Ashapura Logistics IPO vs Trom Industries IPO

Comparison between Ashapura Logistics IPO and Trom Industries IPO.

IPO Details

Ashapura Logistics IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Trom Industries IPO is a SME Bookbuilding proposed to list at NSE SME.

	Ashapura Logistics IPO	Trom Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt.Ltd.	Expert Global Consultants Pvt.Ltd.
Registrar	Kfin Technologies Ltd.	Kfin Technologies Ltd.
Market Maker	Spread X Securities Pvt.Ltd.	Sunflower Broking Pvt.Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ashapura Logistics IPO is up to ₹50.03 Cr whereas the issue size of the Trom Industries IPO is up to ₹29.79 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Trom Industries IPO is ₹115.00 per share.

	Ashapura Logistics IPO	Trom Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹136.00 per share	₹100.00 per share
Issue Price (Upper)	₹144.00 per share	₹115.00 per share
Issue Price (Final)	₹144.00 per share	₹115.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	34,74,000 shares	25,90,800 shares
Fresh Issue Size (Amount)	up to ₹50.03 Cr	up to ₹29.79 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	34,74,000 shares	25,90,800 shares
Issue Size Total (Amount)	up to ₹50.03 Cr	up to ₹29.79 Cr

IPO Timetable

Ashapura Logistics IPO opens on Jul 30, 2024, while Trom Industries IPO opens on Jul 25, 2024. The closing date of Ashapura Logistics IPO and Trom Industries IPO is Aug 01, 2024, and Jul 29, 2024, respectively.

	Ashapura Logistics IPO	Trom Industries IPO
Anchor Bid Date	Jul 29, 2024	Jul 24, 2024
Issue Open	Jul 30, 2024	Jul 25, 2024
Issue Close	Aug 01, 2024	Jul 29, 2024
Basis Of Allotment (Tentative)	Aug 02, 2024	Jul 30, 2024
Initiation of Refunds (Tentative)	Aug 05, 2024	Jul 31, 2024
Credit of Share (Tentative)	Aug 05, 2024	Jul 31, 2024
Listing date (Tentative)	Aug 06, 2024	Aug 01, 2024
Anchor Lockin End date 1	Sep 01, 2024	Aug 29, 2024
Anchor Lockin End date 2	Oct 31, 2024	Oct 28, 2024

Financials & KPIs

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Trom Industries IPO P/E ratio of 12.98.

Ashapura Logistics IPO

Trom Industries IPO

Financials

Ashapura Logistics Limited Financial Information (Restated Consolidated)

Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,644.88	10,461.66	11,568.76
Total Income	19,934.57	22,260.31	22,713.84
Profit After Tax	1,235.44	946.98	788.26
Net Worth	6,532.31	4,796.60	3,852.04
Reserves and Surplus	5,542.40	4,759.80	3,815.32
Total Borrowing	12.90	9.87	8.17
Amount in ₹ Lakhs

Trom Industries Limited Financial Information (Restated)

Trom Industries Limited's revenue increased by 125.98% and profit after tax (PAT) rose by 1885.2% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	2,919.93	2,155.35	1,854.32
Total Income	5,454.68	2,413.80	3,056.55
Profit After Tax	572.93	28.86	35.98
Net Worth	1,222.57	249.92	221.12
Reserves and Surplus	575.84	248.92	220.12
Total Borrowing	573.71	492.82	85.66
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.45

98.84

Promoter Shareholding (Post-Issue)

67.51

69.52

P/E Ratio

11.54

12.98

Market Cap

₹195.21 Cr.

₹105.74 Cr.

ROE

21.82%

77.82%

ROCE

20.69%

47.11%

Debt/Equity

0.63

0.47

EPS

₹12.48

₹8.86

RoNW

18.92%

77.82%

Shares Offered

In the Ashapura Logistics IPO Retail Individual Investors (RII) are offered 12,16,000 shares while in Trom Industries IPO retail investors are offered 12,16,000 shares. Qualified Institutional Buyers (QIB) are offered 6,96,000 shares in Ashapura Logistics IPO and 5,18,400 shares in Trom Industries IPO.

	Ashapura Logistics IPO	Trom Industries IPO
Anchor Investor Reserveration	10,40,000 shares	7,76,400 shares
Market Maker Reserveration	1,83,000 shares	1,36,800 shares
QIB	6,96,000 shares	5,18,400 shares
NII	5,22,000 shares	3,88,800 shares
RII	12,16,000 shares	9,07,200 shares
Employee
Others
Total	34,74,000 shares	25,90,800 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Trom Industries IPO subscribed 459.00x.

	Ashapura Logistics IPO	Trom Industries IPO
QIB (times)	128.23x	197.07x
NII (times)	289.33x	751.90x
Big NII (times)
Small NII (times)
RII (times)	174.21x	483.14x
Employee (times)
Other (times)
Total (times)	185.75x	459.00x

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