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Aartech Solonics IPO vs Surani Steel IPO

Comparision between Aartech Solonics IPO and Surani Steel IPO.

IPO Details

Aartech Solonics IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Surani Steel IPO is a SME Book Built Issue proposed to list at NSE SME.

  Aartech Solonics IPO Surani Steel IPO
Logo Aartech Solonics IPO Logo Surani Steel IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At BSE SME NSE SME
Lead Managers Swastika Investmart Ltd Pantomath Capital Advisors Pvt Ltd
Registrar Bigshare Services Pvt Ltd Link Intime India Private Ltd
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Aartech Solonics IPO is up to ₹7.21 Cr whereas the issue size of the Surani Steel IPO is up to ₹12.92 Cr. The final issue price of Aartech Solonics IPO is ₹34.00 per share and of Surani Steel IPO is ₹52.00 per share.

  Aartech Solonics IPO Surani Steel IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹51.00 per share
Issue Price (Upper) ₹52.00 per share
Issue Price (Final) ₹34.00 per share ₹52.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 4000 shares 2000 shares
Fresh Issue Size 24,84,000 shares
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 21,20,000 shares 24,84,000 shares
Issue Size Total (Amount) up to ₹7.21 Cr up to ₹12.92 Cr

IPO Timetable

Aartech Solonics IPO opens on Mar 12, 2019, while Surani Steel IPO opens on Jan 25, 2019. The closing date of Aartech Solonics IPO and Surani Steel IPO is Mar 18, 2019, and Jan 29, 2019, respectively.

  Aartech Solonics IPO Surani Steel IPO
Anchor Bid Date
Issue Open Mar 12, 2019 Jan 25, 2019
Issue Close Mar 18, 2019 Jan 29, 2019
Basis Of Allotment (Tentative) Mar 22, 2019
Initiation of Refunds (Tentative) Mar 25, 2019
Credit of Share (Tentative) Mar 25, 2019
Listing date (Tentative) Mar 27, 2019
Anchor Lockin End date 1 Apr 21, 2019
Anchor Lockin End date 2 Jun 20, 2019

Financials

Aartech Solonics IPO P/E ratio is , as compared to Surani Steel IPO P/E ratio of .

  Aartech Solonics IPO Surani Steel IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
30-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 1,941.52 1,938.08 1,945.78 1,872.11 1,922.00 1,804.34
Total Revenue 416.69 1,208.50 1,342.05 1,025.84 994.35 953.79
Profit After Tax 60.09 117.58 30.09 22.81 112.62 (70.41)
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Lakhs)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 3,528.36 2,836.35 2,298.30 1,594.83 1,541.34
Total Revenue 10,079.72 7,670.08 6,845.89 5,814.16 3,599.92
Profit After Tax 172.44 99.90 109.60 16.25 (2.99)
Promoter Shareholding (Pre-Issue) 74.85% 20,95,000 Shares (36.12%)
Promoter Shareholding (Post-Issue) 52.38%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Aartech Solonics IPO retail investors (RII) are offered 10,04,000 shares while in Surani Steel IPO retail investors are offered 10,04,000 shares. Qualified institutional buyers (QIB) are offered in Aartech Solonics IPO and in Surani Steel IPO.

  Aartech Solonics IPO Surani Steel IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,12,000 shares 1,26,000 shares
QIB
NII 10,04,000 shares 12,42,000 shares
RII 10,04,000 shares 12,42,000 shares
Employee
Others
Total 20,08,000 shares 23,58,000 shares

Bids Received (Subscription)

Aartech Solonics IPO subscribed 2.00x in total, whereas Surani Steel IPO subscribed 1.55x.

  Aartech Solonics IPO Surani Steel IPO
QIB (times)
NII (times) 2.35x 1.70x
Big NII (times)
Small NII (times)
RII (times) 1.64x 1.23x
Employee (times)
Other (times)
Total (times) 2.00x 1.55x

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