Aztec Fluids & Machinery IPO vs Indian Emulsifier IPO

Comparision between Aztec Fluids & Machinery IPO and Indian Emulsifier IPO.

IPO Details

Aztec Fluids & Machinery IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Indian Emulsifier IPO is a SME Book Built Issue proposed to list at NSE SME.

	Aztec Fluids & Machinery IPO	Indian Emulsifier 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	Hem Securities Limited	Ekadrisht Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Maashitla Securities Private Limited
Market Maker	Hem Finlease Private Limited	Ss Corporate Securities 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 Aztec Fluids & Machinery IPO is up to ₹24.12 Cr whereas the issue size of the Indian Emulsifier IPO is up to ₹42.39 Cr. The final issue price of Aztec Fluids & Machinery IPO is ₹67.00 per share and of Indian Emulsifier IPO is ₹132.00 per share.

	Aztec Fluids & Machinery IPO	Indian Emulsifier IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share	₹125.00 per share
Issue Price (Upper)	₹67.00 per share	₹132.00 per share
Issue Price (Final)	₹67.00 per share	₹132.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1000 shares
Fresh Issue Size	36,00,000 shares	32,11,000 shares
Fresh Issue Size (Amount)	up to ₹24.12 Cr	up to ₹42.39 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	36,00,000 shares	32,11,000 shares
Issue Size Total (Amount)	up to ₹24.12 Cr	up to ₹42.39 Cr

IPO Timetable

Aztec Fluids & Machinery IPO opens on May 10, 2024, while Indian Emulsifier IPO opens on May 13, 2024. The closing date of Aztec Fluids & Machinery IPO and Indian Emulsifier IPO is May 14, 2024, and May 16, 2024, respectively.

	Aztec Fluids & Machinery IPO	Indian Emulsifier IPO
Anchor Bid Date	May 09, 2024	May 10, 2024
Issue Open	May 10, 2024	May 13, 2024
Issue Close	May 14, 2024	May 16, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 17, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 21, 2024
Credit of Share (Tentative)	May 16, 2024	May 21, 2024
Listing date (Tentative)	May 17, 2024	May 22, 2024
Anchor Lockin End date 1	Jun 14, 2024	Jun 16, 2024
Anchor Lockin End date 2	Aug 13, 2024	Aug 15, 2024

Financials

Aztec Fluids & Machinery IPO P/E ratio is 20.47, as compared to Indian Emulsifier IPO P/E ratio of 30.54.

Aztec Fluids & Machinery IPO

Indian Emulsifier IPO

Financial

Aztec Fluids & Machinery Limited Financial Information (Restated)

Aztec Fluids & Machinery Limited's revenue increased by 17.46% and profit after tax (PAT) rose by 5.18% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,287.00	3,090.06	2,707.75	2,112.81
Revenue	5,182.38	5,452.97	4,642.56	3,467.75
Profit After Tax	450.74	327.38	311.25	246.28
Net Worth	1,986.34	1,535.60	1,238.56	958.92
Reserves and Surplus	986.34	1,335.60	1,237.56	957.92
Total Borrowing	565.95	562.31	552.40	514.34
Amount in ₹ Lakhs

Indian Emulsifier Limited Financial Information (Restated Standalone)

Indian Emulsifier Limited's revenue increased by 132.9% and profit after tax (PAT) rose by 8935.73% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,176.63	3,432.26	1,910.22	59.72
Revenue	4,870.16	4,118.35	1,768.31
Profit After Tax	675.01	389.44	4.31	-0.37
Net Worth	2,636.35	1,204.35	814.94	0.63
Reserves and Surplus	1,735.22	393.34	3.93	-0.37
Total Borrowing	2,244.45	2,030.44	1,068.54	58.91
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

65.25%

Promoter Shareholding (Post-Issue)

48.11%

P/E Ratio

20.47

30.54

Market Cap

₹91.12 Cr.

₹161.33 Cr.

ROE

25.60%%

25.61%%

ROCE

25.38%%

38.03%%

Debt/Equity

0.28

0.51

EPS

₹3.27

₹4.32

RoNW

22.69%%

25.60%%

Shares Offered

In the Aztec Fluids & Machinery IPO retail investors (RII) are offered 11,98,000 shares while in Indian Emulsifier IPO retail investors are offered 11,98,000 shares. Qualified institutional buyers (QIB) are offered 6,84,000 shares in Aztec Fluids & Machinery IPO and 6,10,000 shares in Indian Emulsifier IPO.

	Aztec Fluids & Machinery IPO	Indian Emulsifier IPO
Anchor Investor Reserveration	10,22,000 shares	9,10,000 shares
Market Maker Reserveration	1,82,000 shares	1,61,000 shares
QIB	6,84,000 shares	6,10,000 shares
NII	5,14,000 shares	4,60,000 shares
RII	11,98,000 shares	10,70,000 shares
Employee	0 shares	0 shares
Others
Total	23,96,000 shares	21,40,000 shares

Bids Received (Subscription)

Aztec Fluids & Machinery IPO subscribed 218.38x in total, whereas Indian Emulsifier IPO subscribed 460.07x.

	Aztec Fluids & Machinery IPO	Indian Emulsifier IPO
QIB (times)	107.93x	175.95x
NII (times)	341.94x	779.63x
Big NII (times)
Small NII (times)
RII (times)	228.43x	484.66x
Employee (times)
Other (times)
Total (times)	218.38x	460.07x

Compare with others

Aztec Fluids & Machinery IPO	Indian Emulsifier IPO
Rulka Electricals IPO	Hariom Atta & Spices IPO
Quest Laboratories IPO	Rulka Electricals IPO
Piotex Industries IPO	Quest Laboratories IPO
Veritaas Advertising IPO	Piotex Industries IPO
Indian Emulsifier IPO	Veritaas Advertising IPO
Premier Roadlines IPO	Aztec Fluids & Machinery IPO
Silkflex Polymers IPO	Premier Roadlines IPO
Energy Mission Machineries IPO	Silkflex Polymers IPO
TGIF Agribusiness IPO	Energy Mission Machineries IPO
Refractory Shapes IPO	TGIF Agribusiness IPO

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