Ahasolar Technologies IPO vs Service Care IPO

Comparison between Ahasolar Technologies IPO and Service Care IPO.

IPO Details

Ahasolar Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Service Care IPO is a SME Bookbuilding proposed to list at NSE SME.

	Ahasolar Technologies IPO	Service Care IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price	Bookbuilding
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Swastika Investmart Ltd.
Registrar	Kfin Technologies Ltd.	Integrated Registry Management Services Pvt.Ltd.
Market Maker	Sunflower Broking Pvt.Ltd.	Rikhav Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ahasolar Technologies IPO is up to ₹12.18 Cr whereas the issue size of the Service Care IPO is up to ₹19.63 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Service Care IPO is ₹67.00 per share.

	Ahasolar Technologies IPO	Service Care IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹63.00 per share
Issue Price (Upper)		₹67.00 per share
Issue Price (Final)	₹157.00 per share	₹67.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	800 shares	2000 shares
Fresh Issue Size	7,76,000 shares	29,30,000 shares
Fresh Issue Size (Amount)	up to ₹12.18 Cr	up to ₹19.63 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	7,76,000 shares	29,30,000 shares
Issue Size Total (Amount)	up to ₹12.18 Cr	up to ₹19.63 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Service Care IPO opens on Jul 14, 2023. The closing date of Ahasolar Technologies IPO and Service Care IPO is Jul 13, 2023, and Jul 18, 2023, respectively.

	Ahasolar Technologies IPO	Service Care IPO
Anchor Bid Date
Issue Open	Jul 10, 2023	Jul 14, 2023
Issue Close	Jul 13, 2023	Jul 18, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Jul 21, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Jul 24, 2023
Credit of Share (Tentative)	Jul 20, 2023	Jul 25, 2023
Listing date (Tentative)	Jul 21, 2023	Jul 26, 2023
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Service Care IPO P/E ratio of 21.2.

Ahasolar Technologies IPO

Service Care IPO

Financials

Ahasolar Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	138.63	128.70	2.07	2.16	1.16	23.04
31-Mar-21	85.47	187.73	7.91	10.08	9.08	24.24
31-Mar-22	237.37	1,714.64	68.63	78.71	77.71	58.18
31-Mar-23	525.56	2,105.16	176.38	405.07	178.69	0.00
Amount in ₹ Lakhs

Service Care Private Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	1,920.92	10,812.34	136.28	434.38	433.38	306.01
31-Mar-21	2,019.92	8,933.38	23.46	457.84	456.84	314.56
31-Mar-22	2,430.89	11,501.64	174.48	632.32	631.32	341.47
31-Jan-23	3,181.30	13,217.29	302.34	1,134.66	1,133.41
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50.31

100

Promoter Shareholding (Post-Issue)

36.95

P/E Ratio

27.45

21.2

Market Cap

₹48.39 Cr.

₹77.04 Cr.

ROE

72.92%

0.34

ROCE

63.53%

0.37

Debt/Equity

EPS

₹7.94

₹1744.81

RoNW

43.54%

26.65

Shares Offered

In the Ahasolar Technologies IPO Retail Individual Investors (RII) are offered 3,88,000 shares while in Service Care IPO retail investors are offered 3,88,000 shares. Qualified Institutional Buyers (QIB) are offered in Ahasolar Technologies IPO and 2,94,000 shares in Service Care IPO.

	Ahasolar Technologies IPO	Service Care IPO
Anchor Investor Reserveration
Market Maker Reserveration	42,400 shares	1,56,000 shares
QIB		2,94,000 shares
NII	3,88,000 shares	13,18,000 shares
RII	3,88,000 shares	13,18,000 shares
Employee
Others
Total	7,76,000 shares	29,30,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Service Care IPO subscribed 6.44x.

	Ahasolar Technologies IPO	Service Care IPO
QIB (times)		5.10x
NII (times)	23.37x	2.64x
Big NII (times)
Small NII (times)
RII (times)	46.18x	10.54x
Employee (times)
Other (times)
Total (times)	34.79x	6.44x

Compare with others

Ahasolar Technologies IPO	Service Care IPO
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Service Care IPO	Asarfi Hospital IPO
Drone Destination IPO	Ahasolar Technologies IPO
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