AB Infrabuild IPO vs Earum IPO

Comparision between AB Infrabuild IPO and Earum IPO.

IPO Details

AB Infrabuild IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Earum IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	AB Infrabuild IPO	Earum IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Mark Corporate Advisors Private Limited	Hem Securities Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of AB Infrabuild IPO is up to ₹12.84 Cr whereas the issue size of the Earum IPO is up to ₹6.65 Cr. The final issue price of AB Infrabuild IPO is ₹29.00 per share and of Earum IPO is ₹36.00 per share.

	AB Infrabuild IPO	Earum IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹29.00 per share	₹36.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	4000 shares	3000 shares
Fresh Issue Size	44,28,000 shares
Fresh Issue Size (Amount)	up to ₹12.84 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	44,28,000 shares	18,48,000 shares
Issue Size Total (Amount)	up to ₹12.84 Cr	up to ₹6.65 Cr

IPO Timetable

AB Infrabuild IPO opens on Jun 28, 2019, while Earum IPO opens on Jun 21, 2019. The closing date of AB Infrabuild IPO and Earum IPO is Jul 03, 2019, and Jun 26, 2019, respectively.

	AB Infrabuild IPO	Earum IPO
Anchor Bid Date
Issue Open	Jun 28, 2019	Jun 21, 2019
Issue Close	Jul 03, 2019	Jun 26, 2019
Basis Of Allotment (Tentative)	Jul 09, 2019	Jul 01, 2019
Initiation of Refunds (Tentative)	Jul 10, 2019	Jul 02, 2019
Credit of Share (Tentative)	Jul 10, 2019	Jul 03, 2019
Listing date (Tentative)	Jul 12, 2019	Jul 04, 2019
Anchor Lockin End date 1	Aug 08, 2019	Jul 31, 2019
Anchor Lockin End date 2	Oct 07, 2019	Sep 29, 2019

Financials

AB Infrabuild IPO P/E ratio is , as compared to Earum IPO P/E ratio of .

AB Infrabuild IPO

Earum IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	7,965.00	8,142.61	7,502.92	6,264.89
Total Revenue	4,011.04	6,053.05	7,344.47	7,452.76
Profit After Tax	270.36	314.66	15.86	32.63

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Dec-18	31-Mar-18	31-Dec-17	31-Mar-16
Total Assets	2,741.00	2,052.88	1,108.45	878.71
Total Revenue	3,449.85	3,543.67	2,333.95	1,856.66
Profit After Tax	86.51	85.65	15.98	9.76

Promoter Shareholding (Pre-Issue)

90.99%

100%

Promoter Shareholding (Post-Issue)

59.19%

70.04%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the AB Infrabuild IPO retail investors (RII) are offered 21,04,000 shares while in Earum IPO retail investors are offered 21,04,000 shares. Qualified institutional buyers (QIB) are offered in AB Infrabuild IPO and in Earum IPO.

	AB Infrabuild IPO	Earum IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,24,000 shares	96,000 shares
QIB
NII	21,00,000 shares	8,76,000 shares
RII	21,04,000 shares	8,76,000 shares
Employee
Others
Total	42,04,000 shares	17,52,000 shares

Bids Received (Subscription)

AB Infrabuild IPO subscribed 0.97x in total, whereas Earum IPO subscribed 1.60x.

	AB Infrabuild IPO	Earum IPO
QIB (times)
NII (times)	1.20x	1.72x
Big NII (times)
Small NII (times)
RII (times)	0.74x	1.48x
Employee (times)
Other (times)
Total (times)	0.97x	1.60x

Compare with others

AB Infrabuild IPO	Earum IPO
Alphalogic IPO	Wonder Fibromats IPO
Shiv Aum IPO	City Pulse IPO
Wonder Fibromats IPO	SK International IPO
City Pulse IPO	AB Infrabuild IPO
SK International IPO	SBC Exports IPO
SBC Exports IPO	Parshva Enterprises IPO
Earum IPO	Anand Rayons IPO
Parshva Enterprises IPO	Meera Industries FPO
Anand Rayons IPO	Suich Industries IPO
Meera Industries FPO	Gensol Engineering IPO

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