AVP Infracon IPO vs Signoria Creation IPO

Comparison between AVP Infracon IPO and Signoria Creation IPO.

IPO Details

AVP Infracon IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Signoria Creation IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of AVP Infracon IPO is up to ₹46.86 Cr whereas the issue size of the Signoria Creation IPO is up to ₹8.81 Cr. The final issue price of AVP Infracon IPO is ₹75.00 per share and of Signoria Creation IPO is ₹65.00 per share.

 AVP Infracon IPOSignoria Creation IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share₹61.00 per share
Issue Price (Upper)₹75.00 per share₹65.00 per share
Issue Price (Final)₹75.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size1600 shares2000 shares
Fresh Issue Size62,48,000 shares13,56,000 shares
Fresh Issue Size (Amount)up to ₹46.86 Crup to ₹8.81 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,48,000 shares13,56,000 shares
Issue Size Total (Amount)up to ₹46.86 Crup to ₹8.81 Cr

IPO Timetable

AVP Infracon IPO opens on Mar 13, 2024, while Signoria Creation IPO opens on Mar 12, 2024. The closing date of AVP Infracon IPO and Signoria Creation IPO is Mar 15, 2024, and Mar 14, 2024, respectively.

 AVP Infracon IPOSignoria Creation IPO
Anchor Bid DateMar 12, 2024Mar 11, 2024
Issue OpenMar 13, 2024Mar 12, 2024
Issue CloseMar 15, 2024Mar 14, 2024
Basis Of Allotment (Tentative)Mar 18, 2024Mar 15, 2024
Initiation of Refunds (Tentative)Mar 19, 2024Mar 18, 2024
Credit of Share (Tentative)Mar 19, 2024Mar 18, 2024
Listing date (Tentative)Mar 20, 2024Mar 19, 2024
Anchor Lockin End date 1Apr 17, 2024Apr 14, 2024
Anchor Lockin End date 2Jun 16, 2024Jun 13, 2024

Financials & KPIs

AVP Infracon IPO P/E ratio is 11.2, as compared to Signoria Creation IPO P/E ratio of 9.37.

 AVP Infracon IPOSignoria Creation IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Oct 202331 Mar 2023
Assets172.33146.71
Total Income74.12115.50
Profit After Tax8.5612.05
NET Worth34.0525.50
Reserves and Surplus16.0520.70
Total Borrowing77.9267.29
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets26.1523.359.515.98
Total Income6.5319.1611.825.89
Profit After Tax0.652.310.680.33
NET Worth6.485.831.510.83
Reserves and Surplus5.374.721.010.33
Total Borrowing12.6410.503.772.23
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.5100.00
Promoter Shareholding (Post-Issue)62.33
P/E Ratio11.29.37
Market Cap₹187.34 Cr.₹30.93 Cr.
ROE25.05%10.48%
ROCE22.63%7.38%
Debt/Equity1.96
EPS₹6.70₹6.94
RoNW25.05%9.96%

Shares Offered

In the AVP Infracon IPO Retail Individual Investors (RII) are offered 21,90,400 shares while in Signoria Creation IPO retail investors are offered 21,90,400 shares. Qualified Institutional Buyers (QIB) are offered 12,48,000 shares in AVP Infracon IPO and 2,16,000 shares in Signoria Creation IPO.

 AVP Infracon IPOSignoria Creation IPO
Anchor Investor Reservation18,70,400 shares3,20,000 shares
Market Maker Reservation7,31,200 shares72,000 shares
QIB12,48,000 shares2,16,000 shares
NII9,39,200 shares2,50,000 shares
RII21,90,400 shares5,30,000 shares
Employee40,000 shares
Others
Total62,48,000 shares13,56,000 shares

Bids Received (Subscription)

AVP Infracon IPO subscribed 21.45x in total, whereas Signoria Creation IPO subscribed 666.32x.

 AVP Infracon IPOSignoria Creation IPO
QIB (times)1.05x107.56x
NII (times)46.15x1,290.56x
Big NII (times)
Small NII (times)
RII (times)22.49x649.88x
Employee (times)
Other (times)
Total (times)21.45x666.32x

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AVP Infracon IPO Vs Signoria Creation IPO