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CWD IPO vs Promax Power IPO

Comparison between CWD IPO and Promax Power IPO.

IPO Details

CWD IPO is a SME Fixed Price IPO proposed to list at BSE SME while Promax Power IPO is a SME Fixed Price proposed to list at BSE SME.

 CWD IPOPromax Power IPO
LogoCWD IPO LogoPromax Power IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersAryaman Financial Services Ltd.Finshore Management Services Ltd.
RegistrarKfin Technologies Ltd.Cameo Corporate Services Ltd.
Market MakerAryaman Capital Markets Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of CWD IPO is up to ₹17.11 Cr whereas the issue size of the Promax Power IPO is up to ₹1.52 Cr. The final issue price of CWD IPO is ₹180.00 per share and of Promax Power IPO is ₹10.00 per share.

 CWD IPOPromax Power IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹180.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares10000 shares
Fresh Issue Size8,00,400 shares15,20,000 shares
Fresh Issue Size (Amount)up to ₹14.41 Crup to ₹1.52 Cr
OFS Issue Size1,50,000 shares0 shares
OFS Issue Size (Amount)up to ₹2.70 Crup to ₹0.00 Cr
Issue Size Total9,50,400 shares15,20,000 shares
Issue Size Total (Amount)up to ₹17.11 Crup to ₹1.52 Cr

IPO Timetable

CWD IPO opens on Sep 30, 2021, while Promax Power IPO opens on Sep 30, 2021. The closing date of CWD IPO and Promax Power IPO is Oct 05, 2021, and Oct 04, 2021, respectively.

 CWD IPOPromax Power IPO
Anchor Bid Date
Issue OpenSep 30, 2021Sep 30, 2021
Issue CloseOct 05, 2021Oct 04, 2021
Basis Of Allotment (Tentative)Oct 08, 2021Oct 07, 2021
Initiation of Refunds (Tentative)Oct 11, 2021Oct 08, 2021
Credit of Share (Tentative)Oct 12, 2021Oct 11, 2021
Listing date (Tentative)Oct 13, 2021Oct 12, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

CWD IPO P/E ratio is , as compared to Promax Power IPO P/E ratio of .

 CWD IPOPromax Power IPO
Financials
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20
Total Assets 77.55 42.27
Total Revenue 34.12 30.29
Profit After Tax 14.16 5.14
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 204.30 206.64 0.14
Total Revenue 368.89 77.63 NA
Profit After Tax 1.7839 3.1147 (0.0001)
Promoter Shareholding (Pre-Issue)100.0099.99
Promoter Shareholding (Post-Issue)72.2973.33
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the CWD IPO Retail Individual Investors (RII) are offered 4,75,200 shares while in Promax Power IPO retail investors are offered 4,75,200 shares. Qualified Institutional Buyers (QIB) are offered in CWD IPO and in Promax Power IPO.

 CWD IPOPromax Power IPO
Anchor Investor Reserveration
Market Maker Reserveration50,400 shares80,000 shares
QIB
NII4,75,200 shares7,60,000 shares
RII4,75,200 shares7,60,000 shares
Employee
Others
Total9,50,400 shares15,20,000 shares

Bids Received (Subscription)

CWD IPO subscribed 1.31x in total, whereas Promax Power IPO subscribed 6.89x.

 CWD IPOPromax Power IPO
QIB (times)
NII (times)1.91x2.39x
Big NII (times)
Small NII (times)
RII (times)0.71x11.38x
Employee (times)
Other (times)
Total (times)1.31x6.89x