Ahlada Engineers IPO vs Spectrum Electrical IPO

Comparison between Ahlada Engineers IPO and Spectrum Electrical IPO.

IPO Details

Ahlada Engineers IPO is a SME Fixed Price IPO proposed to list at NSE SME while Spectrum Electrical IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Ahlada Engineers IPO is up to ₹48.51 Cr whereas the issue size of the Spectrum Electrical IPO is up to ₹24.57 Cr. The final issue price of Ahlada Engineers IPO is ₹150.00 per share and of Spectrum Electrical IPO is ₹65.00 per share.

 Ahlada Engineers IPOSpectrum Electrical IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹147.00 per share
Issue Price (Upper)₹150.00 per share
Issue Price (Final)₹150.00 per share₹65.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares2000 shares
Fresh Issue Size32,34,000 shares37,80,000 shares
Fresh Issue Size (Amount)up to ₹48.51 Crup to ₹24.57 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total32,34,000 shares37,80,000 shares
Issue Size Total (Amount)up to ₹48.51 Crup to ₹24.57 Cr

IPO Timetable

Ahlada Engineers IPO opens on Sep 11, 2018, while Spectrum Electrical IPO opens on Sep 17, 2018. The closing date of Ahlada Engineers IPO and Spectrum Electrical IPO is Sep 18, 2018, and Sep 21, 2018, respectively.

 Ahlada Engineers IPOSpectrum Electrical IPO
Issue OpenSep 11, 2018Sep 17, 2018
Issue CloseSep 18, 2018Sep 21, 2018
Basis Of Allotment (Tentative)Sep 24, 2018Sep 26, 2018
Initiation of Refunds (Tentative)Sep 25, 2018
Credit of Share (Tentative)Sep 25, 2018
Listing date (Tentative)Oct 27, 2018Oct 01, 2018

Financials & KPIs

Ahlada Engineers IPO P/E ratio is , as compared to Spectrum Electrical IPO P/E ratio of .

 Ahlada Engineers IPOSpectrum Electrical IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets145.6297.8683.87
Total Income127.89118.55111.47
Profit After Tax8.093.273.06
NET Worth36.4028.4025.24
Reserves and Surplus27.7224.0120.74
Total Borrowing47.1530.4923.12
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Mar 201831 Mar 201731 Mar 2016
Assets107.6325.0614.91
Total Income119.836.602.16
Profit After Tax5.900.530.30
NET Worth33.735.795.25
Reserves and Surplus22.590.800.26
Total Borrowing34.4410.358.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)68.38%93.16%
Promoter Shareholding (Post-Issue)50.36%68.63%
Market Cap₹193.82 Cr.₹98.28 Cr.

Shares Offered

In the Ahlada Engineers IPO Retail Individual Investors (RII) are offered 11,32,000 shares while in Spectrum Electrical IPO retail investors are offered 11,32,000 shares. Qualified Institutional Buyers (QIB) are offered 12,94,000 shares in Ahlada Engineers IPO and 0 shares in Spectrum Electrical IPO.

 Ahlada Engineers IPOSpectrum Electrical IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation1,71,000 shares2,00,000 shares
QIB12,94,000 shares0 shares
NII8,08,000 shares18,90,000 shares
RII11,32,000 shares18,90,000 shares
Employee0 shares0 shares
Total32,34,000 shares37,80,000 shares

Bids Received (Subscription)

Ahlada Engineers IPO subscribed 2.35x in total, whereas Spectrum Electrical IPO subscribed 1.27x.

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Ahlada Engineers IPO Vs Spectrum Electrical IPO