Abha Power and Steel IPO vs Rajesh Power Services IPO

Comparision between Abha Power and Steel IPO and Rajesh Power Services IPO.

IPO Details

Abha Power and Steel IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Rajesh Power Services IPO is a SME Book Built Issue proposed to list at BSE SME.

	Abha Power and Steel IPO	Rajesh Power Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Horizon Management Private Limited	Isk Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Giriraj Stock Broking Private Limited	Sunflower Broking Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Abha Power and Steel IPO is up to ₹38.54 Cr whereas the issue size of the Rajesh Power Services IPO is up to ₹160.47 Cr. The final issue price of Abha Power and Steel IPO is ₹75.00 per share and of Rajesh Power Services IPO is .

	Abha Power and Steel IPO	Rajesh Power Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹319.00 per share
Issue Price (Upper)		₹335.00 per share
Issue Price (Final)	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	400 shares
Fresh Issue Size	41,39,200 shares	27,90,000 shares
Fresh Issue Size (Amount)	up to ₹31.04 Cr	up to ₹93.47 Cr
OFS Issue Size	10,00,000 shares	20,00,000 shares
OFS Issue Size (Amount)	up to ₹7.50 Cr	up to ₹67.00 Cr
Issue Size Total	51,39,200 shares	47,90,000 shares
Issue Size Total (Amount)	up to ₹38.54 Cr	up to ₹160.47 Cr

IPO Timetable

Abha Power and Steel IPO opens on Nov 27, 2024, while Rajesh Power Services IPO opens on Nov 25, 2024. The closing date of Abha Power and Steel IPO and Rajesh Power Services IPO is Nov 29, 2024, and Nov 27, 2024, respectively.

	Abha Power and Steel IPO	Rajesh Power Services IPO
Anchor Bid Date		Nov 22, 2024
Issue Open	Nov 27, 2024	Nov 25, 2024
Issue Close	Nov 29, 2024	Nov 27, 2024
Basis Of Allotment (Tentative)	Dec 02, 2024	Nov 28, 2024
Initiation of Refunds (Tentative)	Dec 03, 2024	Nov 29, 2024
Credit of Share (Tentative)	Dec 03, 2024	Nov 29, 2024
Listing date (Tentative)	Dec 04, 2024	Dec 02, 2024
Anchor Lockin End date 1		Dec 28, 2024
Anchor Lockin End date 2		Feb 26, 2025

Financials

Abha Power and Steel IPO P/E ratio is 28.65, as compared to Rajesh Power Services IPO P/E ratio of 19.59.

Abha Power and Steel IPO

Rajesh Power Services IPO

Financial

Abha Power and Steel Limited Financial Information (Restated)

Abha Power and Steel Limited's revenue decreased by -6% and profit after tax (PAT) rose by 170% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	15 Oct 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	5,135.61	4,735.9	4,476.89	3,536.87
Revenue	3,754.92	5,182.68	5,511.82	5,498.4
Profit After Tax	361.97	378.19	140.14	-71.53
Net Worth	2,115.63	1,753.66	1,375.47	1,120.07
Reserves and Surplus	670.76	308.8	893.85	678.47
Total Borrowing	2,177.34	2,373.22	2,393.34	1,765.62
Amount in ₹ Lakhs

Rajesh Power Services Limited Financial Information (Restated Standalone)

Rajesh Power Services Limited's revenue increased by 39.72% and profit after tax (PAT) rose by 285.44% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	33,822.42	24,039.00	19,823.38	17,562.82
Revenue	31,785.09	29,506.07	21,117.57	14,936.84
Profit After Tax	2,768.25	2,602.29	675.15	344.60
Net Worth	11,122.22	8,430.05	5,865.80	5,228.69
Reserves and Surplus	9,600.48	6,908.31	4,344.06	3,706.95
Total Borrowing	7,973.04	7,767.08	5,971.20	6,243.33
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

72.35%

73.40%

P/E Ratio

28.65

19.59

Market Cap

₹139.41 Cr.

₹603.25 Cr.

ROE

24.17%%

24.89%%

ROCE

23.64%%

25.61%%

Debt/Equity

1.35

0.92

EPS

₹2.62

₹17.10

RoNW

24.17%%

25.47%%

Shares Offered

In the Abha Power and Steel IPO retail investors (RII) are offered while in Rajesh Power Services IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Abha Power and Steel IPO and in Rajesh Power Services IPO.

	Abha Power and Steel IPO	Rajesh Power Services IPO
Anchor Investor Reserveration		13,36,400 shares
Market Maker Reserveration	2,62,400 shares	2,44,000 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Abha Power and Steel IPO subscribed in total, whereas Rajesh Power Services IPO subscribed .

	Abha Power and Steel IPO	Rajesh Power Services IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

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Abha Power and Steel IPO	Rajesh Power Services IPO
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Rajesh Power Services IPO	Rajputana Biodiesel IPO
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