Comparison between Drone Destination IPO and Service Care IPO.
Drone Destination IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Service Care IPO is a SME Bookbuilding proposed to list at NSE SME.
| Drone Destination IPO | Service Care IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Bookbuilding | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Narnolia Financial Services Ltd. | Swastika Investmart Ltd. |
| Registrar | Maashitla Securities Pvt.Ltd. | Integrated Registry Management Services Pvt.Ltd. |
| Market Maker | Nikunj Stock Brokers Ltd. | Rikhav Securities Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Drone Destination IPO is up to ₹40.95 Cr whereas the issue size of the Service Care IPO is up to ₹19.63 Cr. The final issue price of Drone Destination IPO is ₹65.00 per share and of Service Care IPO is ₹67.00 per share.
| Drone Destination IPO | Service Care IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹62.00 per share | ₹63.00 per share |
| Issue Price (Upper) | ₹65.00 per share | ₹67.00 per share |
| Issue Price (Final) | ₹65.00 per share | ₹67.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 2000 shares |
| Fresh Issue Size | 63,00,000 shares | 29,30,000 shares |
| Fresh Issue Size (Amount) | up to ₹40.95 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 | 63,00,000 shares | 29,30,000 shares |
| Issue Size Total (Amount) | up to ₹40.95 Cr | up to ₹19.63 Cr |
Drone Destination IPO opens on Jul 07, 2023, while Service Care IPO opens on Jul 14, 2023. The closing date of Drone Destination IPO and Service Care IPO is Jul 13, 2023, and Jul 18, 2023, respectively.
| Drone Destination IPO | Service Care IPO | |
|---|---|---|
| Anchor Bid Date | Jul 06, 2023 | |
| Issue Open | Jul 07, 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 | Aug 17, 2023 | |
| Anchor Lockin End date 2 | Oct 16, 2023 |
Drone Destination IPO P/E ratio is 64.35, as compared to Service Care IPO P/E ratio of 21.2.
| Drone Destination IPO | Service Care IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 85.14 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 64.35 | 21.2 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹157.95 Cr. | ₹77.04 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.90 | 32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.65 | 25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.06 | 0.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹25.80 | ₹1744.81 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.90 | 27.59 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Drone Destination IPO Retail Individual Investors (RII) are offered 22,06,000 shares while in Service Care IPO retail investors are offered 22,06,000 shares. Qualified Institutional Buyers (QIB) are offered 12,60,000 shares in Drone Destination IPO and 2,94,000 shares in Service Care IPO.
| Drone Destination IPO | Service Care IPO | |
|---|---|---|
| Anchor Investor Reservation | 18,88,000 shares | |
| Market Maker Reservation | 5,00,000 shares | 1,56,000 shares |
| QIB | 12,60,000 shares | 2,94,000 shares |
| NII | 9,46,000 shares | 13,18,000 shares |
| RII | 22,06,000 shares | 13,18,000 shares |
| Employee | ||
| Others | ||
| Total | 63,00,000 shares | 29,30,000 shares |
Drone Destination IPO subscribed 191.65x in total, whereas Service Care IPO subscribed 6.44x.
| Drone Destination IPO | Service Care IPO | |
|---|---|---|
| QIB (times) | 50.46x | 5.10x |
| NII (times) | 243.85x | 2.64x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 250.09x | 10.54x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 191.65x | 6.44x |
