Ashoka Metcast IPO vs S K S Textiles IPO

Comparison between Ashoka Metcast IPO and S K S Textiles IPO.

IPO Details

Ashoka Metcast IPO is a SME Fixed Price IPO proposed to list at BSE SME while S K S Textiles IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Ashoka Metcast IPO is up to ₹11.38 Cr whereas the issue size of the S K S Textiles IPO is up to ₹12.60 Cr. The final issue price of Ashoka Metcast IPO is ₹20.00 per share and of S K S Textiles IPO is ₹150.00 per share.

 Ashoka Metcast IPOS K S Textiles IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹150.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares1000 shares
Fresh Issue Size56,88,000 shares3,90,000 shares
Fresh Issue Size (Amount)up to ₹11.38 Crup to ₹5.85 Cr
OFS Issue Size0 shares4,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹6.75 Cr
Issue Size Total56,88,000 shares8,40,000 shares
Issue Size Total (Amount)up to ₹11.38 Crup to ₹12.60 Cr

IPO Timetable

Ashoka Metcast IPO opens on Jan 23, 2018, while S K S Textiles IPO opens on Jan 09, 2018. The closing date of Ashoka Metcast IPO and S K S Textiles IPO is Jan 25, 2018, and Jan 11, 2018, respectively.

 Ashoka Metcast IPOS K S Textiles IPO
Issue OpenJan 23, 2018Jan 09, 2018
Issue CloseJan 25, 2018Jan 11, 2018
Basis Of Allotment (Tentative)Jan 31, 2018Jan 17, 2018
Listing date (Tentative)Feb 05, 2018Jan 19, 2018

Financials & KPIs

Ashoka Metcast IPO P/E ratio is , as compared to S K S Textiles IPO P/E ratio of .

 Ashoka Metcast IPOS K S Textiles IPO
Financials

Company Financials (Restated)

Period Ended15 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.5910.5818.281.28
Total Income6.520.100.000.01
Profit After Tax0.050.010.000.01
NET Worth9.320.010.000.00
Reserves and Surplus4.760.00-0.01-0.01
Total Borrowing5.050.101.28
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201731 Mar 201731 Mar 201631 Mar 2015
Assets117.96101.61104.5384.81
Total Income75.16158.75147.82131.76
Profit After Tax1.121.611.451.09
NET Worth30.5529.4827.9726.62
Reserves and Surplus27.7328.4526.9425.59
Total Borrowing36.3234.5333.3430.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%100.00%
Promoter Shareholding (Post-Issue)43.98%72.76%
Market Cap₹21.42 Cr.₹48.89 Cr.

Shares Offered

In the Ashoka Metcast IPO Retail Individual Investors (RII) are offered 28,44,000 shares while in S K S Textiles IPO retail investors are offered 28,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ashoka Metcast IPO and 0 shares in S K S Textiles IPO.

 Ashoka Metcast IPOS K S Textiles IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,12,000 shares48,000 shares
QIB0 shares0 shares
NII28,44,000 shares4,20,000 shares
RII28,44,000 shares4,20,000 shares
Employee0 shares0 shares
Total56,88,000 shares8,40,000 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas S K S Textiles IPO subscribed 14.80x.

 Ashoka Metcast IPOS K S Textiles IPO
NII (times)0.51x6.90x
RII (times)2.63x22.70x
Total (times)1.57x14.80x

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