Comparison between Aztec Fluids IPO and Piotex Industries IPO.
Aztec Fluids IPO is a SME Fixed Price IPO proposed to list at BSE SME while Piotex Industries IPO is a SME Fixed Price proposed to list at BSE SME.
| Aztec Fluids IPO | Piotex Industries IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Hem Securities Ltd. | Beeline Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Cameo Corporate Services Ltd. |
| Market Maker | Hem Finlease Pvt.Ltd. | Spread X Securities Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Aztec Fluids IPO is up to ₹22.90 Cr whereas the issue size of the Piotex Industries IPO is up to ₹13.74 Cr. The final issue price of Aztec Fluids IPO is ₹67.00 per share and of Piotex Industries IPO is ₹94.00 per share.
| Aztec Fluids IPO | Piotex Industries IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹63.00 per share | |
| Issue Price (Upper) | ₹67.00 per share | |
| Issue Price (Final) | ₹67.00 per share | ₹94.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 1200 shares |
| Fresh Issue Size | 34,18,000 shares | 14,61,600 shares |
| Fresh Issue Size (Amount) | up to ₹22.90 Cr | up to ₹13.74 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 34,18,000 shares | 14,61,600 shares |
| Issue Size Total (Amount) | up to ₹22.90 Cr | up to ₹13.74 Cr |
Aztec Fluids IPO opens on May 10, 2024, while Piotex Industries IPO opens on May 10, 2024. The closing date of Aztec Fluids IPO and Piotex Industries IPO is May 14, 2024, and May 14, 2024, respectively.
| Aztec Fluids IPO | Piotex Industries IPO | |
|---|---|---|
| Anchor Bid Date | May 09, 2024 | |
| Issue Open | May 10, 2024 | May 10, 2024 |
| Issue Close | May 14, 2024 | May 14, 2024 |
| Basis Of Allotment (Tentative) | May 15, 2024 | May 15, 2024 |
| Initiation of Refunds (Tentative) | May 16, 2024 | May 16, 2024 |
| Credit of Share (Tentative) | May 16, 2024 | May 16, 2024 |
| Listing date (Tentative) | May 17, 2024 | May 17, 2024 |
| Anchor Lockin End date 1 | Jun 14, 2024 | |
| Anchor Lockin End date 2 | Aug 13, 2024 |
Aztec Fluids IPO P/E ratio is 20.47, as compared to Piotex Industries IPO P/E ratio of 11.14.
| Aztec Fluids IPO | Piotex Industries IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Aztec Fluids & Machinery Limited Financial Information (Restated)Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.
| Piotex Industries Limited Financial Information (Restated)Piotex Industries Limited's revenue increased by 37.23% and profit after tax (PAT) rose by 4.17% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 100.00 | 100.00 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 69.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 20.47 | 11.14 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹91.12 Cr. | ₹47.97 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 25.60% | 44.99% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 25.38% | 33.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.28 | 0.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.27 | ₹8.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 22.69% | 33.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Aztec Fluids IPO Retail Individual Investors (RII) are offered 11,98,000 shares while in Piotex Industries IPO retail investors are offered 11,98,000 shares. Qualified Institutional Buyers (QIB) are offered 6,84,000 shares in Aztec Fluids IPO and in Piotex Industries IPO.
| Aztec Fluids IPO | Piotex Industries IPO | |
|---|---|---|
| Anchor Investor Reserveration | 10,22,000 shares | |
| Market Maker Reserveration | 1,82,000 shares | 78,000 shares |
| QIB | 6,84,000 shares | |
| NII | 5,14,000 shares | 7,30,800 shares |
| RII | 11,98,000 shares | 7,30,800 shares |
| Employee | ||
| Others | ||
| Total | 34,18,000 shares | 14,61,600 shares |
Aztec Fluids IPO subscribed 218.38x in total, whereas Piotex Industries IPO subscribed 107.44x.
| Aztec Fluids IPO | Piotex Industries IPO | |
|---|---|---|
| QIB (times) | 107.93x | |
| NII (times) | 341.94x | 115.21x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 228.43x | 93.33x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 218.38x | 107.44x |
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