ABS Marine Services IPO vs Faalcon Concepts IPO

Comparision between ABS Marine Services IPO and Faalcon Concepts IPO.

IPO Details

ABS Marine Services IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Faalcon Concepts IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	ABS Marine Services IPO	Faalcon Concepts IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	GYR Capital Advisors Private Limited	Navigant Corporate Advisors Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Beetal Financial & Computer Services (P) Limited
Market Maker	Giriraj Stock Broking Private Limited	Alacrity Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ABS Marine Services IPO is up to ₹96.29 Cr whereas the issue size of the Faalcon Concepts IPO is up to ₹12.09 Cr. The final issue price of ABS Marine Services IPO is ₹147.00 per share and of Faalcon Concepts IPO is ₹62.00 per share.

	ABS Marine Services IPO	Faalcon Concepts IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹140.00 per share
Issue Price (Upper)	₹147.00 per share
Issue Price (Final)	₹147.00 per share	₹62.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	2000 shares
Fresh Issue Size	65,50,000 shares	19,50,000 shares
Fresh Issue Size (Amount)	up to ₹96.29 Cr	up to ₹12.09 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	19,50,000 shares
Issue Size Total (Amount)	up to ₹96.29 Cr	up to ₹12.09 Cr

IPO Timetable

ABS Marine Services IPO opens on May 10, 2024, while Faalcon Concepts IPO opens on Apr 19, 2024. The closing date of ABS Marine Services IPO and Faalcon Concepts IPO is May 15, 2024, and Apr 23, 2024, respectively.

	ABS Marine Services IPO	Faalcon Concepts IPO
Anchor Bid Date	May 09, 2024
Issue Open	May 10, 2024	Apr 19, 2024
Issue Close	May 15, 2024	Apr 23, 2024
Basis Of Allotment (Tentative)	May 16, 2024	Apr 24, 2024
Initiation of Refunds (Tentative)	May 17, 2024	Apr 25, 2024
Credit of Share (Tentative)	May 17, 2024	Apr 25, 2024
Listing date (Tentative)	May 21, 2024	Apr 26, 2024
Anchor Lockin End date 1	Jun 15, 2024
Anchor Lockin End date 2	Aug 14, 2024

Financials

ABS Marine Services IPO P/E ratio is 11.23, as compared to Faalcon Concepts IPO P/E ratio of 16.85.

ABS Marine Services IPO

Faalcon Concepts IPO

Financial

ABS Marine Services Limited Financial Information (Restated Consolidated)

ABS Marine Services Limited's revenue increased by 21.27% and profit after tax (PAT) rose by 147.22% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	18,480.99	17,552.50	16,663.28
Revenue	13,801.89	11,380.78	8,283.98
Profit After Tax	2,355.41	952.74	809.43
Net Worth	11,717.39	9,352.42	8,370.01
Reserves and Surplus	9,917.39	9,351.42	8,369.01
Total Borrowing	4,567.96	4,866.29	6,114.77
Amount in ₹ Lakhs

Faalcon Concepts Limited Financial Information (Restated)

Faalcon Concepts Limited's revenue decreased by -28.5% and profit after tax (PAT) rose by 83.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Oct 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,417.67	1,292.64	916.77	553.85
Revenue	1,249.11	1,324.81	1,852.93	502.21
Profit After Tax	131.82	179.52	97.79	12.34
Net Worth	631.39	327.53	129.02	22.23
Reserves and Surplus	143.37	325.26	127.61	21.23
Total Borrowing	366.04	190.58	67.10	48.30
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

86.50%

91.76%

Promoter Shareholding (Post-Issue)

63.42%

65.56%

P/E Ratio

11.23

16.85

Market Cap

₹360.88 Cr.

₹42.35 Cr.

ROE

27.49%%

ROCE

18.67%%

26.18%%

Debt/Equity

0.39

0.58

EPS

₹13.09

₹3.68

RoNW

20.10%%

20.88%%

Shares Offered

In the ABS Marine Services IPO retail investors (RII) are offered 21,49,000 shares while in Faalcon Concepts IPO retail investors are offered 21,49,000 shares. Qualified institutional buyers (QIB) are offered 12,28,000 shares in ABS Marine Services IPO and 0 shares in Faalcon Concepts IPO.

	ABS Marine Services IPO	Faalcon Concepts IPO
Anchor Investor Reserveration	18,41,000 shares
Market Maker Reserveration	4,10,000 shares	98,000 shares
QIB	12,28,000 shares	0 shares
NII	9,22,000 shares	9,26,000 shares
RII	21,49,000 shares	9,26,000 shares
Employee	0 shares	0 shares
Others
Total	42,99,000 shares	18,52,000 shares

Bids Received (Subscription)

ABS Marine Services IPO subscribed 144.44x in total, whereas Faalcon Concepts IPO subscribed 71.28x.

	ABS Marine Services IPO	Faalcon Concepts IPO
QIB (times)	109.30x
NII (times)	270.94x	93.27x
Big NII (times)
Small NII (times)
RII (times)	110.24x	47.17x
Employee (times)
Other (times)
Total (times)	144.44x	71.28x

Compare with others

ABS Marine Services IPO	Faalcon Concepts IPO
Slone Infosystems IPO	Storage Technologies Racks and Rollers IPO
Sai Swami Metals and Alloys IPO	Mandeep Auto Industries IPO
Amkay Products IPO	ABS Marine Services IPO
Storage Technologies Racks and Rollers IPO	Shivam Chemicals IPO
Mandeep Auto Industries IPO	Varyaa Creations IPO
Shivam Chemicals IPO	Emmforce Autotech IPO
Varyaa Creations IPO	Birdy's IPO
Faalcon Concepts IPO	Greenhitech Ventures IPO
Emmforce Autotech IPO	Finelistings Technologies IPO
Birdy's IPO	Ramdevbaba Solvent IPO

Comments

Add a public comment...