Ascom Leasing IPO vs HindPrakash IPO

Comparision between Ascom Leasing IPO and HindPrakash IPO.

IPO Details

Ascom Leasing IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while HindPrakash IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Ascom Leasing IPO	HindPrakash IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fast Track Finsec Pvt Ltd	Hem Securities Limited
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt 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 Ascom Leasing IPO is up to ₹6.32 Cr whereas the issue size of the HindPrakash IPO is up to ₹11.52 Cr. The final issue price of Ascom Leasing IPO is ₹30.00 per share and of HindPrakash IPO is ₹40.00 per share.

	Ascom Leasing IPO	HindPrakash IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹30.00 per share	₹40.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	21,08,000 shares	28,80,000 shares
Issue Size Total (Amount)	up to ₹6.32 Cr	up to ₹11.52 Cr

IPO Timetable

Ascom Leasing IPO opens on Nov 26, 2019, while HindPrakash IPO opens on Jan 15, 2020. The closing date of Ascom Leasing IPO and HindPrakash IPO is Nov 28, 2019, and Jan 17, 2020, respectively.

	Ascom Leasing IPO	HindPrakash IPO
Anchor Bid Date
Issue Open	Nov 26, 2019	Jan 15, 2020
Issue Close	Nov 28, 2019	Jan 17, 2020
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)		Jan 23, 2020
Credit of Share (Tentative)		Jan 24, 2020
Listing date (Tentative)		Jan 27, 2020
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Ascom Leasing IPO P/E ratio is , as compared to HindPrakash IPO P/E ratio of 11.7.

Ascom Leasing IPO

HindPrakash IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakh)
	30-June-19	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	2,690.92	2,704.56	1,620.13	813.27	665.37
Total Revenue	261.77	914.29	624.28	366.31	97.15
Profit After Tax	196.85	345.36	444.16	48.57	4.36

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Lakh)
	30-Sept-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,793.36	4,813.53	3,116.38	3,467.16
Total Revenue	5063.80	9,799.48	8,747.58	8,611.78
Profit After Tax	177.81	283.42	231.91	214.26

Promoter Shareholding (Pre-Issue)

98.94%

100%

Promoter Shareholding (Post-Issue)

72.24%

72.37%

P/E Ratio

11.7

Market Cap

₹41.70 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Ascom Leasing IPO retail investors (RII) are offered 10,00,000 shares while in HindPrakash IPO retail investors are offered 10,00,000 shares. Qualified institutional buyers (QIB) are offered in Ascom Leasing IPO and in HindPrakash IPO.

	Ascom Leasing IPO	HindPrakash IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,08,000 shares	1,50,000 shares
QIB
NII	10,00,000 shares	13,65,000 shares
RII	10,00,000 shares	13,65,000 shares
Employee
Others
Total	20,00,000 shares	27,30,000 shares

Bids Received (Subscription)

Ascom Leasing IPO subscribed 1.47x in total, whereas HindPrakash IPO subscribed 2.16x.

	Ascom Leasing IPO	HindPrakash IPO
QIB (times)
NII (times)	1.92x	2.96x
Big NII (times)
Small NII (times)
RII (times)	1.03x	1.37x
Employee (times)
Other (times)
Total (times)	1.47x	2.16x

Compare with others

Ascom Leasing IPO	HindPrakash IPO
HindPrakash IPO	ICL Dairy IPO
Gian Lifecare IPO	CBC Pharma IPO
Vaxtex Cotfab IPO	Tranway IPO
Valencia IPO	Madhav Copper FPO
DC Infotech IPO	Janus IPO
Mangalam Global IPO	Gian Lifecare IPO
Anuroop IPO	Vaxtex Cotfab IPO
Sona Hi Sona IPO	Valencia IPO
Goblin IPO	DC Infotech IPO
Galactico IPO	Ascom Leasing IPO

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