Droneacharya Aerial IPO vs Uma Converter IPO

Comparison between Droneacharya Aerial IPO and Uma Converter IPO.

IPO Details

Droneacharya Aerial IPO is a SME Fixed Price IPO proposed to list at BSE SME while Uma Converter IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Droneacharya Aerial IPO is up to ₹32.26 Cr whereas the issue size of the Uma Converter IPO is up to ₹17.42 Cr. The final issue price of Droneacharya Aerial IPO is ₹54.00 per share and of Uma Converter IPO is ₹33.00 per share.

 Droneacharya Aerial IPOUma Converter IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹52.00 per share
Issue Price (Upper)₹54.00 per share
Issue Price (Final)₹54.00 per share₹33.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares4000 shares
Fresh Issue Size59,74,000 shares52,80,000 shares
Fresh Issue Size (Amount)up to ₹32.26 Crup to ₹17.42 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total59,74,000 shares52,80,000 shares
Issue Size Total (Amount)up to ₹32.26 Crup to ₹17.42 Cr

IPO Timetable

Droneacharya Aerial IPO opens on Dec 13, 2022, while Uma Converter IPO opens on Dec 15, 2022. The closing date of Droneacharya Aerial IPO and Uma Converter IPO is Dec 15, 2022, and Dec 21, 2022, respectively.

 Droneacharya Aerial IPOUma Converter IPO
Anchor Bid DateDec 12, 2022
Issue OpenDec 13, 2022Dec 15, 2022
Issue CloseDec 15, 2022Dec 21, 2022
Basis Of Allotment (Tentative)Dec 20, 2022Dec 26, 2022
Initiation of Refunds (Tentative)Dec 21, 2022Dec 27, 2022
Credit of Share (Tentative)Dec 22, 2022Dec 28, 2022
Listing date (Tentative)Dec 23, 2022Dec 29, 2022
Anchor Lockin End date 1Jan 19, 2023
Anchor Lockin End date 2Mar 20, 2023

Financials & KPIs

Droneacharya Aerial IPO P/E ratio is 45, as compared to Uma Converter IPO P/E ratio of 10.31.

 Droneacharya Aerial IPOUma Converter IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 2020
Assets34.0315.471.190.03
Total Income3.093.590.010.00
Profit After Tax0.720.41-0.15-0.02
NET Worth33.5814.481.040.01
Reserves and Surplus0.000.000.000.00
Total Borrowing0.010.460.010.01
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets164.52151.41139.36112.96
Total Income92.10187.21159.11103.98
Profit After Tax3.244.954.452.82
NET Worth51.3848.1343.1438.64
Reserves and Surplus0.000.000.00
Total Borrowing78.5674.3165.4353.85
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)38.2395.00
Promoter Shareholding (Post-Issue)28.2168.86
P/E Ratio4510.31
Market Cap₹129.54 Cr.₹66.91 Cr.
ROE2.71
ROCE9.42
Debt/Equity1.54
EPS₹0.35₹3.37
RoNW2.810.28

Shares Offered

In the Droneacharya Aerial IPO Retail Individual Investors (RII) are offered 20,92,000 shares while in Uma Converter IPO retail investors are offered 20,92,000 shares. Qualified Institutional Buyers (QIB) are offered 11,94,000 shares in Droneacharya Aerial IPO and in Uma Converter IPO.

 Droneacharya Aerial IPOUma Converter IPO
Anchor Investor Reservation17,90,000 shares
Market Maker Reservation3,16,000 shares3,00,000 shares
QIB11,94,000 shares
NII8,98,000 shares26,40,000 shares
RII20,92,000 shares26,40,000 shares
Employee
Others
Total59,74,000 shares52,80,000 shares

Bids Received (Subscription)

Droneacharya Aerial IPO subscribed 243.70x in total, whereas Uma Converter IPO subscribed 16.66x.

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