Comparison between Azad Engineering IPO and Nova AgriTech IPO.
Azad Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Nova AgriTech IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Nova AgriTech IPO is up to ₹143.81 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Nova AgriTech IPO is ₹41.00 per share.
| Azad Engineering IPO | Nova AgriTech IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹2 per share |
| Issue Price (Lower) | ₹499.00 per share | ₹39.00 per share |
| Issue Price (Upper) | ₹524.00 per share | ₹41.00 per share |
| Issue Price (Final) | ₹524.00 per share | ₹41.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 28 shares | 365 shares |
| Fresh Issue Size | 45,80,151 shares | 2,73,17,073 shares |
| Fresh Issue Size (Amount) | up to ₹240.00 Cr | up to ₹112.00 Cr |
| OFS Issue Size | 95,41,957 shares | 77,58,620 shares |
| OFS Issue Size (Amount) | up to ₹500.00 Cr | up to ₹31.81 Cr |
| Issue Size Total | 1,41,22,108 shares | 3,50,75,693 shares |
| Issue Size Total (Amount) | up to ₹740.00 Cr | up to ₹143.81 Cr |
Azad Engineering IPO opens on Dec 20, 2023, while Nova AgriTech IPO opens on Jan 23, 2024. The closing date of Azad Engineering IPO and Nova AgriTech IPO is Dec 22, 2023, and Jan 25, 2024, respectively.
| Azad Engineering IPO | Nova AgriTech IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2023 | Jan 19, 2024 |
| Issue Open | Dec 20, 2023 | Jan 23, 2024 |
| Issue Close | Dec 22, 2023 | Jan 25, 2024 |
| Basis Of Allotment (Tentative) | Dec 26, 2023 | Jan 29, 2024 |
| Initiation of Refunds (Tentative) | Dec 27, 2023 | Jan 30, 2024 |
| Credit of Share (Tentative) | Dec 27, 2023 | Jan 30, 2024 |
| Listing date (Tentative) | Dec 28, 2023 | Jan 31, 2024 |
| Anchor Lockin End date 1 | Jan 25, 2024 | Feb 28, 2024 |
| Anchor Lockin End date 2 | Mar 25, 2024 | Apr 28, 2024 |
Azad Engineering IPO P/E ratio is 292.74, as compared to Nova AgriTech IPO P/E ratio of 13.05.
| Azad Engineering IPO | Nova AgriTech IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.61 | 84.27 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.9 | 59.39 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 292.74 | 13.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3097.52 Cr. | ₹379.33 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 4.2% | 38.27% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.99% | 27.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.47 | 1.11 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.79 | ₹3.14 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 4.23% | 32.08% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Azad Engineering IPO Retail Individual Investors (RII) are offered 49,16,021 shares while in Nova AgriTech IPO retail investors are offered 49,16,021 shares. Qualified Institutional Buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 70,15,626 shares in Nova AgriTech IPO.
| Azad Engineering IPO | Nova AgriTech IPO | |
|---|---|---|
| Anchor Investor Reservation | 42,13,731 shares | 1,05,22,220 shares |
| Market Maker Reservation | ||
| QIB | 28,09,155 shares | 70,15,626 shares |
| NII | 21,06,866 shares | 52,61,354 shares |
| RII | 49,16,021 shares | 1,22,76,493 shares |
| Employee | 76,335 shares | |
| Others | ||
| Total | 1,41,22,108 shares | 3,50,75,693 shares |
Azad Engineering IPO subscribed 83.04x in total, whereas Nova AgriTech IPO subscribed 113.21x.
| Azad Engineering IPO | Nova AgriTech IPO | |
|---|---|---|
| QIB (times) | 179.64x | 81.13x |
| NII (times) | 90.24x | 233.03x |
| Big NII (times) | 93.30x | 231.40x |
| Small NII (times) | 84.12x | 236.27x |
| RII (times) | 24.51x | 80.20x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 83.04x | 113.21x |
