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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 IPORajesh Power IPO
LogoAbha Power IPO LogoRajesh Power IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMEBSE SME
Lead ManagersHorizon Management Pvt.Ltd.ISK Advisors Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerGiriraj Stock Broking Pvt.Ltd.Sunflower Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO 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 IPORajesh 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 Size1600 shares400 shares
Fresh Issue Size38,76,800 shares25,46,000 shares
Fresh Issue Size (Amount)up to ₹29.08 Crup to ₹85.29 Cr
OFS Issue Size10,00,000 shares20,00,000 shares
OFS Issue Size (Amount)up to ₹7.50 Crup to ₹67.00 Cr
Issue Size Total48,76,800 shares45,46,000 shares
Issue Size Total (Amount)up to ₹36.58 Crup 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 IPORajesh Power IPO
Anchor Bid DateNov 22, 2024
Issue OpenNov 27, 2024Nov 25, 2024
Issue CloseNov 29, 2024Nov 27, 2024
Basis Of Allotment (Tentative)Dec 02, 2024Nov 28, 2024
Initiation of Refunds (Tentative)Dec 03, 2024Nov 29, 2024
Credit of Share (Tentative)Dec 03, 2024Nov 29, 2024
Listing date (Tentative)Dec 04, 2024Dec 02, 2024
Anchor Lockin End date 1Dec 28, 2024
Anchor Lockin End date 2Feb 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 IPORajesh Power IPO
Financials

Company Financials (Restated)

Period Ended15 Oct 202431 Mar 202431 Mar 202331 Mar 2022
Assets51.3647.3644.7735.37
Total Income37.5551.8355.1254.98
Profit After Tax3.623.781.40-0.72
NET Worth21.1617.5413.7511.20
Reserves and Surplus6.713.098.946.78
Total Borrowing21.7723.7323.9317.66
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets338.22240.39198.23175.63
Total Income317.85295.06211.18149.37
Profit After Tax27.6826.026.753.45
NET Worth111.2284.3058.6652.29
Reserves and Surplus96.0069.0843.4437.07
Total Borrowing79.7377.6759.7162.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100100
Promoter Shareholding (Post-Issue)72.3573.4
P/E Ratio28.6519.59
Market Cap₹139.41 Cr.₹603.25 Cr.
ROE24.1724.89
ROCE23.6425.61
Debt/Equity1.350.92
EPS₹2.62₹17.10
RoNW24.1725.47

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 IPORajesh Power IPO
Anchor Investor Reservation13,36,400 shares
Market Maker Reservation2,62,400 shares2,44,000 shares
QIB9,13,600 shares
NII24,38,400 shares6,91,200 shares
RII24,38,400 shares16,04,800 shares
Employee
Others
Total48,76,800 shares45,46,000 shares

Bids Received (Subscription)

Abha Power IPO subscribed 17.50x in total, whereas Rajesh Power IPO subscribed 41.66x.

 Abha Power IPORajesh Power IPO
QIB (times)46.39x
NII (times)10.07x138.46x
Big NII (times)
Small NII (times)
RII (times)24.93x31.96x
Employee (times)
Other (times)
Total (times)17.50x41.66x

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Compare:

Abha Power IPO Vs Rajesh Power IPO