Comparison between Abha Power IPO and Purple United Sales IPO.
Abha Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Purple United Sales IPO is a SME Bookbuilding proposed to list at NSE SME.
| Abha Power IPO | Purple United Sales IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Horizon Management Pvt.Ltd. | Expert Global Consultants Pvt.Ltd. |
| Registrar | Skyline Financial Services Pvt.Ltd. | Kfin Technologies Ltd. |
| Market Maker | Giriraj Stock Broking Pvt.Ltd. | Prabhat Financial Services 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 Abha Power IPO is up to ₹36.58 Cr whereas the issue size of the Purple United Sales IPO is up to ₹31.16 Cr. The final issue price of Abha Power IPO is ₹75.00 per share and of Purple United Sales IPO is ₹126.00 per share.
| Abha Power IPO | Purple United Sales IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹121.00 per share | |
| Issue Price (Upper) | ₹126.00 per share | |
| Issue Price (Final) | ₹75.00 per share | ₹126.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 1600 shares | 1000 shares |
| Fresh Issue Size | 38,76,800 shares | 24,73,000 shares |
| Fresh Issue Size (Amount) | up to ₹29.08 Cr | up to ₹31.16 Cr |
| OFS Issue Size | 10,00,000 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹7.50 Cr | up to ₹0.00 Cr |
| Issue Size Total | 48,76,800 shares | 24,73,000 shares |
| Issue Size Total (Amount) | up to ₹36.58 Cr | up to ₹31.16 Cr |
Abha Power IPO opens on Nov 27, 2024, while Purple United Sales IPO opens on Dec 11, 2024. The closing date of Abha Power IPO and Purple United Sales IPO is Nov 29, 2024, and Dec 13, 2024, respectively.
| Abha Power IPO | Purple United Sales IPO | |
|---|---|---|
| Anchor Bid Date | Dec 10, 2024 | |
| Issue Open | Nov 27, 2024 | Dec 11, 2024 |
| Issue Close | Nov 29, 2024 | Dec 13, 2024 |
| Basis Of Allotment (Tentative) | Dec 02, 2024 | Dec 16, 2024 |
| Initiation of Refunds (Tentative) | Dec 03, 2024 | Dec 17, 2024 |
| Credit of Share (Tentative) | Dec 03, 2024 | Dec 17, 2024 |
| Listing date (Tentative) | Dec 04, 2024 | Dec 18, 2024 |
| Anchor Lockin End date 1 | Jan 14, 2025 | |
| Anchor Lockin End date 2 | Mar 15, 2025 |
Abha Power IPO P/E ratio is 28.65, as compared to Purple United Sales IPO P/E ratio of 18.33.
| Abha Power IPO | Purple United Sales IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Abha Power and Steel Limited Financial Information (Restated)Abha Power and Steel Limited's revenue decreased by -6% and profit after tax (PAT) rose by 170% between the financial year ending with March 31, 2024 and March 31, 2023.
| Purple United Sales Limited Financial Information (Restated)Purple United Sales Limited's revenue increased by 67% and profit after tax (PAT) rose by 223% between the financial year ending with March 31, 2024 and March 31, 2023.
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| Promoter Shareholding (Pre-Issue) | 100 | 87.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 72.35 | 63.82 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 28.65 | 18.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹139.41 Cr. | ₹121.08 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 24.17% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 23.64% | 19.35% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.35 | 1.48 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹2.62 | ₹6.87 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 24.17% | 27.78% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Abha Power IPO Retail Individual Investors (RII) are offered 24,38,400 shares while in Purple United Sales IPO retail investors are offered 24,38,400 shares. Qualified Institutional Buyers (QIB) are offered in Abha Power IPO and 4,95,000 shares in Purple United Sales IPO.
| Abha Power IPO | Purple United Sales IPO | |
|---|---|---|
| Anchor Investor Reserveration | 7,41,000 shares | |
| Market Maker Reserveration | 2,62,400 shares | 1,31,000 shares |
| QIB | 4,95,000 shares | |
| NII | 24,38,400 shares | 3,71,000 shares |
| RII | 24,38,400 shares | 8,66,000 shares |
| Employee | ||
| Others | ||
| Total | 48,76,800 shares | 24,73,000 shares |
Abha Power IPO subscribed 18.00x in total, whereas Purple United Sales IPO subscribed 160.08x.
| Abha Power IPO | Purple United Sales IPO | |
|---|---|---|
| QIB (times) | 86.30x | |
| NII (times) | 10.07x | 269.70x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 24.93x | 155.29x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 18.00x | 160.08x |
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