22.89 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 | 35,76,000 shares |
| Issue Size Total (Amount) | up to ₹1.82 Cr | up to ₹22.89 Cr |
Avax Apparels IPO opens on Jan 07, 2025, while Divyadhan Recycling IPO opens on Sep 26, 2024. The closing date of Avax Apparels IPO and Divyadhan Recycling IPO is Jan 09, 2025, and Sep 30, 2024, respectively.
| Avax Apparels IPO | Divyadhan Recycling IPO | |
|---|---|---|
| Anchor Bid Date | Sep 25, 2024 | |
| Issue Open | Jan 07, 2025 | Sep 26, 2024 |
| Issue Close | Jan 09, 2025 | Sep 30, 2024 |
| Basis Of Allotment (Tentative) | Jan 10, 2025 | Oct 01, 2024 |
| Initiation of Refunds (Tentative) | Jan 13, 2025 | Oct 03, 2024 |
| Credit of Share (Tentative) | Jan 13, 2025 | Oct 03, 2024 |
| Listing date (Tentative) | Jan 14, 2025 | Oct 04, 2024 |
| Anchor Lockin End date 1 | Nov 03, 2024 | |
| Anchor Lockin End date 2 | Jan 03, 2025 |
Avax Apparels IPO P/E ratio is 3.88, as compared to Divyadhan Recycling IPO P/E ratio of 28.34.
| Avax Apparels IPO | Divyadhan Recycling IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Avax Apparels And Ornaments Limited Financial Information (Restated)
| Divyadhan Recycling Industries Limited Financial Information (Restated)Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% between the financial year ending with March 31, 2024 and March 31, 2023.
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 57.00 | 94.06 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 41.97 | 69.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 3.88 | 28.34 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹7.27 Cr. | ₹91.56 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 43.91% | 18.42% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 61.68% | 20.76% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹18.06 | ₹2.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 43.91% | 18.42% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Avax Apparels IPO Retail Individual Investors (RII) are offered 1,30,000 shares while in Divyadhan Recycling IPO retail investors are offered 1,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Avax Apparels IPO and 7,16,000 shares in Divyadhan Recycling IPO.
| Avax Apparels IPO | Divyadhan Recycling IPO | |
|---|---|---|
| Anchor Investor Reserveration | 0 shares | 10,70,000 shares |
| Market Maker Reserveration | 14,000 shares | 2,00,000 shares |
| QIB | 0 shares | 7,16,000 shares |
| NII | 1,30,000 shares | 5,38,000 shares |
| RII | 1,30,000 shares | 12,52,000 shares |
| Employee | 0 shares | |
| Others | ||
| Total | 2,60,000 shares | 35,76,000 shares |
Avax Apparels IPO subscribed 260.42x in total, whereas Divyadhan Recycling IPO subscribed 40.93x.
| Avax Apparels IPO | Divyadhan Recycling IPO | |
|---|---|---|
| QIB (times) | 29.39x | |
| NII (times) | 140.46x | 76.03x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 372.35x | 32.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 260.42x | 40.93x |
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