Accuracy Shipping IPO vs Sonam Clock IPO

Comparison between Accuracy Shipping IPO and Sonam Clock IPO.

IPO Details

Accuracy Shipping IPO is a SME Fixed Price IPO proposed to list at NSE SME while Sonam Clock IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Accuracy Shipping IPO is up to ₹33.94 Cr whereas the issue size of the Sonam Clock IPO is up to ₹9.59 Cr. The final issue price of Accuracy Shipping IPO is ₹84.00 per share and of Sonam Clock IPO is ₹36.00 per share.

 Accuracy Shipping IPOSonam Clock IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹81.00 per share
Issue Price (Upper)₹84.00 per share
Issue Price (Final)₹84.00 per share₹36.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares3000 shares
Fresh Issue Size40,40,000 shares26,64,000 shares
Fresh Issue Size (Amount)up to ₹33.94 Crup to ₹9.59 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total40,40,000 shares26,64,000 shares
Issue Size Total (Amount)up to ₹33.94 Crup to ₹9.59 Cr

IPO Timetable

Accuracy Shipping IPO opens on Jun 11, 2018, while Sonam Clock IPO opens on Jun 01, 2018. The closing date of Accuracy Shipping IPO and Sonam Clock IPO is Jun 14, 2018, and Jun 06, 2018, respectively.

 Accuracy Shipping IPOSonam Clock IPO
Anchor Bid DateJun 08, 2018
Issue OpenJun 11, 2018Jun 01, 2018
Issue CloseJun 14, 2018Jun 06, 2018
Basis Of Allotment (Tentative)Jun 19, 2018Jun 11, 2018
Initiation of Refunds (Tentative)Jun 20, 2018
Credit of Share (Tentative)Jun 21, 2018
Listing date (Tentative)Jun 22, 2018Jun 14, 2018
Anchor Lockin End date 1Jul 19, 2018

Financials & KPIs

Accuracy Shipping IPO P/E ratio is , as compared to Sonam Clock IPO P/E ratio of .

 Accuracy Shipping IPOSonam Clock IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets88.3758.2543.9427.84
Total Income266.53201.29170.79161.66
Profit After Tax6.821.961.070.32
NET Worth21.2813.355.392.27
Reserves and Surplus11.164.352.391.32
Total Borrowing38.9718.0918.547.95
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets37.7434.9434.1728.52
Total Income38.6239.0336.8234.06
Profit After Tax2.260.812.680.41
EBITDA5.364.425.333.59
NET Worth11.619.358.545.86
Reserves and Surplus4.413.953.144.06
Total Borrowing18.2918.5917.7417.55
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.30%100%
Promoter Shareholding (Post-Issue)61.90%71.94%
Market Cap₹126.47 Cr.₹36.03 Cr.

Shares Offered

In the Accuracy Shipping IPO Retail Individual Investors (RII) are offered 14,14,400 shares while in Sonam Clock IPO retail investors are offered 14,14,400 shares. Qualified Institutional Buyers (QIB) are offered 8,28,800 shares in Accuracy Shipping IPO and 0 shares in Sonam Clock IPO.

 Accuracy Shipping IPOSonam Clock IPO
Anchor Investor Reservation11,90,400 shares0 shares
Market Maker Reservation2,17,600 shares1,44,000 shares
QIB8,28,800 shares0 shares
NII6,06,400 shares13,32,000 shares
RII14,14,400 shares13,32,000 shares
Employee0 shares0 shares
Total40,40,000 shares26,64,000 shares

Bids Received (Subscription)

Accuracy Shipping IPO subscribed 1.06x in total, whereas Sonam Clock IPO subscribed 2.42x.

 Accuracy Shipping IPOSonam Clock IPO
QIB (times)0.97x
NII (times)2.33x1.04x
RII (times)1.45x3.80x
Total (times)1.06x2.42x

Compare with others

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Accuracy Shipping IPO Vs Sonam Clock IPO