Aasaan Loans IPO vs Kronox Lab Sciences IPO

Comparision between Aasaan Loans IPO and Kronox Lab Sciences IPO.

IPO Details

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

	Aasaan Loans IPO	Kronox Lab Sciences 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	Pantomath Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Kronox Lab Sciences IPO is up to ₹130.15 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of Kronox Lab Sciences IPO is ₹136.00 per share.

	Aasaan Loans IPO	Kronox Lab Sciences IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹114.00 per share	₹129.00 per share
Issue Price (Upper)	₹120.00 per share	₹136.00 per share
Issue Price (Final)	₹120.00 per share	₹136.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	110 shares
Fresh Issue Size	1,10,00,000 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr
OFS Issue Size		95,70,000 shares
OFS Issue Size (Amount)		up to ₹130.15 Cr
Issue Size Total	1,10,00,000 shares	95,70,000 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹130.15 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while Kronox Lab Sciences IPO opens on Jun 03, 2024. The closing date of Aasaan Loans IPO and Kronox Lab Sciences IPO is Jun 21, 2024, and Jun 05, 2024, respectively.

	Aasaan Loans IPO	Kronox Lab Sciences IPO
Anchor Bid Date	Jun 18, 2024	May 31, 2024
Issue Open	Jun 19, 2024	Jun 03, 2024
Issue Close	Jun 21, 2024	Jun 05, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 06, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 07, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 07, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 10, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 06, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 04, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to Kronox Lab Sciences IPO P/E ratio of 30.37.

Aasaan Loans IPO

Kronox Lab Sciences 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

Kronox Lab Sciences Limited Financial Information (Restated)

Kronox Lab Sciences Limited's revenue increased by 16.99% and profit after tax (PAT) rose by 21.94% 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	66.96	54.03	56.79	37.65
Revenue	68.44	97.50	83.34	63.24
Profit After Tax	15.47	16.62	13.63	9.73
Net Worth	60.28	44.68	40.35	26.81
Reserves and Surplus	15.56	7.58	40.11	26.57
Total Borrowing			0.64	0.01
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.01%

99.98%

Promoter Shareholding (Post-Issue)

74.21%

P/E Ratio

30.37

Market Cap

₹504.61 Cr.

ROE

5.64%%

25.66%%

ROCE

33.15%%

Debt/Equity

2.49

EPS

₹3.87

₹4.48

RoNW

5.81%%

25.66%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in Kronox Lab Sciences IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 19,14,000 shares in Kronox Lab Sciences IPO.

	Aasaan Loans IPO	Kronox Lab Sciences IPO
Anchor Investor Reserveration	31,35,000 shares	28,71,000 shares
Market Maker Reserveration
QIB	20,90,000 shares	19,14,000 shares
NII	15,67,500 shares	14,35,500 shares
RII	36,57,500 shares	33,49,500 shares
Employee	5,50,000 shares	0 shares
Others
Total	78,65,000 shares	66,99,000 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas Kronox Lab Sciences IPO subscribed 117.25x.

	Aasaan Loans IPO	Kronox Lab Sciences IPO
QIB (times)	28.12x	89.03x
NII (times)	129.98x	301.92x
Big NII (times)	121.56x	322.26x
Small NII (times)	146.83x	261.22x
RII (times)	44.58x	54.24x
Employee (times)	5.42x
Other (times)
Total (times)	54.49x	117.25x

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