Azad Engineering IPO vs EPACK Durable IPO

Comparision between Azad Engineering IPO and EPACK Durable IPO.

IPO Details

Azad Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while EPACK Durable IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Azad Engineering IPO	EPACK Durable IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the EPACK Durable IPO is up to ₹640.05 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of EPACK Durable IPO is ₹230.00 per share.

	Azad Engineering IPO	EPACK Durable IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹499.00 per share	₹218.00 per share
Issue Price (Upper)	₹524.00 per share	₹230.00 per share
Issue Price (Final)	₹524.00 per share	₹230.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	65 shares
Fresh Issue Size	45,80,153 shares	1,73,91,304 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹400.00 Cr
OFS Issue Size	95,41,985 shares	1,04,37,047 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹240.05 Cr
Issue Size Total	1,41,22,138 shares	2,78,28,351 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹640.05 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while EPACK Durable IPO opens on Jan 19, 2024. The closing date of Azad Engineering IPO and EPACK Durable IPO is Dec 22, 2023, and Jan 24, 2024, respectively.

	Azad Engineering IPO	EPACK Durable IPO
Anchor Bid Date	Dec 19, 2023	Jan 18, 2024
Issue Open	Dec 20, 2023	Jan 19, 2024
Issue Close	Dec 22, 2023	Jan 24, 2024
Basis Of Allotment (Tentative)	Dec 26, 2023	Jan 25, 2024
Initiation of Refunds (Tentative)	Dec 27, 2023	Jan 29, 2024
Credit of Share (Tentative)	Dec 27, 2023	Jan 29, 2024
Listing date (Tentative)	Dec 28, 2023	Jan 30, 2024
Anchor Lockin End date 1	Jan 25, 2024	Feb 24, 2024
Anchor Lockin End date 2	Mar 25, 2024	Apr 24, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to EPACK Durable IPO P/E ratio of 56.4.

Azad Engineering IPO

EPACK Durable IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% 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	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
Amount in ₹ Crore

EPACK Durable Limited Financial Information (Restated)

EPACK Durable Limited's revenue increased by 66.09% and profit after tax (PAT) rose by 83.39% 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	1,071.45	1,464.16	1,076.68	520.37
Revenue	616.32	1,540.25	927.34	739.66
Profit After Tax	2.65	31.97	17.43	7.80
Net Worth	478.31	313.62	121.87	68.91
Total Borrowing	369.57	492.45	383.98	238.56
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.61%

85.49%

Promoter Shareholding (Post-Issue)

56.38%

65.36%

P/E Ratio

292.74

56.4

Market Cap

₹3097.52 Cr.

₹2203.37 Cr.

ROE

4.2%%

14.68%%

ROCE

12.99%%

11.85%%

Debt/Equity

1.47

1.58

EPS

₹1.79

₹4.08

RoNW

4.23%%

14.68%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in EPACK Durable IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 55,65,670 shares in EPACK Durable IPO.

	Azad Engineering IPO	EPACK Durable IPO
Anchor Investor Reserveration	42,13,731 shares	83,48,504 shares
Market Maker Reserveration
QIB	28,09,155 shares	55,65,670 shares
NII	21,06,866 shares	41,74,253 shares
RII	49,16,021 shares	97,39,923 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	1,94,79,846 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas EPACK Durable IPO subscribed 16.79x.

	Azad Engineering IPO	EPACK Durable IPO
QIB (times)	179.64x	25.59x
NII (times)	90.24x	29.07x
Big NII (times)	93.30x	31.60x
Small NII (times)	84.12x	21.74x
RII (times)	24.51x	6.50x
Employee (times)
Other (times)
Total (times)	83.04x	16.79x

Compare with others

Azad Engineering IPO	EPACK Durable IPO
EPACK Durable IPO	Platinum Industries IPO
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Suraj Estate Developers IPO	Jyoti CNC Automation IPO
RBZ Jewellers IPO	Innova Captab IPO
Motisons Jewellers IPO	Azad Engineering IPO

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