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.

	Aluwind Architectural IPO	Ramdevbaba Solvent IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Corpwis Advisors Pvt.Ltd.	Choice Capital Advisors Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Bigshare Services Pvt.Ltd.
Market Maker	NNM Securities Pvt.Ltd.	Choice Equity 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 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 IPO	Ramdevbaba 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 Size	3000 shares	1600 shares
Fresh Issue Size	62,70,000 shares	56,00,000 shares
Fresh Issue Size (Amount)	up to ₹28.22 Cr	up to ₹47.60 Cr
OFS Issue Size	0 shares	0 shares
OFS Issue Size (Amount)	up to ₹0.00 Cr	up to ₹0.00 Cr
Issue Size Total	62,70,000 shares	56,00,000 shares
Issue Size Total (Amount)	up to ₹28.22 Cr	up 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 IPO	Ramdevbaba Solvent IPO
Anchor Bid Date		Apr 12, 2024
Issue Open	Mar 28, 2024	Apr 15, 2024
Issue Close	Apr 04, 2024	Apr 18, 2024
Basis Of Allotment (Tentative)	Apr 05, 2024	Apr 19, 2024
Initiation of Refunds (Tentative)	Apr 08, 2024	Apr 22, 2024
Credit of Share (Tentative)	Apr 08, 2024	Apr 22, 2024
Listing date (Tentative)	Apr 09, 2024	Apr 23, 2024
Anchor Lockin End date 1		May 19, 2024
Anchor Lockin End date 2		Jul 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 IPO

Ramdevbaba Solvent IPO

Financials

Aluwind Architectural Limited Financial Information (Restated)

Aluwind Architectural Limited 's revenue increased by 67.54% and profit after tax (PAT) rose by 242.7% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,907.14	4,086.53	3,232.74	2,177.73
Total Income	4,142.97	4,900.62	2,925.13	2,139.29
Profit After Tax	372.83	270.05	78.80	76.92
Net Worth	2,069.53	1,702.56	1,429.87	1,041.33
Reserves and Surplus	1,816.09	1,449.13	1,417.80	1,030.56
Total Borrowing	993.98	707.52	638.92	436.06
Amount in ₹ Lakhs

Ramdevbaba Solvent Limited Financial Information (Restated)

Ramdevbaba Solvent Limited's revenue increased by 20.35% and profit after tax (PAT) rose by 97.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,341.24	19,062.61	13,134.86	10,125.05
Total Income	46,569.81	70,433.41	58,525.46	42,717.32
Profit After Tax	828.90	1,300.15	659.15	617.06
Net Worth	6,857.15	4,783.25	3,483.10	2,823.95
Reserves and Surplus	5,235.97	4,324.52	3,024.37	2,365.22
Total Borrowing	9,998.78	9,922.63	6,485.67	4,474.16
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.22

81.01

Promoter Shareholding (Post-Issue)

72.13

P/E Ratio

30.41

10.6

Market Cap

₹111.81 Cr.

₹188.07 Cr.

ROE

19.77%

ROCE

24.55%

10.76%

Debt/Equity

0.48

1.46

EPS

₹1.48

₹8.02

RoNW

19.77%

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 IPO	Ramdevbaba Solvent IPO
Anchor Investor Reserveration		16,80,000 shares
Market Maker Reserveration	3,30,000 shares	3,13,600 shares
QIB		11,20,000 shares
NII	31,35,000 shares	8,40,000 shares
RII	31,35,000 shares	19,60,000 shares
Employee
Others
Total	62,70,000 shares	56,00,000 shares

Bids Received (Subscription)

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

	Aluwind Architectural IPO	Ramdevbaba Solvent IPO
QIB (times)		65.95x
NII (times)	5.23x	314.46x
Big NII (times)
Small NII (times)
RII (times)	10.71x	79.96x
Employee (times)
Other (times)
Total (times)	8.19x	126.21x

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