Comparison between Aartech Solonics IPO and Surani Steel Tubes IPO.
Aartech Solonics IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Surani Steel Tubes IPO is a SME Bookbuilding proposed to list at NSE SME.
| Aartech Solonics IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | BSE SME | NSE SME |
| Lead Managers | Swastika Investmart Ltd. | Pantomath Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | MUFG Intime India Pvt.Ltd. |
| Market Maker | Swastika Investmart Ltd. | Pantomath Stock Brokers Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Final Prospectus | Final Prospectus | Final Prospectus |
| Anchor Investor | ||
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of Aartech Solonics IPO is up to ₹6.83 Cr whereas the issue size of the Surani Steel Tubes IPO is up to ₹12.26 Cr. The final issue price of Aartech Solonics IPO is ₹34.00 per share and of Surani Steel Tubes IPO is ₹52.00 per share.
| Aartech Solonics IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹51.00 per share | |
| Issue Price (Upper) | ₹52.00 per share | |
| Issue Price (Final) | ₹34.00 per share | ₹52.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 4000 shares | 2000 shares |
| Fresh Issue Size | 20,08,000 shares | 23,58,000 shares |
| Fresh Issue Size (Amount) | up to ₹6.83 Cr | up to ₹12.26 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 | 20,08,000 shares | 23,58,000 shares |
| Issue Size Total (Amount) | up to ₹6.83 Cr | up to ₹12.26 Cr |
Aartech Solonics IPO opens on Mar 12, 2019, while Surani Steel Tubes IPO opens on Jan 25, 2019. The closing date of Aartech Solonics IPO and Surani Steel Tubes IPO is Mar 18, 2019, and Jan 29, 2019, respectively.
| Aartech Solonics IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Anchor Bid Date | ||
| Issue Open | Mar 12, 2019 | Jan 25, 2019 |
| Issue Close | Mar 18, 2019 | Jan 29, 2019 |
| Basis Of Allotment (Tentative) | Mar 22, 2019 | |
| Initiation of Refunds (Tentative) | Mar 25, 2019 | |
| Credit of Share (Tentative) | Mar 25, 2019 | |
| Listing date (Tentative) | Mar 27, 2019 | Feb 06, 2019 |
| Anchor Lockin End date 1 | ||
| Anchor Lockin End date 2 |
Aartech Solonics IPO P/E ratio is , as compared to Surani Steel Tubes IPO P/E ratio of .
| Aartech Solonics IPO | Surani Steel Tubes IPO | |||||
|---|---|---|---|---|---|---|
| Financials | Company Financials ()
| Company Financials ()
| ||||
| Promoter Shareholding (Pre-Issue) | 74.85 | 20,95,000 Shares (36.12) | ||||
| Promoter Shareholding (Post-Issue) | 52.38 | |||||
| P/E Ratio | ||||||
| Market Cap | ₹24.00 Cr. | ₹43.08 Cr. | ||||
| ROE | ||||||
| ROCE | ||||||
| Debt/Equity | ||||||
| EPS | ||||||
| RoNW |
In the Aartech Solonics IPO Retail Individual Investors (RII) are offered 10,04,000 shares while in Surani Steel Tubes IPO retail investors are offered 10,04,000 shares. Qualified Institutional Buyers (QIB) are offered in Aartech Solonics IPO and in Surani Steel Tubes IPO.
| Aartech Solonics IPO | Surani Steel Tubes IPO | |
|---|---|---|
| Anchor Investor Reservation | ||
| Market Maker Reservation | 1,12,000 shares | 1,26,000 shares |
| QIB | ||
| NII | 10,04,000 shares | 11,78,000 shares |
| RII | 10,04,000 shares | 11,80,000 shares |
| Employee | ||
| Others | ||
| Total | 20,08,000 shares | 23,58,000 shares |
Aartech Solonics IPO subscribed 2.00x in total, whereas Surani Steel Tubes IPO subscribed 1.55x.
| Aartech Solonics IPO | Surani Steel Tubes IPO | |
|---|---|---|
| QIB (times) | ||
| NII (times) | 2.35x | 1.80x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 1.64x | 1.29x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 2.00x | 1.55x |
