Baheti Recycling Industries IPO vs Droneacharya Aerial Innovations IPO

Comparision between Baheti Recycling Industries IPO and Droneacharya Aerial Innovations IPO.

IPO Details

Baheti Recycling Industries IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Droneacharya Aerial Innovations IPO is a SME Book Built Issue proposed to list at BSE SME.

	Baheti Recycling Industries IPO	Droneacharya Aerial Innovations IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities Limited	Corporate Capitalventures Pvt Ltd
Registrar	Purva Sharegistry India Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Hem Finlease Private Limited	R.K.Stock Holding 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 Baheti Recycling Industries IPO is up to ₹12.42 Cr whereas the issue size of the Droneacharya Aerial Innovations IPO is up to ₹33.97 Cr. The final issue price of Baheti Recycling Industries IPO is ₹45.00 per share and of Droneacharya Aerial Innovations IPO is ₹54.00 per share.

	Baheti Recycling Industries IPO	Droneacharya Aerial Innovations IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹52.00 per share
Issue Price (Upper)		₹54.00 per share
Issue Price (Final)	₹45.00 per share	₹54.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	3000 shares	2000 shares
Fresh Issue Size	27,60,000 shares	62,90,000 shares
Fresh Issue Size (Amount)	up to ₹12.42 Cr	up to ₹33.97 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,60,000 shares	62,90,000 shares
Issue Size Total (Amount)	up to ₹12.42 Cr	up to ₹33.97 Cr

IPO Timetable

Baheti Recycling Industries IPO opens on Nov 28, 2022, while Droneacharya Aerial Innovations IPO opens on Dec 13, 2022. The closing date of Baheti Recycling Industries IPO and Droneacharya Aerial Innovations IPO is Nov 30, 2022, and Dec 15, 2022, respectively.

	Baheti Recycling Industries IPO	Droneacharya Aerial Innovations IPO
Anchor Bid Date		Dec 12, 2022
Issue Open	Nov 28, 2022	Dec 13, 2022
Issue Close	Nov 30, 2022	Dec 15, 2022
Basis Of Allotment (Tentative)	Dec 05, 2022	Dec 20, 2022
Initiation of Refunds (Tentative)	Dec 06, 2022	Dec 21, 2022
Credit of Share (Tentative)	Dec 07, 2022	Dec 22, 2022
Listing date (Tentative)	Dec 08, 2022	Dec 23, 2022
Anchor Lockin End date 1	Jan 04, 2023	Jan 19, 2023
Anchor Lockin End date 2	Mar 05, 2023	Mar 20, 2023

Financials

Baheti Recycling Industries IPO P/E ratio is 13.55, as compared to Droneacharya Aerial Innovations IPO P/E ratio of 45.

Baheti Recycling Industries IPO

Droneacharya Aerial Innovations IPO

Financial

Baheti Recycling Industries Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4535.09	10595.84	19.19	1033.23	658	3118.89
31-Mar-21	6301	12780.02	47.78	1081.02	706.02	3789.61
31-Mar-22	8190.39	24926.06	291.98	1669.51	1213	5074.81
31-May-22	7939.48	5757	57.36	1726.87	1270.36	4536.31
Amount in ₹ Lakhs

Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2.51	0	-2.3	0.91	0.82
31-Mar-21	119.13	1	-14.89	104.08	1.27
31-Mar-22	1546.52	358.74	40.65	1447.77	46.25
30-Jun-22	3402.62	308.96	72.06	3357.77	1.02
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

99.98%

38.23%

Promoter Shareholding (Post-Issue)

73.37%

28.21%

P/E Ratio

13.55

Market Cap

₹46.66 Cr.

₹129.54 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Baheti Recycling Industries IPO retail investors (RII) are offered 13,08,000 shares while in Droneacharya Aerial Innovations IPO retail investors are offered 13,08,000 shares. Qualified institutional buyers (QIB) are offered in Baheti Recycling Industries IPO and 11,94,000 shares in Droneacharya Aerial Innovations IPO.

	Baheti Recycling Industries IPO	Droneacharya Aerial Innovations IPO
Anchor Investor Reserveration		23,28,000 shares
Market Maker Reserveration	1,47,000 shares	3,16,000 shares
QIB		11,94,000 shares
NII	13,05,000 shares	12,14,000 shares
RII	13,08,000 shares	20,92,000 shares
Employee
Others
Total	26,13,000 shares	45,00,000 shares

Bids Received (Subscription)

Baheti Recycling Industries IPO subscribed 347.53x in total, whereas Droneacharya Aerial Innovations IPO subscribed 243.70x.

	Baheti Recycling Industries IPO	Droneacharya Aerial Innovations IPO
QIB (times)		46.21x
NII (times)	259.21x	287.80x
Big NII (times)
Small NII (times)
RII (times)	435.65x	330.82x
Employee (times)
Other (times)
Total (times)	347.53x	243.70x

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