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Axita Cotton IPO vs Kranti Industries IPO

Comparison between Axita Cotton IPO and Kranti Industries IPO.

IPO Details

Axita Cotton IPO is a SME Fixed Price IPO proposed to list at BSE SME while Kranti Industries IPO is a SME Fixed Price proposed to list at BSE SME.

 Axita Cotton IPOKranti Industries IPO
LogoAxita Cotton IPO LogoKranti Industries IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersBeeline Broking Ltd.Novus Capital Advisors Pvt.Ltd.
RegistrarMUFG Intime India Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerBeeline Broking Ltd.SMC Global 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 Axita Cotton IPO is up to ₹9.96 Cr whereas the issue size of the Kranti Industries IPO is up to ₹8.15 Cr. The final issue price of Axita Cotton IPO is ₹60.00 per share and of Kranti Industries IPO is ₹37.00 per share.

 Axita Cotton IPOKranti Industries IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹60.00 per share₹37.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size2000 shares3000 shares
Fresh Issue Size16,60,000 shares16,35,000 shares
Fresh Issue Size (Amount)up to ₹9.96 Crup to ₹6.05 Cr
OFS Issue Size0 shares5,67,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.10 Cr
Issue Size Total16,60,000 shares22,02,000 shares
Issue Size Total (Amount)up to ₹9.96 Crup to ₹8.15 Cr

IPO Timetable

Axita Cotton IPO opens on Dec 27, 2018, while Kranti Industries IPO opens on Feb 14, 2019. The closing date of Axita Cotton IPO and Kranti Industries IPO is Jan 02, 2019, and Feb 20, 2019, respectively.

 Axita Cotton IPOKranti Industries IPO
Issue OpenDec 27, 2018Feb 14, 2019
Issue CloseJan 02, 2019Feb 20, 2019
Basis Of Allotment (Tentative)Jan 07, 2019Feb 25, 2019
Initiation of Refunds (Tentative)Jan 08, 2019
Credit of Share (Tentative)Jan 09, 2019
Listing date (Tentative)Jan 10, 2019Feb 28, 2019

Financials & KPIs

Axita Cotton IPO P/E ratio is , as compared to Kranti Industries IPO P/E ratio of .

 Axita Cotton IPOKranti Industries IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 201831 Mar 201831 Mar 201731 Mar 2016
Assets25.5622.2917.5113.87
Total Income21.22123.9291.5268.76
Profit After Tax0.330.820.030.12
EBITDA1.093.441.751.98
NET Worth3.503.162.352.30
Reserves and Surplus1.060.73-0.07-0.10
Total Borrowing16.6216.9614.9111.20
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201831 Mar 201831 Mar 201731 Mar 2016
Assets50.1543.7844.0141.35
Total Income33.2246.1129.2528.84
Profit After Tax1.370.89-0.94-0.21
EBITDA4.665.774.846.13
NET Worth14.4013.0312.1413.07
Reserves and Surplus7.355.985.096.02
Total Borrowing22.2119.1420.1821.21
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%98.93%
Promoter Shareholding (Post-Issue)73.26%72.79%
Market Cap₹39.31 Cr.₹32.57 Cr.

Shares Offered

In the Axita Cotton IPO Retail Individual Investors (RII) are offered 8,30,000 shares while in Kranti Industries IPO retail investors are offered 8,30,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Axita Cotton IPO and in Kranti Industries IPO.

 Axita Cotton IPOKranti Industries IPO
Anchor Investor Reservation0 shares
Market Maker Reservation92,000 shares1,17,000 shares
QIB0 shares
NII8,30,000 shares11,01,000 shares
RII8,30,000 shares11,01,000 shares
Employee0 shares
Total16,60,000 shares22,02,000 shares

Bids Received (Subscription)

Axita Cotton IPO subscribed 1.98x in total, whereas Kranti Industries IPO subscribed 1.29x.

 Axita Cotton IPOKranti Industries IPO
NII (times)2.40x1.26x
RII (times)1.55x1.31x
Total (times)1.98x1.29x

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Compare:

Axita Cotton IPO Vs Kranti Industries IPO