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Asarfi Hospital IPO vs Drone Destination IPO

Comparison between Asarfi Hospital IPO and Drone Destination IPO.

IPO Details

Asarfi Hospital IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Drone Destination IPO is a SME Bookbuilding proposed to list at NSE SME.

 Asarfi Hospital IPODrone Destination IPO
LogoAsarfi Hospital IPO LogoDrone Destination IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersHem Securities Ltd.Narnolia Financial Services Ltd.
RegistrarCameo Corporate Services Ltd.Maashitla Securities Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Asarfi Hospital IPO is up to ₹25.58 Cr whereas the issue size of the Drone Destination IPO is up to ₹40.95 Cr. The final issue price of Asarfi Hospital IPO is ₹52.00 per share and of Drone Destination IPO is ₹65.00 per share.

 Asarfi Hospital IPODrone Destination IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹62.00 per share
Issue Price (Upper)₹52.00 per share₹65.00 per share
Issue Price (Final)₹52.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares2000 shares
Fresh Issue Size49,20,000 shares63,00,000 shares
Fresh Issue Size (Amount)up to ₹25.58 Crup to ₹40.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total49,20,000 shares63,00,000 shares
Issue Size Total (Amount)up to ₹25.58 Crup to ₹40.95 Cr

IPO Timetable

Asarfi Hospital IPO opens on Jul 17, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of Asarfi Hospital IPO and Drone Destination IPO is Jul 19, 2023, and Jul 13, 2023, respectively.

 Asarfi Hospital IPODrone Destination IPO
Anchor Bid DateJul 14, 2023Jul 06, 2023
Issue OpenJul 17, 2023Jul 07, 2023
Issue CloseJul 19, 2023Jul 13, 2023
Basis Of Allotment (Tentative)Jul 24, 2023Jul 18, 2023
Initiation of Refunds (Tentative)Jul 25, 2023Jul 19, 2023
Credit of Share (Tentative)Jul 26, 2023Jul 20, 2023
Listing date (Tentative)Jul 26, 2023Jul 21, 2023
Anchor Lockin End date 1Aug 23, 2023Aug 17, 2023
Anchor Lockin End date 2Oct 22, 2023Oct 16, 2023

Financials & KPIs

Asarfi Hospital IPO P/E ratio is 12.78, as compared to Drone Destination IPO P/E ratio of 64.35.

 Asarfi Hospital IPODrone Destination IPO
Financials
Asarfi Hospital Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-213,729.455,439.90353.431,689.901,564.95713.36
31-Mar-226,270.246,619.54572.842,262.732,137.781,163.31
31-Mar-239,342.717,303.26801.534,184.262,734.531,720.20
Amount in ₹ Lakhs
Drone Destination Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-2196.3439.33-4.562.42-8.589,794.46
31-Mar-22278.30257.1620.7323.1512.15151.09
31-Mar-232,359.331,207.73244.191,757.341,257.34159.17
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)83.0385.14
Promoter Shareholding (Post-Issue)61.1762.31
P/E Ratio12.7864.35
Market Cap₹102.32 Cr.₹157.95 Cr.
ROE19.16%13.90%
ROCE19.91%18.65%
Debt/Equity0.410.06
EPS₹7.58₹25.80
RoNW19.1613.90%

Shares Offered

In the Asarfi Hospital IPO Retail Individual Investors (RII) are offered 17,22,000 shares while in Drone Destination IPO retail investors are offered 17,22,000 shares. Qualified Institutional Buyers (QIB) are offered 9,84,000 shares in Asarfi Hospital IPO and 12,60,000 shares in Drone Destination IPO.

 Asarfi Hospital IPODrone Destination IPO
Anchor Investor Reserveration14,76,000 shares18,88,000 shares
Market Maker Reserveration2,60,000 shares5,00,000 shares
QIB9,84,000 shares12,60,000 shares
NII7,38,000 shares9,46,000 shares
RII17,22,000 shares22,06,000 shares
Employee
Others
Total49,20,000 shares63,00,000 shares

Bids Received (Subscription)

Asarfi Hospital IPO subscribed 195.14x in total, whereas Drone Destination IPO subscribed 191.65x.

 Asarfi Hospital IPODrone Destination IPO
QIB (times)50.60x50.46x
NII (times)451.62x243.85x
Big NII (times)
Small NII (times)
RII (times)167.81x250.09x
Employee (times)
Other (times)
Total (times)195.14x191.65x