Comparison between Lakshya Powertech IPO and Usha Financial IPO.
Lakshya Powertech IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Usha Financial IPO is a SME Bookbuilding proposed to list at NSE SME.
| Lakshya Powertech IPO | Usha Financial IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | GYR Capital Advisors Pvt.Ltd. | Unistone Capital Pvt.Ltd. |
| Registrar | Kfin Technologies Ltd. | Skyline Financial Services Pvt.Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | SS Corporate Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | Anchor Investor |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Lakshya Powertech IPO is up to ₹47.14 Cr whereas the issue size of the Usha Financial IPO is up to ₹93.06 Cr. The final issue price of Lakshya Powertech IPO is ₹180.00 per share and of Usha Financial IPO is ₹168.00 per share.
| Lakshya Powertech IPO | Usha Financial IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹171.00 per share | ₹160.00 per share |
| Issue Price (Upper) | ₹180.00 per share | ₹168.00 per share |
| Issue Price (Final) | ₹180.00 per share | ₹168.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹15.00 per share | |
| Market Lot Size | 800 shares | 800 shares |
| Fresh Issue Size | 26,24,800 shares | 55,39,200 shares |
| Fresh Issue Size (Amount) | up to ₹47.14 Cr | up to ₹93.06 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 | 26,24,800 shares | 55,39,200 shares |
| Issue Size Total (Amount) | up to ₹47.14 Cr | up to ₹93.06 Cr |
Lakshya Powertech IPO opens on Oct 16, 2024, while Usha Financial IPO opens on Oct 24, 2024. The closing date of Lakshya Powertech IPO and Usha Financial IPO is Oct 18, 2024, and Oct 28, 2024, respectively.
| Lakshya Powertech IPO | Usha Financial IPO | |
|---|---|---|
| Anchor Bid Date | Oct 15, 2024 | Oct 23, 2024 |
| Issue Open | Oct 16, 2024 | Oct 24, 2024 |
| Issue Close | Oct 18, 2024 | Oct 28, 2024 |
| Basis Of Allotment (Tentative) | Oct 21, 2024 | Oct 29, 2024 |
| Initiation of Refunds (Tentative) | Oct 22, 2024 | Oct 30, 2024 |
| Credit of Share (Tentative) | Oct 22, 2024 | Oct 30, 2024 |
| Listing date (Tentative) | Oct 23, 2024 | Oct 31, 2024 |
| Anchor Lockin End date 1 | Nov 19, 2024 | Nov 28, 2024 |
| Anchor Lockin End date 2 | Jan 18, 2025 | Jan 27, 2025 |
Lakshya Powertech IPO P/E ratio is 8.39, as compared to Usha Financial IPO P/E ratio of 19.83.
| Lakshya Powertech IPO | Usha Financial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Lakshya Powertech Limited Financial Information (Restated)Lakshya Powertech Limited's revenue increased by 181% and profit after tax (PAT) rose by 478% between the financial year ending with March 31, 2024 and March 31, 2023.
| Usha Financial Services Limited Financial Information (Restated)Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 96.84 | 98.91 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.24 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.39 | 19.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹181.51 Cr. | ₹365.19 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 16% | 9.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 13.41% | 12.02% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.83 | 1.70 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹21.44 | ₹8.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.84% | 9.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Lakshya Powertech IPO Retail Individual Investors (RII) are offered 8,96,000 shares while in Usha Financial IPO retail investors are offered 8,96,000 shares. Qualified Institutional Buyers (QIB) are offered 5,16,800 shares in Lakshya Powertech IPO and 11,08,000 shares in Usha Financial IPO.
| Lakshya Powertech IPO | Usha Financial IPO | |
|---|---|---|
| Anchor Investor Reserveration | 7,44,000 shares | 16,60,800 shares |
| Market Maker Reserveration | 1,48,000 shares | 3,20,800 shares |
| QIB | 5,16,800 shares | 11,08,000 shares |
| NII | 3,96,000 shares | 8,31,200 shares |
| RII | 8,96,000 shares | 19,39,200 shares |
| Employee | 72,000 shares | |
| Others | ||
| Total | 26,24,800 shares | 55,39,200 shares |
Lakshya Powertech IPO subscribed 573.36x in total, whereas Usha Financial IPO subscribed 19.37x.
| Lakshya Powertech IPO | Usha Financial IPO | |
|---|---|---|
| QIB (times) | 212.18x | 10.04x |
| NII (times) | 1,117.75x | 28.55x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 590.26x | 20.76x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 573.36x | 19.37x |
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