ASK Automotive IPO vs Flair Writing IPO

Comparision between ASK Automotive IPO and Flair Writing IPO.

IPO Details

ASK Automotive IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Flair Writing IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ASK Automotive IPO	Flair Writing 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	Jm Financial Limited Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd	Nuvama Wealth Management Limited Axis Capital Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
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 ASK Automotive IPO is up to ₹834.00 Cr whereas the issue size of the Flair Writing IPO is up to ₹593.00 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of Flair Writing IPO is ₹304.00 per share.

	ASK Automotive IPO	Flair Writing IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹268.00 per share	₹288.00 per share
Issue Price (Upper)	₹282.00 per share	₹304.00 per share
Issue Price (Final)	₹282.00 per share	₹304.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	49 shares
Fresh Issue Size		96,05,263 shares
Fresh Issue Size (Amount)		up to ₹292.00 Cr
OFS Issue Size	2,95,71,390 shares	99,01,315 shares
OFS Issue Size (Amount)	up to ₹834.00 Cr	up to ₹301.00 Cr
Issue Size Total	2,95,71,390 shares	1,95,06,578 shares
Issue Size Total (Amount)	up to ₹834.00 Cr	up to ₹593.00 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while Flair Writing IPO opens on Nov 22, 2023. The closing date of ASK Automotive IPO and Flair Writing IPO is Nov 09, 2023, and Nov 24, 2023, respectively.

	ASK Automotive IPO	Flair Writing IPO
Anchor Bid Date	Nov 06, 2023	Nov 21, 2023
Issue Open	Nov 07, 2023	Nov 22, 2023
Issue Close	Nov 09, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Nov 29, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 30, 2023
Credit of Share (Tentative)	Nov 13, 2023	Nov 30, 2023
Listing date (Tentative)	Nov 15, 2023	Dec 01, 2023
Anchor Lockin End date 1	Dec 10, 2023	Dec 29, 2023
Anchor Lockin End date 2	Feb 08, 2024	Feb 27, 2024

Financials

ASK Automotive IPO P/E ratio is 45.63, as compared to Flair Writing IPO P/E ratio of 23.36.

ASK Automotive IPO

Flair Writing IPO

Financial

ASK Automotive Limited Financial Information (Restated Consolidated)

ASK Automotive Limited's revenue increased by 26.78% and profit after tax (PAT) rose by 48.75% 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	1,443.34	1,281.21	1,105.56	948.25
Revenue	657.55	2,566.28	2,024.26	1,567.77
Profit After Tax	34.83	122.95	82.66	106.20
Net Worth		643.77	631.91	622.23
Reserves and Surplus	639.03	604.34	591.73	581.54
Total Borrowing	268.03	231.82	119.78	54.02
Amount in ₹ Crore

Flair Writing Industries Limited Financial Information (Restated Consolidated)

Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% 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	765.04	684.18	557.49	480.66
Revenue	248.50	954.29	587.64	310.87
Profit After Tax	32.14	118.10	55.15	0.99
Net Worth	470.16	437.99	319.86	264.65
Reserves and Surplus	423.46	391.29	296.50	241.31
Total Borrowing	126.67	115.59	126.33	130.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

97.49%

Promoter Shareholding (Post-Issue)

79.21%

P/E Ratio

45.63

23.36

Market Cap

₹5559.00 Cr.

₹3204.00 Cr.

ROE

31.17%%

ROCE

31.24%%

Debt/Equity

0.49

0.26

EPS

₹6.18

₹12.33

RoNW

19.10%%

31.17%%

Shares Offered

In the ASK Automotive IPO retail investors (RII) are offered 1,03,49,987 shares while in Flair Writing IPO retail investors are offered 1,03,49,987 shares. Qualified institutional buyers (QIB) are offered 59,14,278 shares in ASK Automotive IPO and 39,01,316 shares in Flair Writing IPO.

	ASK Automotive IPO	Flair Writing IPO
Anchor Investor Reserveration	88,71,416 shares	58,51,972 shares
Market Maker Reserveration
QIB	59,14,278 shares	39,01,316 shares
NII	44,35,709 shares	29,25,987 shares
RII	1,03,49,987 shares	68,27,302 shares
Employee	0 shares	0 shares
Others
Total	2,06,99,974 shares	1,36,54,605 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas Flair Writing IPO subscribed 49.28x.

	ASK Automotive IPO	Flair Writing IPO
QIB (times)	142.41x	122.02x
NII (times)	35.47x	35.23x
Big NII (times)	41.13x	36.53x
Small NII (times)	24.16x	32.61x
RII (times)	5.70x	13.73x
Employee (times)
Other (times)
Total (times)	51.14x	49.28x

Compare with others

ASK Automotive IPO	Flair Writing IPO
Allied Blenders IPO	Mukka Proteins IPO
Flair Writing IPO	Happy Forgings IPO
IREDA IPO	Muthoot Microfin IPO
Fedbank Financial Services IPO	DOMS IPO
Gandhar Oil Refinery India IPO	Allied Blenders IPO
ESAF Small Finance Bank IPO	IREDA IPO
Cello World Limited IPO	Fedbank Financial Services IPO
Mamaearth IPO	Gandhar Oil Refinery India IPO
Blue Jet Healthcare IPO	ASK Automotive IPO
Protean eGov Technologies IPO	ESAF Small Finance Bank IPO

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