Ascom Leasing IPO vs Galactico Corporate IPO

Comparison between Ascom Leasing IPO and Galactico Corporate IPO.

IPO Details

Ascom Leasing IPO is a SME Fixed Price IPO proposed to list at NSE SME while Galactico Corporate IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ascom Leasing IPO is up to ₹6.00 Cr whereas the issue size of the Galactico Corporate IPO is up to ₹3.51 Cr. The final issue price of Ascom Leasing IPO is ₹30.00 per share and of Galactico Corporate IPO is ₹23.00 per share.

 Ascom Leasing IPOGalactico Corporate IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹30.00 per share₹23.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares6000 shares
Fresh Issue Size20,00,000 shares2,16,000 shares
Fresh Issue Size (Amount)up to ₹6.00 Crup to ₹0.50 Cr
OFS Issue Size0 shares13,08,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹3.01 Cr
Issue Size Total20,00,000 shares15,24,000 shares
Issue Size Total (Amount)up to ₹6.00 Crup to ₹3.51 Cr

IPO Timetable

Ascom Leasing IPO opens on Nov 26, 2019, while Galactico Corporate IPO opens on Sep 24, 2019. The closing date of Ascom Leasing IPO and Galactico Corporate IPO is Nov 28, 2019, and Sep 27, 2019, respectively.

 Ascom Leasing IPOGalactico Corporate IPO
Issue OpenNov 26, 2019Sep 24, 2019
Issue CloseNov 28, 2019Sep 27, 2019
Listing date (Tentative)Dec 06, 2019Oct 09, 2019

Financials & KPIs

Ascom Leasing IPO P/E ratio is , as compared to Galactico Corporate IPO P/E ratio of .

 Ascom Leasing IPOGalactico Corporate IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 201931 Mar 201931 Mar 201831 Mar 2017
Assets26.9127.0516.208.13
Total Income2.629.146.243.66
Profit After Tax1.973.454.440.49
NET Worth16.2314.2610.766.12
Reserves and Surplus10.538.565.050.56
Total Borrowing9.6710.344.971.15
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201931 Mar 201831 Mar 2017
Assets12.9112.177.93
Total Income1.971.600.52
Profit After Tax0.740.850.32
NET Worth12.3011.567.07
Reserves and Surplus6.876.137.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.94%99.99%
Promoter Shareholding (Post-Issue)72.24%71.94%
Market Cap₹23.43 Cr.₹13.18 Cr.

Shares Offered

In the Ascom Leasing IPO Retail Individual Investors (RII) are offered 10,00,000 shares while in Galactico Corporate IPO retail investors are offered 10,00,000 shares. Qualified Institutional Buyers (QIB) are offered in Ascom Leasing IPO and 0 shares in Galactico Corporate IPO.

 Ascom Leasing IPOGalactico Corporate IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,08,000 shares84,000 shares
QIB0 shares
NII10,00,000 shares7,62,000 shares
RII10,00,000 shares7,62,000 shares
Employee0 shares
Total20,00,000 shares15,24,000 shares

Bids Received (Subscription)

Ascom Leasing IPO subscribed 1.47x in total, whereas Galactico Corporate IPO subscribed 1.16x.

 Ascom Leasing IPOGalactico Corporate IPO
NII (times)1.92x1.76x
RII (times)1.03x0.56x
Total (times)1.47x1.16x

Compare with others

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Ascom Leasing IPO Vs Galactico Corporate IPO