Aeroflex Industries IPO vs India Shelter Finance IPO

Comparision between Aeroflex Industries IPO and India Shelter Finance IPO.

IPO Details

Aeroflex Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while India Shelter Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aeroflex Industries IPO	India Shelter Finance 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	Pantomath Capital Advisors Pvt Ltd	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Ambit Private Limited
Registrar	Link Intime India Private Ltd	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 Aeroflex Industries IPO is up to ₹351.00 Cr whereas the issue size of the India Shelter Finance IPO is up to ₹1,200.00 Cr. The final issue price of Aeroflex Industries IPO is ₹108.00 per share and of India Shelter Finance IPO is ₹493.00 per share.

	Aeroflex Industries IPO	India Shelter Finance IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹102.00 per share	₹469.00 per share
Issue Price (Upper)	₹108.00 per share	₹493.00 per share
Issue Price (Final)	₹108.00 per share	₹493.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	130 shares	30 shares
Fresh Issue Size	1,50,00,000 shares	1,62,27,181 shares
Fresh Issue Size (Amount)	up to ₹162.00 Cr	up to ₹800.00 Cr
OFS Issue Size	1,75,00,000 shares	81,13,590 shares
OFS Issue Size (Amount)	up to ₹189.00 Cr	up to ₹400.00 Cr
Issue Size Total	3,25,00,000 shares	2,43,40,771 shares
Issue Size Total (Amount)	up to ₹351.00 Cr	up to ₹1,200.00 Cr

IPO Timetable

Aeroflex Industries IPO opens on Aug 22, 2023, while India Shelter Finance IPO opens on Dec 13, 2023. The closing date of Aeroflex Industries IPO and India Shelter Finance IPO is Aug 24, 2023, and Dec 15, 2023, respectively.

	Aeroflex Industries IPO	India Shelter Finance IPO
Anchor Bid Date	Aug 21, 2023	Dec 12, 2023
Issue Open	Aug 22, 2023	Dec 13, 2023
Issue Close	Aug 24, 2023	Dec 15, 2023
Basis Of Allotment (Tentative)	Aug 29, 2023	Dec 18, 2023
Initiation of Refunds (Tentative)	Aug 30, 2023	Dec 19, 2023
Credit of Share (Tentative)	Aug 31, 2023	Dec 19, 2023
Listing date (Tentative)	Aug 31, 2023	Dec 20, 2023
Anchor Lockin End date 1	Sep 28, 2023	Jan 17, 2024
Anchor Lockin End date 2	Nov 27, 2023	Mar 17, 2024

Financials

Aeroflex Industries IPO P/E ratio is 40.91, as compared to India Shelter Finance IPO P/E ratio of 28.22.

Aeroflex Industries IPO

India Shelter Finance IPO

Financial

Aeroflex Industries IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	157.19	161.64	183.44	213.98
Revenue	144.94	144.84	240.99	269.48
Profit After Tax	4.69	6.01	27.51	30.15
Net Worth	52.70	58.72	86.22	114.09
Reserves and Surplus
Total Borrowing	63.46	53.07	39.13	45.01

Amount in ₹ Crore

India Shelter Finance Corporation Limited Financial Information (Restated Consolidated)

India Shelter Finance Corporation Limited's revenue increased by 31.84% and profit after tax (PAT) rose by 20.94% 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	4,758.68	4,295.59	3,221.22	2,462.64
Revenue	398.58	606.23	459.81	322.80
Profit After Tax	107.35	155.34	128.45	87.39
Net Worth	1,374.97	1,240.53	1,076.13	937.27
Reserves and Surplus	1,335.36	1,197.98	1,033.02	894.20
Total Borrowing	3,272.48	2,973.43	2,059.40	1,480.72
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

91.09%

56.75%

Promoter Shareholding (Post-Issue)

66.99%

48.17%

P/E Ratio

40.91

28.22

Market Cap

₹5277.62 Cr.

ROE

26.43%%

13.4%%

ROCE

31.96%%

Debt/Equity

0.39

2.12

EPS

₹2.64

₹17.47

RoNW

26.43%%

13.4%%

Shares Offered

In the Aeroflex Industries IPO retail investors (RII) are offered 1,15,08,824 shares while in India Shelter Finance IPO retail investors are offered 1,15,08,824 shares. Qualified institutional buyers (QIB) are offered 62,76,490 shares in Aeroflex Industries IPO and 48,68,154 shares in India Shelter Finance IPO.

	Aeroflex Industries IPO	India Shelter Finance IPO
Anchor Investor Reserveration	95,99,980 shares	73,02,229 shares
Market Maker Reserveration
QIB	62,76,490 shares	48,68,154 shares
NII	49,32,353 shares	36,51,116 shares
RII	1,15,08,824 shares	85,19,270 shares
Employee	0 shares	0 shares
Others
Total	2,32,17,667 shares	1,70,38,540 shares

Bids Received (Subscription)

Aeroflex Industries IPO subscribed 97.11x in total, whereas India Shelter Finance IPO subscribed 38.59x.

	Aeroflex Industries IPO	India Shelter Finance IPO
QIB (times)	194.73x	94.29x
NII (times)	126.13x	29.97x
Big NII (times)	125.80x	29.77x
Small NII (times)	126.80x	30.37x
RII (times)	34.41x	10.46x
Employee (times)
Other (times)	28.52x
Total (times)	97.11x	38.59x

Compare with others

Aeroflex Industries IPO	India Shelter Finance IPO
EMS IPO	Rishabh Instruments IPO
Jupiter Life Line Hospitals IPO	Ratnaveer Precision Engineering IPO
Rishabh Instruments IPO	Vishnu Prakash R Punglia IPO
Ratnaveer Precision Engineering IPO	Aeroflex Industries IPO
Vishnu Prakash R Punglia IPO	Pyramid Technoplast IPO
Pyramid Technoplast IPO	TVS Supply Chain Solutions IPO
India Shelter Finance IPO	Concord Biotech IPO
TVS Supply Chain Solutions IPO	SBFC Finance IPO
Concord Biotech IPO	Yatharth Hospital IPO
SBFC Finance IPO	Netweb Technologies India IPO

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