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D.P.Abhushan IPO vs IRIS Business Services IPO

Comparison between D.P.Abhushan IPO and IRIS Business Services IPO.

IPO Details

D.P.Abhushan IPO is a SME Fixed Price IPO proposed to list at NSE SME while IRIS Business Services IPO is a SME Fixed Price proposed to list at BSE SME.

 D.P.Abhushan IPOIRIS Business Services IPO
LogoD.P.Abhushan IPO LogoIRIS Business Services IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersHem Securities Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerHem Finlease Pvt.Ltd.Asit C.Mehta Investment Interrmediates 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 D.P.Abhushan IPO is up to ₹15.77 Cr whereas the issue size of the IRIS Business Services IPO is up to ₹15.18 Cr. The final issue price of D.P.Abhushan IPO is ₹28.00 per share and of IRIS Business Services IPO is ₹32.00 per share.

 D.P.Abhushan IPOIRIS Business Services IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹28.00 per share₹32.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size4000 shares4000 shares
Fresh Issue Size56,32,000 shares47,44,000 shares
Fresh Issue Size (Amount)up to ₹15.77 Crup to ₹15.18 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,32,000 shares47,44,000 shares
Issue Size Total (Amount)up to ₹15.77 Crup to ₹15.18 Cr

IPO Timetable

D.P.Abhushan IPO opens on Oct 09, 2017, while IRIS Business Services IPO opens on Sep 29, 2017. The closing date of D.P.Abhushan IPO and IRIS Business Services IPO is Oct 11, 2017, and Oct 04, 2017, respectively.

 D.P.Abhushan IPOIRIS Business Services IPO
Issue OpenOct 09, 2017Sep 29, 2017
Issue CloseOct 11, 2017Oct 04, 2017
Basis Of Allotment (Tentative)Oct 16, 2017Oct 09, 2017
Listing date (Tentative)Oct 23, 2017Oct 11, 2017

Financials & KPIs

D.P.Abhushan IPO P/E ratio is , as compared to IRIS Business Services IPO P/E ratio of .

 D.P.Abhushan IPOIRIS Business Services IPO
Financials

Company Financials (Restated)

Period Ended01 May 201731 Mar 201731 Mar 201631 Mar 2015
Assets146.19138.45144.80115.80
Total Income75.90453.71488.22459.89
Profit After Tax0.804.883.251.31
NET Worth22.2421.4316.9216.13
Total Borrowing98.5793.5194.1774.64
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended31 Mar 201731 Mar 201631 Mar 2015
Assets60.4963.9863.26
Total Income27.3432.7755.72
Profit After Tax-9.04-6.713.38
NET Worth19.9229.9335.68
Reserves and Surplus12.9922.9928.74
Total Borrowing15.2615.426.73
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%53.46%
Promoter Shareholding (Post-Issue)73.35%39.29%
Market Cap₹62.31 Cr.₹60.41 Cr.

Shares Offered

In the D.P.Abhushan IPO Retail Individual Investors (RII) are offered 28,16,000 shares while in IRIS Business Services IPO retail investors are offered 28,16,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in D.P.Abhushan IPO and 0 shares in IRIS Business Services IPO.

 D.P.Abhushan IPOIRIS Business Services IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,00,000 shares2,60,000 shares
QIB0 shares0 shares
NII28,16,000 shares23,72,000 shares
RII28,16,000 shares23,72,000 shares
Employee0 shares0 shares
Total56,32,000 shares47,44,000 shares

Bids Received (Subscription)

D.P.Abhushan IPO subscribed 41.60x in total, whereas IRIS Business Services IPO subscribed 2.39x.

 D.P.Abhushan IPOIRIS Business Services IPO
NII (times)67.95x4.21x
RII (times)15.24x0.56x
Total (times)41.60x2.39x

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Compare:

D.P.Abhushan IPO Vs IRIS Business Services IPO