Aluwind Architectural IPO vs TAC Infosec IPO

Comparision between Aluwind Architectural IPO and TAC Infosec IPO.

IPO Details

Aluwind Architectural IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TAC Infosec IPO is a SME Book Built Issue proposed to list at NSE SME.

	Aluwind Architectural IPO	TAC Infosec IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Corpwis Advisors Private Limited	Beeline Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Nnm Securities Private Limited	Spread X Securities Private 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 Aluwind Architectural IPO is up to ₹29.70 Cr whereas the issue size of the TAC Infosec IPO is up to ₹29.99 Cr. The final issue price of Aluwind Architectural IPO is ₹45.00 per share and of TAC Infosec IPO is ₹106.00 per share.

	Aluwind Architectural IPO	TAC Infosec IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹100.00 per share
Issue Price (Upper)		₹106.00 per share
Issue Price (Final)	₹45.00 per share	₹106.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1200 shares
Fresh Issue Size	66,00,000 shares	28,29,600 shares
Fresh Issue Size (Amount)	up to ₹29.70 Cr	up to ₹29.99 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	66,00,000 shares	28,29,600 shares
Issue Size Total (Amount)	up to ₹29.70 Cr	up to ₹29.99 Cr

IPO Timetable

Aluwind Architectural IPO opens on Mar 28, 2024, while TAC Infosec IPO opens on Mar 27, 2024. The closing date of Aluwind Architectural IPO and TAC Infosec IPO is Apr 04, 2024, and Apr 02, 2024, respectively.

	Aluwind Architectural IPO	TAC Infosec IPO
Anchor Bid Date		Mar 26, 2024
Issue Open	Mar 28, 2024	Mar 27, 2024
Issue Close	Apr 04, 2024	Apr 02, 2024
Basis Of Allotment (Tentative)	Apr 05, 2024	Apr 03, 2024
Initiation of Refunds (Tentative)	Apr 08, 2024	Apr 04, 2024
Credit of Share (Tentative)	Apr 08, 2024	Apr 04, 2024
Listing date (Tentative)	Apr 09, 2024	Apr 05, 2024
Anchor Lockin End date 1		May 03, 2024
Anchor Lockin End date 2		Jul 02, 2024

Financials

Aluwind Architectural IPO P/E ratio is 30.41, as compared to TAC Infosec IPO P/E ratio of 15.98.

Aluwind Architectural IPO

TAC Infosec IPO

Financial

Aluwind Architectural Limited Financial Information (Restated)

Aluwind Architectural Limited 's revenue increased by 67.54% and profit after tax (PAT) rose by 242.7% 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	4,907.14	4,086.53	3,232.74	2,177.73
Revenue	4,142.97	4,900.62	2,925.13	2,139.29
Profit After Tax	372.83	270.05	78.80	76.92
Net Worth	2,069.53	1,702.56	1,429.87	1,041.33
Reserves and Surplus	1,816.09	1,449.13	1,417.80	1,030.56
Total Borrowing	993.98	707.52	638.92	436.06
Amount in ₹ Lakhs

TAC Infosec Limited Financial Information (Restated)

TAC Infosec Limited's revenue increased by 93.7% and profit after tax (PAT) rose by 735.05% 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	1,213.02	977.65	496.45	404.00
Revenue	531.10	1,014.28	523.63	516.49
Profit After Tax	194.85	507.29	60.75	61.13
Net Worth	962.90	768.05	260.75	200.00
Reserves and Surplus	917.90	723.05	215.75	155.00
Total Borrowing	27.68	35.93	89.06	22.29
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.22%

78.00%

Promoter Shareholding (Post-Issue)

72.13%

56.94%

P/E Ratio

30.41

15.98

Market Cap

₹111.81 Cr.

₹111.08 Cr.

ROE

19.77%%

22.51%%

ROCE

24.55%%

22.75%%

Debt/Equity

0.48

EPS

₹1.48

₹6.63

RoNW

19.77%%

20.24%%

Shares Offered

In the Aluwind Architectural IPO retail investors (RII) are offered 31,35,000 shares while in TAC Infosec IPO retail investors are offered 31,35,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Aluwind Architectural IPO and 5,37,600 shares in TAC Infosec IPO.

	Aluwind Architectural IPO	TAC Infosec IPO
Anchor Investor Reserveration		8,06,400 shares
Market Maker Reserveration	3,30,000 shares	1,41,600 shares
QIB	0 shares	5,37,600 shares
NII	31,35,000 shares	4,03,200 shares
RII	31,35,000 shares	9,40,800 shares
Employee	0 shares	0 shares
Others
Total	62,70,000 shares	18,81,600 shares

Bids Received (Subscription)

Aluwind Architectural IPO subscribed 8.19x in total, whereas TAC Infosec IPO subscribed 422.03x.

	Aluwind Architectural IPO	TAC Infosec IPO
QIB (times)		141.29x
NII (times)	5.23x	768.89x
Big NII (times)
Small NII (times)
RII (times)	10.71x	433.80x
Employee (times)
Other (times)
Total (times)	8.19x	422.03x

Compare with others

Aluwind Architectural IPO	TAC Infosec IPO
Ramdevbaba Solvent IPO	K2 Infragen IPO
Teerth Gopicon IPO	Aluwind Architectural IPO
DCG Cables & Wires IPO	Jay Kailash Namkeen IPO
Creative Graphics Solutions India IPO	Yash Optics & Lens IPO
K2 Infragen IPO	GConnect Logitech IPO
Jay Kailash Namkeen IPO	Radiowalla IPO
Yash Optics & Lens IPO	Aspire & Innovative IPO
GConnect Logitech IPO	Blue Pebble IPO
TAC Infosec IPO	Vruddhi Engineering Works IPO
Radiowalla IPO	Naman In-Store (India) IPO

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