Aether Industries IPO vs DCX Systems IPO

Comparision between Aether Industries IPO and DCX Systems IPO.

IPO Details

Aether Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while DCX Systems IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aether Industries IPO	DCX Systems IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Hdfc Bank Limited Kotak Mahindra Capital Company Limited	Edelweiss Financial Services Ltd Axis Capital Limited Saffron Capital Advisors Private Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Aether Industries IPO is up to ₹808.04 Cr whereas the issue size of the DCX Systems IPO is up to ₹500.00 Cr. The final issue price of Aether Industries IPO is ₹642.00 per share and of DCX Systems IPO is ₹207.00 per share.

	Aether Industries IPO	DCX Systems IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹610.00 per share	₹197.00 per share
Issue Price (Upper)	₹642.00 per share	₹207.00 per share
Issue Price (Final)	₹642.00 per share	₹207.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	23 shares	72 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹627.00 Cr	up to ₹400.00 Cr
OFS Issue Size	28,20,000 shares
OFS Issue Size (Amount)	up to ₹181.04 Cr	up to ₹100.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹808.04 Cr	up to ₹500.00 Cr

IPO Timetable

Aether Industries IPO opens on May 24, 2022, while DCX Systems IPO opens on Oct 31, 2022. The closing date of Aether Industries IPO and DCX Systems IPO is May 26, 2022, and Nov 02, 2022, respectively.

	Aether Industries IPO	DCX Systems IPO
Anchor Bid Date
Issue Open	May 24, 2022	Oct 31, 2022
Issue Close	May 26, 2022	Nov 02, 2022
Basis Of Allotment (Tentative)	May 31, 2022	Nov 07, 2022
Initiation of Refunds (Tentative)	Jun 01, 2022	Nov 09, 2022
Credit of Share (Tentative)	Jun 02, 2022	Nov 10, 2022
Listing date (Tentative)	Jun 03, 2022	Nov 11, 2022
Anchor Lockin End date 1	Jun 30, 2022	Dec 07, 2022
Anchor Lockin End date 2	Aug 29, 2022	Feb 05, 2023

Financials

Aether Industries IPO P/E ratio is 72.3, as compared to DCX Systems IPO P/E ratio of 90.

Aether Industries IPO

DCX Systems IPO

Financial

Aether Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax
31-Mar-19	206.68	203.28	23.34
31-Mar-20	300.47	303.78	39.96
31-Mar-21	452.94	453.79	71.12
31-Dec-21	709.56	449.32	82.9
Amount in ₹ Crore

DCX Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	698.85	465.23	9.74	133.98
31-Mar-21	793.18	683.24	29.56	136.38
30-Jun-21	763.41	128.69	3.34	112.62
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.96%

98.20%

Promoter Shareholding (Post-Issue)

87.09%

73.58%

P/E Ratio

72.3

Market Cap

₹7991.79 Cr.

₹2002.18 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aether Industries IPO retail investors (RII) are offered 45,43,517 shares while in DCX Systems IPO retail investors are offered 45,43,517 shares. Qualified institutional buyers (QIB) are offered 27,48,241 shares in Aether Industries IPO and 81,65,969 shares in DCX Systems IPO.

	Aether Industries IPO	DCX Systems IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	27,48,241 shares	81,65,969 shares
NII	19,47,222 shares	38,07,106 shares
RII	45,43,517 shares	25,38,071 shares
Employee	1,17,213 shares	0 shares
Others
Total	93,56,193 shares	1,45,11,146 shares

Bids Received (Subscription)

Aether Industries IPO subscribed 6.26x in total, whereas DCX Systems IPO subscribed 69.79x.

	Aether Industries IPO	DCX Systems IPO
QIB (times)	17.57x	84.32x
NII (times)	2.52x	43.97x
Big NII (times)		45.44x
Small NII (times)		41.05x
RII (times)	1.14x	61.77x
Employee (times)	1.06x
Other (times)
Total (times)	6.26x	69.79x

Compare with others

Aether Industries IPO	DCX Systems IPO
DCX Systems IPO	Global Health IPO
Tamilnad Mercantile Bank IPO	Five Star Business Finance IPO
Harsha Engineers IPO	Uniparts India IPO
Dreamfolks Services IPO	Kaynes Technology IPO
Syrma IPO	Electronics Mart India IPO
eMudhra IPO	Tamilnad Mercantile Bank IPO
Paradeep Phosphates IPO	Harsha Engineers IPO
Prudent Corporate Advisory Services IPO	Dreamfolks Services IPO
Rainbow Children Medicare IPO	Syrma IPO
Campus Activewear IPO	Aether Industries IPO

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