Comparison between Australian Premium Solar IPO and IBL Finance IPO.
Australian Premium Solar IPO is a SME Fixed Price IPO proposed to list at NSE SME while IBL Finance IPO is a SME Fixed Price proposed to list at NSE SME.
| Australian Premium Solar IPO | IBL Finance IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Beeline Capital Advisors Pvt.Ltd. | Fedex Securities Pvt.Ltd. |
| Registrar | MUFG Intime India Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Spread X Securities Pvt.Ltd. | Market-Hub Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Australian Premium Solar IPO is up to ₹26.68 Cr whereas the issue size of the IBL Finance IPO is up to ₹31.72 Cr. The final issue price of Australian Premium Solar IPO is ₹54.00 per share and of IBL Finance IPO is ₹51.00 per share.
| Australian Premium Solar IPO | IBL Finance IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | |
| Issue Price (Upper) | ₹54.00 per share | |
| Issue Price (Final) | ₹54.00 per share | ₹51.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 49,40,000 shares | 62,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹26.68 Cr | up to ₹31.72 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 49,40,000 shares | 62,20,000 shares |
| Issue Size Total (Amount) | up to ₹26.68 Cr | up to ₹31.72 Cr |
Australian Premium Solar IPO opens on Jan 11, 2024, while IBL Finance IPO opens on Jan 09, 2024. The closing date of Australian Premium Solar IPO and IBL Finance IPO is Jan 15, 2024, and Jan 11, 2024, respectively.
| Australian Premium Solar IPO | IBL Finance IPO | |
|---|---|---|
| Anchor Bid Date | Jan 10, 2024 | |
| Issue Open | Jan 11, 2024 | Jan 09, 2024 |
| Issue Close | Jan 15, 2024 | Jan 11, 2024 |
| Basis Of Allotment (Tentative) | Jan 16, 2024 | Jan 12, 2024 |
| Initiation of Refunds (Tentative) | Jan 17, 2024 | Jan 15, 2024 |
| Credit of Share (Tentative) | Jan 17, 2024 | Jan 15, 2024 |
| Listing date (Tentative) | Jan 18, 2024 | Jan 16, 2024 |
| Anchor Lockin End date 1 | Feb 15, 2024 | |
| Anchor Lockin End date 2 | Apr 15, 2024 |
Australian Premium Solar IPO P/E ratio is 23.58, as compared to IBL Finance IPO P/E ratio of 48.08.
| Australian Premium Solar IPO | IBL Finance IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Australian Premium Solar (India) Limited Financial Information (Restated)Australian Premium Solar (India) Limited's revenue decreased by -3.43% and profit after tax (PAT) rose by 23.27% between the financial year ending with March 31, 2023 and March 31, 2022.
| IBL Finance Limited Financial Information (Restated)IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 99.98 | 85.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.64 | 62.89 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.58 | 48.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹106.60 Cr. | ₹126.13 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 26.05% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 30.62% | 18.88% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.15 | 0.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.29 | ₹1.06 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 23.05% | 9.41% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Australian Premium Solar IPO Retail Individual Investors (RII) are offered 17,30,000 shares while in IBL Finance IPO retail investors are offered 17,30,000 shares. Qualified Institutional Buyers (QIB) are offered 9,88,000 shares in Australian Premium Solar IPO and in IBL Finance IPO.
| Australian Premium Solar IPO | IBL Finance IPO | |
|---|---|---|
| Anchor Investor Reserveration | 14,80,000 shares | |
| Market Maker Reserveration | 2,60,000 shares | 3,30,000 shares |
| QIB | 9,88,000 shares | |
| NII | 7,42,000 shares | 31,10,000 shares |
| RII | 17,30,000 shares | 31,10,000 shares |
| Employee | ||
| Others | ||
| Total | 49,40,000 shares | 62,20,000 shares |
Australian Premium Solar IPO subscribed 464.19x in total, whereas IBL Finance IPO subscribed 17.00x.
| Australian Premium Solar IPO | IBL Finance IPO | |
|---|---|---|
| QIB (times) | 107.02x | |
| NII (times) | 772.87x | 9.94x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 535.77x | 24.03x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 464.19x | 17.00x |
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