Comparison between Destiny Logistics IPO and Promax Power IPO.
IPO Details
Destiny Logistics IPO is a SME Fixed Price IPO proposed to list at NSE SME while Promax Power IPO is a SME Fixed Price proposed to list at BSE SME.
Issue Size and Price
The total issue size of Destiny Logistics IPO is up to ₹5.11 Cr whereas the issue size of the Promax Power IPO is up to ₹1.52 Cr. The final issue price of Destiny Logistics IPO is ₹20.00 per share and of Promax Power IPO is ₹10.00 per share.
IPO Timetable
Destiny Logistics IPO opens on Sep 30, 2021, while Promax Power IPO opens on Sep 30, 2021. The closing date of Destiny Logistics IPO and Promax Power IPO is Oct 05, 2021, and Oct 04, 2021, respectively.
| | Destiny Logistics IPO | Promax Power IPO |
|---|
| Issue Open | Sep 30, 2021 | Sep 30, 2021 |
| Issue Close | Oct 05, 2021 | Oct 04, 2021 |
| Basis Of Allotment (Tentative) | Oct 08, 2021 | Oct 07, 2021 |
| Initiation of Refunds (Tentative) | Oct 11, 2021 | Oct 08, 2021 |
| Credit of Share (Tentative) | Oct 12, 2021 | Oct 11, 2021 |
| Listing date (Tentative) | Oct 13, 2021 | Oct 12, 2021 |
Financials & KPIs
Destiny Logistics IPO P/E ratio is , as compared to Promax Power IPO P/E ratio of .
Shares Offered
In the Destiny Logistics IPO Retail Individual Investors (RII) are offered 12,78,000 shares while in Promax Power IPO retail investors are offered 12,78,000 shares. Qualified Institutional Buyers (QIB) are offered in Destiny Logistics IPO and in Promax Power IPO.
| | Destiny Logistics IPO | Promax Power IPO |
|---|
| Market Maker Reservation | 1,38,000 shares | 80,000 shares |
| NII | 12,78,000 shares | 7,60,000 shares |
| RII | 12,78,000 shares | 7,60,000 shares |
| Total | 25,56,000 shares | 15,20,000 shares |
Bids Received (Subscription)
Destiny Logistics IPO subscribed 4.78x in total, whereas Promax Power IPO subscribed 6.89x.
