Alphalogic Industries IPO vs Drone Destination IPO

Comparision between Alphalogic Industries IPO and Drone Destination IPO.

IPO Details

Alphalogic Industries IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Drone Destination IPO is a SME Book Built Issue proposed to list at NSE SME.

	Alphalogic Industries IPO	Drone Destination 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	Finshore Management Services Limited	Narnolia Financial Services Ltd
Registrar	Cameo Corporate Services Limited	Maashitla Securities Private Limited
Market Maker	Nikunj Stock Brokers 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 Alphalogic Industries IPO is up to ₹12.88 Cr whereas the issue size of the Drone Destination IPO is up to ₹44.20 Cr. The final issue price of Alphalogic Industries IPO is ₹96.00 per share and of Drone Destination IPO is ₹65.00 per share.

	Alphalogic Industries IPO	Drone Destination IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹62.00 per share
Issue Price (Upper)		₹65.00 per share
Issue Price (Final)	₹96.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	2000 shares
Fresh Issue Size	13,41,600 shares	68,00,000 shares
Fresh Issue Size (Amount)	up to ₹12.88 Cr	up to ₹44.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	13,41,600 shares	68,00,000 shares
Issue Size Total (Amount)	up to ₹12.88 Cr	up to ₹44.20 Cr

IPO Timetable

Alphalogic Industries IPO opens on Jul 03, 2023, while Drone Destination IPO opens on Jul 07, 2023. The closing date of Alphalogic Industries IPO and Drone Destination IPO is Jul 06, 2023, and Jul 13, 2023, respectively.

	Alphalogic Industries IPO	Drone Destination IPO
Anchor Bid Date		Jul 06, 2023
Issue Open	Jul 03, 2023	Jul 07, 2023
Issue Close	Jul 06, 2023	Jul 13, 2023
Basis Of Allotment (Tentative)	Jul 11, 2023	Jul 18, 2023
Initiation of Refunds (Tentative)	Jul 12, 2023	Jul 19, 2023
Credit of Share (Tentative)	Jul 13, 2023	Jul 20, 2023
Listing date (Tentative)	Jul 14, 2023	Jul 21, 2023
Anchor Lockin End date 1	Aug 10, 2023	Aug 17, 2023
Anchor Lockin End date 2	Oct 09, 2023	Oct 16, 2023

Financials

Alphalogic Industries IPO P/E ratio is 22.3, as compared to Drone Destination IPO P/E ratio of 64.35.

Alphalogic Industries IPO

Drone Destination IPO

Financial

Alphalogic Industries Limited Financial Information (Restated Standalone)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	76.90	322.33	8.29	18.29	8.29	55.75
31-Mar-22	373.94	784.33	30.51	85.46	65.85	168.24
31-Mar-23	917.73	1,823.14	219.41	433.58	402.30	370.83
Amount in ₹ Lakhs

Drone Destination Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-21	96.34	39.33	-4.56	2.42	-8.58	9,794.46
31-Mar-22	278.30	257.16	20.73	23.15	12.15	151.09
31-Mar-23	2,359.33	1,207.73	244.19	1,757.34	1,257.34	159.17
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

85.14%

Promoter Shareholding (Post-Issue)

73.67%

62.31%

P/E Ratio

22.3

64.35

Market Cap

₹48.91 Cr.

₹157.95 Cr.

ROE

0.85%

13.90%%

ROCE

0.75%

18.65%%

Debt/Equity

0.86

0.06

EPS

₹111.53

₹25.80

RoNW

50.60%%

13.90%%

Shares Offered

In the Alphalogic Industries IPO retail investors (RII) are offered 5,71,200 shares while in Drone Destination IPO retail investors are offered 5,71,200 shares. Qualified institutional buyers (QIB) are offered 0 shares in Alphalogic Industries IPO and 12,62,000 shares in Drone Destination IPO.

	Alphalogic Industries IPO	Drone Destination IPO
Anchor Investor Reserveration		18,88,000 shares
Market Maker Reserveration	67,200 shares	5,00,000 shares
QIB	0 shares	12,62,000 shares
NII	5,70,000 shares	9,45,000 shares
RII	5,71,200 shares	22,05,000 shares
Employee	0 shares	0 shares
Others
Total	12,74,400 shares	44,12,000 shares

Bids Received (Subscription)

Alphalogic Industries IPO subscribed 5.34x in total, whereas Drone Destination IPO subscribed 191.65x.

	Alphalogic Industries IPO	Drone Destination IPO
QIB (times)		50.46x
NII (times)	4.24x	243.85x
Big NII (times)
Small NII (times)
RII (times)	5.19x	250.09x
Employee (times)
Other (times)
Total (times)	5.34x	191.65x

Compare with others

Alphalogic Industries IPO	Drone Destination IPO
Service Care IPO	Khazanchi Jewellers IPO
Ahasolar Technologies IPO	Srivari Spices and Foods IPO
Drone Destination IPO	Asarfi Hospital IPO
AccelerateBS India IPO	Service Care IPO
Synoptics Technologies IPO	Ahasolar Technologies IPO
Global Pet Industries IPO	AccelerateBS India IPO
Tridhya Tech IPO	Synoptics Technologies IPO
Magson IPO	Alphalogic Industries IPO
Greenchef Appliances IPO	Global Pet Industries IPO
Veefin Solutions IPO	Tridhya Tech IPO

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