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AIK Pipes IPO vs Manoj Ceramic IPO

Comparison between AIK Pipes IPO and Manoj Ceramic IPO.

IPO Details

AIK Pipes IPO is a SME Fixed Price IPO proposed to list at BSE SME while Manoj Ceramic IPO is a SME Fixed Price proposed to list at BSE SME.

 AIK Pipes IPOManoj Ceramic IPO
LogoAIK Pipes IPO LogoManoj Ceramic IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersShreni Shares Ltd.Swaraj shares & securities Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Purva Sharegistry (India) Pvt.Ltd.
Market MakerShreni Shares Ltd.Shreni Shares 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 AIK Pipes IPO is up to ₹14.27 Cr whereas the issue size of the Manoj Ceramic IPO is up to ₹13.74 Cr. The final issue price of AIK Pipes IPO is ₹89.00 per share and of Manoj Ceramic IPO is ₹62.00 per share.

 AIK Pipes IPOManoj Ceramic IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹89.00 per share₹62.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares2000 shares
Fresh Issue Size16,03,200 shares22,16,000 shares
Fresh Issue Size (Amount)up to ₹14.27 Crup to ₹13.74 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total16,03,200 shares22,16,000 shares
Issue Size Total (Amount)up to ₹14.27 Crup to ₹13.74 Cr

IPO Timetable

AIK Pipes IPO opens on Dec 26, 2023, while Manoj Ceramic IPO opens on Dec 27, 2023. The closing date of AIK Pipes IPO and Manoj Ceramic IPO is Dec 28, 2023, and Dec 29, 2023, respectively.

 AIK Pipes IPOManoj Ceramic IPO
Issue OpenDec 26, 2023Dec 27, 2023
Issue CloseDec 28, 2023Dec 29, 2023
Basis Of Allotment (Tentative)Dec 29, 2023Jan 01, 2024
Initiation of Refunds (Tentative)Jan 01, 2024Jan 02, 2024
Credit of Share (Tentative)Jan 01, 2024Jan 02, 2024
Listing date (Tentative)Jan 02, 2024Jan 03, 2024

Financials & KPIs

AIK Pipes IPO P/E ratio is 21.54, as compared to Manoj Ceramic IPO P/E ratio of 0.26.

 AIK Pipes IPOManoj Ceramic IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets16.3914.519.687.40
Total Income14.0030.7820.9110.21
Profit After Tax1.021.880.880.27
NET Worth6.625.612.030.85
Reserves and Surplus1.954.331.330.45
Total Borrowing4.305.384.323.83
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets84.9177.8858.6760.75
Total Income43.7574.9345.0037.31
Profit After Tax3.023.620.950.08
NET Worth16.1013.109.488.53
Reserves and Surplus7.609.105.484.53
Total Borrowing58.6350.5534.9639.26
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%99.55%
Promoter Shareholding (Post-Issue)73.47%71.67%
P/E Ratio21.540.26
Market Cap₹56.63 Cr.₹51.67 Cr.
ROE49.19
ROCE17.90
Debt/Equity0.963.86
EPS₹4.13₹241.62
RoNW33.5027.67

Shares Offered

In the AIK Pipes IPO Retail Individual Investors (RII) are offered 8,01,600 shares while in Manoj Ceramic IPO retail investors are offered 8,01,600 shares. Qualified Institutional Buyers (QIB) are offered in AIK Pipes IPO and in Manoj Ceramic IPO.

 AIK Pipes IPOManoj Ceramic IPO
Market Maker Reservation84,800 shares1,18,000 shares
NII8,01,600 shares11,08,000 shares
RII8,01,600 shares11,08,000 shares
Total16,03,200 shares22,16,000 shares

Bids Received (Subscription)

AIK Pipes IPO subscribed 41.55x in total, whereas Manoj Ceramic IPO subscribed 9.00x.

 AIK Pipes IPOManoj Ceramic IPO
NII (times)52.17x7.28x
RII (times)30.93x10.73x
Total (times)41.55x9.00x

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Compare:

AIK Pipes IPO Vs Manoj Ceramic IPO