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Aartech Solonics IPO vs Surani Steel Tubes IPO

Comparison between Aartech Solonics IPO and Surani Steel Tubes IPO.

IPO Details

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 IPOSurani Steel Tubes IPO
LogoAartech Solonics IPO LogoSurani Steel Tubes IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtBSE SMENSE SME
Lead ManagersSwastika Investmart Ltd.Pantomath Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market MakerSwastika Investmart Ltd.Pantomath Stock Brokers Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

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 IPOSurani 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
Market Lot Size4000 shares2000 shares
Fresh Issue Size20,08,000 shares23,58,000 shares
Fresh Issue Size (Amount)up to ₹6.83 Crup to ₹12.26 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total20,08,000 shares23,58,000 shares
Issue Size Total (Amount)up to ₹6.83 Crup to ₹12.26 Cr

IPO Timetable

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 IPOSurani Steel Tubes IPO
Issue OpenMar 12, 2019Jan 25, 2019
Issue CloseMar 18, 2019Jan 29, 2019
Basis Of Allotment (Tentative)Mar 22, 2019Feb 01, 2019
Initiation of Refunds (Tentative)Mar 25, 2019
Credit of Share (Tentative)Mar 25, 2019
Listing date (Tentative)Mar 27, 2019Feb 06, 2019

Financials & KPIs

Aartech Solonics IPO P/E ratio is , as compared to Surani Steel Tubes IPO P/E ratio of .

 Aartech Solonics IPOSurani Steel Tubes IPO
Financials

Company Financials (Restated Standalone)

Period Ended30 Sep 201831 Mar 201831 Mar 201731 Mar 2016
Assets19.4219.3819.4618.72
Total Income4.1712.0913.4210.26
Profit After Tax0.601.180.300.23
NET Worth18.5117.9116.7716.47
Reserves and Surplus13.5712.9711.8311.53
Total Borrowing0.50
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Jul 201831 Mar 201831 Mar 201731 Mar 2016
Assets37.1435.2828.3622.98
Total Income36.14100.8076.7068.46
Profit After Tax0.411.721.001.10
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)74.85%48.52%
Promoter Shareholding (Post-Issue)52.38%33.97%
Market Cap₹24.00 Cr.₹43.08 Cr.

Shares Offered

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 0 shares in Surani Steel Tubes IPO.

 Aartech Solonics IPOSurani Steel Tubes IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,12,000 shares1,26,000 shares
QIB0 shares
NII10,04,000 shares11,78,000 shares
RII10,04,000 shares11,80,000 shares
Employee0 shares
Total20,08,000 shares23,58,000 shares

Bids Received (Subscription)

Aartech Solonics IPO subscribed 2.00x in total, whereas Surani Steel Tubes IPO subscribed 1.55x.

 Aartech Solonics IPOSurani Steel Tubes IPO
NII (times)2.35x1.80x
RII (times)1.64x1.29x
Total (times)2.00x1.55x

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Compare:

Aartech Solonics IPO Vs Surani Steel Tubes IPO