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Akash Infra-Projects IPO vs Tanvi Foods IPO

Comparison between Akash Infra-Projects IPO and Tanvi Foods IPO.

IPO Details

Akash Infra-Projects IPO is a SME Fixed Price IPO proposed to list at NSE SME while Tanvi Foods IPO is a SME Fixed Price proposed to list at BSE SME.

 Akash Infra-Projects IPOTanvi Foods IPO
LogoAkash Infra-Projects IPO LogoTanvi Foods IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceFixed Price
Listing AtNSE SMEBSE SME
Lead ManagersTipsons Consultancy Services Pvt.Ltd.Aryaman Financial Services Ltd.
RegistrarPurva Sharegistry (India) Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerBeeline Broking Ltd.Aryaman Capital Markets 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 Akash Infra-Projects IPO is up to ₹24.15 Cr whereas the issue size of the Tanvi Foods IPO is up to ₹6.26 Cr. The final issue price of Akash Infra-Projects IPO is ₹125.00 per share and of Tanvi Foods IPO is ₹60.00 per share.

 Akash Infra-Projects IPOTanvi Foods IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹125.00 per share₹60.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1000 shares2000 shares
Fresh Issue Size11,59,200 shares6,16,000 shares
Fresh Issue Size (Amount)up to ₹14.49 Crup to ₹3.70 Cr
OFS Issue Size7,72,800 shares4,28,000 shares
OFS Issue Size (Amount)up to ₹9.66 Crup to ₹2.57 Cr
Issue Size Total19,32,000 shares10,44,000 shares
Issue Size Total (Amount)up to ₹24.15 Crup to ₹6.26 Cr

IPO Timetable

Akash Infra-Projects IPO opens on Feb 28, 2017, while Tanvi Foods IPO opens on Feb 17, 2017. The closing date of Akash Infra-Projects IPO and Tanvi Foods IPO is Mar 06, 2017, and Feb 22, 2017, respectively.

 Akash Infra-Projects IPOTanvi Foods IPO
Issue OpenFeb 28, 2017Feb 17, 2017
Issue CloseMar 06, 2017Feb 22, 2017
Basis Of Allotment (Tentative)Feb 27, 2017
Listing date (Tentative)Mar 15, 2017Mar 02, 2017

Financials & KPIs

Akash Infra-Projects IPO P/E ratio is , as compared to Tanvi Foods IPO P/E ratio of .

 Akash Infra-Projects IPOTanvi Foods IPO
Financials

Company Financials (Restated Standalone)

Period Ended31 Aug 201631 Mar 201631 Mar 201531 Mar 2014
Assets76.5970.0282.3882.64
Total Income20.3874.6986.80141.74
Profit After Tax0.833.895.179.74
NET Worth51.2150.3947.0542.66
Reserves and Surplus44.8945.6442.3137.92
Total Borrowing13.179.3723.0420.08
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 201631 Mar 201631 Mar 201531 Mar 2014
Assets24.7322.4517.8910.75
Total Income28.5149.0934.3820.03
Profit After Tax0.541.010.870.21
NET Worth7.567.024.851.97
Reserves and Surplus4.113.582.101.22
Total Borrowing11.3910.9110.374.96
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)98.85%87.23%
Promoter Shareholding (Post-Issue)72.16%62.59%
Market Cap₹94.85 Cr.₹24.70 Cr.

Shares Offered

In the Akash Infra-Projects IPO Retail Individual Investors (RII) are offered 9,66,000 shares while in Tanvi Foods IPO retail investors are offered 9,66,000 shares. Qualified Institutional Buyers (QIB) are offered in Akash Infra-Projects IPO and 0 shares in Tanvi Foods IPO.

 Akash Infra-Projects IPOTanvi Foods IPO
Anchor Investor Reservation0 shares
Market Maker Reservation1,08,000 shares56,000 shares
QIB0 shares
NII9,66,000 shares5,22,000 shares
RII9,66,000 shares5,22,000 shares
Employee0 shares
Total19,32,000 shares10,44,000 shares

Bids Received (Subscription)

Akash Infra-Projects IPO subscribed 1.96x in total, whereas Tanvi Foods IPO subscribed 1.62x.

 Akash Infra-Projects IPOTanvi Foods IPO
NII (times)2.04x1.87x
RII (times)1.88x1.38x
Total (times)1.96x1.62x

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Compare:

Akash Infra-Projects IPO Vs Tanvi Foods IPO