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.

	Petro Carbon IPO	Akiko Global IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Pvt.Ltd.	Fast Track Finsec Pvt.Ltd.
Registrar	Bigshare Services Pvt.Ltd.	Skyline Financial Services Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Nikunj Stock Brokers Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

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 IPO	Akiko 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 Size	800 shares	1600 shares
Fresh Issue Size	0 shares	28,51,200 shares
Fresh Issue Size (Amount)	up to ₹0.00 Cr	up to ₹21.95 Cr
OFS Issue Size	61,87,200 shares	0 shares
OFS Issue Size (Amount)	up to ₹105.80 Cr	up to ₹0.00 Cr
Issue Size Total	61,87,200 shares	28,51,200 shares
Issue Size Total (Amount)	up to ₹105.80 Cr	up 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 IPO	Akiko Global IPO
Anchor Bid Date	Jun 24, 2024	Jun 24, 2024
Issue Open	Jun 25, 2024	Jun 25, 2024
Issue Close	Jun 27, 2024	Jun 27, 2024
Basis Of Allotment (Tentative)	Jun 28, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jul 01, 2024	Jul 01, 2024
Credit of Share (Tentative)	Jul 01, 2024	Jul 01, 2024
Listing date (Tentative)	Jul 02, 2024	Jul 02, 2024
Anchor Lockin End date 1	Jul 28, 2024	Jul 31, 2024
Anchor Lockin End date 2	Sep 26, 2024	Sep 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 IPO

Akiko Global IPO

Financials

Petro Carbon and Chemicals Limited Financial Information (Restated Standalone)

Petro Carbon and Chemicals Limited's revenue increased by 84.92% and profit after tax (PAT) rose by 17.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	27,432.35	26,379.12	27,703.56	15,992.29
Total Income	44,711.11	51,760.99	27,990.70	15,528.68
Profit After Tax	7,031.16	672.65	570.99	11.64
Net Worth	10,653.34	3,752.81	3,080.17	2,509.17
Reserves and Surplus	12,528.21	5,561.06	4,973.20	4,489.97
Total Borrowing	8,063.02	17,582.78	19,418.00	8,182.43
Amount in ₹ Lakhs

Akiko Global Services Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,794.91	1,130.87	405.67	234.88
Total Income	2,609.76	3,958.97	1,353.31	610.78
Profit After Tax	321.48	453.26	77.85	22.98
Net Worth	1,403.37	578.40	123.14	45.29
Reserves and Surplus	626.57	574.40	121.14	43.29
Total Borrowing	122.05	95.89	26.13	49.62
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00

92.77

Promoter Shareholding (Post-Issue)

66.91

P/E Ratio

66.02

13.2

Market Cap

₹82.93 Cr.

ROE

32.44%

ROCE

60.36%

29.23%

Debt/Equity

0.54

0.09

EPS

₹5.83

RoNW

66.00%

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 IPO	Akiko Global IPO
Anchor Investor Reserveration	18,55,200 shares	8,54,400 shares
Market Maker Reserveration	4,30,400 shares	1,50,400 shares
QIB	12,36,800 shares	5,69,600 shares
NII	9,28,800 shares	4,28,800 shares
RII	21,66,400 shares	9,98,400 shares
Employee
Others
Total	61,87,200 shares	28,51,200 shares

Bids Received (Subscription)

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

	Petro Carbon IPO	Akiko Global IPO
QIB (times)	94.49x	10.21x
NII (times)	129.91x	48.05x
Big NII (times)
Small NII (times)
RII (times)	74.34x	45.57x
Employee (times)
Other (times)
Total (times)	92.01x	34.96x

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