Ashoka Metcast IPO vs Vasa Retail IPO

Comparison between Ashoka Metcast IPO and Vasa Retail IPO.

IPO Details

Ashoka Metcast IPO is a SME Fixed Price IPO proposed to list at BSE SME while Vasa Retail IPO is a SME Fixed Price proposed to list at NSE SME.

Issue Size and Price

The total issue size of Ashoka Metcast IPO is up to ₹11.38 Cr whereas the issue size of the Vasa Retail IPO is up to ₹4.54 Cr. The final issue price of Ashoka Metcast IPO is ₹20.00 per share and of Vasa Retail IPO is ₹30.00 per share.

 Ashoka Metcast IPOVasa Retail IPO
Face Value₹10 per share₹10 per share
Issue Price (Final)₹20.00 per share₹30.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size6000 shares4000 shares
Fresh Issue Size56,88,000 shares15,12,000 shares
Fresh Issue Size (Amount)up to ₹11.38 Crup to ₹4.54 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total56,88,000 shares15,12,000 shares
Issue Size Total (Amount)up to ₹11.38 Crup to ₹4.54 Cr

IPO Timetable

Ashoka Metcast IPO opens on Jan 23, 2018, while Vasa Retail IPO opens on Jan 24, 2018. The closing date of Ashoka Metcast IPO and Vasa Retail IPO is Jan 25, 2018, and Jan 29, 2018, respectively.

 Ashoka Metcast IPOVasa Retail IPO
Issue OpenJan 23, 2018Jan 24, 2018
Issue CloseJan 25, 2018Jan 29, 2018
Basis Of Allotment (Tentative)Jan 31, 2018Feb 02, 2018
Listing date (Tentative)Feb 05, 2018Feb 06, 2018

Financials & KPIs

Ashoka Metcast IPO P/E ratio is , as compared to Vasa Retail IPO P/E ratio of .

 Ashoka Metcast IPOVasa Retail IPO
Financials

Company Financials (Restated)

Period Ended15 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets16.5910.5818.281.28
Total Income6.520.100.000.01
Profit After Tax0.050.010.000.01
NET Worth9.320.010.000.00
Reserves and Surplus4.760.00-0.01-0.01
Total Borrowing5.050.101.28
Amount in ₹ Crore

Company Financials (Restated)

Period Ended20 Oct 201731 Mar 201731 Mar 201631 Mar 2015
Assets24.6114.2712.898.44
Total Income17.9223.8521.8618.82
Profit After Tax0.860.92-0.15-0.11
NET Worth3.732.051.341.02
Total Borrowing8.585.444.913.93
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.00%95.45%
Promoter Shareholding (Post-Issue)43.98%69.96%
Market Cap₹21.42 Cr.₹17.98 Cr.

Shares Offered

In the Ashoka Metcast IPO Retail Individual Investors (RII) are offered 28,44,000 shares while in Vasa Retail IPO retail investors are offered 28,44,000 shares. Qualified Institutional Buyers (QIB) are offered 0 shares in Ashoka Metcast IPO and 0 shares in Vasa Retail IPO.

 Ashoka Metcast IPOVasa Retail IPO
Anchor Investor Reservation0 shares0 shares
Market Maker Reservation3,12,000 shares88,000 shares
QIB0 shares0 shares
NII28,44,000 shares7,56,000 shares
RII28,44,000 shares7,56,000 shares
Employee0 shares0 shares
Total56,88,000 shares15,12,000 shares

Bids Received (Subscription)

Ashoka Metcast IPO subscribed 1.57x in total, whereas Vasa Retail IPO subscribed 217.70x.

 Ashoka Metcast IPOVasa Retail IPO
NII (times)0.51x175.44x
RII (times)2.63x259.96x
Total (times)1.57x217.70x

Compare with others

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Ashoka Metcast IPO Vs Vasa Retail IPO