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Dindigul Farm Product IPO vs Akiko Global IPO

Comparison between Dindigul Farm Product IPO and Akiko Global IPO.

IPO Details

Dindigul Farm Product IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Akiko Global IPO is a SME Bookbuilding proposed to list at NSE SME.

 Dindigul Farm Product IPOAkiko Global IPO
LogoDindigul Farm Product IPO LogoAkiko Global IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.Fast Track Finsec Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSpread X Securities 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 Dindigul Farm Product IPO is up to ₹33.07 Cr whereas the issue size of the Akiko Global IPO is up to ₹21.95 Cr. The final issue price of Dindigul Farm Product IPO is ₹54.00 per share and of Akiko Global IPO is ₹77.00 per share.

 Dindigul Farm Product IPOAkiko Global IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹51.00 per share₹73.00 per share
Issue Price (Upper)₹54.00 per share₹77.00 per share
Issue Price (Final)₹54.00 per share₹77.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size61,24,000 shares28,51,200 shares
Fresh Issue Size (Amount)up to ₹33.07 Crup to ₹21.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,24,000 shares28,51,200 shares
Issue Size Total (Amount)up to ₹33.07 Crup to ₹21.95 Cr

IPO Timetable

Dindigul Farm Product IPO opens on Jun 20, 2024, while Akiko Global IPO opens on Jun 25, 2024. The closing date of Dindigul Farm Product IPO and Akiko Global IPO is Jun 24, 2024, and Jun 27, 2024, respectively.

 Dindigul Farm Product IPOAkiko Global IPO
Anchor Bid DateJun 19, 2024Jun 24, 2024
Issue OpenJun 20, 2024Jun 25, 2024
Issue CloseJun 24, 2024Jun 27, 2024
Basis Of Allotment (Tentative)Jun 25, 2024Jul 01, 2024
Initiation of Refunds (Tentative)Jun 26, 2024Jul 01, 2024
Credit of Share (Tentative)Jun 26, 2024Jul 01, 2024
Listing date (Tentative)Jun 27, 2024Jul 02, 2024
Anchor Lockin End date 1Jul 25, 2024Jul 31, 2024
Anchor Lockin End date 2Sep 23, 2024Sep 29, 2024

Financials & KPIs

Dindigul Farm Product IPO P/E ratio is 18.47, as compared to Akiko Global IPO P/E ratio of 13.2.

 Dindigul Farm Product IPOAkiko Global IPO
Financials

Dindigul Farm Product Limited Financial Information (Restated)

Dindigul Farm Product Limited's revenue increased by 188.19% and profit after tax (PAT) rose by 225.16% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,123.462,899.842,995.072,995.07
Total Income6,876.658,199.342,845.071,840.72
Profit After Tax588.40525.79-420.08-461.19
Net Worth393.94-1,638.46-2,162.72-1,742.64
Total Borrowing2,263.872,398.372,579.252,716.23
Amount in ₹ Lakhs

Akiko Global Services Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,794.911,130.87405.67234.88
Total Income2,609.763,958.971,353.31610.78
Profit After Tax321.48453.2677.8522.98
Net Worth1,403.37578.40123.1445.29
Reserves and Surplus626.57574.40121.1443.29
Total Borrowing122.0595.8926.1349.62
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)80.6692.77
Promoter Shareholding (Post-Issue)59.3666.91
P/E Ratio18.4713.2
Market Cap₹131.92 Cr.₹82.93 Cr.
ROE-0.95%32.44%
ROCE0.62%29.23%
Debt/Equity4.630.09
EPS₹2.92₹5.83
RoNW149.49%22.91%

Shares Offered

In the Dindigul Farm Product IPO Retail Individual Investors (RII) are offered 21,44,000 shares while in Akiko Global IPO retail investors are offered 21,44,000 shares. Qualified Institutional Buyers (QIB) are offered 12,26,000 shares in Dindigul Farm Product IPO and 5,69,600 shares in Akiko Global IPO.

 Dindigul Farm Product IPOAkiko Global IPO
Anchor Investor Reserveration18,34,000 shares8,54,400 shares
Market Maker Reserveration3,26,000 shares1,50,400 shares
QIB12,26,000 shares5,69,600 shares
NII9,20,000 shares4,28,800 shares
RII21,44,000 shares9,98,400 shares
Employee
Others
Total61,24,000 shares28,51,200 shares

Bids Received (Subscription)

Dindigul Farm Product IPO subscribed 202.35x in total, whereas Akiko Global IPO subscribed 34.96x.

 Dindigul Farm Product IPOAkiko Global IPO
QIB (times)145.62x10.21x
NII (times)280.06x48.05x
Big NII (times)
Small NII (times)
RII (times)201.44x45.57x
Employee (times)
Other (times)
Total (times)202.35x34.96x