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Akash Infra-Projects IPO vs IFL Enterprises IPO

Comparison between Akash Infra-Projects IPO and IFL Enterprises IPO.

IPO Details

Akash Infra-Projects IPO is a SME Fixed Price IPO proposed to list at NSE SME while IFL Enterprises IPO is a SME Fixed Price proposed to list at BSE SME.

 Akash Infra-Projects IPOIFL Enterprises IPO
LogoAkash Infra-Projects IPO LogoIFL Enterprises IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersTipsons Consultancy Services Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.MSB E-Trade Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Akash Infra-Projects IPO is up to ₹24.15 Cr whereas the issue size of the IFL Enterprises IPO is up to ₹3.07 Cr. The final issue price of Akash Infra-Projects IPO is ₹125.00 per share and of IFL Enterprises IPO is ₹20.00 per share.

 Akash Infra-Projects IPOIFL Enterprises IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹125.00 per share₹20.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares6000 shares
Fresh Issue Size11,59,200 shares15,36,000 shares
Fresh Issue Size (Amount)up to ₹14.49 Crup to ₹3.07 Cr
OFS Issue Size7,72,800 shares0 shares
OFS Issue Size (Amount)up to ₹9.66 Crup to ₹0.00 Cr
Issue Size Total19,32,000 shares15,36,000 shares
Issue Size Total (Amount)up to ₹24.15 Crup to ₹3.07 Cr

IPO Timetable

Akash Infra-Projects IPO opens on Feb 28, 2017, while IFL Enterprises IPO opens on Mar 07, 2017. The closing date of Akash Infra-Projects IPO and IFL Enterprises IPO is Mar 06, 2017, and Mar 10, 2017, respectively.

 Akash Infra-Projects IPOIFL Enterprises IPO
Issue OpenFeb 28, 2017Mar 07, 2017
Issue CloseMar 06, 2017Mar 10, 2017
Basis Of Allotment (Tentative)Mar 16, 2017
Listing date (Tentative)Mar 15, 2017Mar 21, 2017

Financials & KPIs

Akash Infra-Projects IPO P/E ratio is , as compared to IFL Enterprises IPO P/E ratio of .

 Akash Infra-Projects IPOIFL Enterprises IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Aug 201631 Mar 201631 Mar 201531 Mar 2014
Assets76.5970.0282.3882.64
Total Income20.3874.6986.80141.74
Profit After Tax0.833.895.179.74
NET Worth51.2150.3947.0542.66
Reserves and Surplus44.8945.6442.3137.92
Total Borrowing13.179.3723.0420.08
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets5.843.114.082.38
Total Income1.860.390.080.08
Profit After Tax0.090.130.000.00
NET Worth3.093.002.322.32
Reserves and Surplus1.991.902.252.25
Total Borrowing2.61
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.85%70.57%
Promoter Shareholding (Post-Issue)72.16%32.35%
Market Cap₹94.85 Cr.₹6.00 Cr.

Shares Offered

In the Akash Infra-Projects IPO Retail Individual Investors (RII) are offered 9,66,000 shares while in IFL Enterprises IPO retail investors are offered 9,66,000 shares. Qualified Institutional Buyers (QIB) are offered in Akash Infra-Projects IPO and 0 shares in IFL Enterprises IPO.

 Akash Infra-Projects IPOIFL Enterprises IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,08,000 shares90,000 shares
QIB0 shares
NII9,66,000 shares7,68,000 shares
RII9,66,000 shares7,68,000 shares
Employee0 shares
Total19,32,000 shares15,36,000 shares

Bids Received (Subscription)

Akash Infra-Projects IPO subscribed 1.96x in total, whereas IFL Enterprises IPO subscribed 1.56x.

 Akash Infra-Projects IPOIFL Enterprises IPO
NII (times)2.04x1.23x
RII (times)1.88x1.88x
Total (times)1.96x1.56x

Compare with others

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RMC Switchgears IPOSanginita Chemicals IPO
Tanvi Foods IPOAkash Infra-Projects IPO
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Compare:

Akash Infra-Projects IPO Vs IFL Enterprises IPO