Aasaan Loans IPO vs ixigo IPO

Comparision between Aasaan Loans IPO and ixigo IPO.

IPO Details

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

	Aasaan Loans IPO	ixigo 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	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial 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

Issue Size and Price

The total issue size of Aasaan Loans IPO is up to ₹132.00 Cr whereas the issue size of the ixigo IPO is up to ₹740.10 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of ixigo IPO is ₹93.00 per share.

	Aasaan Loans IPO	ixigo IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹114.00 per share	₹88.00 per share
Issue Price (Upper)	₹120.00 per share	₹93.00 per share
Issue Price (Final)	₹120.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	161 shares
Fresh Issue Size	1,10,00,000 shares	1,29,03,226 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr	up to ₹120.00 Cr
OFS Issue Size		6,66,77,674 shares
OFS Issue Size (Amount)		up to ₹620.10 Cr
Issue Size Total	1,10,00,000 shares	7,95,80,900 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹740.10 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while ixigo IPO opens on Jun 10, 2024. The closing date of Aasaan Loans IPO and ixigo IPO is Jun 21, 2024, and Jun 12, 2024, respectively.

	Aasaan Loans IPO	ixigo IPO
Anchor Bid Date	Jun 18, 2024	Jun 07, 2024
Issue Open	Jun 19, 2024	Jun 10, 2024
Issue Close	Jun 21, 2024	Jun 12, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 13, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 14, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 14, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 18, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 13, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 11, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to ixigo IPO P/E ratio of 148.87.

Aasaan Loans IPO

ixigo 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

Le Travenues Technology Limited Financial Information (Restated Consolidated)

Le Travenues Technology Limited's revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% 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	678.71	585.93	538.47	185.07
Revenue	497.10	517.57	384.94	138.41
Profit After Tax	65.71	23.40	-21.09	7.53
Net Worth	437.13	373.76	342.69	29.94
Reserves and Surplus	399.83	334.17	303.22	-212.60
Total Borrowing	43.36	0.54	2.73	14.94
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.01%

Promoter Shareholding (Post-Issue)

P/E Ratio

148.87

Market Cap

₹3603.04 Cr.

ROE

5.64%%

ROCE

Debt/Equity

2.49

EPS

₹3.87

₹0.62

RoNW

5.81%%

15.26%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in ixigo IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 2,38,74,271 shares in ixigo IPO.

	Aasaan Loans IPO	ixigo IPO
Anchor Investor Reserveration	31,35,000 shares	3,58,11,405 shares
Market Maker Reserveration
QIB	20,90,000 shares	2,38,74,271 shares
NII	15,67,500 shares	1,19,37,134 shares
RII	36,57,500 shares	79,58,089 shares
Employee	5,50,000 shares	0 shares
Others
Total	78,65,000 shares	4,37,69,494 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas ixigo IPO subscribed 98.10x.

	Aasaan Loans IPO	ixigo IPO
QIB (times)	28.12x	106.73x
NII (times)	129.98x	110.25x
Big NII (times)	121.56x	117.40x
Small NII (times)	146.83x	95.95x
RII (times)	44.58x	53.95x
Employee (times)	5.42x
Other (times)
Total (times)	54.49x	98.10x

Compare with others

Aasaan Loans IPO	ixigo IPO
Bansal Wire IPO	OLA Electric
Emcure Pharma IPO	Vraj Iron and Steel IPO
OLA Electric	Aasaan Loans IPO
Vraj Iron and Steel IPO	Stanley Lifestyles IPO
Stanley Lifestyles IPO	DEE Piping Systems 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
	TBO Tek IPO

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