Comparison between Kalana Ispat IPO and Phoenix Overseas IPO.
Kalana Ispat IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Bookbuilding proposed to list at NSE SME.
| Kalana Ispat IPO | Phoenix Overseas IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Jawa Capital Services Pvt.Ltd. | Khandwala Securities Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Aftertrade Broking Pvt.Ltd. | Nikunj Stock Brokers Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Kalana Ispat IPO is up to ₹30.95 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹34.23 Cr. The final issue price of Kalana Ispat IPO is ₹66.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.
| Kalana Ispat IPO | Phoenix Overseas IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹61.00 per share | |
| Issue Price (Upper) | ₹64.00 per share | |
| Issue Price (Final) | ₹66.00 per share | ₹64.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 46,90,000 shares | 42,98,000 shares |
| Fresh Issue Size (Amount) | up to ₹30.95 Cr | up to ₹27.51 Cr |
| OFS Issue Size | 0 shares | 10,50,000 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹6.72 Cr |
| Issue Size Total | 46,90,000 shares | 53,48,000 shares |
| Issue Size Total (Amount) | up to ₹30.95 Cr | up to ₹34.23 Cr |
Kalana Ispat IPO opens on Sep 19, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Kalana Ispat IPO and Phoenix Overseas IPO is Sep 23, 2024, and Sep 24, 2024, respectively.
| Kalana Ispat IPO | Phoenix Overseas IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Sep 19, 2024 | Sep 20, 2024 |
| Issue Close | Sep 23, 2024 | Sep 24, 2024 |
| Basis Of Allotment (Tentative) | Sep 24, 2024 | Sep 25, 2024 |
| Initiation of Refunds (Tentative) | Sep 25, 2024 | Sep 26, 2024 |
| Credit of Share (Tentative) | Sep 25, 2024 | Sep 26, 2024 |
| Listing date (Tentative) | Sep 26, 2024 | Sep 27, 2024 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Kalana Ispat IPO P/E ratio is 22.59, as compared to Phoenix Overseas IPO P/E ratio of 17.18.
| Kalana Ispat IPO | Phoenix Overseas IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Kalana Ispat Limited Financial Information (Restated Standalone)Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.
| Phoenix Overseas Limited Financial Information (Restated Standalone)Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 82.72 | 99.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 51.38 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 22.59 | 17.18 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹86.08 Cr. | ₹123.81 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.12% | 10.74% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 21.20% | 15.28% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.43 | 0.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.92 | ₹3.72 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.88% | 10.74% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Kalana Ispat IPO Retail Individual Investors (RII) are offered 23,46,000 shares while in Phoenix Overseas IPO retail investors are offered 23,46,000 shares. Qualified Institutional Buyers (QIB) are offered in Kalana Ispat IPO and 8,00,000 shares in Phoenix Overseas IPO.
| Kalana Ispat IPO | Phoenix Overseas IPO | |
|---|---|---|
| Anchor Investor Reserveration | ||
| Market Maker Reserveration | 2,48,000 shares | 2,82,000 shares |
| QIB | 8,00,000 shares | |
| NII | 23,44,000 shares | 23,00,000 shares |
| RII | 23,46,000 shares | 22,48,000 shares |
| Employee | ||
| Others | ||
| Total | 46,90,000 shares | 53,48,000 shares |
Kalana Ispat IPO subscribed 59.92x in total, whereas Phoenix Overseas IPO subscribed 119.22x.
| Kalana Ispat IPO | Phoenix Overseas IPO | |
|---|---|---|
| QIB (times) | 65.74x | |
| NII (times) | 40.69x | 109.71x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 74.54x | 148.43x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 59.92x | 119.22x |
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