Accuracy Shipping IPO vs Waa Solar IPO

Comparison between Accuracy Shipping IPO and Waa Solar IPO.

IPO Details

Accuracy Shipping IPO is a SME Fixed Price IPO proposed to list at NSE SME while Waa Solar IPO is a SME Fixed Price proposed to list at BSE SME.

Issue Size and Price

The total issue size of Accuracy Shipping IPO is up to ₹33.94 Cr whereas the issue size of the Waa Solar IPO is up to ₹30.53 Cr. The final issue price of Accuracy Shipping IPO is ₹84.00 per share and of Waa Solar IPO is ₹161.00 per share.

 Accuracy Shipping IPOWaa Solar IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹81.00 per share
Issue Price (Upper)₹84.00 per share
Issue Price (Final)₹84.00 per share₹161.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Market Lot Size1600 shares800 shares
Fresh Issue Size40,40,000 shares16,46,000 shares
Fresh Issue Size (Amount)up to ₹33.94 Crup to ₹26.50 Cr
OFS Issue Size0 shares2,50,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹4.03 Cr
Issue Size Total40,40,000 shares18,96,000 shares
Issue Size Total (Amount)up to ₹33.94 Crup to ₹30.53 Cr

IPO Timetable

Accuracy Shipping IPO opens on Jun 11, 2018, while Waa Solar IPO opens on May 31, 2018. The closing date of Accuracy Shipping IPO and Waa Solar IPO is Jun 14, 2018, and Jun 04, 2018, respectively.

 Accuracy Shipping IPOWaa Solar IPO
Anchor Bid DateJun 08, 2018
Issue OpenJun 11, 2018May 31, 2018
Issue CloseJun 14, 2018Jun 04, 2018
Basis Of Allotment (Tentative)Jun 19, 2018Jun 07, 2018
Initiation of Refunds (Tentative)Jun 20, 2018
Credit of Share (Tentative)Jun 21, 2018
Listing date (Tentative)Jun 22, 2018Jun 12, 2018
Anchor Lockin End date 1Jul 19, 2018

Financials & KPIs

Accuracy Shipping IPO P/E ratio is , as compared to Waa Solar IPO P/E ratio of .

 Accuracy Shipping IPOWaa Solar IPO
Financials

Company Financials (Restated)

Period Ended31 Dec 201731 Mar 201731 Mar 201631 Mar 2015
Assets88.3758.2543.9427.84
Total Income266.53201.29170.79161.66
Profit After Tax6.821.961.070.32
NET Worth21.2813.355.392.27
Reserves and Surplus11.164.352.391.32
Total Borrowing38.9718.0918.547.95
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Nov 201731 Mar 201731 Mar 201631 Mar 2015
Assets214.07200.19198.07218.82
Total Income16.2326.0746.9054.26
Profit After Tax1.624.286.3411.53
NET Worth115.48113.86109.5981.64
Reserves and Surplus115.21113.59109.3281.45
Total Borrowing89.0478.1377.24111.18
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)86.30%100%
Promoter Shareholding (Post-Issue)61.90%69.85%
Market Cap₹126.47 Cr.₹106.80 Cr.

Shares Offered

In the Accuracy Shipping IPO Retail Individual Investors (RII) are offered 14,14,400 shares while in Waa Solar IPO retail investors are offered 14,14,400 shares. Qualified Institutional Buyers (QIB) are offered 8,28,800 shares in Accuracy Shipping IPO and 0 shares in Waa Solar IPO.

 Accuracy Shipping IPOWaa Solar IPO
Anchor Investor Reservation11,90,400 shares0 shares
Market Maker Reservation2,17,600 shares1,04,000 shares
QIB8,28,800 shares0 shares
NII6,06,400 shares9,48,000 shares
RII14,14,400 shares9,48,000 shares
Employee0 shares0 shares
Total40,40,000 shares18,96,000 shares

Bids Received (Subscription)

Accuracy Shipping IPO subscribed 1.06x in total, whereas Waa Solar IPO subscribed 1.60x.

 Accuracy Shipping IPOWaa Solar IPO
QIB (times)0.97x
NII (times)2.33x0.74x
RII (times)1.45x2.46x
Total (times)1.06x1.60x

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