Comparison between Jainam Ferro Alloys IPO and Promax Power IPO.
Jainam Ferro Alloys IPO is a SME Fixed Price IPO proposed to list at NSE SME while Promax Power IPO is a SME Fixed Price proposed to list at BSE SME.
| Jainam Ferro Alloys IPO | Promax Power IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | NSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Finshore Management Services Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Jainam Ferro Alloys IPO is up to ₹18.56 Cr whereas the issue size of the Promax Power IPO is up to ₹1.52 Cr. The final issue price of Jainam Ferro Alloys IPO is ₹70.00 per share and of Promax Power IPO is ₹10.00 per share.
| Jainam Ferro Alloys IPO | Promax Power IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ||
| Issue Price (Upper) | ||
| Issue Price (Final) | ₹70.00 per share | ₹10.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 10000 shares |
| Fresh Issue Size | 11,52,000 shares | 15,20,000 shares |
| Fresh Issue Size (Amount) | up to ₹8.06 Cr | up to ₹1.52 Cr |
| OFS Issue Size | 15,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹10.50 Cr | up to ₹0.00 Cr |
| Issue Size Total | 26,52,000 shares | 15,20,000 shares |
| Issue Size Total (Amount) | up to ₹18.56 Cr | up to ₹1.52 Cr |
Jainam Ferro Alloys IPO opens on Sep 28, 2021, while Promax Power IPO opens on Sep 30, 2021. The closing date of Jainam Ferro Alloys IPO and Promax Power IPO is Sep 30, 2021, and Oct 04, 2021, respectively.
| Jainam Ferro Alloys IPO | Promax Power IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 28, 2021 | Sep 30, 2021 |
| Issue Close | Sep 30, 2021 | Oct 04, 2021 |
| Basis Of Allotment (Tentative) | Oct 05, 2021 | Oct 07, 2021 |
| Initiation of Refunds (Tentative) | Oct 06, 2021 | Oct 08, 2021 |
| Credit of Share (Tentative) | Oct 07, 2021 | Oct 11, 2021 |
| Listing date (Tentative) | Oct 08, 2021 | Oct 12, 2021 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Jainam Ferro Alloys IPO P/E ratio is , as compared to Promax Power IPO P/E ratio of .
| Jainam Ferro Alloys IPO | Promax Power IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 100 | 99.99 | ||||
| Promoter Shareholding (Post-Issue) | 73.47 | 73.33 | ||||
| P/E Ratio | ||||||
| Market Cap | ₹73.93 Cr. | ₹6.00 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the Jainam Ferro Alloys IPO Retail Individual Investors (RII) are offered 13,26,000 shares while in Promax Power IPO retail investors are offered 13,26,000 shares. Qualified Institutional Buyers (QIB) are offered in Jainam Ferro Alloys IPO and in Promax Power IPO.
| Jainam Ferro Alloys IPO | Promax Power IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,50,000 shares | 80,000 shares |
| QIB | ||
| NII | 13,26,000 shares | 7,60,000 shares |
| RII | 13,26,000 shares | 7,60,000 shares |
| Employee | ||
| Others | ||
| Total | 26,52,000 shares | 15,20,000 shares |
Jainam Ferro Alloys IPO subscribed 6.65x in total, whereas Promax Power IPO subscribed 6.89x.
| Jainam Ferro Alloys IPO | Promax Power IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 6.23x | 2.39x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 7.07x | 11.38x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 6.65x | 6.89x |
