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Droneacharya Aerial IPO vs PNGS Gargi Fashion Jewellery IPO

Comparison between Droneacharya Aerial IPO and PNGS Gargi Fashion Jewellery IPO.

IPO Details

Droneacharya Aerial IPO is a SME Fixed Price IPO proposed to list at BSE SME while PNGS Gargi Fashion Jewellery IPO is a SME Fixed Price proposed to list at BSE SME.

 Droneacharya Aerial IPOPNGS Gargi Fashion Jewellery IPO
LogoDroneacharya Aerial IPO LogoPNGS Gargi Fashion Jewellery IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Shreni Shares Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerR.K.Stock Holding Pvt.Ltd.Shreni Shares 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 Droneacharya Aerial IPO is up to ₹32.26 Cr whereas the issue size of the PNGS Gargi Fashion Jewellery IPO is up to ₹7.39 Cr. The final issue price of Droneacharya Aerial IPO is ₹54.00 per share and of PNGS Gargi Fashion Jewellery IPO is ₹30.00 per share.

 Droneacharya Aerial IPOPNGS Gargi Fashion Jewellery 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)₹54.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares4000 shares
Fresh Issue Size59,74,000 shares24,64,000 shares
Fresh Issue Size (Amount)up to ₹32.26 Crup to ₹7.39 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total59,74,000 shares24,64,000 shares
Issue Size Total (Amount)up to ₹32.26 Crup to ₹7.39 Cr

IPO Timetable

Droneacharya Aerial IPO opens on Dec 13, 2022, while PNGS Gargi Fashion Jewellery IPO opens on Dec 08, 2022. The closing date of Droneacharya Aerial IPO and PNGS Gargi Fashion Jewellery IPO is Dec 15, 2022, and Dec 13, 2022, respectively.

 Droneacharya Aerial IPOPNGS Gargi Fashion Jewellery IPO
Anchor Bid DateDec 12, 2022
Issue OpenDec 13, 2022Dec 08, 2022
Issue CloseDec 15, 2022Dec 13, 2022
Basis Of Allotment (Tentative)Dec 20, 2022Dec 16, 2022
Initiation of Refunds (Tentative)Dec 21, 2022Dec 19, 2022
Credit of Share (Tentative)Dec 22, 2022Dec 20, 2022
Listing date (Tentative)Dec 23, 2022Dec 20, 2022
Anchor Lockin End date 1Jan 19, 2023
Anchor Lockin End date 2Mar 20, 2023

Financials & KPIs

Droneacharya Aerial IPO P/E ratio is 45, as compared to PNGS Gargi Fashion Jewellery IPO P/E ratio of 6.77.

 Droneacharya Aerial IPOPNGS Gargi Fashion Jewellery IPO
Financials
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
PNGS Gargi Fashion Jewellery Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202.9300.11.280.36
31-Mar-212.640.630.351.620.36
31-Mar-22836.2593.94110.53109.5531.28
30-Sep-221247.771189.18213.171072.71
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)38.23100
Promoter Shareholding (Post-Issue)28.2173
P/E Ratio456.77
Market Cap₹129.54 Cr.₹28.88 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Droneacharya Aerial IPO Retail Individual Investors (RII) are offered 20,92,000 shares while in PNGS Gargi Fashion Jewellery IPO retail investors are offered 20,92,000 shares. Qualified Institutional Buyers (QIB) are offered 11,94,000 shares in Droneacharya Aerial IPO and in PNGS Gargi Fashion Jewellery IPO.

 Droneacharya Aerial IPOPNGS Gargi Fashion Jewellery IPO
Anchor Investor Reserveration17,90,000 shares
Market Maker Reserveration3,16,000 shares1,36,000 shares
QIB11,94,000 shares
NII8,98,000 shares12,32,000 shares
RII20,92,000 shares12,32,000 shares
Employee
Others
Total59,74,000 shares24,64,000 shares

Bids Received (Subscription)

Droneacharya Aerial IPO subscribed 243.70x in total, whereas PNGS Gargi Fashion Jewellery IPO subscribed 230.94x.

 Droneacharya Aerial IPOPNGS Gargi Fashion Jewellery IPO
QIB (times)46.21x
NII (times)287.80x213.21x
Big NII (times)
Small NII (times)
RII (times)330.82x248.68x
Employee (times)
Other (times)
Total (times)243.70x230.94x