Aluwind Architectural IPO vs Ramdevbaba Solvent IPO

Comparison between Aluwind Architectural IPO and Ramdevbaba Solvent IPO.

IPO Details

Aluwind Architectural IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Ramdevbaba Solvent IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of Aluwind Architectural IPO is up to ₹28.22 Cr whereas the issue size of the Ramdevbaba Solvent IPO is up to ₹47.60 Cr. The final issue price of Aluwind Architectural IPO is ₹45.00 per share and of Ramdevbaba Solvent IPO is ₹85.00 per share.

 Aluwind Architectural IPORamdevbaba Solvent IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹80.00 per share
Issue Price (Upper)₹85.00 per share
Issue Price (Final)₹45.00 per share₹85.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size3000 shares1600 shares
Fresh Issue Size62,70,000 shares56,00,000 shares
Fresh Issue Size (Amount)up to ₹28.22 Crup to ₹47.60 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,70,000 shares56,00,000 shares
Issue Size Total (Amount)up to ₹28.22 Crup to ₹47.60 Cr

IPO Timetable

Aluwind Architectural IPO opens on Mar 28, 2024, while Ramdevbaba Solvent IPO opens on Apr 15, 2024. The closing date of Aluwind Architectural IPO and Ramdevbaba Solvent IPO is Apr 04, 2024, and Apr 18, 2024, respectively.

 Aluwind Architectural IPORamdevbaba Solvent IPO
Anchor Bid DateApr 12, 2024
Issue OpenMar 28, 2024Apr 15, 2024
Issue CloseApr 04, 2024Apr 18, 2024
Basis Of Allotment (Tentative)Apr 05, 2024Apr 19, 2024
Initiation of Refunds (Tentative)Apr 08, 2024Apr 22, 2024
Credit of Share (Tentative)Apr 08, 2024Apr 22, 2024
Listing date (Tentative)Apr 09, 2024Apr 23, 2024
Anchor Lockin End date 1May 19, 2024
Anchor Lockin End date 2Jul 18, 2024

Financials & KPIs

Aluwind Architectural IPO P/E ratio is 30.41, as compared to Ramdevbaba Solvent IPO P/E ratio of 10.6.

 Aluwind Architectural IPORamdevbaba Solvent IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets49.0740.8732.3321.78
Total Income41.4349.0129.2521.39
Profit After Tax3.732.700.790.77
NET Worth20.7017.0314.3010.41
Reserves and Surplus18.1614.4914.1810.31
Total Borrowing9.947.086.394.36
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets203.41190.63131.35101.25
Total Income465.70704.33585.25427.17
Profit After Tax8.2913.006.596.17
NET Worth68.5747.8334.8328.24
Reserves and Surplus52.3643.2530.2423.65
Total Borrowing99.9999.2364.8644.74
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.2281.01
Promoter Shareholding (Post-Issue)72.13
P/E Ratio30.4110.6
Market Cap₹111.81 Cr.₹188.07 Cr.
ROE19.77%
ROCE24.55%10.76%
Debt/Equity0.481.46
EPS₹1.48₹8.02
RoNW19.77%14.24%

Shares Offered

In the Aluwind Architectural IPO Retail Individual Investors (RII) are offered 31,35,000 shares while in Ramdevbaba Solvent IPO retail investors are offered 31,35,000 shares. Qualified Institutional Buyers (QIB) are offered in Aluwind Architectural IPO and 11,20,000 shares in Ramdevbaba Solvent IPO.

 Aluwind Architectural IPORamdevbaba Solvent IPO
Anchor Investor Reservation16,80,000 shares
Market Maker Reservation3,30,000 shares3,13,600 shares
QIB11,20,000 shares
NII31,35,000 shares8,40,000 shares
RII31,35,000 shares19,60,000 shares
Employee
Others
Total62,70,000 shares56,00,000 shares

Bids Received (Subscription)

Aluwind Architectural IPO subscribed 8.19x in total, whereas Ramdevbaba Solvent IPO subscribed 126.21x.

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Aluwind Architectural IPO Vs Ramdevbaba Solvent IPO