AIK Pipes And Polymers IPO vs Electro Force India IPO

Comparision between AIK Pipes And Polymers IPO and Electro Force India IPO.

IPO Details

AIK Pipes And Polymers IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Electro Force India IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	AIK Pipes And Polymers IPO	Electro Force India IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Shreni Shares Limited	First Overseas Capital Limited
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	Shreni Shares Limited	Arham Shares Private Limited
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 AIK Pipes And Polymers IPO is up to ₹15.02 Cr whereas the issue size of the Electro Force India IPO is up to ₹80.68 Cr. The final issue price of AIK Pipes And Polymers IPO is ₹89.00 per share and of Electro Force India IPO is ₹93.00 per share.

	AIK Pipes And Polymers IPO	Electro Force India IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹89.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	1200 shares
Fresh Issue Size	16,88,000 shares	60,00,000 shares
Fresh Issue Size (Amount)	up to ₹15.02 Cr	up to ₹55.80 Cr
OFS Issue Size		26,74,800 shares
OFS Issue Size (Amount)		up to ₹24.88 Cr
Issue Size Total	16,88,000 shares	86,74,800 shares
Issue Size Total (Amount)	up to ₹15.02 Cr	up to ₹80.68 Cr

IPO Timetable

AIK Pipes And Polymers IPO opens on Dec 26, 2023, while Electro Force India IPO opens on Dec 19, 2023. The closing date of AIK Pipes And Polymers IPO and Electro Force India IPO is Dec 28, 2023, and Dec 21, 2023, respectively.

	AIK Pipes And Polymers IPO	Electro Force India IPO
Anchor Bid Date
Issue Open	Dec 26, 2023	Dec 19, 2023
Issue Close	Dec 28, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 29, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Jan 01, 2024	Dec 26, 2023
Credit of Share (Tentative)	Jan 01, 2024	Dec 26, 2023
Listing date (Tentative)	Jan 02, 2024	Dec 27, 2023
Anchor Lockin End date 1	Jan 28, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 28, 2024	Mar 21, 2024

Financials

AIK Pipes And Polymers IPO P/E ratio is 21.54, as compared to Electro Force India IPO P/E ratio of 20.22.

AIK Pipes And Polymers IPO

Electro Force India IPO

Financial

AIK Pipes And Polymers Limited Financial Information (Restated)

AIK Pipes And Polymers Limited's revenue increased by 47.21% and profit after tax (PAT) rose by 113.58% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,638.56	1,450.50	968.13	739.75
Revenue	1,400.42	3,077.92	2,090.84	1,020.54
Profit After Tax	101.97	187.74	87.90	26.99
Net Worth	662.47	560.50	202.76	84.86
Reserves and Surplus	194.97	433.00	132.76	44.86
Total Borrowing	429.91	538.09	432.17	382.88
Amount in ₹ Lakhs

Electro Force (India) Limited Financial Information (Restated)

Electro Force (India) Limited's revenue decreased by -12.04% and profit after tax (PAT) dropped by -7.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,827.00	7,231.51	4,783.37	1,719.96
Revenue	2,314.19	3,028.81	3,443.55	1,587.13
Profit After Tax	711.08	799.60	864.26	-223.69
Net Worth	2,546.41	1,835.33	1,035.73	171.47
Reserves and Surplus	806.41	95.33	535.73	-328.53
Total Borrowing
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

100%

100.00%

Promoter Shareholding (Post-Issue)

73.47%

62.93%

P/E Ratio

21.54

20.22

Market Cap

₹56.63 Cr.

₹217.62 Cr.

ROE

49.19%%

43.57%%

ROCE

17.90%%

58.23%%

Debt/Equity

0.96

EPS

₹4.13

₹4.60

RoNW

33.50%

43.57%%

Shares Offered

In the AIK Pipes And Polymers IPO retail investors (RII) are offered 8,01,600 shares while in Electro Force India IPO retail investors are offered 8,01,600 shares. Qualified institutional buyers (QIB) are offered 0 shares in AIK Pipes And Polymers IPO and 0 shares in Electro Force India IPO.

	AIK Pipes And Polymers IPO	Electro Force India IPO
Anchor Investor Reserveration
Market Maker Reserveration	84,800 shares	4,35,600 shares
QIB	0 shares	0 shares
NII	8,01,600 shares	41,19,600 shares
RII	8,01,600 shares	41,19,600 shares
Employee	0 shares	0 shares
Others
Total	16,03,200 shares	82,39,200 shares

Bids Received (Subscription)

AIK Pipes And Polymers IPO subscribed 43.57x in total, whereas Electro Force India IPO subscribed 4.28x.

	AIK Pipes And Polymers IPO	Electro Force India IPO
QIB (times)
NII (times)	52.17x	2.12x
Big NII (times)
Small NII (times)
RII (times)	30.93x	6.44x
Employee (times)
Other (times)
Total (times)	43.57x	4.28x

Compare with others

AIK Pipes And Polymers IPO	Electro Force India IPO
Akanksha Power and Infrastructure IPO	AIK Pipes And Polymers IPO
HRH Next Services IPO	Indifra IPO
MCPL IPO	Sameera Agro IPO
Kay Cee Energy & Infra IPO	Supreme Power Equipment IPO
Balaji Valve Components IPO	Sahara Maritime IPO
Indifra IPO	Trident Techlabs IPO
Sameera Agro IPO	Shree OSFM E-Mobility IPO
Supreme Power Equipment IPO	Siyaram Recycling IPO
Sahara Maritime IPO	Presstonic Engineering IPO
Electro Force India IPO	S J Logistics IPO

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