Avi Ansh Textile IPO vs Divyadhan Recycling Industries IPO

Comparision between Avi Ansh Textile IPO and Divyadhan Recycling Industries IPO.

IPO Details

Avi Ansh Textile IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Divyadhan Recycling Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Avi Ansh Textile IPO	Divyadhan Recycling Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	3Dimension Capital Services Limited	Narnolia Financial Services Ltd
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Nikunj Stock Brokers Limited	Kantilal Chhaganlal Securities Private Limited
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 Avi Ansh Textile IPO is up to ₹25.99 Cr whereas the issue size of the Divyadhan Recycling Industries IPO is up to ₹24.17 Cr. The final issue price of Avi Ansh Textile IPO is ₹62.00 per share and of Divyadhan Recycling Industries IPO is ₹64.00 per share.

	Avi Ansh Textile IPO	Divyadhan Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹60.00 per share
Issue Price (Upper)		₹64.00 per share
Issue Price (Final)	₹62.00 per share	₹64.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	41,92,000 shares	37,76,000 shares
Fresh Issue Size (Amount)	up to ₹25.99 Cr	up to ₹24.17 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	41,92,000 shares	37,76,000 shares
Issue Size Total (Amount)	up to ₹25.99 Cr	up to ₹24.17 Cr

IPO Timetable

Avi Ansh Textile IPO opens on Sep 20, 2024, while Divyadhan Recycling Industries IPO opens on Sep 26, 2024. The closing date of Avi Ansh Textile IPO and Divyadhan Recycling Industries IPO is Sep 24, 2024, and Sep 30, 2024, respectively.

	Avi Ansh Textile IPO	Divyadhan Recycling Industries IPO
Anchor Bid Date		Sep 25, 2024
Issue Open	Sep 20, 2024	Sep 26, 2024
Issue Close	Sep 24, 2024	Sep 30, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Oct 01, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Oct 03, 2024
Credit of Share (Tentative)	Sep 26, 2024	Oct 03, 2024
Listing date (Tentative)	Sep 27, 2024	Oct 04, 2024
Anchor Lockin End date 1		Nov 03, 2024
Anchor Lockin End date 2		Jan 03, 2025

Financials

Avi Ansh Textile IPO P/E ratio is 18.31, as compared to Divyadhan Recycling Industries IPO P/E ratio of 28.34.

Avi Ansh Textile IPO

Divyadhan Recycling Industries IPO

Financial

Avi Ansh Textile Limited Financial Information (Restated)

Avi Ansh Textile Limited's revenue increased by 17% and profit after tax (PAT) rose by 1053% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,522.64	4,692.35	4,336.85	4,694.81
Revenue	14,214.65	12,149.57	12,016.76	7,264.3
Profit After Tax	331.35	28.74	155.55	68.2
Net Worth	1,587.22	1,256.74	1,229.62	1,076.34
Reserves and Surplus	608.73	278.25	251.13	97.85
Total Borrowing	4,481.21	3,193.46	2,659.87	3,375.46
Amount in ₹ Lakhs

Divyadhan Recycling Industries Limited Financial Information (Restated)

Divyadhan Recycling Industries Limited's revenue increased by 2% and profit after tax (PAT) rose by 10% 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	2,412.11	1,938.64	1,767.74
Revenue	5,912.88	5,815.51	5,981.52
Profit After Tax	237.8	216.18	52.91
Net Worth	1,291.03	853.23	637.05
Reserves and Surplus	764.49	353.23	137.05
Total Borrowing	606.64	545.55	799.76
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.67%

94.06%

Promoter Shareholding (Post-Issue)

66.98%

69.24%

P/E Ratio

18.31

28.34

Market Cap

₹86.67 Cr.

₹91.56 Cr.

ROE

20.88%%

18.42%%

ROCE

15.88%%

20.76%%

Debt/Equity

2.82

0.47

EPS

₹3.39

₹2.26

RoNW

20.88%%

18.42%%

Shares Offered

In the Avi Ansh Textile IPO retail investors (RII) are offered 19,89,835 shares while in Divyadhan Recycling Industries IPO retail investors are offered 19,89,835 shares. Qualified institutional buyers (QIB) are offered 0 shares in Avi Ansh Textile IPO and 7,16,000 shares in Divyadhan Recycling Industries IPO.

	Avi Ansh Textile IPO	Divyadhan Recycling Industries IPO
Anchor Investor Reserveration		10,70,000 shares
Market Maker Reserveration	2,12,000 shares	2,00,000 shares
QIB	0 shares	7,16,000 shares
NII	19,91,706 shares	5,38,000 shares
RII	19,89,835 shares	12,52,000 shares
Employee	0 shares	0 shares
Others
Total	39,81,542 shares	25,06,000 shares

Bids Received (Subscription)

Avi Ansh Textile IPO subscribed 8.32x in total, whereas Divyadhan Recycling Industries IPO subscribed 40.93x.

	Avi Ansh Textile IPO	Divyadhan Recycling Industries IPO
QIB (times)		29.39x
NII (times)	5.25x	76.03x
Big NII (times)
Small NII (times)
RII (times)	11.38x	32.43x
Employee (times)
Other (times)
Total (times)	8.32x	40.93x

Compare with others

Avi Ansh Textile IPO	Divyadhan Recycling Industries IPO
Thinking Hats Entertainment Solutions IPO	Sahasra Electronics Solutions IPO
Unilex Colours and Chemicals IPO	Saj Hotels IPO
TechEra Engineering IPO	Thinking Hats Entertainment Solutions IPO
Divyadhan Recycling Industries IPO	Unilex Colours and Chemicals IPO
Kalana Ispat IPO	TechEra Engineering IPO
Rappid Valves (India) IPO	Kalana Ispat IPO
Phoenix Overseas IPO	Avi Ansh Textile IPO
WOL 3D IPO	Rappid Valves (India) IPO
SD Retail IPO	Phoenix Overseas IPO
BikeWo GreenTech IPO	WOL 3D IPO

Comments

Add a public comment...