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Adishakti Loha IPO vs Suyog Gurbaxani Funicular IPO

Comparison between Adishakti Loha IPO and Suyog Gurbaxani Funicular IPO.

IPO Details

Adishakti Loha IPO is a SME Fixed Price IPO proposed to list at BSE SME while Suyog Gurbaxani Funicular IPO is a SME Fixed Price proposed to list at BSE SME.

 Adishakti Loha IPOSuyog Gurbaxani Funicular IPO
LogoAdishakti Loha IPO LogoSuyog Gurbaxani Funicular IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtBSE SMEBSE SME
Lead ManagersTurnaround Corporate Advisors Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Kfin Technologies Ltd.
Market MakerNNM Securities Pvt.Ltd.Aryaman Capital Markets Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Adishakti Loha IPO is up to ₹1.89 Cr whereas the issue size of the Suyog Gurbaxani Funicular IPO is up to ₹28.00 Cr. The final issue price of Adishakti Loha IPO is ₹11.00 per share and of Suyog Gurbaxani Funicular IPO is ₹45.00 per share.

 Adishakti Loha IPOSuyog Gurbaxani Funicular IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)₹11.00 per share₹45.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size10000 shares3000 shares
Fresh Issue Size17,20,000 shares11,67,000 shares
Fresh Issue Size (Amount)up to ₹1.89 Crup to ₹5.25 Cr
OFS Issue Size0 shares50,55,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹22.75 Cr
Issue Size Total17,20,000 shares62,22,000 shares
Issue Size Total (Amount)up to ₹1.89 Crup to ₹28.00 Cr

IPO Timetable

Adishakti Loha IPO opens on Sep 30, 2021, while Suyog Gurbaxani Funicular IPO opens on Nov 01, 2021. The closing date of Adishakti Loha IPO and Suyog Gurbaxani Funicular IPO is Oct 05, 2021, and Nov 08, 2021, respectively.

 Adishakti Loha IPOSuyog Gurbaxani Funicular IPO
Anchor Bid Date
Issue OpenSep 30, 2021Nov 01, 2021
Issue CloseOct 05, 2021Nov 08, 2021
Basis Of Allotment (Tentative)Nov 11, 2021
Initiation of Refunds (Tentative)Nov 12, 2021
Credit of Share (Tentative)Nov 15, 2021
Listing date (Tentative)Oct 13, 2021Nov 16, 2021
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials & KPIs

Adishakti Loha IPO P/E ratio is , as compared to Suyog Gurbaxani Funicular IPO P/E ratio of .

 Adishakti Loha IPOSuyog Gurbaxani Funicular IPO
Financials
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 93.57 0.46 0.21
Total Revenue 109.49 0.27 NA
Profit After Tax (0.21) 0.19 0.04
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 843.12 861.96 887.12 941.05
Total Revenue 0.01 44.77 131.92 79.06
Profit After Tax (23.22) (79.34) (18.81) (34.84)
Promoter Shareholding (Pre-Issue)100.0090.57
Promoter Shareholding (Post-Issue)60.0764.78
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Adishakti Loha IPO Retail Individual Investors (RII) are offered 8,60,000 shares while in Suyog Gurbaxani Funicular IPO retail investors are offered 8,60,000 shares. Qualified Institutional Buyers (QIB) are offered in Adishakti Loha IPO and in Suyog Gurbaxani Funicular IPO.

 Adishakti Loha IPOSuyog Gurbaxani Funicular IPO
Anchor Investor Reserveration
Market Maker Reserveration1,00,000 shares3,33,000 shares
QIB
NII8,60,000 shares31,11,000 shares
RII8,60,000 shares31,11,000 shares
Employee
Others
Total17,20,000 shares62,22,000 shares

Bids Received (Subscription)

Adishakti Loha IPO subscribed 1.84x in total, whereas Suyog Gurbaxani Funicular IPO subscribed 1.27x.

 Adishakti Loha IPOSuyog Gurbaxani Funicular IPO
QIB (times)
NII (times)0.81x1.98x
Big NII (times)
Small NII (times)
RII (times)2.87x0.56x
Employee (times)
Other (times)
Total (times)1.84x1.27x