Alpex Solar IPO vs Italian Edibles IPO

Comparision between Alpex Solar IPO and Italian Edibles IPO.

IPO Details

Alpex Solar IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Italian Edibles IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Alpex Solar IPO	Italian Edibles IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	First Overseas Capital Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker	Ss Corporate Securities 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 Alpex Solar IPO is up to ₹74.52 Cr whereas the issue size of the Italian Edibles IPO is up to ₹26.66 Cr. The final issue price of Alpex Solar IPO is ₹115.00 per share and of Italian Edibles IPO is ₹68.00 per share.

	Alpex Solar IPO	Italian Edibles IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹109.00 per share
Issue Price (Upper)	₹115.00 per share
Issue Price (Final)	₹115.00 per share	₹68.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	64,80,000 shares	39,20,000 shares
Fresh Issue Size (Amount)	up to ₹74.52 Cr	up to ₹26.66 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	64,80,000 shares	39,20,000 shares
Issue Size Total (Amount)	up to ₹74.52 Cr	up to ₹26.66 Cr

IPO Timetable

Alpex Solar IPO opens on Feb 08, 2024, while Italian Edibles IPO opens on Feb 02, 2024. The closing date of Alpex Solar IPO and Italian Edibles IPO is Feb 12, 2024, and Feb 07, 2024, respectively.

	Alpex Solar IPO	Italian Edibles IPO
Anchor Bid Date	Feb 07, 2024
Issue Open	Feb 08, 2024	Feb 02, 2024
Issue Close	Feb 12, 2024	Feb 07, 2024
Basis Of Allotment (Tentative)	Feb 13, 2024	Feb 08, 2024
Initiation of Refunds (Tentative)	Feb 14, 2024	Feb 09, 2024
Credit of Share (Tentative)	Feb 14, 2024	Feb 09, 2024
Listing date (Tentative)	Feb 15, 2024	Feb 12, 2024
Anchor Lockin End date 1	Mar 14, 2024	Mar 09, 2024
Anchor Lockin End date 2	May 13, 2024	May 08, 2024

Financials

Alpex Solar IPO P/E ratio is 54.66, as compared to Italian Edibles IPO P/E ratio of 27.94.

Alpex Solar IPO

Italian Edibles IPO

Financial

Alpex Solar Limited Financial Information (Restated Consolidated)

Alpex Solar Limited's revenue increased by 16.25% and profit after tax (PAT) rose by 1849.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	14,188.46	12,559.64	10,003.75	9,935.35
Revenue	21,310.72	19,592.07	16,853.62	14,972.96
Profit After Tax	760.58	378.58	19.42	315.23
Net Worth	4,906.86	4,146.29	3,767.70	3,748.28
Reserves and Surplus	4,307.08	3,546.51	3,167.92	3,148.50
Total Borrowing	4,175.15	4,735.73	2,669.98	2,992.68
Amount in ₹ Lakhs

Italian Edibles Limited Financial Information (Restated)

Italian Edibles Limited's revenue decreased by -16.1% and profit after tax (PAT) rose by 229.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Aug 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,824.64	4,155.24	3,905.45	3,946.43
Revenue	3,052.16	6,330.09	7,545.25	4,899.44
Profit After Tax	209.68	264.21	80.21	86.52
Net Worth	1,287.92	1,078.24	814.03	583.82
Reserves and Surplus	202.21	906.82	642.60	433.82
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

93.53%

100.00%

Promoter Shareholding (Post-Issue)

68.76%

73.47%

P/E Ratio

54.66

27.94

Market Cap

₹281.44 Cr.

₹100.48 Cr.

ROE

9.55%%

24.50%%

ROCE

18.81%%

19.32%%

Debt/Equity

1.14

1.6

EPS

₹2.10

₹2.43

RoNW

9.55%%

24.50%%

Shares Offered

In the Alpex Solar IPO retail investors (RII) are offered 21,55,200 shares while in Italian Edibles IPO retail investors are offered 21,55,200 shares. Qualified institutional buyers (QIB) are offered 12,31,200 shares in Alpex Solar IPO and 0 shares in Italian Edibles IPO.

	Alpex Solar IPO	Italian Edibles IPO
Anchor Investor Reserveration	18,45,600 shares
Market Maker Reserveration	3,24,000 shares	2,00,000 shares
QIB	12,31,200 shares	0 shares
NII	9,24,000 shares	18,60,000 shares
RII	21,55,200 shares	18,60,000 shares
Employee	0 shares	0 shares
Others
Total	43,10,400 shares	37,20,000 shares

Bids Received (Subscription)

Alpex Solar IPO subscribed 324.03x in total, whereas Italian Edibles IPO subscribed 154.43x.

	Alpex Solar IPO	Italian Edibles IPO
QIB (times)	141.48x
NII (times)	502.31x	177.37x
Big NII (times)
Small NII (times)
RII (times)	351.89x	120.62x
Employee (times)
Other (times)
Total (times)	324.03x	154.43x

Compare with others

Alpex Solar IPO	Italian Edibles IPO
Thaai Casting IPO	Kalahridhaan Trendz IPO
Kalahridhaan Trendz IPO	Polysil Irrigation Systems IPO
Polysil Irrigation Systems IPO	Rudra Gas Enterprise IPO
Rudra Gas Enterprise IPO	WTI Cabs IPO
WTI Cabs IPO	Alpex Solar IPO
Italian Edibles IPO	Gabriel Pet Straps IPO
Gabriel Pet Straps IPO	Mayank Cattle Food IPO
Mayank Cattle Food IPO	Docmode Health Technologies IPO
Docmode Health Technologies IPO	Harshdeep Hortico IPO
Harshdeep Hortico IPO	Megatherm Induction IPO

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