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Ashapura Logistics IPO vs Esprit Stones IPO

Comparision between Ashapura Logistics IPO and Esprit Stones IPO.

IPO Details

Ashapura Logistics IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Esprit Stones IPO is a SME Book Built Issue proposed to list at NSE SME.

  Ashapura Logistics IPO Esprit Stones IPO
Logo Ashapura Logistics IPO Logo Esprit Stones IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Book Built Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Beeline Capital Advisors Pvt Ltd Choice Capital Advisors Pvt Ltd

Srujan Alpha Capital Advisors Llp
Registrar Kfin Technologies Limited Link Intime India Private Ltd
Market Maker Spread X Securities Private Limited Choice Equity Broking Private 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 Ashapura Logistics IPO is up to ₹52.66 Cr whereas the issue size of the Esprit Stones IPO is up to ₹50.42 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Esprit Stones IPO is ₹87.00 per share.

  Ashapura Logistics IPO Esprit Stones IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹136.00 per share ₹82.00 per share
Issue Price (Upper) ₹144.00 per share ₹87.00 per share
Issue Price (Final) ₹144.00 per share ₹87.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 1000 shares 1600 shares
Fresh Issue Size 36,57,000 shares 57,95,200 shares
Fresh Issue Size (Amount) up to ₹52.66 Cr up to ₹50.42 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 36,57,000 shares 57,95,200 shares
Issue Size Total (Amount) up to ₹52.66 Cr up to ₹50.42 Cr

IPO Timetable

Ashapura Logistics IPO opens on Jul 30, 2024, while Esprit Stones IPO opens on Jul 26, 2024. The closing date of Ashapura Logistics IPO and Esprit Stones IPO is Aug 01, 2024, and Jul 30, 2024, respectively.

  Ashapura Logistics IPO Esprit Stones IPO
Anchor Bid Date Jul 29, 2024 Jul 25, 2024
Issue Open Jul 30, 2024 Jul 26, 2024
Issue Close Aug 01, 2024 Jul 30, 2024
Basis Of Allotment (Tentative) Aug 02, 2024 Jul 31, 2024
Initiation of Refunds (Tentative) Aug 05, 2024 Aug 01, 2024
Credit of Share (Tentative) Aug 05, 2024 Aug 01, 2024
Listing date (Tentative) Aug 06, 2024 Aug 02, 2024
Anchor Lockin End date 1 Sep 01, 2024 Aug 30, 2024
Anchor Lockin End date 2 Oct 31, 2024 Oct 29, 2024

Financials

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Esprit Stones IPO P/E ratio of 13.62.

  Ashapura Logistics IPO Esprit Stones IPO
Financial

Ashapura Logistics Limited Financial Information (Restated Consolidated)

Ashapura Logistics Limited's revenue decreased by -10.45% and profit after tax (PAT) rose by 30.46% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets12,644.8810,461.6611,568.76
Revenue19,934.5722,260.3122,713.84
Profit After Tax1,235.44946.98788.26
Net Worth6,532.314,796.603,852.04
Reserves and Surplus5,542.404,759.803,815.32
Total Borrowing12.909.878.17
Amount in ₹ Lakhs

Esprit Stones Limited Financial Information (Restated)

Esprit Stones Limited's revenue increased by 56.07% and profit after tax (PAT) rose by 190.04% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 202331 Mar 2022
Assets27,459.3523,802.2418,069.74
Revenue27,477.8217,606.5219,002.60
Profit After Tax1,031.73355.721,850.53
Net Worth7,238.806,227.815,893.32
Reserves and Surplus5,623.805,277.814,943.32
Total Borrowing12,541.9111,879.555,799.76
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 92.45% 100.00%
Promoter Shareholding (Post-Issue) 67.51%
P/E Ratio 11.54 13.62
Market Cap ₹195.21 Cr. ₹190.92 Cr.
ROE 21.82%%
ROCE 20.69%% 12.39%%
Debt/Equity 0.63 1.72
EPS ₹12.48 ₹6.39
RoNW 18.92%% 15.09%%

Shares Offered

In the Ashapura Logistics IPO retail investors (RII) are offered 12,16,000 shares while in Esprit Stones IPO retail investors are offered 12,16,000 shares. Qualified institutional buyers (QIB) are offered 6,96,000 shares in Ashapura Logistics IPO and 10,75,200 shares in Esprit Stones IPO.

  Ashapura Logistics IPO Esprit Stones IPO
Anchor Investor Reserveration 10,40,000 shares 16,12,800 shares
Market Maker Reserveration 1,83,000 shares 2,91,200 shares
QIB 6,96,000 shares 10,75,200 shares
NII 5,22,000 shares 8,06,400 shares
RII 12,16,000 shares 18,81,600 shares
Employee 0 shares 0 shares
Others
Total 24,34,000 shares 38,91,200 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Esprit Stones IPO subscribed 185.82x.

  Ashapura Logistics IPO Esprit Stones IPO
QIB (times) 128.23x 117.63x
NII (times) 289.33x 399.58x
Big NII (times)
Small NII (times)
RII (times) 174.21x 145.75x
Employee (times)
Other (times)
Total (times) 185.75x 185.82x

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