Comparison between Akme Star Housing Finance IPO and SSPN Finance IPO.
Akme Star Housing Finance IPO is a SME Fixed Price IPO proposed to list at BSE SME while SSPN Finance IPO is a SME Fixed Price proposed to list at BSE SME.
| Akme Star Housing Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Fixed Price |
| Listing At | BSE SME | BSE SME |
| Lead Managers | Sarthi Capital Advisors Pvt.Ltd. | First Overseas Capital Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Choice Equity Broking Pvt.Ltd. | Choice Equity Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Akme Star Housing Finance IPO is up to ₹4.56 Cr whereas the issue size of the SSPN Finance IPO is up to ₹1.42 Cr. The final issue price of Akme Star Housing Finance IPO is ₹30.00 per share and of SSPN Finance IPO is ₹20.00 per share.
| Akme Star Housing Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Final) | ₹30.00 per share | ₹20.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Market Lot Size | 4000 shares | 6000 shares |
| Fresh Issue Size | 15,20,000 shares | 7,08,000 shares |
| Fresh Issue Size (Amount) | up to ₹4.56 Cr | up to ₹1.42 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 15,20,000 shares | 7,08,000 shares |
| Issue Size Total (Amount) | up to ₹4.56 Cr | up to ₹1.42 Cr |
Akme Star Housing Finance IPO opens on Feb 25, 2015, while SSPN Finance IPO opens on Mar 10, 2015. The closing date of Akme Star Housing Finance IPO and SSPN Finance IPO is Mar 05, 2015, and Mar 12, 2015, respectively.
| Akme Star Housing Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Issue Open | Feb 25, 2015 | Mar 10, 2015 |
| Issue Close | Mar 05, 2015 | Mar 12, 2015 |
| Basis Of Allotment (Tentative) | Mar 13, 2015 | Mar 19, 2015 |
| Listing date (Tentative) | Mar 20, 2015 | Mar 16, 2015 |
Akme Star Housing Finance IPO P/E ratio is , as compared to SSPN Finance IPO P/E ratio of .
| Akme Star Housing Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Promoter Shareholding (Pre-Issue) | 70% | 91.93% |
| Promoter Shareholding (Post-Issue) | 51.13% | 55.51% |
| Market Cap | ₹17.80 Cr. | ₹3.79 Cr. |
| RoNW | 3.63 |
In the Akme Star Housing Finance IPO Retail Individual Investors (RII) are offered 7,60,000 shares while in SSPN Finance IPO retail investors are offered 7,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Akme Star Housing Finance IPO and 0 shares in SSPN Finance IPO.
| Akme Star Housing Finance IPO | SSPN Finance IPO | |
|---|---|---|
| Anchor Investor Reservation | 0 shares | |
| Market Maker Reservation | 80,000 shares | 42,000 shares |
| QIB | 0 shares | |
| NII | 7,60,000 shares | 3,54,000 shares |
| RII | 7,60,000 shares | 3,54,000 shares |
| Employee | 0 shares | |
| Total | 15,20,000 shares | 7,08,000 shares |
Akme Star Housing Finance IPO subscribed 1.76x in total, whereas SSPN Finance IPO subscribed 1.18x.
| Akme Star Housing Finance IPO | SSPN Finance IPO | |
|---|---|---|
| NII (times) | 2.17x | 1.36x |
| RII (times) | 1.35x | 1.00x |
| Total (times) | 1.76x | 1.18x |
