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Shivalic Power Control IPO vs Akiko Global IPO

Comparison between Shivalic Power Control IPO and Akiko Global IPO.

IPO Details

Shivalic Power Control IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Akiko Global IPO is a SME Bookbuilding proposed to list at NSE SME.

 Shivalic Power Control IPOAkiko Global IPO
LogoShivalic Power Control IPO LogoAkiko Global IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersCorporate Capitalventures Pvt.Ltd.Fast Track Finsec Pvt.Ltd.
RegistrarSkyline Financial Services Pvt.Ltd.Skyline Financial Services Pvt.Ltd.
Market MakerSS Corporate Securities Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Shivalic Power Control IPO is up to ₹60.96 Cr whereas the issue size of the Akiko Global IPO is up to ₹21.95 Cr. The final issue price of Shivalic Power Control IPO is ₹100.00 per share and of Akiko Global IPO is ₹77.00 per share.

 Shivalic Power Control IPOAkiko Global IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹95.00 per share₹73.00 per share
Issue Price (Upper)₹100.00 per share₹77.00 per share
Issue Price (Final)₹100.00 per share₹77.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size1200 shares1600 shares
Fresh Issue Size60,96,000 shares28,51,200 shares
Fresh Issue Size (Amount)up to ₹60.96 Crup to ₹21.95 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total60,96,000 shares28,51,200 shares
Issue Size Total (Amount)up to ₹60.96 Crup to ₹21.95 Cr

IPO Timetable

Shivalic Power Control IPO opens on Jun 24, 2024, while Akiko Global IPO opens on Jun 25, 2024. The closing date of Shivalic Power Control IPO and Akiko Global IPO is Jun 26, 2024, and Jun 27, 2024, respectively.

 Shivalic Power Control IPOAkiko Global IPO
Anchor Bid DateJun 21, 2024Jun 24, 2024
Issue OpenJun 24, 2024Jun 25, 2024
Issue CloseJun 26, 2024Jun 27, 2024
Basis Of Allotment (Tentative)Jun 27, 2024Jul 01, 2024
Initiation of Refunds (Tentative)Jun 28, 2024Jul 01, 2024
Credit of Share (Tentative)Jun 28, 2024Jul 01, 2024
Listing date (Tentative)Jul 01, 2024Jul 02, 2024
Anchor Lockin End date 1Jul 27, 2024Jul 31, 2024
Anchor Lockin End date 2Sep 25, 2024Sep 29, 2024

Financials & KPIs

Shivalic Power Control IPO P/E ratio is 24.69, as compared to Akiko Global IPO P/E ratio of 13.2.

 Shivalic Power Control IPOAkiko Global IPO
Financials

Shivalic Power Control Limited Financial Information (Restated)

Shivalic Power Control Limited's revenue increased by 44.03% and profit after tax (PAT) rose by 309.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets7,814.355,827.006,097.564,869.44
Total Income6,379.168,269.395,741.445,238.00
Profit After Tax760.11716.26174.7967.28
Net Worth3,063.442,303.331,587.071,412.28
Reserves and Surplus3,110.222,350.111,633.851,459.05
Total Borrowing3,328.94899.922,722.652,393.66
Amount in ₹ Lakhs

Akiko Global Services Limited Financial Information (Restated)

Period Ended31 Jan 202431 Mar 202331 Mar 202231 Mar 2021
Assets1,794.911,130.87405.67234.88
Total Income2,609.763,958.971,353.31610.78
Profit After Tax321.48453.2677.8522.98
Net Worth1,403.37578.40123.1445.29
Reserves and Surplus626.57574.40121.1443.29
Total Borrowing122.0595.8926.1349.62
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)96.6392.77
Promoter Shareholding (Post-Issue)70.8666.91
P/E Ratio24.6913.2
Market Cap₹241.16 Cr.₹82.93 Cr.
ROE28.33%32.44%
ROCE19.20%29.23%
Debt/Equity1.090.09
EPS₹4.05₹5.83
RoNW28.33%22.91%

Shares Offered

In the Shivalic Power Control IPO Retail Individual Investors (RII) are offered 21,33,600 shares while in Akiko Global IPO retail investors are offered 21,33,600 shares. Qualified Institutional Buyers (QIB) are offered 12,19,200 shares in Shivalic Power Control IPO and 5,69,600 shares in Akiko Global IPO.

 Shivalic Power Control IPOAkiko Global IPO
Anchor Investor Reserveration18,28,800 shares8,54,400 shares
Market Maker Reserveration3,36,000 shares1,50,400 shares
QIB12,19,200 shares5,69,600 shares
NII9,14,400 shares4,28,800 shares
RII21,33,600 shares9,98,400 shares
Employee
Others
Total60,96,000 shares28,51,200 shares

Bids Received (Subscription)

Shivalic Power Control IPO subscribed 257.24x in total, whereas Akiko Global IPO subscribed 34.96x.

 Shivalic Power Control IPOAkiko Global IPO
QIB (times)170.32x10.21x
NII (times)436.37x48.05x
Big NII (times)
Small NII (times)
RII (times)230.14x45.57x
Employee (times)
Other (times)
Total (times)257.24x34.96x