Ashapura Logistics IPO vs Kizi Apparels IPO

Comparision between Ashapura Logistics IPO and Kizi Apparels IPO.

IPO Details

Ashapura Logistics IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Kizi Apparels IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Ashapura Logistics IPO	Kizi Apparels IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Beeline Capital Advisors Pvt Ltd	Interactive Financial Services Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker	Spread X Securities Private Limited	Beeline Broking Ltd.
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 Ashapura Logistics IPO is up to ₹52.66 Cr whereas the issue size of the Kizi Apparels IPO is up to ₹5.58 Cr. The final issue price of Ashapura Logistics IPO is ₹144.00 per share and of Kizi Apparels IPO is ₹21.00 per share.

	Ashapura Logistics IPO	Kizi Apparels IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹136.00 per share
Issue Price (Upper)	₹144.00 per share
Issue Price (Final)	₹144.00 per share	₹21.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1000 shares	6000 shares
Fresh Issue Size	36,57,000 shares	26,58,000 shares
Fresh Issue Size (Amount)	up to ₹52.66 Cr	up to ₹5.58 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,57,000 shares	26,58,000 shares
Issue Size Total (Amount)	up to ₹52.66 Cr	up to ₹5.58 Cr

IPO Timetable

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

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

Financials

Ashapura Logistics IPO P/E ratio is 11.54, as compared to Kizi Apparels IPO P/E ratio of 15.01.

Ashapura Logistics IPO

Kizi Apparels 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 Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	12,644.88	10,461.66	11,568.76
Revenue	19,934.57	22,260.31	22,713.84
Profit After Tax	1,235.44	946.98	788.26
Net Worth	6,532.31	4,796.60	3,852.04
Reserves and Surplus	5,542.40	4,759.80	3,815.32
Total Borrowing	12.90	9.87	8.17
Amount in ₹ Lakhs

Kizi Apparels Limited Financial Information (Restated)

Kizi Apparels Limited's revenue increased by 30.84% and profit after tax (PAT) rose by 31.36% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,340.30	1,135.10	725.14
Revenue	2,027.37	1,549.50	539.17
Profit After Tax	72.21	54.97	20.64
Net Worth	587.49	394.86	336.95
Reserves and Surplus	71.37
Total Borrowing	514.61	310.96	242.73
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

92.45%

85.36%

Promoter Shareholding (Post-Issue)

67.51%

56.35%

P/E Ratio

11.54

15.01

Market Cap

₹195.21 Cr.

₹16.42 Cr.

ROE

21.82%%

15%%

ROCE

20.69%%

14%%

Debt/Equity

0.63

0.88

EPS

₹12.48

₹1.40

RoNW

18.92%%

12.29%%

Shares Offered

In the Ashapura Logistics IPO retail investors (RII) are offered 12,16,000 shares while in Kizi Apparels IPO retail investors are offered 12,16,000 shares. Qualified institutional buyers (QIB) are offered 6,96,000 shares in Ashapura Logistics IPO and 0 shares in Kizi Apparels IPO.

	Ashapura Logistics IPO	Kizi Apparels IPO
Anchor Investor Reserveration	10,40,000 shares
Market Maker Reserveration	1,83,000 shares	1,38,000 shares
QIB	6,96,000 shares	0 shares
NII	5,22,000 shares	12,60,000 shares
RII	12,16,000 shares	12,60,000 shares
Employee	0 shares	0 shares
Others
Total	24,34,000 shares	25,20,000 shares

Bids Received (Subscription)

Ashapura Logistics IPO subscribed 185.75x in total, whereas Kizi Apparels IPO subscribed 115.60x.

	Ashapura Logistics IPO	Kizi Apparels IPO
QIB (times)	128.23x
NII (times)	289.33x	89.58x
Big NII (times)
Small NII (times)
RII (times)	174.21x	139.62x
Employee (times)
Other (times)
Total (times)	185.75x	115.60x

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