Alpex Solar IPO vs Wise Travel IPO

Comparison between Alpex Solar IPO and Wise Travel IPO.

IPO Details

Alpex Solar IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Wise Travel IPO is a SME Bookbuilding proposed to list at NSE SME.

	Alpex Solar IPO	Wise Travel IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Bookbuilding	Bookbuilding
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt.Ltd.	Share India Capital Services Pvt.Ltd.
Registrar	Skyline Financial Services Pvt.Ltd.	Beetal Financial & Computer Services Pvt.Ltd.
Market Maker	SS Corporate Securities Ltd.	Share India Securities 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 Alpex Solar IPO is up to ₹70.79 Cr whereas the issue size of the Wise Travel IPO is up to ₹88.24 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Wise Travel IPO is ₹147.00 per share.

	Alpex Solar IPO	Wise Travel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹109.00 per share	₹140.00 per share
Issue Price (Upper)	₹115.00 per share	₹147.00 per share
Issue Price (Final)	₹115.00 per share	₹147.00 per share
Discount (Retail)	₹0.00 per share	₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	1200 shares	1000 shares
Fresh Issue Size	61,56,000 shares	60,03,000 shares
Fresh Issue Size (Amount)	up to ₹70.79 Cr	up to ₹88.24 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	61,56,000 shares	60,03,000 shares
Issue Size Total (Amount)	up to ₹70.79 Cr	up to ₹88.24 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Wise Travel IPO opens on Feb 12, 2024. The closing date of Alpex Solar IPO and Wise Travel IPO is Feb 12, 2024, and Feb 14, 2024, respectively.

	Alpex Solar IPO	Wise Travel IPO
Anchor Bid Date	Feb 07, 2024	Feb 09, 2024
Issue Open	Feb 08, 2024	Feb 12, 2024
Issue Close	Feb 12, 2024	Feb 14, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Feb 15, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 16, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 16, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 19, 2024
Anchor Lockin End date 1	Mar 14, 2024	Mar 16, 2024
Anchor Lockin End date 2	May 13, 2024	May 15, 2024

Financials & KPIs

Alpex Solar IPO P/E ratio is 54.66, as compared to Wise Travel IPO P/E ratio of 24.81.

Alpex Solar IPO

Wise Travel IPO

Financials

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,188.46	12,559.64	10,003.75	9,935.35
Total Income	21,310.72	19,592.07	16,853.62	14,972.96
Profit After Tax	760.58	378.58	19.42	315.23
Net Worth	4,906.86	4,146.29	3,767.70	3,748.28
Reserves and Surplus	4,307.08	3,546.51	3,167.92	3,148.50
Total Borrowing	4,175.15	4,735.73	2,669.98	2,992.68
Amount in ₹ Lakhs

Wise Travel India Limited Financial Information (Restated)

Wise Travel India Limited's revenue increased by 178.67% and profit after tax (PAT) rose by 172.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	13,427.82	12,161.21	6,002.64	5,271.17
Total Income	19,016.53	24,997.04	8,970.00	4,405.51
Profit After Tax	1,132.91	1,029.36	377.74	172.85
Net Worth	5,194.36	4,061.45	2,832.10	2,454.36
Reserves and Surplus	3,457.28	3,745.62	2,537.10	2,159.36
Total Borrowing	1,627.55	1,674.50	216.32	56.59
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.53

95.63

Promoter Shareholding (Post-Issue)

68.76

69.76

P/E Ratio

54.66

24.81

Market Cap

₹281.44 Cr.

₹350.03 Cr.

ROE

9.55%

29.79%

ROCE

18.81%

22.90%

Debt/Equity

1.14

0.65

EPS

₹2.10

₹5.91

RoNW

9.55%

25.28%

Shares Offered

In the Alpex Solar IPO Retail Individual Investors (RII) are offered 21,55,200 shares while in Wise Travel IPO retail investors are offered 21,55,200 shares. Qualified Institutional Buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and 11,91,000 shares in Wise Travel IPO.

	Alpex Solar IPO	Wise Travel IPO
Anchor Investor Reserveration	18,45,600 shares	17,85,000 shares
Market Maker Reserveration	3,24,000 shares	4,38,000 shares
QIB	12,31,200 shares	11,91,000 shares
NII	9,24,000 shares	8,94,000 shares
RII	21,55,200 shares	20,84,000 shares
Employee		49,000 shares
Others
Total	61,56,000 shares	60,03,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Wise Travel IPO subscribed 163.46x.

	Alpex Solar IPO	Wise Travel IPO
QIB (times)	141.48x	106.69x
NII (times)	502.31x	375.56x
Big NII (times)
Small NII (times)
RII (times)	351.89x	108.76x
Employee (times)
Other (times)
Total (times)	324.03x	163.46x

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