Aakash Exploration IPO vs Akshar Spintex IPO

Comparision between Aakash Exploration IPO and Akshar Spintex IPO.

IPO Details

Aakash Exploration IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Akshar Spintex IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Aakash Exploration IPO	Akshar Spintex IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Monarch Networth Capital Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
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 Aakash Exploration IPO is up to ₹10.08 Cr whereas the issue size of the Akshar Spintex IPO is up to ₹26.99 Cr. The final issue price of Aakash Exploration IPO is ₹56.00 per share and of Akshar Spintex IPO is ₹40.00 per share.

	Aakash Exploration IPO	Akshar Spintex IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹56.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,00,000 shares	67,47,000 shares
Issue Size Total (Amount)	up to ₹10.08 Cr	up to ₹26.99 Cr

IPO Timetable

Aakash Exploration IPO opens on Apr 17, 2018, while Akshar Spintex IPO opens on Apr 27, 2018. The closing date of Aakash Exploration IPO and Akshar Spintex IPO is Apr 19, 2018, and May 03, 2018, respectively.

	Aakash Exploration IPO	Akshar Spintex IPO
Anchor Bid Date
Issue Open	Apr 17, 2018	Apr 27, 2018
Issue Close	Apr 19, 2018	May 03, 2018
Basis Of Allotment (Tentative)	Apr 24, 2018
Initiation of Refunds (Tentative)	Apr 25, 2018
Credit of Share (Tentative)	Apr 26, 2018
Listing date (Tentative)	Apr 27, 2018
Anchor Lockin End date 1	May 24, 2018
Anchor Lockin End date 2	Jul 23, 2018

Financials

Aakash Exploration IPO P/E ratio is , as compared to Akshar Spintex IPO P/E ratio of .

Aakash Exploration IPO

Akshar Spintex IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	3,382.38	3,131.06	2,549.24	1,393.22	1,056.70
Total Revenue	3,380.30	2,563.31	2,345.20	1,389.54	944.65
Profit After Tax	110.02	44.32	101.44	49.38	14.40

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	8218.88	7487.82	7029.73	2479.56
Total Revenue	9038.94	5984.38	1561.73	0
Profit After Tax	538.61	266.94	(51.25)	0

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aakash Exploration IPO retail investors (RII) are offered 8,55,000 shares while in Akshar Spintex IPO retail investors are offered 8,55,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Aakash Exploration IPO and 0 shares in Akshar Spintex IPO.

	Aakash Exploration IPO	Akshar Spintex IPO
Anchor Investor Reserveration
Market Maker Reserveration	90,000 shares	3,45,000 shares
QIB	0 shares	0 shares
NII	8,55,000 shares	32,01,000 shares
RII	8,55,000 shares	32,01,000 shares
Employee
Others
Total	18,00,000 shares	67,47,000 shares

Bids Received (Subscription)

Aakash Exploration IPO subscribed 1.48x in total, whereas Akshar Spintex IPO subscribed 5.49x.

	Aakash Exploration IPO	Akshar Spintex IPO
QIB (times)
NII (times)	1.59x	1.71x
Big NII (times)
Small NII (times)
RII (times)	1.38x	9.24x
Employee (times)
Other (times)
Total (times)	1.48x	5.49x

Compare with others

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SoftTech Engineers IPO	E2E Networks IPO
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Akshar Spintex IPO	SoftTech Engineers IPO
Dr Lalchandani Labs IPO	Godha Cabcon Insulation IPO
Garv Industries IPO	Dr Lalchandani Labs IPO
Indo US BioTech IPO	Aakash Exploration IPO
Bombay Super Hybrid Seeds IPO	Garv Industries IPO
Power Instrumentation Gujarat IPO	Indo US BioTech IPO
Mahickra Chemicals IPO	Bombay Super Hybrid Seeds IPO

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