Aeroflex Industries IPO vs EMS IPO

Comparision between Aeroflex Industries IPO and EMS IPO.

IPO Details

Aeroflex Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while EMS IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aeroflex Industries IPO	EMS 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	Pantomath Capital Advisors Pvt Ltd	Khambatta Securities Limited
Registrar	Link Intime India Private 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 Aeroflex Industries IPO is up to ₹351.00 Cr whereas the issue size of the EMS IPO is up to ₹321.24 Cr. The final issue price of Aeroflex Industries IPO is ₹108.00 per share and of EMS IPO is ₹211.00 per share.

	Aeroflex Industries IPO	EMS IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹200.00 per share
Issue Price (Upper)	₹108.00 per share	₹211.00 per share
Issue Price (Final)	₹108.00 per share	₹211.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	130 shares	70 shares
Fresh Issue Size	1,50,00,000 shares	69,30,806 shares
Fresh Issue Size (Amount)	up to ₹162.00 Cr	up to ₹146.24 Cr
OFS Issue Size	1,75,00,000 shares	82,94,118 shares
OFS Issue Size (Amount)	up to ₹189.00 Cr	up to ₹175.00 Cr
Issue Size Total	3,25,00,000 shares	1,52,24,924 shares
Issue Size Total (Amount)	up to ₹351.00 Cr	up to ₹321.24 Cr

IPO Timetable

Aeroflex Industries IPO opens on Aug 22, 2023, while EMS IPO opens on Sep 08, 2023. The closing date of Aeroflex Industries IPO and EMS IPO is Aug 24, 2023, and Sep 12, 2023, respectively.

	Aeroflex Industries IPO	EMS IPO
Anchor Bid Date	Aug 21, 2023	Sep 07, 2023
Issue Open	Aug 22, 2023	Sep 08, 2023
Issue Close	Aug 24, 2023	Sep 12, 2023
Basis Of Allotment (Tentative)	Aug 29, 2023	Sep 15, 2023
Initiation of Refunds (Tentative)	Aug 30, 2023	Sep 18, 2023
Credit of Share (Tentative)	Aug 31, 2023	Sep 20, 2023
Listing date (Tentative)	Aug 31, 2023	Sep 21, 2023
Anchor Lockin End date 1	Sep 28, 2023	Oct 15, 2023
Anchor Lockin End date 2	Nov 27, 2023	Dec 14, 2023

Financials

Aeroflex Industries IPO P/E ratio is 40.91, as compared to EMS IPO P/E ratio of .

Aeroflex Industries IPO

EMS IPO

Financial

Aeroflex Industries IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	157.19	161.64	183.44	213.98
Revenue	144.94	144.84	240.99	269.48
Profit After Tax	4.69	6.01	27.51	30.15
Net Worth	52.70	58.72	86.22	114.09
Reserves and Surplus
Total Borrowing	63.46	53.07	39.13	45.01

Amount in ₹ Crore

EMS IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	308.08	378.31	502.55	638.72
Revenue	332.36	336.18	363.10	543.28
Profit After Tax	72.43	71.91	78.93	108.67
Net Worth	229.99	301.91	380.18	487.83
Reserves and Surplus	218.24	290.16	368.43	443.45
Total Borrowing	14.80	3.16	3.71	45.40

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

91.09%

96.71%

Promoter Shareholding (Post-Issue)

66.99%

P/E Ratio

40.91

Market Cap

₹1171.70 Cr.

ROE

26.43%%

22.27%%

ROCE

31.96%%

28.26%%

Debt/Equity

0.39

0.09

EPS

₹2.64

₹23.15

RoNW

26.43%%

22.31%%

Shares Offered

In the Aeroflex Industries IPO retail investors (RII) are offered 1,15,08,824 shares while in EMS IPO retail investors are offered 1,15,08,824 shares. Qualified institutional buyers (QIB) are offered 62,76,490 shares in Aeroflex Industries IPO and 30,44,985 shares in EMS IPO.

	Aeroflex Industries IPO	EMS IPO
Anchor Investor Reserveration	95,99,980 shares	45,67,476 shares
Market Maker Reserveration
QIB	62,76,490 shares	30,44,985 shares
NII	49,32,353 shares	22,83,739 shares
RII	1,15,08,824 shares	53,28,724 shares
Employee	0 shares	0 shares
Others
Total	2,32,17,667 shares	1,06,57,448 shares

Bids Received (Subscription)

Aeroflex Industries IPO subscribed 97.11x in total, whereas EMS IPO subscribed 76.21x.

	Aeroflex Industries IPO	EMS IPO
QIB (times)	194.73x	149.98x
NII (times)	126.13x	84.39x
Big NII (times)	125.80x	83.15x
Small NII (times)	126.80x	86.87x
RII (times)	34.41x	30.55x
Employee (times)
Other (times)	28.52x
Total (times)	97.11x	76.21x

Compare with others

Aeroflex Industries IPO	EMS IPO
EMS IPO	Sai Silks (Kalamandir) IPO
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Rishabh Instruments IPO	Zaggle Prepaid Ocean Services IPO
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Vishnu Prakash R Punglia IPO	SAMHI Hotels IPO
Pyramid Technoplast IPO	Jupiter Life Line Hospitals IPO
India Shelter Finance IPO	Rishabh Instruments IPO
TVS Supply Chain Solutions IPO	Ratnaveer Precision Engineering IPO
Concord Biotech IPO	Vishnu Prakash R Punglia IPO
SBFC Finance IPO	Aeroflex Industries IPO

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