Comparison between AIK Pipes IPO and Indifra IPO.
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.
| AIK Pipes IPO | Indifra IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Shreni Shares Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Shreni Shares Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
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.
| AIK Pipes IPO | Indifra IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹89.00 per share | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 2000 shares |
| Fresh Issue Size | 16,03,200 shares | 20,52,000 shares |
| Fresh Issue Size (Amount) | up to ₹14.27 Cr | up to ₹13.34 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 | 16,03,200 shares | 20,52,000 shares |
| Issue Size Total (Amount) | up to ₹14.27 Cr | up to ₹13.34 Cr |
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 |
AIK Pipes IPO P/E ratio is 21.54, as compared to Indifra IPO P/E ratio of 11.23.
| AIK Pipes IPO | Indifra IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | AIK Pipes And Polymers Limited Financial Information (Restated)AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.
| Indifra Limited Financial Information (Restated)Indifra Limited's revenue decreased by -8.3% and profit after tax (PAT) rose by 148.07% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 100 | 96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 73.47 | 67.55 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 21.54 | 11.23 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹56.63 Cr. | ₹47.39 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 49.19% | 82.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 17.90% | 86.21% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.96 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹4.13 | ₹5.79 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 33.50 | 82.45% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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 Reserveration | ||
| Market Maker Reserveration | 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 |
AIK Pipes IPO subscribed 43.57x in total, whereas Indifra IPO subscribed 7.21x.
| AIK Pipes IPO | Indifra IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 52.17x | 2.34x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 30.93x | 12.07x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 43.57x | 7.21x |
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