Abha Power IPO vs Rajesh Power IPO

Comparison between Abha Power IPO and Rajesh Power IPO.

IPO Details

Abha Power IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Rajesh Power IPO is a SME Bookbuilding proposed to list at BSE SME.

	Abha Power IPO	Rajesh Power IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	BSE SME
Lead Managers	Horizon Management Pvt.Ltd.	ISK Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	Giriraj Stock Broking Pvt.Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Abha Power IPO is up to ₹36.58 Cr whereas the issue size of the Rajesh Power IPO is up to ₹152.29 Cr. The final issue price of Abha Power IPO is ₹75.00 per share and of Rajesh Power IPO is ₹335.00 per share.

	Abha Power IPO	Rajesh Power IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹319.00 per share
Issue Price (Upper)		₹335.00 per share
Issue Price (Final)	₹75.00 per share	₹335.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1600 shares	400 shares
Fresh Issue Size	38,76,800 shares	25,46,000 shares
Fresh Issue Size (Amount)	up to ₹29.08 Cr	up to ₹85.29 Cr
OFS Issue Size	10,00,000 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹7.50 Cr	up to ₹67.00 Cr
Issue Size Total	48,76,800 shares	45,46,000 shares
Issue Size Total (Amount)	up to ₹36.58 Cr	up to ₹152.29 Cr

IPO Timetable

Abha Power IPO opens on Nov 27, 2024, while Rajesh Power IPO opens on Nov 25, 2024. The closing date of Abha Power IPO and Rajesh Power IPO is Nov 29, 2024, and Nov 27, 2024, respectively.

	Abha Power IPO	Rajesh Power IPO
Anchor Bid Date		Nov 22, 2024
Issue Open	Nov 27, 2024	Nov 25, 2024
Issue Close	Nov 29, 2024	Nov 27, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Nov 28, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Nov 29, 2024
Credit of Share (Tentative)	Dec 03, 2024	Nov 29, 2024
Listing date (Tentative)	Dec 04, 2024	Dec 02, 2024
Anchor Lockin End date 1		Dec 28, 2024
Anchor Lockin End date 2		Feb 26, 2025

Financials & KPIs

Abha Power IPO P/E ratio is 28.65, as compared to Rajesh Power IPO P/E ratio of 19.59.

Abha Power IPO

Rajesh Power 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.

Period Ended	15 Oct 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,135.61	4,735.9	4,476.89	3,536.87
Total Income	3,754.92	5,182.68	5,511.82	5,498.4
Profit After Tax	361.97	378.19	140.14	-71.53
Net Worth	2,115.63	1,753.66	1,375.47	1,120.07
Reserves and Surplus	670.76	308.8	893.85	678.47
Total Borrowing	2,177.34	2,373.22	2,393.34	1,765.62
Amount in ₹ Lakhs

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33,822.42	24,039.00	19,823.38	17,562.82
Total Income	31,785.09	29,506.07	21,117.57	14,936.84
Profit After Tax	2,768.25	2,602.29	675.15	344.60
Net Worth	11,122.22	8,430.05	5,865.80	5,228.69
Reserves and Surplus	9,600.48	6,908.31	4,344.06	3,706.95
Total Borrowing	7,973.04	7,767.08	5,971.20	6,243.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100

Promoter Shareholding (Post-Issue)

72.35

73.40

P/E Ratio

28.65

19.59

Market Cap

₹139.41 Cr.

₹603.25 Cr.

ROE

24.17%

24.89%

ROCE

23.64%

25.61%

Debt/Equity

1.35

0.92

EPS

₹2.62

₹17.10

RoNW

24.17%

25.47%

Shares Offered

In the Abha Power IPO Retail Individual Investors (RII) are offered 24,38,400 shares while in Rajesh Power IPO retail investors are offered 24,38,400 shares. Qualified Institutional Buyers (QIB) are offered in Abha Power IPO and 9,13,600 shares in Rajesh Power IPO.

	Abha Power IPO	Rajesh Power IPO
Anchor Investor Reserveration		13,36,400 shares
Market Maker Reserveration	2,62,400 shares	2,44,000 shares
QIB		9,13,600 shares
NII	24,38,400 shares	6,91,200 shares
RII	24,38,400 shares	16,04,800 shares
Employee
Others
Total	48,76,800 shares	45,46,000 shares

Bids Received (Subscription)

Abha Power IPO subscribed 18.00x in total, whereas Rajesh Power IPO subscribed 59.00x.

	Abha Power IPO	Rajesh Power IPO
QIB (times)		46.39x
NII (times)	10.07x	138.46x
Big NII (times)
Small NII (times)
RII (times)	24.93x	31.96x
Employee (times)
Other (times)
Total (times)	18.00x	59.00x

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