Aasaan Loans IPO vs DEE Piping Systems IPO

Comparision between Aasaan Loans IPO and DEE Piping Systems IPO.

IPO Details

Aasaan Loans 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.

	Aasaan Loans 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	Gretex Corporate Services Limited	SBI Capital Markets Limited Equirus Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	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 Aasaan Loans IPO is up to ₹132.00 Cr whereas the issue size of the DEE Piping Systems IPO is up to ₹418.01 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of DEE Piping Systems IPO is ₹203.00 per share.

	Aasaan Loans IPO	DEE Piping Systems IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹193.00 per share
Issue Price (Upper)	₹120.00 per share	₹203.00 per share
Issue Price (Final)	₹120.00 per share	₹203.00 per share
Discount (Retail)
Discount (Employee)		₹19.00 per share
Market Lot Size	125 shares	73 shares
Fresh Issue Size	1,10,00,000 shares	1,60,09,852 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr	up to ₹325.00 Cr
OFS Issue Size		45,82,000 shares
OFS Issue Size (Amount)		up to ₹93.01 Cr
Issue Size Total	1,10,00,000 shares	2,05,91,852 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹418.01 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while DEE Piping Systems IPO opens on Jun 19, 2024. The closing date of Aasaan Loans IPO and DEE Piping Systems IPO is Jun 21, 2024, and Jun 21, 2024, respectively.

	Aasaan Loans IPO	DEE Piping Systems IPO
Anchor Bid Date	Jun 18, 2024	Jun 18, 2024
Issue Open	Jun 19, 2024	Jun 19, 2024
Issue Close	Jun 21, 2024	Jun 21, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 24, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 25, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 25, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 26, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 24, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 22, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to DEE Piping Systems IPO P/E ratio of 83.

Aasaan Loans IPO

DEE Piping Systems 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

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)

56.01%

100.00%

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

₹1401.69 Cr.

ROE

5.64%%

ROCE

3.91%%

Debt/Equity

2.49

0.85

EPS

₹3.87

₹2.45

RoNW

5.81%%

3.35%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in DEE Piping Systems IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 41,08,518 shares in DEE Piping Systems IPO.

	Aasaan Loans IPO	DEE Piping Systems IPO
Anchor Investor Reserveration	31,35,000 shares	61,62,777 shares
Market Maker Reserveration
QIB	20,90,000 shares	41,08,518 shares
NII	15,67,500 shares	30,81,389 shares
RII	36,57,500 shares	71,89,907 shares
Employee	5,50,000 shares	0 shares
Others
Total	78,65,000 shares	1,43,79,814 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas DEE Piping Systems IPO subscribed 103.03x.

	Aasaan Loans IPO	DEE Piping Systems IPO
QIB (times)	28.12x	206.54x
NII (times)	129.98x	149.38x
Big NII (times)	121.56x	165.71x
Small NII (times)	146.83x	116.73x
RII (times)	44.58x	23.66x
Employee (times)	5.42x
Other (times)
Total (times)	54.49x	103.03x

Compare with others

Aasaan Loans IPO	DEE Piping Systems IPO
Sanstar IPO	Emcure Pharma IPO
Bansal Wire IPO	OLA Electric IPO
Emcure Pharma IPO	Vraj Iron and Steel IPO
OLA Electric IPO	Aasaan Loans IPO
Vraj Iron and Steel IPO	Stanley Lifestyles IPO
Stanley Lifestyles IPO	ixigo IPO
DEE Piping Systems IPO	Kronox Lab Sciences IPO
ixigo IPO	Awfis Space Solutions IPO
Kronox Lab Sciences IPO	Go Digit IPO
Awfis Space Solutions IPO	Aadhar Housing Finance IPO

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