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Akash Infra-Projects IPO vs Nitiraj Engineers IPO

Comparison between Akash Infra-Projects IPO and Nitiraj Engineers IPO.

IPO Details

Akash Infra-Projects IPO is a SME Fixed Price IPO proposed to list at NSE SME while Nitiraj Engineers IPO is a SME Fixed Price proposed to list at NSE SME.

 Akash Infra-Projects IPONitiraj Engineers IPO
LogoAkash Infra-Projects IPO LogoNitiraj Engineers IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMENSE SME
Lead ManagersTipsons Consultancy Services Pvt.Ltd.Arihant Capital Markets Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Alacrity 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 Akash Infra-Projects IPO is up to ₹24.15 Cr whereas the issue size of the Nitiraj Engineers IPO is up to ₹20.90 Cr. The final issue price of Akash Infra-Projects IPO is ₹125.00 per share and of Nitiraj Engineers IPO is ₹100.00 per share.

 Akash Infra-Projects IPONitiraj Engineers IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹125.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares1200 shares
Fresh Issue Size11,59,200 shares20,90,400 shares
Fresh Issue Size (Amount)up to ₹14.49 Crup to ₹20.90 Cr
OFS Issue Size7,72,800 shares0 shares
OFS Issue Size (Amount)up to ₹9.66 Crup to ₹0.00 Cr
Issue Size Total19,32,000 shares20,90,400 shares
Issue Size Total (Amount)up to ₹24.15 Crup to ₹20.90 Cr

IPO Timetable

Akash Infra-Projects IPO opens on Feb 28, 2017, while Nitiraj Engineers IPO opens on Feb 20, 2017. The closing date of Akash Infra-Projects IPO and Nitiraj Engineers IPO is Mar 06, 2017, and Mar 01, 2017, respectively.

 Akash Infra-Projects IPONitiraj Engineers IPO
Issue OpenFeb 28, 2017Feb 20, 2017
Issue CloseMar 06, 2017Mar 01, 2017
Basis Of Allotment (Tentative)Mar 06, 2017
Listing date (Tentative)Mar 15, 2017Mar 09, 2017

Financials & KPIs

Akash Infra-Projects IPO P/E ratio is , as compared to Nitiraj Engineers IPO P/E ratio of .

 Akash Infra-Projects IPONitiraj Engineers IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Aug 201631 Mar 201631 Mar 201531 Mar 2014
Assets76.5970.0282.3882.64
Total Income20.3874.6986.80141.74
Profit After Tax0.833.895.179.74
NET Worth51.2150.3947.0542.66
Reserves and Surplus44.8945.6442.3137.92
Total Borrowing13.179.3723.0420.08
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets50.3349.0937.0632.70
Total Income32.0156.5443.8741.17
Profit After Tax4.515.504.183.89
NET Worth37.6133.4728.0623.87
Reserves and Surplus31.6127.4727.0622.87
Total Borrowing5.427.192.020.25
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.85%90.00%
Promoter Shareholding (Post-Issue)72.16%65.85%
Market Cap₹94.85 Cr.₹82.01 Cr.

Shares Offered

In the Akash Infra-Projects IPO Retail Individual Investors (RII) are offered 9,66,000 shares while in Nitiraj Engineers IPO retail investors are offered 9,66,000 shares. Qualified Institutional Buyers (QIB) are offered in Akash Infra-Projects IPO and 0 shares in Nitiraj Engineers IPO.

 Akash Infra-Projects IPONitiraj Engineers IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,08,000 shares1,10,400 shares
QIB0 shares
NII9,66,000 shares10,45,200 shares
RII9,66,000 shares10,45,200 shares
Employee0 shares
Total19,32,000 shares20,90,400 shares

Bids Received (Subscription)

Akash Infra-Projects IPO subscribed 1.96x in total, whereas Nitiraj Engineers IPO subscribed 1.43x.

 Akash Infra-Projects IPONitiraj Engineers IPO
NII (times)2.04x1.68x
RII (times)1.88x1.18x
Total (times)1.96x1.43x

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Compare:

Akash Infra-Projects IPO Vs Nitiraj Engineers IPO