Akshar Spintex IPO vs Garv Industries IPO

Comparision between Akshar Spintex IPO and Garv Industries IPO.

IPO Details

Akshar Spintex IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Garv Industries IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Akshar Spintex IPO	Garv Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Pantomath Capital Advisors Pvt Ltd	Aryaman Financial Services Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private 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 Akshar Spintex IPO is up to ₹26.99 Cr whereas the issue size of the Garv Industries IPO is up to ₹3.20 Cr. The final issue price of Akshar Spintex IPO is ₹40.00 per share and of Garv Industries IPO is ₹10.00 per share.

	Akshar Spintex IPO	Garv Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹40.00 per share	₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	10000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	67,47,000 shares	32,00,000 shares
Issue Size Total (Amount)	up to ₹26.99 Cr	up to ₹3.20 Cr

IPO Timetable

Akshar Spintex IPO opens on Apr 27, 2018, while Garv Industries IPO opens on Apr 12, 2018. The closing date of Akshar Spintex IPO and Garv Industries IPO is May 03, 2018, and Apr 17, 2018, respectively.

	Akshar Spintex IPO	Garv Industries IPO
Anchor Bid Date
Issue Open	Apr 27, 2018	Apr 12, 2018
Issue Close	May 03, 2018	Apr 17, 2018
Basis Of Allotment (Tentative)		Apr 20, 2018
Initiation of Refunds (Tentative)		Apr 23, 2018
Credit of Share (Tentative)		Apr 24, 2018
Listing date (Tentative)		Apr 25, 2018
Anchor Lockin End date 1		May 20, 2018
Anchor Lockin End date 2		Jul 19, 2018

Financials

Akshar Spintex IPO P/E ratio is , as compared to Garv Industries IPO P/E ratio of .

Akshar Spintex IPO

Garv Industries 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
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

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lacs)
	31-Jan-18
Total Assets	1,036.35
Total Revenue	1,459.18
Profit After Tax	11.43

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Akshar Spintex IPO retail investors (RII) are offered 32,01,000 shares while in Garv Industries IPO retail investors are offered 32,01,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Akshar Spintex IPO and 0 shares in Garv Industries IPO.

	Akshar Spintex IPO	Garv Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration	3,45,000 shares	1,70,000 shares
QIB	0 shares	0 shares
NII	32,01,000 shares	15,91,500 shares
RII	32,01,000 shares	15,91,500 shares
Employee
Others
Total	67,47,000 shares	32,00,000 shares

Bids Received (Subscription)

Akshar Spintex IPO subscribed 5.49x in total, whereas Garv Industries IPO subscribed 2.13x.

	Akshar Spintex IPO	Garv Industries IPO
QIB (times)
NII (times)	1.71x	2.17x
Big NII (times)
Small NII (times)
RII (times)	9.24x	1.89x
Employee (times)
Other (times)
Total (times)	5.49x	2.13x

Compare with others

Akshar Spintex IPO	Garv Industries IPO
Milestone Furniture IPO	SoftTech Engineers IPO
E2E Networks IPO	Godha Cabcon Insulation IPO
Five Core Electronics IPO	Akshar Spintex IPO
SoftTech Engineers IPO	Dr Lalchandani Labs IPO
Godha Cabcon Insulation IPO	Aakash Exploration 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	Narmada Agrobase IPO

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