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Alpex Solar IPO vs Gabriel Pet Straps IPO

Comparison between Alpex Solar IPO and Gabriel Pet Straps IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while Gabriel Pet Straps IPO is a SME Fixed Price proposed to list at BSE SME.

 Alpex Solar IPOGabriel Pet Straps IPO
LogoAlpex Solar IPO LogoGabriel Pet Straps IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Shreni Shares Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerSS Corporate Securities 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 Alpex Solar IPO is up to ₹70.79 Cr whereas the issue size of the Gabriel Pet Straps IPO is up to ₹7.61 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Gabriel Pet Straps IPO is ₹101.00 per share.

 Alpex Solar IPOGabriel Pet Straps IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹109.00 per share
Issue Price (Upper)₹115.00 per share
Issue Price (Final)₹115.00 per share₹101.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1200 shares
Fresh Issue Size61,56,000 shares7,53,600 shares
Fresh Issue Size (Amount)up to ₹70.79 Crup to ₹7.61 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total61,56,000 shares7,53,600 shares
Issue Size Total (Amount)up to ₹70.79 Crup to ₹7.61 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Gabriel Pet Straps IPO opens on Jan 31, 2024. The closing date of Alpex Solar IPO and Gabriel Pet Straps IPO is Feb 12, 2024, and Feb 02, 2024, respectively.

 Alpex Solar IPOGabriel Pet Straps IPO
Anchor Bid DateFeb 07, 2024
Issue OpenFeb 08, 2024Jan 31, 2024
Issue CloseFeb 12, 2024Feb 02, 2024
Basis Of Allotment (Tentative)Feb 13, 2024Feb 05, 2024
Initiation of Refunds (Tentative)Feb 14, 2024Feb 06, 2024
Credit of Share (Tentative)Feb 14, 2024Feb 06, 2024
Listing date (Tentative)Feb 15, 2024Feb 07, 2024
Anchor Lockin End date 1Mar 14, 2024
Anchor Lockin End date 2May 13, 2024

Financials & KPIs

Alpex Solar IPO P/E ratio is 54.66, as compared to Gabriel Pet Straps IPO P/E ratio of 35.94.

 Alpex Solar IPOGabriel Pet Straps IPO
Financials

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets14,188.4612,559.6410,003.759,935.35
Total Income21,310.7219,592.0716,853.6214,972.96
Profit After Tax760.58378.5819.42315.23
Net Worth4,906.864,146.293,767.703,748.28
Reserves and Surplus4,307.083,546.513,167.923,148.50
Total Borrowing4,175.154,735.732,669.982,992.68
Amount in ₹ Lakhs

Gabriel Pet Straps Limited Financial Information (Restated)

Gabriel Pet Straps Limited's revenue increased by 54.93% and profit after tax (PAT) rose by 1511.96% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended15 Oct 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,067.69742.16491.96106.64
Total Income451.901,500.60968.577.70
Profit After Tax17.3051.96-3.68
Net Worth203.30249.41183.7498.19
Reserves and Surplus18.42
Total Borrowing630.91297.48273.06
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)93.53100.00
Promoter Shareholding (Post-Issue)68.7669.84
P/E Ratio54.6635.94
Market Cap₹281.44 Cr.₹26.73 Cr.
ROE9.55%23.99%
ROCE18.81%46.89%
Debt/Equity1.141.19
EPS₹2.10₹2.81
RoNW9.55%20.83%

Shares Offered

In the Alpex Solar IPO Retail Individual Investors (RII) are offered 21,55,200 shares while in Gabriel Pet Straps IPO retail investors are offered 21,55,200 shares. Qualified Institutional Buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and in Gabriel Pet Straps IPO.

 Alpex Solar IPOGabriel Pet Straps IPO
Anchor Investor Reserveration18,45,600 shares
Market Maker Reserveration3,24,000 shares44,400 shares
QIB12,31,200 shares
NII9,24,000 shares3,76,800 shares
RII21,55,200 shares3,76,800 shares
Employee
Others
Total61,56,000 shares7,53,600 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Gabriel Pet Straps IPO subscribed 246.20x.

 Alpex Solar IPOGabriel Pet Straps IPO
QIB (times)141.48x
NII (times)502.31x361.56x
Big NII (times)
Small NII (times)
RII (times)351.89x122.92x
Employee (times)
Other (times)
Total (times)324.03x246.20x