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Dollex Agrotech IPO vs Droneacharya Aerial IPO

Comparison between Dollex Agrotech IPO and Droneacharya Aerial IPO.

IPO Details

Dollex Agrotech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Droneacharya Aerial IPO is a SME Bookbuilding proposed to list at BSE SME.

 Dollex Agrotech IPODroneacharya Aerial IPO
LogoDollex Agrotech IPO LogoDroneacharya Aerial IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersExpert Global Consultants Pvt.Ltd.Corporate Capitalventures Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerNikunj Stock Brokers Ltd.R.K.Stock Holding Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Dollex Agrotech IPO is up to ₹23.16 Cr whereas the issue size of the Droneacharya Aerial IPO is up to ₹32.26 Cr. The final issue price of Dollex Agrotech IPO is ₹35.00 per share and of Droneacharya Aerial IPO is ₹54.00 per share.

 Dollex Agrotech IPODroneacharya Aerial IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹35.00 per share₹54.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size4000 shares2000 shares
Fresh Issue Size46,16,000 shares59,74,000 shares
Fresh Issue Size (Amount)up to ₹16.16 Crup to ₹32.26 Cr
OFS Issue Size20,00,000 shares0 shares
OFS Issue Size (Amount)up to ₹7.00 Crup to ₹0.00 Cr
Issue Size Total66,16,000 shares59,74,000 shares
Issue Size Total (Amount)up to ₹23.16 Crup to ₹32.26 Cr

IPO Timetable

Dollex Agrotech IPO opens on Dec 15, 2022, while Droneacharya Aerial IPO opens on Dec 13, 2022. The closing date of Dollex Agrotech IPO and Droneacharya Aerial IPO is Dec 20, 2022, and Dec 15, 2022, respectively.

 Dollex Agrotech IPODroneacharya Aerial IPO
Anchor Bid DateDec 12, 2022
Issue OpenDec 15, 2022Dec 13, 2022
Issue CloseDec 20, 2022Dec 15, 2022
Basis Of Allotment (Tentative)Dec 23, 2022Dec 20, 2022
Initiation of Refunds (Tentative)Dec 26, 2022Dec 21, 2022
Credit of Share (Tentative)Dec 27, 2022Dec 22, 2022
Listing date (Tentative)Dec 28, 2022Dec 23, 2022
Anchor Lockin End date 1Jan 19, 2023
Anchor Lockin End date 2Mar 20, 2023

Financials & KPIs

Dollex Agrotech IPO P/E ratio is 14.46, as compared to Droneacharya Aerial IPO P/E ratio of 45.

 Dollex Agrotech IPODroneacharya Aerial IPO
Financials
Dollex Agrotech Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-208884.952590.0857.791155.34155.345205.23
31-Mar-2110499.287748.42167.432322.77322.775025.41
31-Mar-2211355.877962.58326.92649.67649.674447.31
30-Jun-2211093.62840.81151.262800.93800.934560.1
Amount in ₹ Lakhs
Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202.510-2.30.910.82
31-Mar-21119.131-14.89104.081.27
31-Mar-221546.52358.7440.651447.7746.25
30-Jun-223402.62308.9672.063357.771.02
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)99.5038.23
Promoter Shareholding (Post-Issue)71.6928.21
P/E Ratio14.4645
Market Cap₹87.39 Cr.₹129.54 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Dollex Agrotech IPO Retail Individual Investors (RII) are offered 33,08,000 shares while in Droneacharya Aerial IPO retail investors are offered 33,08,000 shares. Qualified Institutional Buyers (QIB) are offered in Dollex Agrotech IPO and 11,94,000 shares in Droneacharya Aerial IPO.

 Dollex Agrotech IPODroneacharya Aerial IPO
Anchor Investor Reserveration17,90,000 shares
Market Maker Reserveration3,52,000 shares3,16,000 shares
QIB11,94,000 shares
NII33,08,000 shares8,98,000 shares
RII33,08,000 shares20,92,000 shares
Employee
Others
Total66,16,000 shares59,74,000 shares

Bids Received (Subscription)

Dollex Agrotech IPO subscribed 1.88x in total, whereas Droneacharya Aerial IPO subscribed 243.70x.

 Dollex Agrotech IPODroneacharya Aerial IPO
QIB (times)46.21x
NII (times)1.46x287.80x
Big NII (times)
Small NII (times)
RII (times)2.29x330.82x
Employee (times)
Other (times)
Total (times)1.88x243.70x