Aditya Ultra Steel IPO vs Innomet Advanced Materials IPO

Comparision between Aditya Ultra Steel IPO and Innomet Advanced Materials IPO.

IPO Details

Aditya Ultra Steel IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Innomet Advanced Materials IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Aditya Ultra Steel IPO	Innomet Advanced Materials IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Swastika Investmart Ltd	Expert Global Consultants Private Limited
Registrar	Cameo Corporate Services Limited	Skyline Financial Services Private Ltd
Market Maker	Sunflower Broking Private Limited	Prabhat Financial Services Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Aditya Ultra Steel IPO is up to ₹45.88 Cr whereas the issue size of the Innomet Advanced Materials IPO is up to ₹34.24 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of Innomet Advanced Materials IPO is ₹100.00 per share.

	Aditya Ultra Steel IPO	Innomet Advanced Materials IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share
Issue Price (Upper)	₹62.00 per share
Issue Price (Final)	₹62.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1200 shares
Fresh Issue Size	74,00,000 shares	34,23,600 shares
Fresh Issue Size (Amount)	up to ₹45.88 Cr	up to ₹34.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	74,00,000 shares	34,23,600 shares
Issue Size Total (Amount)	up to ₹45.88 Cr	up to ₹34.24 Cr

IPO Timetable

Aditya Ultra Steel IPO opens on Sep 09, 2024, while Innomet Advanced Materials IPO opens on Sep 11, 2024. The closing date of Aditya Ultra Steel IPO and Innomet Advanced Materials IPO is Sep 11, 2024, and Sep 13, 2024, respectively.

	Aditya Ultra Steel IPO	Innomet Advanced Materials IPO
Anchor Bid Date	Sep 06, 2024
Issue Open	Sep 09, 2024	Sep 11, 2024
Issue Close	Sep 11, 2024	Sep 13, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 16, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 17, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 17, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 18, 2024
Anchor Lockin End date 1	Oct 12, 2024
Anchor Lockin End date 2	Dec 11, 2024

Financials

Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to Innomet Advanced Materials IPO P/E ratio of 37.78.

Aditya Ultra Steel IPO

Innomet Advanced Materials IPO

Financial

Aditya Ultra Steel Limited Financial Information (Restated)

Aditya Ultra Steel Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% 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	14,752.33	9,734.65	9,156.62
Revenue	58,856.29	53,048.91	51,598.34
Profit After Tax	792.34	277.66	488.9
Net Worth	3,758.21	2,865.86	2,588.2
Reserves and Surplus	3,128.6	2,739.81	2,462.15
Total Borrowing	5,427.07	4,984.14	4,695.12
Amount in ₹ Lakhs

Innomet Advanced Materials Limited Financial Information (Restated)

Innomet Advanced Materials Limited's revenue increased by 9% and profit after tax (PAT) dropped by -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	3,416.76	1,213.68	974.01
Revenue	2,955.45	2,714.78	2,240.35
Profit After Tax	251.91	321.55	55.17
Net Worth	1,472	705.94	379.78
Reserves and Surplus	520.35	417.62	91.46
Total Borrowing	1,331.29	1,209.5	981.51
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.94%

74.52%

Promoter Shareholding (Post-Issue)

68.76%

54.80%

P/E Ratio

13.64

37.78

Market Cap

₹153.98 Cr.

₹129.40 Cr.

ROE

23.92%%

21.37%%

ROCE

18.75%%

16.27%%

Debt/Equity

1.44

1.27

EPS

₹4.54

₹2.65

RoNW

21.08%%

17.11%%

Shares Offered

In the Aditya Ultra Steel IPO retail investors (RII) are offered 24,62,000 shares while in Innomet Advanced Materials IPO retail investors are offered 24,62,000 shares. Qualified institutional buyers (QIB) are offered 35,12,000 shares in Aditya Ultra Steel IPO and 0 shares in Innomet Advanced Materials IPO.

	Aditya Ultra Steel IPO	Innomet Advanced Materials IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,70,000 shares	1,71,600 shares
QIB	35,12,000 shares	0 shares
NII	10,56,000 shares	16,26,000 shares
RII	24,62,000 shares	16,26,000 shares
Employee	0 shares	0 shares
Others
Total	70,30,000 shares	32,52,000 shares

Bids Received (Subscription)

Aditya Ultra Steel IPO subscribed 10.58x in total, whereas Innomet Advanced Materials IPO subscribed 0.53x.

	Aditya Ultra Steel IPO	Innomet Advanced Materials IPO
QIB (times)	1.21x
NII (times)	12.16x	0.21x
Big NII (times)
Small NII (times)
RII (times)	23.26x	0.85x
Employee (times)
Other (times)
Total (times)	10.58x	0.53x

Compare with others

Aditya Ultra Steel IPO	Innomet Advanced Materials IPO
Gajanand International IPO	Sodhani Academy of Fintech Enablers IPO
Innomet Advanced Materials IPO	Deccan Transcon Leasing IPO
SPP Polymers IPO	Envirotech Systems IPO
Share Samadhan IPO	Trafiksol ITS Technologies IPO
Shubhshree Biofuels Energy IPO	Gajanand International IPO
Vision Infra Equipment Solutions IPO	SPP Polymers IPO
Naturewings Holidays IPO	Share Samadhan IPO
My Mudra Fincorp IPO	Shubhshree Biofuels Energy IPO
Namo eWaste Management IPO	Aditya Ultra Steel IPO
Mach Conferences and Events IPO	Vision Infra Equipment Solutions IPO

Comments

Add a public comment...