Comparison between AMIC Forging IPO and Net Avenue Technologies IPO.
AMIC Forging IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Net Avenue Technologies IPO is a SME Bookbuilding proposed to list at NSE SME.
| AMIC Forging IPO | Net Avenue Technologies IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Gretex Corporate Services Ltd. | Shreni Shares Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Gretex Share Broking Pvt.Ltd. | Shreni Shares 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 AMIC Forging IPO is up to ₹33.05 Cr whereas the issue size of the Net Avenue Technologies IPO is up to ₹9.73 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Net Avenue Technologies IPO is ₹18.00 per share.
| AMIC Forging IPO | Net Avenue Technologies IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹1 per share |
| Issue Price (Lower) | ₹121.00 per share | ₹16.00 per share |
| Issue Price (Upper) | ₹126.00 per share | ₹18.00 per share |
| Issue Price (Final) | ₹126.00 per share | ₹18.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1000 shares | 8000 shares |
| Fresh Issue Size | 26,23,000 shares | 54,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹33.05 Cr | up to ₹9.73 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 | 26,23,000 shares | 54,08,000 shares |
| Issue Size Total (Amount) | up to ₹33.05 Cr | up to ₹9.73 Cr |
AMIC Forging IPO opens on Nov 29, 2023, while Net Avenue Technologies IPO opens on Nov 30, 2023. The closing date of AMIC Forging IPO and Net Avenue Technologies IPO is Dec 01, 2023, and Dec 04, 2023, respectively.
| AMIC Forging IPO | Net Avenue Technologies IPO | |
|---|---|---|
| Anchor Bid Date | Nov 28, 2023 | Nov 29, 2023 |
| Issue Open | Nov 29, 2023 | Nov 30, 2023 |
| Issue Close | Dec 01, 2023 | Dec 04, 2023 |
| Basis Of Allotment (Tentative) | Dec 04, 2023 | Dec 07, 2023 |
| Initiation of Refunds (Tentative) | Dec 05, 2023 | Dec 08, 2023 |
| Credit of Share (Tentative) | Dec 05, 2023 | Dec 11, 2023 |
| Listing date (Tentative) | Dec 06, 2023 | Dec 08, 2023 |
| Anchor Lockin End date 1 | Jan 03, 2024 | Jan 06, 2024 |
| Anchor Lockin End date 2 | Mar 03, 2024 | Mar 06, 2024 |
AMIC Forging IPO P/E ratio is 1.01, as compared to Net Avenue Technologies IPO P/E ratio of 8.57.
| AMIC Forging IPO | Net Avenue Technologies IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | AMIC Forging Limited Financial Information (Restated Consolidated)AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.
| Net Avenue Technologies Limited Financial Information (Restated Consolidated)Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 78.38 | 45.31 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 57.74 | 33.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 1.01 | 8.57 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹132.15 Cr. | ₹38.62 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 71.25% | 127.77% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 55.78% | 5.28% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | 1.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.83 | ₹2.10 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 49.40% | 75.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the AMIC Forging IPO Retail Individual Investors (RII) are offered 9,19,000 shares while in Net Avenue Technologies IPO retail investors are offered 9,19,000 shares. Qualified Institutional Buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and 10,80,000 shares in Net Avenue Technologies IPO.
| AMIC Forging IPO | Net Avenue Technologies IPO | |
|---|---|---|
| Anchor Investor Reserveration | 7,86,000 shares | 16,16,000 shares |
| Market Maker Reserveration | 1,39,000 shares | 2,88,000 shares |
| QIB | 5,24,000 shares | 10,80,000 shares |
| NII | 3,94,000 shares | 8,16,000 shares |
| RII | 9,19,000 shares | 18,96,000 shares |
| Employee | ||
| Others | ||
| Total | 26,23,000 shares | 54,08,000 shares |
AMIC Forging IPO subscribed 289.05x in total, whereas Net Avenue Technologies IPO subscribed 511.21x.
| AMIC Forging IPO | Net Avenue Technologies IPO | |
|---|---|---|
| QIB (times) | 91.43x | 61.99x |
| NII (times) | 589.27x | 616.25x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 273.01x | 721.89x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 289.05x | 511.21x |
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