Ahasolar Technologies IPO vs Srivari Spices and Foods IPO

Comparision between Ahasolar Technologies IPO and Srivari Spices and Foods IPO.

IPO Details

Ahasolar Technologies IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Srivari Spices and Foods IPO is a SME Book Built Issue proposed to list at NSE SME.

	Ahasolar Technologies IPO	Srivari Spices and Foods IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Sunflower Broking 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 Ahasolar Technologies IPO is up to ₹12.85 Cr whereas the issue size of the Srivari Spices and Foods IPO is up to ₹9.00 Cr. The final issue price of Ahasolar Technologies IPO is ₹157.00 per share and of Srivari Spices and Foods IPO is ₹42.00 per share.

	Ahasolar Technologies IPO	Srivari Spices and Foods IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹40.00 per share
Issue Price (Upper)		₹42.00 per share
Issue Price (Final)	₹157.00 per share	₹42.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	800 shares	3000 shares
Fresh Issue Size	8,18,400 shares	21,42,000 shares
Fresh Issue Size (Amount)	up to ₹12.85 Cr	up to ₹9.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	8,18,400 shares	21,42,000 shares
Issue Size Total (Amount)	up to ₹12.85 Cr	up to ₹9.00 Cr

IPO Timetable

Ahasolar Technologies IPO opens on Jul 10, 2023, while Srivari Spices and Foods IPO opens on Aug 07, 2023. The closing date of Ahasolar Technologies IPO and Srivari Spices and Foods IPO is Jul 13, 2023, and Aug 09, 2023, respectively.

	Ahasolar Technologies IPO	Srivari Spices and Foods IPO
Anchor Bid Date		Aug 04, 2023
Issue Open	Jul 10, 2023	Aug 07, 2023
Issue Close	Jul 13, 2023	Aug 09, 2023
Basis Of Allotment (Tentative)	Jul 18, 2023	Aug 14, 2023
Initiation of Refunds (Tentative)	Jul 19, 2023	Aug 16, 2023
Credit of Share (Tentative)	Jul 20, 2023	Aug 17, 2023
Listing date (Tentative)	Jul 21, 2023	Aug 18, 2023
Anchor Lockin End date 1	Aug 17, 2023	Sep 13, 2023
Anchor Lockin End date 2	Oct 16, 2023	Nov 12, 2023

Financials

Ahasolar Technologies IPO P/E ratio is 27.45, as compared to Srivari Spices and Foods IPO P/E ratio of 9.59.

Ahasolar Technologies IPO

Srivari Spices and Foods IPO

Financial

Ahasolar Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	138.63	128.70	2.07	2.16	1.16	23.04
31-Mar-21	85.47	187.73	7.91	10.08	9.08	24.24
31-Mar-22	237.37	1,714.64	68.63	78.71	77.71	58.18
31-Mar-23	525.56	2,105.16	176.38	405.07	178.69	0.00
Amount in ₹ Lakhs

Srivari Spices and Foods IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	235.88	627.38	1,067.62	2,568.13
Revenue	19.05	1,139.90	1,764.21	3,582.01
Profit After Tax	-10.69	35.26	72.84	312.61
Net Worth	177.54	426.91	499.75	910.02
Reserves and Surplus	-10.69	24.57	97.41	410.02
Total Borrowing			277.39	1,283.51

Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

50.31%

99.90%

Promoter Shareholding (Post-Issue)

36.95%

P/E Ratio

27.45

9.59

Market Cap

₹48.39 Cr.

₹30.00 Cr.

ROE

72.92%%

44.35%%

ROCE

63.53%%

23.65%%

Debt/Equity

1.41

EPS

₹7.94

₹4.45

RoNW

43.54%%

24.79%%

Shares Offered

In the Ahasolar Technologies IPO retail investors (RII) are offered 3,88,000 shares while in Srivari Spices and Foods IPO retail investors are offered 3,88,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Ahasolar Technologies IPO and 4,08,000 shares in Srivari Spices and Foods IPO.

	Ahasolar Technologies IPO	Srivari Spices and Foods IPO
Anchor Investor Reserveration		6,06,000 shares
Market Maker Reserveration	42,400 shares	1,08,000 shares
QIB	0 shares	4,08,000 shares
NII	3,88,000 shares	3,06,000 shares
RII	3,88,000 shares	7,14,000 shares
Employee	0 shares	0 shares
Others
Total	7,76,000 shares	14,28,000 shares

Bids Received (Subscription)

Ahasolar Technologies IPO subscribed 34.79x in total, whereas Srivari Spices and Foods IPO subscribed 450.03x.

	Ahasolar Technologies IPO	Srivari Spices and Foods IPO
QIB (times)		79.10x
NII (times)	23.37x	786.11x
Big NII (times)
Small NII (times)
RII (times)	46.18x	517.95x
Employee (times)
Other (times)
Total (times)	34.79x	450.03x

Compare with others

Ahasolar Technologies IPO	Srivari Spices and Foods IPO
Committed Cargo Care IPO	Shri Techtex IPO
Khazanchi Jewellers IPO	Vinsys IT Services IPO
Srivari Spices and Foods IPO	Yasons Chemex Care IPO
Asarfi Hospital IPO	Committed Cargo Care IPO
Service Care IPO	Khazanchi Jewellers IPO
Drone Destination IPO	Asarfi Hospital IPO
AccelerateBS India IPO	Service Care IPO
Synoptics Technologies IPO	Ahasolar Technologies IPO
Alphalogic Industries IPO	Drone Destination IPO
Global Pet Industries IPO	AccelerateBS India IPO

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