Aadhar Housing Finance IPO vs DEE Piping Systems IPO

Comparision between Aadhar Housing Finance IPO and DEE Piping Systems IPO.

IPO Details

Aadhar Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while DEE Piping Systems IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aadhar Housing Finance IPO	DEE Piping Systems IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	SBI Capital Markets Limited Equirus Capital Private Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
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 Aadhar Housing Finance IPO is up to ₹3,000.00 Cr whereas the issue size of the DEE Piping Systems IPO is up to ₹418.01 Cr. The final issue price of Aadhar Housing Finance IPO is ₹315.00 per share and of DEE Piping Systems IPO is ₹203.00 per share.

	Aadhar Housing Finance IPO	DEE Piping Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹300.00 per share	₹193.00 per share
Issue Price (Upper)	₹315.00 per share	₹203.00 per share
Issue Price (Final)	₹315.00 per share	₹203.00 per share
Discount (Retail)
Discount (Employee)	₹23.00 per share	₹19.00 per share
Market Lot Size	47 shares	73 shares
Fresh Issue Size	3,17,46,032 shares	1,60,09,852 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹325.00 Cr
OFS Issue Size	6,34,92,063 shares	45,82,000 shares
OFS Issue Size (Amount)	up to ₹2,000.00 Cr	up to ₹93.01 Cr
Issue Size Total	9,52,38,095 shares	2,05,91,852 shares
Issue Size Total (Amount)	up to ₹3,000.00 Cr	up to ₹418.01 Cr

IPO Timetable

Aadhar Housing Finance IPO opens on May 08, 2024, while DEE Piping Systems IPO opens on Jun 19, 2024. The closing date of Aadhar Housing Finance IPO and DEE Piping Systems IPO is May 10, 2024, and Jun 21, 2024, respectively.

	Aadhar Housing Finance IPO	DEE Piping Systems IPO
Anchor Bid Date	May 07, 2024	Jun 18, 2024
Issue Open	May 08, 2024	Jun 19, 2024
Issue Close	May 10, 2024	Jun 21, 2024
Basis Of Allotment (Tentative)	May 13, 2024	Jun 24, 2024
Initiation of Refunds (Tentative)	May 14, 2024	Jun 25, 2024
Credit of Share (Tentative)	May 14, 2024	Jun 25, 2024
Listing date (Tentative)	May 15, 2024	Jun 26, 2024
Anchor Lockin End date 1	Jun 12, 2024	Jul 24, 2024
Anchor Lockin End date 2	Aug 11, 2024	Sep 22, 2024

Financials

Aadhar Housing Finance IPO P/E ratio is 22.8, as compared to DEE Piping Systems IPO P/E ratio of 83.

Aadhar Housing Finance IPO

DEE Piping Systems IPO

Financial

Aadhar Housing Finance Limited Financial Information (Restated Consolidated)

Aadhar Housing Finance Limited's revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	18,035.57	16,617.87	14,375.81	13,630.33
Revenue	1,895.17	2,043.52	1,728.56	1,575.55
Profit After Tax	547.88	545.34	446.20	340.46
Net Worth	4,249.10	3,697.60	3,146.63	2,692.76
Total Borrowing	13,127.59	12,153.45	10,674.59	10,374.47
Amount in ₹ Crore

DEE Development Engineers Limited Financial Information (Restated Consolidated)

DEE Development Engineers Limited's revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,171.01	966.26	845.40	835.88
Revenue	557.86	614.32	470.84	513.03
Profit After Tax	14.34	12.97	8.20	14.21
Net Worth	428.19	413.70	401.37	448.50
Reserves and Surplus	380.23	408.17	395.85	432.81
Total Borrowing	407.14	352.62	285.36	257.17
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.72%

100.00%

Promoter Shareholding (Post-Issue)

76.48%

P/E Ratio

22.8

Market Cap

₹13434.78 Cr.

₹1401.69 Cr.

ROE

18.4%%

ROCE

3.91%%

Debt/Equity

3.1

0.85

EPS

₹13.81

₹2.45

RoNW

12.9%%

3.35%%

Shares Offered

In the Aadhar Housing Finance IPO retail investors (RII) are offered 3,32,55,556 shares while in DEE Piping Systems IPO retail investors are offered 3,32,55,556 shares. Qualified institutional buyers (QIB) are offered 1,90,03,176 shares in Aadhar Housing Finance IPO and 41,08,518 shares in DEE Piping Systems IPO.

	Aadhar Housing Finance IPO	DEE Piping Systems IPO
Anchor Investor Reserveration	2,85,04,761 shares	61,62,777 shares
Market Maker Reserveration
QIB	1,90,03,176 shares	41,08,518 shares
NII	1,42,52,381 shares	30,81,389 shares
RII	3,32,55,556 shares	71,89,907 shares
Employee	2,39,726 shares	0 shares
Others
Total	6,67,50,839 shares	1,43,79,814 shares

Bids Received (Subscription)

Aadhar Housing Finance IPO subscribed 26.76x in total, whereas DEE Piping Systems IPO subscribed 103.03x.

	Aadhar Housing Finance IPO	DEE Piping Systems IPO
QIB (times)	76.42x	206.54x
NII (times)	17.33x	149.38x
Big NII (times)	18.90x	165.71x
Small NII (times)	14.19x	116.73x
RII (times)	2.58x	23.66x
Employee (times)	6.88x
Other (times)
Total (times)	26.76x	103.03x

Compare with others

Aadhar Housing Finance IPO	DEE Piping Systems IPO
DEE Piping Systems IPO	Emcure Pharma IPO
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Awfis Space Solutions IPO	Aasaan Loans IPO
Go Digit IPO	Stanley Lifestyles IPO
TBO Tek IPO	ixigo IPO
Indegene IPO	Kronox Lab Sciences IPO
JNK India IPO	Awfis Space Solutions IPO
VI FPO	Go Digit IPO
Bharti Hexacom IPO	Aadhar Housing Finance IPO

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