Divine Power IPO vs The Money Fair IPO

Comparision between Divine Power IPO and The Money Fair IPO.

IPO Details

Divine Power IPO is a SME Book Built Issue IPO proposed to list at NSE SME while The Money Fair IPO is a SME Book Built Issue proposed to list at NSE SME.

	Divine Power IPO	The Money Fair 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	Khambatta Securities Limited	Fast Track Finsec Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers 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 Divine Power IPO is up to ₹22.76 Cr whereas the issue size of the The Money Fair IPO is up to ₹23.11 Cr. The final issue price of Divine Power IPO is ₹40.00 per share and of The Money Fair IPO is ₹77.00 per share.

	Divine Power IPO	The Money Fair IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹36.00 per share	₹73.00 per share
Issue Price (Upper)	₹40.00 per share	₹77.00 per share
Issue Price (Final)	₹40.00 per share	₹77.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	1600 shares
Fresh Issue Size	56,90,000 shares	30,01,600 shares
Fresh Issue Size (Amount)	up to ₹22.76 Cr	up to ₹23.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	56,90,000 shares	30,01,600 shares
Issue Size Total (Amount)	up to ₹22.76 Cr	up to ₹23.11 Cr

IPO Timetable

Divine Power IPO opens on Jun 25, 2024, while The Money Fair IPO opens on Jun 25, 2024. The closing date of Divine Power IPO and The Money Fair IPO is Jun 27, 2024, and Jun 27, 2024, respectively.

	Divine Power IPO	The Money Fair IPO
Anchor Bid Date	Jun 24, 2024	Jun 24, 2024
Issue Open	Jun 25, 2024	Jun 25, 2024
Issue Close	Jun 27, 2024	Jun 27, 2024
Basis Of Allotment (Tentative)	Jun 28, 2024	Jul 01, 2024
Initiation of Refunds (Tentative)	Jul 01, 2024	Jul 01, 2024
Credit of Share (Tentative)	Jul 01, 2024	Jul 01, 2024
Listing date (Tentative)	Jul 02, 2024	Jul 02, 2024
Anchor Lockin End date 1	Jul 28, 2024	Jul 31, 2024
Anchor Lockin End date 2	Sep 26, 2024	Sep 29, 2024

Financials

Divine Power IPO P/E ratio is 9.85, as compared to The Money Fair IPO P/E ratio of 13.2.

Divine Power IPO

The Money Fair IPO

Financial

Divine Power Energy Limited Financial Information (Restated)

Divine Power Energy Limited's revenue increased by 47.65% and profit after tax (PAT) rose by 124.82% 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	8,889.24	7,253.31	6,276.46
Revenue	22,272.00	15,084.20	12,290.38
Profit After Tax	640.59	284.94	80.51
Net Worth	2,556.53	1,915.94	1,246.00
Reserves and Surplus	978.62	338.03	1,231.72
Total Borrowing	5,785.44	4,763.84	4,466.34
Amount in ₹ Lakhs

Akiko Global Services Limited Financial Information (Restated)

Period Ended	31 Jan 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,794.91	1,130.87	405.67	234.88
Revenue	2,609.76	3,958.97	1,353.31	610.78
Profit After Tax	321.48	453.26	77.85	22.98
Net Worth	1,403.37	578.40	123.14	45.29
Reserves and Surplus	626.57	574.40	121.14	43.29
Total Borrowing	122.05	95.89	26.13	49.62
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100.00%

92.77%

Promoter Shareholding (Post-Issue)

66.91%

P/E Ratio

9.85

13.2

Market Cap

₹85.88 Cr.

₹82.93 Cr.

ROE

25.06%%

32.44%%

ROCE

16.25%%

29.23%%

Debt/Equity

2.26

0.09

EPS

₹4.06

₹5.83

RoNW

25.06%%

22.91%%

Shares Offered

In the Divine Power IPO retail investors (RII) are offered 21,11,978 shares while in The Money Fair IPO retail investors are offered 21,11,978 shares. Qualified institutional buyers (QIB) are offered 12,17,110 shares in Divine Power IPO and 6,54,400 shares in The Money Fair IPO.

	Divine Power IPO	The Money Fair IPO
Anchor Investor Reserveration	16,20,000 shares	8,54,400 shares
Market Maker Reserveration	2,88,000 shares	1,50,400 shares
QIB	12,17,110 shares	6,54,400 shares
NII	9,05,134 shares	4,28,800 shares
RII	21,11,978 shares	9,98,400 shares
Employee	0 shares	0 shares
Others
Total	42,34,222 shares	20,81,600 shares

Bids Received (Subscription)

Divine Power IPO subscribed 393.67x in total, whereas The Money Fair IPO subscribed 34.96x.

	Divine Power IPO	The Money Fair IPO
QIB (times)	135.84x	10.21x
NII (times)	473.74x	48.05x
Big NII (times)
Small NII (times)
RII (times)	507.94x	45.57x
Employee (times)
Other (times)
Total (times)	393.67x	34.96x

Compare with others

Divine Power IPO	The Money Fair IPO
Visaman Global Sales IPO	Mason Infratech IPO
Mason Infratech IPO	Petro Carbon and Chemicals IPO
Petro Carbon and Chemicals IPO	Sylvan Plyboard IPO
Sylvan Plyboard IPO	Shivalic Power Control IPO
Shivalic Power Control IPO	Divine Power IPO
The Money Fair IPO	Winny Immigration IPO
Winny Immigration IPO	Medicamen Organics IPO
Medicamen Organics IPO	EnNutrica IPO
EnNutrica IPO	Falcon Technoprojects India IPO
Falcon Technoprojects India IPO	Durlax Top Surface IPO

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