ProStocks Logo
Unlimited Trades ₹899 Monthly
www.ProStocks.com
Contact us

Akshar Spintex IPO vs Milestone Furniture IPO

Comparison between Akshar Spintex IPO and Milestone Furniture IPO.

IPO Details

Akshar Spintex IPO is a SME Fixed Price IPO proposed to list at BSE SME while Milestone Furniture IPO is a SME Fixed Price proposed to list at BSE SME.

 Akshar Spintex IPOMilestone Furniture IPO
LogoAkshar Spintex IPO LogoMilestone Furniture IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersPantomath Capital Advisors Pvt.Ltd.Monarch Networth Capital Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerPantomath Stock Brokers Pvt.Ltd.Monarch Networth Capital 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 Akshar Spintex IPO is up to ₹25.61 Cr whereas the issue size of the Milestone Furniture IPO is up to ₹14.09 Cr. The final issue price of Akshar Spintex IPO is ₹40.00 per share and of Milestone Furniture IPO is ₹45.00 per share.

 Akshar Spintex IPOMilestone Furniture IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹40.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares3000 shares
Fresh Issue Size6,54,000 shares31,32,000 shares
Fresh Issue Size (Amount)up to ₹2.62 Crup to ₹14.09 Cr
OFS Issue Size57,48,000 shares0 shares
OFS Issue Size (Amount)up to ₹22.99 Crup to ₹0.00 Cr
Issue Size Total64,02,000 shares31,32,000 shares
Issue Size Total (Amount)up to ₹25.61 Crup to ₹14.09 Cr

IPO Timetable

Akshar Spintex IPO opens on Apr 27, 2018, while Milestone Furniture IPO opens on May 07, 2018. The closing date of Akshar Spintex IPO and Milestone Furniture IPO is May 03, 2018, and May 11, 2018, respectively.

 Akshar Spintex IPOMilestone Furniture IPO
Issue OpenApr 27, 2018May 07, 2018
Issue CloseMay 03, 2018May 11, 2018
Basis Of Allotment (Tentative)May 08, 2018May 16, 2018
Initiation of Refunds (Tentative)May 17, 2018
Credit of Share (Tentative)May 18, 2018
Listing date (Tentative)May 11, 2018May 21, 2018

Financials & KPIs

Akshar Spintex IPO P/E ratio is , as compared to Milestone Furniture IPO P/E ratio of .

 Akshar Spintex IPOMilestone Furniture IPO
Financials

Company Financials (Restated)

Period Ended31 Oct 201731 Mar 201731 Mar 201631 Mar 2015
Assets91.9882.1974.8870.30
Total Income55.6090.3959.8415.62
Profit After Tax2.795.392.67-0.51
NET Worth34.3331.5426.1619.50
Reserves and Surplus10.337.542.16-0.51
Total Borrowing35.5036.1938.3541.40
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.255.322.302.17
Total Income23.728.955.523.32
Profit After Tax0.800.320.200.05
NET Worth6.064.010.300.10
Reserves and Surplus2.061.010.290.09
Total Borrowing5.950.830.710.83
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)63.23%100%
Promoter Shareholding (Post-Issue)46.06%64.54%
Market Cap₹100.00 Cr.₹41.84 Cr.

Shares Offered

In the Akshar Spintex IPO Retail Individual Investors (RII) are offered 32,01,000 shares while in Milestone Furniture IPO retail investors are offered 32,01,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Akshar Spintex IPO and 0 shares in Milestone Furniture IPO.

 Akshar Spintex IPOMilestone Furniture IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,45,000 shares1,65,000 shares
QIB0 shares0 shares
NII32,01,000 shares15,66,000 shares
RII32,01,000 shares15,66,000 shares
Employee0 shares0 shares
Total64,02,000 shares31,32,000 shares

Bids Received (Subscription)

Akshar Spintex IPO subscribed 5.48x in total, whereas Milestone Furniture IPO subscribed 3.70x.

 Akshar Spintex IPOMilestone Furniture IPO
NII (times)1.71x0.72x
RII (times)9.24x6.67x
Total (times)5.48x3.70x

Compare with others

Akshar Spintex IPOMilestone Furniture IPO
Milestone Furniture IPOSuumaya Lifestyle IPO
E2E Networks IPOMegastar Foods IPO
Five Core Electronics IPOInnovators Facade Systems IPO
SoftTech Engineers IPOSirca Paints IPO
Godha Cabcon IPOU.H.Zaveri IPO
Dr Lalchandani Labs IPOE2E Networks IPO
Aakash Exploration IPOFive Core Electronics IPO
Garv Industries IPOSoftTech Engineers IPO
Indo US Bio-Tech IPOGodha Cabcon IPO
Bombay Super Hybrid Seeds IPOAkshar Spintex IPO

Compare:

Akshar Spintex IPO Vs Milestone Furniture IPO