Aztec Fluids & Machinery IPO vs Rulka Electricals IPO

Comparision between Aztec Fluids & Machinery IPO and Rulka Electricals IPO.

IPO Details

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

	Aztec Fluids & Machinery IPO	Rulka Electricals 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	Beeline Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	Sunflower 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 Aztec Fluids & Machinery IPO is up to ₹24.12 Cr whereas the issue size of the Rulka Electricals IPO is up to ₹26.40 Cr. The final issue price of Aztec Fluids & Machinery IPO is ₹67.00 per share and of Rulka Electricals IPO is ₹235.00 per share.

	Aztec Fluids & Machinery IPO	Rulka Electricals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹63.00 per share	₹223.00 per share
Issue Price (Upper)	₹67.00 per share	₹235.00 per share
Issue Price (Final)	₹67.00 per share	₹235.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	600 shares
Fresh Issue Size	36,00,000 shares	8,42,400 shares
Fresh Issue Size (Amount)	up to ₹24.12 Cr	up to ₹19.80 Cr
OFS Issue Size		2,80,800 shares
OFS Issue Size (Amount)		up to ₹6.60 Cr
Issue Size Total	36,00,000 shares	11,23,200 shares
Issue Size Total (Amount)	up to ₹24.12 Cr	up to ₹26.40 Cr

IPO Timetable

Aztec Fluids & Machinery IPO opens on May 10, 2024, while Rulka Electricals IPO opens on May 16, 2024. The closing date of Aztec Fluids & Machinery IPO and Rulka Electricals IPO is May 14, 2024, and May 21, 2024, respectively.

	Aztec Fluids & Machinery IPO	Rulka Electricals IPO
Anchor Bid Date	May 09, 2024	May 15, 2024
Issue Open	May 10, 2024	May 16, 2024
Issue Close	May 14, 2024	May 21, 2024
Basis Of Allotment (Tentative)	May 15, 2024	May 22, 2024
Initiation of Refunds (Tentative)	May 16, 2024	May 23, 2024
Credit of Share (Tentative)	May 16, 2024	May 23, 2024
Listing date (Tentative)	May 17, 2024	May 24, 2024
Anchor Lockin End date 1	Jun 14, 2024	Jun 21, 2024
Anchor Lockin End date 2	Aug 13, 2024	Aug 20, 2024

Financials

Aztec Fluids & Machinery IPO P/E ratio is 20.47, as compared to Rulka Electricals IPO P/E ratio of 28.62.

Aztec Fluids & Machinery IPO

Rulka Electricals 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

Rulka Electricals Limited Financial Information (Restated Standalone)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,082.09	2,826.95	1,919.04	982.41
Revenue	6,527.77	4,689.78	3,627.41	1,960.11
Profit After Tax	565.77	280.52	112.08	53.72
Net Worth	1,290.15	557.33	276.82	164.74
Reserves and Surplus	948.55	546.33	265.82	153.74
Total Borrowing	1,104.89	527.07	281.46	230.99
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

86.28%

Promoter Shareholding (Post-Issue)

69.22%

P/E Ratio

20.47

28.62

Market Cap

₹91.12 Cr.

₹100.07 Cr.

ROE

25.60%%

61.25%%

ROCE

25.38%%

33.67%%

Debt/Equity

0.28

2.16

EPS

₹3.27

₹8.21

RoNW

22.69%%

43.85%%

Shares Offered

In the Aztec Fluids & Machinery IPO retail investors (RII) are offered 11,98,000 shares while in Rulka Electricals 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 2,13,600 shares in Rulka Electricals IPO.

	Aztec Fluids & Machinery IPO	Rulka Electricals IPO
Anchor Investor Reserveration	10,22,000 shares	3,19,200 shares
Market Maker Reserveration	1,82,000 shares	56,400 shares
QIB	6,84,000 shares	2,13,600 shares
NII	5,14,000 shares	1,60,200 shares
RII	11,98,000 shares	3,73,800 shares
Employee	0 shares	0 shares
Others
Total	23,96,000 shares	7,47,600 shares

Bids Received (Subscription)

Aztec Fluids & Machinery IPO subscribed 218.38x in total, whereas Rulka Electricals IPO subscribed 676.83x.

	Aztec Fluids & Machinery IPO	Rulka Electricals IPO
QIB (times)	107.93x	204.22x
NII (times)	341.94x	1,350.15x
Big NII (times)
Small NII (times)
RII (times)	228.43x	658.32x
Employee (times)
Other (times)
Total (times)	218.38x	676.83x

Compare with others

Aztec Fluids & Machinery IPO	Rulka Electricals IPO
Rulka Electricals IPO	Aimtron Electronics IPO
Quest Laboratories IPO	Beacon Trusteeship IPO
Piotex Industries IPO	GSM Foils IPO
Veritaas Advertising IPO	Vilas Transcore IPO
Indian Emulsifier IPO	Hariom Atta & Spices IPO
Premier Roadlines IPO	Quest Laboratories IPO
Silkflex Polymers IPO	Piotex Industries IPO
Energy Mission Machineries IPO	Veritaas Advertising IPO
TGIF Agribusiness IPO	Indian Emulsifier IPO
Refractory Shapes IPO	Aztec Fluids & Machinery IPO

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