AMIC Forging IPO vs Net Avenue Technologies IPO

Comparision between AMIC Forging IPO and Net Avenue Technologies IPO.

IPO Details

AMIC Forging IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Net Avenue Technologies IPO is a SME Book Built Issue proposed to list at NSE SME.

	AMIC Forging IPO	Net Avenue Technologies IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Shreni Shares Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Gretex Share Broking Private Limited	Shreni Shares Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AMIC Forging IPO is up to ₹34.80 Cr whereas the issue size of the Net Avenue Technologies IPO is up to ₹10.25 Cr. The final issue price of AMIC Forging IPO is ₹126.00 per share and of Net Avenue Technologies IPO is ₹18.00 per share.

	AMIC Forging IPO	Net Avenue Technologies IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹121.00 per share	₹16.00 per share
Issue Price (Upper)	₹126.00 per share	₹18.00 per share
Issue Price (Final)	₹126.00 per share	₹18.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	8000 shares
Fresh Issue Size	27,62,000 shares	56,96,000 shares
Fresh Issue Size (Amount)	up to ₹34.80 Cr	up to ₹10.25 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,62,000 shares	56,96,000 shares
Issue Size Total (Amount)	up to ₹34.80 Cr	up to ₹10.25 Cr

IPO Timetable

AMIC Forging IPO opens on Nov 29, 2023, while Net Avenue Technologies IPO opens on Nov 30, 2023. The closing date of AMIC Forging IPO and Net Avenue Technologies IPO is Dec 01, 2023, and Dec 04, 2023, respectively.

	AMIC Forging IPO	Net Avenue Technologies IPO
Anchor Bid Date	Nov 28, 2023	Nov 29, 2023
Issue Open	Nov 29, 2023	Nov 30, 2023
Issue Close	Dec 01, 2023	Dec 04, 2023
Basis Of Allotment (Tentative)	Dec 04, 2023	Dec 07, 2023
Initiation of Refunds (Tentative)	Dec 05, 2023	Dec 08, 2023
Credit of Share (Tentative)	Dec 05, 2023	Dec 11, 2023
Listing date (Tentative)	Dec 06, 2023	Dec 08, 2023
Anchor Lockin End date 1	Jan 03, 2024	Jan 06, 2024
Anchor Lockin End date 2	Mar 03, 2024	Mar 06, 2024

Financials

AMIC Forging IPO P/E ratio is 1.01, as compared to Net Avenue Technologies IPO P/E ratio of 8.57.

AMIC Forging IPO

Net Avenue Technologies IPO

Financial

AMIC Forging Limited Financial Information (Restated Consolidated)

AMIC Forging Limited's revenue increased by 63.65% and profit after tax (PAT) rose by 1031.78% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,367.84	6,107.99	3,163.87	1,622.07
Revenue	2,979.32	11,683.01	7,138.82	2,643.37
Profit After Tax	359.94	980.01	86.59	56.27
Net Worth	2,338.43	1,983.75	767.28	680.69
Reserves and Surplus	2,252.58	1,897.90	696.21	609.62
Total Borrowing	287.37	385.17	1,071.32	436.50
Amount in ₹ Lakhs

Net Avenue Technologies Limited Financial Information (Restated Consolidated)

Net Avenue Technologies Limited's revenue increased by 5.34% and profit after tax (PAT) dropped by -32.55% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,317.92	1,419.90	1,295.26	769.85
Revenue	783.89	3,451.26	3,276.16	1,447.54
Profit After Tax	94.39	176.40	261.51	23.11
Net Worth	328.70	233.54	42.57	-228.37
Reserves and Surplus	306.57	211.41	20.44	-250.50
Total Borrowing	292.69	276.06	84.24	191.07
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

78.38%

45.31%

Promoter Shareholding (Post-Issue)

57.74%

33.28%

P/E Ratio

1.01

8.57

Market Cap

₹132.15 Cr.

₹38.62 Cr.

ROE

71.25%%

127.77%%

ROCE

55.78%%

5.28%%

Debt/Equity

0.26

1.18

EPS

₹12.83

₹2.10

RoNW

49.40%%

75.53%%

Shares Offered

In the AMIC Forging IPO retail investors (RII) are offered 9,19,000 shares while in Net Avenue Technologies IPO retail investors are offered 9,19,000 shares. Qualified institutional buyers (QIB) are offered 5,24,000 shares in AMIC Forging IPO and 10,80,000 shares in Net Avenue Technologies IPO.

	AMIC Forging IPO	Net Avenue Technologies IPO
Anchor Investor Reserveration	7,86,000 shares	16,16,000 shares
Market Maker Reserveration	1,39,000 shares	2,88,000 shares
QIB	5,24,000 shares	10,80,000 shares
NII	3,94,000 shares	8,16,000 shares
RII	9,19,000 shares	18,96,000 shares
Employee	0 shares	0 shares
Others
Total	18,37,000 shares	37,92,000 shares

Bids Received (Subscription)

AMIC Forging IPO subscribed 289.05x in total, whereas Net Avenue Technologies IPO subscribed 511.21x.

	AMIC Forging IPO	Net Avenue Technologies IPO
QIB (times)	91.43x	61.99x
NII (times)	589.27x	616.25x
Big NII (times)
Small NII (times)
RII (times)	273.01x	721.89x
Employee (times)
Other (times)
Total (times)	289.05x	511.21x

Compare with others

AMIC Forging IPO	Net Avenue Technologies IPO
S J Logistics IPO	Accent Microcell IPO
Accent Microcell IPO	Marinetrans India IPO
Marinetrans India IPO	Shanti Spintex IPO
Shanti Spintex IPO	Graphisads IPO
Graphisads IPO	AMIC Forging IPO
Net Avenue Technologies IPO	Deepak Chemtex IPO
Deepak Chemtex IPO	Swashthik Plascon IPO
Swashthik Plascon IPO	Rockingdeals Circular Economy IPO
Rockingdeals Circular Economy IPO	Arrowhead Seperation Engineering IPO
Arrowhead Seperation Engineering IPO	Kalyani Cast Tech IPO

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