Petro Carbon IPO vs Akiko Global IPO

Comparison between Petro Carbon IPO and Akiko Global IPO.

IPO Details

Petro Carbon IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Akiko Global IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Petro Carbon IPO is up to ₹105.80 Cr whereas the issue size of the Akiko Global IPO is up to ₹21.95 Cr. The final issue price of Petro Carbon IPO is ₹171.00 per share and of Akiko Global IPO is ₹77.00 per share.

 Petro Carbon IPOAkiko Global IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹162.00 per share₹73.00 per share
Issue Price (Upper)₹171.00 per share₹77.00 per share
Issue Price (Final)₹171.00 per share₹77.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares1600 shares
Fresh Issue Size0 shares28,51,200 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹21.95 Cr
OFS Issue Size61,87,200 shares0 shares
OFS Issue Size (Amount)up to ₹105.80 Crup to ₹0.00 Cr
Issue Size Total61,87,200 shares28,51,200 shares
Issue Size Total (Amount)up to ₹105.80 Crup to ₹21.95 Cr

IPO Timetable

Petro Carbon IPO opens on Jun 25, 2024, while Akiko Global IPO opens on Jun 25, 2024. The closing date of Petro Carbon IPO and Akiko Global IPO is Jun 27, 2024, and Jun 27, 2024, respectively.

 Petro Carbon IPOAkiko Global IPO
Anchor Bid DateJun 24, 2024Jun 24, 2024
Issue OpenJun 25, 2024Jun 25, 2024
Issue CloseJun 27, 2024Jun 27, 2024
Basis Of Allotment (Tentative)Jun 28, 2024Jul 01, 2024
Initiation of Refunds (Tentative)Jul 01, 2024Jul 01, 2024
Credit of Share (Tentative)Jul 01, 2024Jul 01, 2024
Listing date (Tentative)Jul 02, 2024Jul 02, 2024
Anchor Lockin End date 1Jul 28, 2024Jul 31, 2024
Anchor Lockin End date 2Sep 26, 2024Sep 29, 2024

Financials & KPIs

Petro Carbon IPO P/E ratio is 66.02, as compared to Akiko Global IPO P/E ratio of 13.2.

 Petro Carbon IPOAkiko Global IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets274.32263.79277.04159.92
Total Income447.11517.61279.91155.29
Profit After Tax70.316.735.710.12
NET Worth106.5337.5330.8025.09
Reserves and Surplus125.2855.6149.7344.90
Total Borrowing80.63175.83194.1881.82
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets17.9511.314.062.35
Total Income26.1039.5913.536.11
Profit After Tax3.214.530.780.23
NET Worth14.035.781.230.45
Reserves and Surplus6.275.741.210.43
Total Borrowing1.220.960.260.50
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0092.77
Promoter Shareholding (Post-Issue)66.91
P/E Ratio66.0213.2
Market Cap₹82.93 Cr.
ROE32.44%
ROCE60.36%29.23%
Debt/Equity0.540.09
EPS₹5.83
RoNW66.00%22.91%

Shares Offered

In the Petro Carbon IPO Retail Individual Investors (RII) are offered 21,66,400 shares while in Akiko Global IPO retail investors are offered 21,66,400 shares. Qualified Institutional Buyers (QIB) are offered 12,36,800 shares in Petro Carbon IPO and 5,69,600 shares in Akiko Global IPO.

 Petro Carbon IPOAkiko Global IPO
Anchor Investor Reservation18,55,200 shares8,54,400 shares
Market Maker Reservation4,30,400 shares1,50,400 shares
QIB12,36,800 shares5,69,600 shares
NII9,28,800 shares4,28,800 shares
RII21,66,400 shares9,98,400 shares
Employee
Others
Total61,87,200 shares28,51,200 shares

Bids Received (Subscription)

Petro Carbon IPO subscribed 92.01x in total, whereas Akiko Global IPO subscribed 34.96x.

 Petro Carbon IPOAkiko Global IPO
QIB (times)94.49x10.21x
NII (times)129.91x48.05x
Big NII (times)
Small NII (times)
RII (times)74.34x45.57x
Employee (times)
Other (times)
Total (times)92.01x34.96x

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