Aeron Composite IPO vs Resourceful Automobile IPO

Comparision between Aeron Composite IPO and Resourceful Automobile IPO.

IPO Details

Aeron Composite IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Resourceful Automobile IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Aeron Composite IPO	Resourceful Automobile 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	Hem Securities Limited	Swastika Investmart Ltd
Registrar	Maashitla Securities Private Limited	Cameo Corporate Services Limited
Market Maker	Hem Finlease Private Limited	Nikunj Stock Brokers Limited
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 Aeron Composite IPO is up to ₹56.10 Cr whereas the issue size of the Resourceful Automobile IPO is up to ₹11.99 Cr. The final issue price of Aeron Composite IPO is ₹125.00 per share and of Resourceful Automobile IPO is ₹117.00 per share.

	Aeron Composite IPO	Resourceful Automobile IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹121.00 per share
Issue Price (Upper)	₹125.00 per share
Issue Price (Final)	₹125.00 per share	₹117.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	1200 shares
Fresh Issue Size	44,88,000 shares	10,24,800 shares
Fresh Issue Size (Amount)	up to ₹56.10 Cr	up to ₹11.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	44,88,000 shares	10,24,800 shares
Issue Size Total (Amount)	up to ₹56.10 Cr	up to ₹11.99 Cr

IPO Timetable

Aeron Composite IPO opens on Aug 28, 2024, while Resourceful Automobile IPO opens on Aug 22, 2024. The closing date of Aeron Composite IPO and Resourceful Automobile IPO is Aug 30, 2024, and Aug 26, 2024, respectively.

	Aeron Composite IPO	Resourceful Automobile IPO
Anchor Bid Date	Aug 27, 2024
Issue Open	Aug 28, 2024	Aug 22, 2024
Issue Close	Aug 30, 2024	Aug 26, 2024
Basis Of Allotment (Tentative)	Sep 02, 2024	Aug 27, 2024
Initiation of Refunds (Tentative)	Sep 03, 2024	Aug 28, 2024
Credit of Share (Tentative)	Sep 03, 2024	Aug 28, 2024
Listing date (Tentative)	Sep 04, 2024	Aug 29, 2024
Anchor Lockin End date 1	Oct 02, 2024
Anchor Lockin End date 2	Dec 01, 2024

Financials

Aeron Composite IPO P/E ratio is 23.69, as compared to Resourceful Automobile IPO P/E ratio of 45.99.

Aeron Composite IPO

Resourceful Automobile IPO

Financial

Aeron Composite Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,979.42	6,910.21	6,063.23	4,360.19
Revenue	18,080.35	18,199.26	10,992.5	7,906.12
Profit After Tax	942.23	661.15	362.12	255.3
Net Worth	3,478.19	2,535.96	1,557.35	1,208.23
Reserves and Surplus	3,321.54	2,379.31	1,427.35	1,078.23
Total Borrowing	1,208.23	1,399.62	1,255.54	1,042.7
Amount in ₹ Lakhs

Resourceful Automobile Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,451.41	1,000.49	1,008.58	429.46
Revenue	1,723.64	1,938.26	1,250.1	1,127.26
Profit After Tax	152.24	41.5	28.73	0.16
Net Worth	315.78	163.56	74.78	46.05
Reserves and Surplus	152.67	66.27	24.78	-3.95
Total Borrowing	992.34	747.77	673.73	269.81
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

73.63%

61.41%

P/E Ratio

23.69

45.99

Market Cap

₹212.75 Cr.

₹31.07 Cr.

ROE

31.33%

0.48%

ROCE

29.67%

31.22%

Debt/Equity

0.35

EPS

₹5.28

₹2.54

RoNW

27.09%

0.48%

Shares Offered

In the Aeron Composite IPO retail investors (RII) are offered 14,18,000 shares while in Resourceful Automobile IPO retail investors are offered 14,18,000 shares. Qualified institutional buyers (QIB) are offered 8,10,000 shares in Aeron Composite IPO and 0 shares in Resourceful Automobile IPO.

	Aeron Composite IPO	Resourceful Automobile IPO
Anchor Investor Reserveration	12,14,000 shares
Market Maker Reserveration	2,28,000 shares	51,600 shares
QIB	8,10,000 shares	0 shares
NII	6,08,000 shares	4,86,600 shares
RII	14,18,000 shares	4,86,600 shares
Employee	0 shares	0 shares
Others
Total	28,36,000 shares	9,73,200 shares

Bids Received (Subscription)

Aeron Composite IPO subscribed 41.07x in total, whereas Resourceful Automobile IPO subscribed 418.82x.

	Aeron Composite IPO	Resourceful Automobile IPO
QIB (times)	27.82x
NII (times)	75.53x	315.61x
Big NII (times)
Small NII (times)
RII (times)	33.77x	496.22x
Employee (times)
Other (times)
Total (times)	41.07x	418.82x

Compare with others

Aeron Composite IPO	Resourceful Automobile IPO
Excellent Wires and Packaging IPO	Aeron Composite IPO
Travels & Rentals IPO	Paramatrix Technologies IPO
Jeyyam Global Foods IPO	Jay Bee Laminations IPO
Boss Packaging Solutions IPO	Rapid Multimodal Logistics IPO
Vdeal System IPO	Indian Phosphate IPO
Paramatrix Technologies IPO	Ideal Technoplast Industries IPO
Jay Bee Laminations IPO	QVC Exports IPO
Rapid Multimodal Logistics IPO	Forcas Studio IPO
Indian Phosphate IPO	Solve Plastic Products IPO
Resourceful Automobile IPO	Broach Lifecare Hospital IPO

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