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Adishakti Loha and Ispat IPO vs Suyog Gurbaxani Funicular Ropeways IPO

Comparision between Adishakti Loha and Ispat IPO and Suyog Gurbaxani Funicular Ropeways IPO.

IPO Details

Adishakti Loha and Ispat IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Suyog Gurbaxani Funicular Ropeways IPO is a SME Fixed Price Issue proposed to list at BSE SME.

  Adishakti Loha and Ispat IPO Suyog Gurbaxani Funicular Ropeways IPO
Logo Adishakti Loha and Ispat IPO Logo Suyog Gurbaxani Funicular Ropeways IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Fixed Price Issue
Listing At BSE SME BSE SME
Lead Managers Turnaround Corporate Advisors Private Limited Aryaman Financial Services Limited
Registrar Bigshare Services Pvt Ltd Kfin Technologies Limited
Market Maker
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Adishakti Loha and Ispat IPO is up to ₹2.00 Cr whereas the issue size of the Suyog Gurbaxani Funicular Ropeways IPO is up to ₹29.50 Cr. The final issue price of Adishakti Loha and Ispat IPO is ₹11.00 per share and of Suyog Gurbaxani Funicular Ropeways IPO is ₹45.00 per share.

  Adishakti Loha and Ispat IPO Suyog Gurbaxani Funicular Ropeways IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final) ₹11.00 per share ₹45.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 10000 shares 3000 shares
Fresh Issue Size 15,00,000 shares
Fresh Issue Size (Amount) up to ₹6.75 Cr
OFS Issue Size 50,55,000 shares
OFS Issue Size (Amount) up to ₹22.75 Cr
Issue Size Total 18,20,000 shares 65,55,000 shares
Issue Size Total (Amount) up to ₹2.00 Cr up to ₹29.50 Cr

IPO Timetable

Adishakti Loha and Ispat IPO opens on Sep 30, 2021, while Suyog Gurbaxani Funicular Ropeways IPO opens on Nov 01, 2021. The closing date of Adishakti Loha and Ispat IPO and Suyog Gurbaxani Funicular Ropeways IPO is Oct 05, 2021, and Nov 08, 2021, respectively.

  Adishakti Loha and Ispat IPO Suyog Gurbaxani Funicular Ropeways IPO
Anchor Bid Date
Issue Open Sep 30, 2021 Nov 01, 2021
Issue Close Oct 05, 2021 Nov 08, 2021
Basis Of Allotment (Tentative) Nov 11, 2021
Initiation of Refunds (Tentative) Nov 12, 2021
Credit of Share (Tentative) Nov 15, 2021
Listing date (Tentative) Nov 16, 2021
Anchor Lockin End date 1 Dec 11, 2021
Anchor Lockin End date 2 Feb 09, 2022

Financials

Adishakti Loha and Ispat IPO P/E ratio is , as compared to Suyog Gurbaxani Funicular Ropeways IPO P/E ratio of .

  Adishakti Loha and Ispat IPO Suyog Gurbaxani Funicular Ropeways IPO
Financial
Summary of financial Information (Restated Standalone)
Particulars For the year/period ended (₹ in Millions)
31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 93.57 0.46 0.21
Total Revenue 109.49 0.27 NA
Profit After Tax (0.21) 0.19 0.04
Summary of financial Information (Restated Consolidated)
Particulars For the year/period ended (₹ in Millions)
  30-Jun-21 31-Mar-21 31-Mar-20 31-Mar-19
Total Assets 843.12 861.96 887.12 941.05
Total Revenue 0.01 44.77 131.92 79.06
Profit After Tax (23.22) (79.34) (18.81) (34.84)
Promoter Shareholding (Pre-Issue) 100.00% 90.57%
Promoter Shareholding (Post-Issue) 60.07% 64.78%
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Adishakti Loha and Ispat IPO retail investors (RII) are offered 8,60,000 shares while in Suyog Gurbaxani Funicular Ropeways IPO retail investors are offered 8,60,000 shares. Qualified institutional buyers (QIB) are offered in Adishakti Loha and Ispat IPO and in Suyog Gurbaxani Funicular Ropeways IPO.

  Adishakti Loha and Ispat IPO Suyog Gurbaxani Funicular Ropeways IPO
Anchor Investor Reserveration
Market Maker Reserveration 1,00,000 shares 3,33,000 shares
QIB
NII 8,60,000 shares 31,11,000 shares
RII 8,60,000 shares 31,11,000 shares
Employee
Others
Total 17,20,000 shares 62,22,000 shares

Bids Received (Subscription)

Adishakti Loha and Ispat IPO subscribed 1.84x in total, whereas Suyog Gurbaxani Funicular Ropeways IPO subscribed 1.27x.

  Adishakti Loha and Ispat IPO Suyog Gurbaxani Funicular Ropeways IPO
QIB (times)
NII (times) 0.81x 1.98x
Big NII (times)
Small NII (times)
RII (times) 2.87x 0.56x
Employee (times)
Other (times)
Total (times) 1.84x 1.27x

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