Comparison between AIK Pipes IPO and Indifra IPO.
IPO Details
AIK Pipes IPO is a SME Fixed Price IPO proposed to list at BSE SME while Indifra IPO is a SME Fixed Price proposed to list at NSE SME.
Issue Size and Price
The total issue size of AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the Indifra IPO is up to ₹13.34 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Indifra IPO is ₹65.00 per share.
IPO Timetable
AIK Pipes IPO opens on Dec 26, 2023, while Indifra IPO opens on Dec 21, 2023. The closing date of AIK Pipes IPO and Indifra IPO is Dec 28, 2023, and Dec 26, 2023, respectively.
| | AIK Pipes IPO | Indifra IPO |
|---|
| Anchor Bid Date | | |
| Issue Open | Dec 26, 2023 | Dec 21, 2023 |
| Issue Close | Dec 28, 2023 | Dec 26, 2023 |
| Basis Of Allotment (Tentative) | Dec 29, 2023 | Dec 27, 2023 |
| Initiation of Refunds (Tentative) | Jan 01, 2024 | Dec 28, 2023 |
| Credit of Share (Tentative) | Jan 01, 2024 | Dec 28, 2023 |
| Listing date (Tentative) | Jan 02, 2024 | Dec 29, 2023 |
| Anchor Lockin End date 1 | | |
| Anchor Lockin End date 2 | | |
Financials & KPIs
AIK Pipes IPO P/E ratio is 21.54, as compared to Indifra IPO P/E ratio of 11.23.
Shares Offered
In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Indifra IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and in Indifra IPO.
| | AIK Pipes IPO | Indifra IPO |
|---|
| Anchor Investor Reservation | | |
| Market Maker Reservation | 84,800 shares | 1,08,000 shares |
| QIB | | |
| NII | 8,01,600 shares | 10,26,000 shares |
| RII | 8,01,600 shares | 10,26,000 shares |
| Employee | | |
| Others | | |
| Total | 16,03,200 shares | 20,52,000 shares |
Bids Received (Subscription)
AIK Pipes IPO subscribed 43.57x in total, whereas Indifra IPO subscribed 7.21x.
