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ABS Marine IPO vs Faalcon Concepts IPO

Comparison between ABS Marine IPO and Faalcon Concepts IPO.

IPO Details

ABS Marine IPO is a SME Fixed Price IPO proposed to list at NSE SME while Faalcon Concepts IPO is a SME Fixed Price proposed to list at BSE SME.

 ABS Marine IPOFaalcon Concepts IPO
LogoABS Marine IPO LogoFaalcon Concepts IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersGYR Capital Advisors Pvt.Ltd.Navigant Corporate Advisors Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Beetal Financial & Computer Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Alacrity Securities 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 ABS Marine IPO is up to ₹90.26 Cr whereas the issue size of the Faalcon Concepts IPO is up to ₹11.48 Cr. The final issue price of ABS Marine IPO is ₹147.00 per share and of Faalcon Concepts IPO is ₹62.00 per share.

 ABS Marine IPOFaalcon Concepts IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹140.00 per share
Issue Price (Upper)₹147.00 per share
Issue Price (Final)₹147.00 per share₹62.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1000 shares2000 shares
Fresh Issue Size61,40,000 shares18,52,000 shares
Fresh Issue Size (Amount)up to ₹90.26 Crup to ₹11.48 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,40,000 shares18,52,000 shares
Issue Size Total (Amount)up to ₹90.26 Crup to ₹11.48 Cr

IPO Timetable

ABS Marine IPO opens on May 10, 2024, while Faalcon Concepts IPO opens on Apr 19, 2024. The closing date of ABS Marine IPO and Faalcon Concepts IPO is May 15, 2024, and Apr 23, 2024, respectively.

 ABS Marine IPOFaalcon Concepts IPO
Anchor Bid DateMay 09, 2024
Issue OpenMay 10, 2024Apr 19, 2024
Issue CloseMay 15, 2024Apr 23, 2024
Basis Of Allotment (Tentative)May 16, 2024Apr 24, 2024
Initiation of Refunds (Tentative)May 17, 2024Apr 25, 2024
Credit of Share (Tentative)May 17, 2024Apr 25, 2024
Listing date (Tentative)May 21, 2024Apr 26, 2024
Anchor Lockin End date 1Jun 15, 2024
Anchor Lockin End date 2Aug 14, 2024

Financials & KPIs

ABS Marine IPO P/E ratio is 11.23, as compared to Faalcon Concepts IPO P/E ratio of 16.85.

 ABS Marine IPOFaalcon Concepts IPO
Financials

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets18,480.9917,552.5016,663.28
Total Income13,801.8911,380.788,283.98
Profit After Tax2,355.41952.74809.43
Net Worth11,717.399,352.428,370.01
Reserves and Surplus9,917.399,351.428,369.01
Total Borrowing4,567.964,866.296,114.77
Amount in ₹ Lakhs

Faalcon Concepts Limited Financial Information (Restated)

Faalcon Concepts Limited's revenue decreased by -28.5% and profit after tax (PAT) rose by 83.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,417.671,292.64916.77553.85
Total Income1,249.111,324.811,852.93502.21
Profit After Tax131.82179.5297.7912.34
Net Worth631.39327.53129.0222.23
Reserves and Surplus143.37325.26127.6121.23
Total Borrowing366.04190.5867.1048.30
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)86.5091.76
Promoter Shareholding (Post-Issue)63.4265.56
P/E Ratio11.2316.85
Market Cap₹360.88 Cr.₹42.35 Cr.
ROE27.49%
ROCE18.67%26.18%
Debt/Equity0.390.58
EPS₹13.09₹3.68
RoNW20.10%20.88%

Shares Offered

In the ABS Marine IPO Retail Individual Investors (RII) are offered 21,49,000 shares while in Faalcon Concepts IPO retail investors are offered 21,49,000 shares. Qualified Institutional Buyers (QIB) are offered 12,28,000 shares in ABS Marine IPO and in Faalcon Concepts IPO.

 ABS Marine IPOFaalcon Concepts IPO
Anchor Investor Reserveration18,41,000 shares
Market Maker Reserveration4,10,000 shares98,000 shares
QIB12,28,000 shares
NII9,22,000 shares9,26,000 shares
RII21,49,000 shares9,26,000 shares
Employee
Others
Total61,40,000 shares18,52,000 shares

Bids Received (Subscription)

ABS Marine IPO subscribed 144.44x in total, whereas Faalcon Concepts IPO subscribed 71.28x.

 ABS Marine IPOFaalcon Concepts IPO
QIB (times)109.30x
NII (times)270.94x93.27x
Big NII (times)
Small NII (times)
RII (times)110.24x47.17x
Employee (times)
Other (times)
Total (times)144.44x71.28x