Aasaan Loans IPO vs Awfis Space Solutions IPO

Comparision between Aasaan Loans IPO and Awfis Space Solutions IPO.

IPO Details

Aasaan Loans IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Awfis Space Solutions IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aasaan Loans IPO	Awfis Space Solutions 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	Gretex Corporate Services Limited	ICICI Securities Limited Axis Capital Limited Iifl Securities Ltd Emkay Global Financial Services Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt 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 Aasaan Loans IPO is up to ₹132.00 Cr whereas the issue size of the Awfis Space Solutions IPO is up to ₹598.93 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of Awfis Space Solutions IPO is ₹383.00 per share.

	Aasaan Loans IPO	Awfis Space Solutions IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹364.00 per share
Issue Price (Upper)	₹120.00 per share	₹383.00 per share
Issue Price (Final)	₹120.00 per share	₹383.00 per share
Discount (Retail)
Discount (Employee)		₹36.00 per share
Market Lot Size	125 shares	39 shares
Fresh Issue Size	1,10,00,000 shares	33,42,037 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr	up to ₹128.00 Cr
OFS Issue Size		1,22,95,699 shares
OFS Issue Size (Amount)		up to ₹470.93 Cr
Issue Size Total	1,10,00,000 shares	1,56,37,736 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹598.93 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while Awfis Space Solutions IPO opens on May 22, 2024. The closing date of Aasaan Loans IPO and Awfis Space Solutions IPO is Jun 21, 2024, and May 27, 2024, respectively.

	Aasaan Loans IPO	Awfis Space Solutions IPO
Anchor Bid Date	Jun 18, 2024	May 21, 2024
Issue Open	Jun 19, 2024	May 22, 2024
Issue Close	Jun 21, 2024	May 27, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	May 28, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	May 29, 2024
Credit of Share (Tentative)	Jun 25, 2024	May 29, 2024
Listing date (Tentative)	Jun 26, 2024	May 30, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jun 27, 2024
Anchor Lockin End date 2	Sep 22, 2024	Aug 26, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to Awfis Space Solutions IPO P/E ratio of .

Aasaan Loans IPO

Awfis Space Solutions IPO

Financial

Akme Fintrade India Ltd Financial Information (Restated)

Akme Fintrade India Ltd's revenue increased by 3.06% and profit after tax (PAT) rose by 283.5% 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	417.96	390.50	374.01	455.40
Revenue	53.45	69.57	67.50	86.79
Profit After Tax	12.25	15.80	4.12	16.31
Net Worth	217.01	204.78	136.84	130.26
Reserves and Surplus	185.34	173.11	115.03	108.45
Total Borrowing	195.19	177.76	230.06	317.82
Amount in ₹ Crore

Awfis Space Solutions Limited Financial Information (Restated Consolidated)

Awfis Space Solutions Limited's revenue increased by 103% and profit after tax (PAT) rose by 18.4% 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	1,352.25	930.61	559.69	508.58
Revenue	633.69	565.79	278.72	216.02
Profit After Tax	-18.94	-46.64	-57.16	-42.64
Net Worth	247.19	169.36	94.72	150.75
Reserves and Surplus	-265.56	-204.30	-223.37	-167.12
Total Borrowing	23.72	10.92	12.11	2.97
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.01%

41.05%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

₹2658.70 Cr.

ROE

5.64%%

ROCE

37.43%%

Debt/Equity

2.49

0.1

EPS

₹3.87

RoNW

5.81%%

-7.66%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in Awfis Space Solutions IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 46,75,656 shares in Awfis Space Solutions IPO.

	Aasaan Loans IPO	Awfis Space Solutions IPO
Anchor Investor Reserveration	31,35,000 shares	70,13,483 shares
Market Maker Reserveration
QIB	20,90,000 shares	46,75,656 shares
NII	15,67,500 shares	23,37,827 shares
RII	36,57,500 shares	15,58,551 shares
Employee	5,50,000 shares	57,636 shares
Others
Total	78,65,000 shares	86,29,670 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas Awfis Space Solutions IPO subscribed 108.17x.

	Aasaan Loans IPO	Awfis Space Solutions IPO
QIB (times)	28.12x	116.95x
NII (times)	129.98x	129.27x
Big NII (times)	121.56x	138.15x
Small NII (times)	146.83x	111.53x
RII (times)	44.58x	53.23x
Employee (times)	5.42x	24.68x
Other (times)
Total (times)	54.49x	108.17x

Compare with others

Aasaan Loans IPO	Awfis Space Solutions IPO
Sanstar IPO	Aasaan Loans IPO
Bansal Wire IPO	Stanley Lifestyles IPO
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Stanley Lifestyles IPO	Go Digit IPO
DEE Piping Systems IPO	Aadhar Housing Finance IPO
ixigo IPO	TBO Tek IPO
Kronox Lab Sciences IPO	Indegene IPO
Awfis Space Solutions IPO	JNK India IPO

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