Ashoka Metcast IPO vs Gujarat Hy-Spin IPO

Comparison between Ashoka Metcast IPO and Gujarat Hy-Spin IPO.

IPO Details

Ashoka Metcast IPO is a SME Fixed Price IPO proposed to list at BSE SME while Gujarat Hy-Spin IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Ashoka Metcast IPO is up to ₹11.38 Cr whereas the issue size of the Gujarat Hy-Spin IPO is up to ₹4.22 Cr. The final issue price of Ashoka Metcast IPO is ₹20.00 per share and of Gujarat Hy-Spin IPO is ₹10.00 per share.

 Ashoka Metcast IPOGujarat Hy-Spin IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares10000 shares
Fresh Issue Size56,88,000 shares0 shares
Fresh Issue Size (Amount)up to ₹11.38 Crup to ₹0.00 Cr
OFS Issue Size0 shares42,20,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.22 Cr
Issue Size Total56,88,000 shares42,20,000 shares
Issue Size Total (Amount)up to ₹11.38 Crup to ₹4.22 Cr

IPO Timetable

Ashoka Metcast IPO opens on Jan 23, 2018, while Gujarat Hy-Spin IPO opens on Jan 25, 2018. The closing date of Ashoka Metcast IPO and Gujarat Hy-Spin IPO is Jan 25, 2018, and Jan 31, 2018, respectively.

 Ashoka Metcast IPOGujarat Hy-Spin IPO
Issue OpenJan 23, 2018Jan 25, 2018
Issue CloseJan 25, 2018Jan 31, 2018
Basis Of Allotment (Tentative)Jan 31, 2018Feb 05, 2018
Listing date (Tentative)Feb 05, 2018Feb 08, 2018

Financials & KPIs

Ashoka Metcast IPO P/E ratio is , as compared to Gujarat Hy-Spin IPO P/E ratio of .

 Ashoka Metcast IPOGujarat Hy-Spin IPO
Financials

Company Financials (Restated)

Period Ended15 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.5910.5818.281.28
Total Income6.520.100.000.01
Profit After Tax0.050.010.000.01
NET Worth9.320.010.000.00
Reserves and Surplus4.760.00-0.01-0.01
Total Borrowing5.050.101.28
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets64.1959.3561.6256.60
Total Income26.3952.0551.8952.12
Profit After Tax0.170.150.04-0.34
NET Worth18.6318.0517.3716.22
Reserves and Surplus1.881.300.62-0.53
Total Borrowing28.5631.4735.9334.33
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%100%
Promoter Shareholding (Post-Issue)43.98%55.11%
Market Cap₹21.42 Cr.₹16.75 Cr.

Shares Offered

In the Ashoka Metcast IPO Retail Individual Investors (RII) are offered 28,44,000 shares while in Gujarat Hy-Spin IPO retail investors are offered 28,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ashoka Metcast IPO and 0 shares in Gujarat Hy-Spin IPO.

 Ashoka Metcast IPOGujarat Hy-Spin IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,12,000 shares2,30,000 shares
QIB0 shares0 shares
NII28,44,000 shares21,10,000 shares
RII28,44,000 shares21,10,000 shares
Employee0 shares0 shares
Total56,88,000 shares42,20,000 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas Gujarat Hy-Spin IPO subscribed 4.81x.

 Ashoka Metcast IPOGujarat Hy-Spin IPO
NII (times)0.51x1.89x
RII (times)2.63x7.73x
Total (times)1.57x4.81x

Compare with others

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Ashoka Metcast IPO Vs Gujarat Hy-Spin IPO