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Ahasolar Technologies IPO vs Srivari Spices IPO

Comparison between Ahasolar Technologies IPO and Srivari Spices IPO.

IPO Details

Ahasolar Technologies IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Srivari Spices IPO is a SME Bookbuilding proposed to list at NSE SME.

 Ahasolar Technologies IPOSrivari Spices IPO
LogoAhasolar Technologies IPO LogoSrivari Spices IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersBeeline Capital Advisors Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarKfin Technologies Ltd.Bigshare Services Pvt.Ltd.
Market MakerSunflower Broking Pvt.Ltd.Nikunj Stock Brokers Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Ahasolar Technologies IPO is up to ₹12.18 Cr whereas the issue size of the Srivari Spices IPO is up to ₹8.54 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Srivari Spices IPO is ₹42.00 per share.

 Ahasolar Technologies IPOSrivari Spices IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹40.00 per share
Issue Price (Upper)₹42.00 per share
Issue Price (Final)₹157.00 per share₹42.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size800 shares3000 shares
Fresh Issue Size7,76,000 shares20,34,000 shares
Fresh Issue Size (Amount)up to ₹12.18 Crup to ₹8.54 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total7,76,000 shares20,34,000 shares
Issue Size Total (Amount)up to ₹12.18 Crup to ₹8.54 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Srivari Spices IPO opens on Aug 07, 2023. The closing date of Ahasolar Technologies IPO and Srivari Spices IPO is Jul 13, 2023, and Aug 09, 2023, respectively.

 Ahasolar Technologies IPOSrivari Spices IPO
Anchor Bid DateAug 04, 2023
Issue OpenJul 10, 2023Aug 07, 2023
Issue CloseJul 13, 2023Aug 09, 2023
Basis Of Allotment (Tentative)Jul 18, 2023Aug 14, 2023
Initiation of Refunds (Tentative)Jul 19, 2023Aug 16, 2023
Credit of Share (Tentative)Jul 20, 2023Aug 17, 2023
Listing date (Tentative)Jul 21, 2023Aug 18, 2023
Anchor Lockin End date 1Sep 13, 2023
Anchor Lockin End date 2Nov 12, 2023

Financials & KPIs

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Srivari Spices IPO P/E ratio of 9.59.

 Ahasolar Technologies IPOSrivari Spices IPO
Financials
Ahasolar Technologies Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthReserves and SurplusTotal Borrowing
31-Mar-20138.63128.702.072.161.1623.04
31-Mar-2185.47187.737.9110.089.0824.24
31-Mar-22237.371,714.6468.6378.7177.7158.18
31-Mar-23525.562,105.16176.38405.07178.690.00
Amount in ₹ Lakhs
Srivari Spices and Foods IPO Financial Information (Restated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets235.88627.381,067.622,568.13
Total Income19.051,139.901,764.213,582.01
Profit After Tax-10.6935.2672.84312.61
Net Worth177.54426.91499.75910.02
Reserves and Surplus-10.6924.5797.41410.02
Total Borrowing277.391,283.51
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)50.3199.90
Promoter Shareholding (Post-Issue)36.95
P/E Ratio27.459.59
Market Cap₹48.39 Cr.₹30.00 Cr.
ROE72.92%44.35%
ROCE63.53%23.65%
Debt/Equity1.41
EPS₹7.94₹4.45
RoNW43.54%24.79%

Shares Offered

In the Ahasolar Technologies IPO Retail Individual Investors (RII) are offered 3,88,000 shares while in Srivari Spices IPO retail investors are offered 3,88,000 shares. Qualified Institutional Buyers (QIB) are offered in Ahasolar Technologies IPO and 4,08,000 shares in Srivari Spices IPO.

 Ahasolar Technologies IPOSrivari Spices IPO
Anchor Investor Reserveration6,06,000 shares
Market Maker Reserveration42,400 shares1,08,000 shares
QIB4,08,000 shares
NII3,88,000 shares3,06,000 shares
RII3,88,000 shares7,14,000 shares
Employee
Others
Total7,76,000 shares20,34,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Srivari Spices IPO subscribed 450.03x.

 Ahasolar Technologies IPOSrivari Spices IPO
QIB (times)79.10x
NII (times)23.37x786.11x
Big NII (times)
Small NII (times)
RII (times)46.18x517.95x
Employee (times)
Other (times)
Total (times)34.79x450.03x