Alkosign IPO vs Safa Systems IPO

Comparison between Alkosign IPO and Safa Systems IPO.

IPO Details

Alkosign IPO is a SME Fixed Price IPO proposed to list at BSE SME while Safa Systems IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Alkosign IPO is up to ₹11.53 Cr whereas the issue size of the Safa Systems IPO is up to ₹3.80 Cr. The final issue price of Alkosign IPO is ₹45.00 per share and of Safa Systems IPO is ₹10.00 per share.

 Alkosign IPOSafa Systems IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹45.00 per share₹10.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size3000 shares10000 shares
Fresh Issue Size25,62,000 shares38,00,000 shares
Fresh Issue Size (Amount)up to ₹11.53 Crup to ₹3.80 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total25,62,000 shares38,00,000 shares
Issue Size Total (Amount)up to ₹11.53 Crup to ₹3.80 Cr

IPO Timetable

Alkosign IPO opens on Jan 18, 2022, while Safa Systems IPO opens on Jan 28, 2022. The closing date of Alkosign IPO and Safa Systems IPO is Jan 21, 2022, and Feb 01, 2022, respectively.

 Alkosign IPOSafa Systems IPO
Issue OpenJan 18, 2022Jan 28, 2022
Issue CloseJan 21, 2022Feb 01, 2022
Basis Of Allotment (Tentative)Jan 27, 2022Feb 04, 2022
Initiation of Refunds (Tentative)Jan 28, 2022Feb 07, 2022
Credit of Share (Tentative)Jan 28, 2022Feb 08, 2022
Listing date (Tentative)Feb 01, 2022Feb 09, 2022

Financials & KPIs

Alkosign IPO P/E ratio is , as compared to Safa Systems IPO P/E ratio of 29.41.

 Alkosign IPOSafa Systems IPO
Financials

Company Financials (Restated)

Period Ended30 Nov 202131 Mar 2021
Assets22.7123.66
Total Income5.9213.28
Profit After Tax-0.640.66
EBITDA0.991.42
NET Worth2.400.67
Reserves and Surplus-0.350.66
Total Borrowing19.2620.47
Amount in ₹ Crore

Company Financials (Restated)

Period Ended07 Oct 202131 Mar 202131 Mar 202031 Mar 2019
Assets44.6848.9340.2738.81
Total Income145.19208.66255.23255.74
Profit After Tax0.270.290.310.36
EBITDA1.672.333.202.26
NET Worth8.448.448.448.17
Total Borrowing29.2129.0025.5620.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100%100%
Promoter Shareholding (Post-Issue)50.41%73.47%
P/E Ratio29.41
Market Cap₹24.50 Cr.₹15.08 Cr.
ROE197
ROCE13
Debt/Equity30.46
EPS₹10.86
RoNW98.513.48

Shares Offered

In the Alkosign IPO Retail Individual Investors (RII) are offered 12,81,000 shares while in Safa Systems IPO retail investors are offered 12,81,000 shares. Qualified Institutional Buyers (QIB) are offered in Alkosign IPO and in Safa Systems IPO.

 Alkosign IPOSafa Systems IPO
Market Maker Reservation1,38,000 shares2,00,000 shares
NII12,81,000 shares19,00,000 shares
RII12,81,000 shares19,00,000 shares
Total25,62,000 shares38,00,000 shares

Bids Received (Subscription)

Alkosign IPO subscribed 4.76x in total, whereas Safa Systems IPO subscribed 52.71x.

 Alkosign IPOSafa Systems IPO
NII (times)3.14x64.61x
RII (times)6.39x40.81x
Total (times)4.76x52.71x

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Alkosign IPO Vs Safa Systems IPO