Avax Apparels And Ornaments IPO vs Kalana Ispat IPO

Comparision between Avax Apparels And Ornaments IPO and Kalana Ispat IPO.

IPO Details

Avax Apparels And Ornaments IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Kalana Ispat IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Avax Apparels And Ornaments IPO	Kalana Ispat 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	SKI Capital Services Limited	Jawa Capital Services Private Limited
Registrar	Skyline Financial Services Private Ltd	Skyline Financial Services Private Ltd
Market Maker	SKI Capital Services Limited	Aftertrade Broking Pvt Ltd
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Avax Apparels And Ornaments IPO is up to ₹1.92 Cr whereas the issue size of the Kalana Ispat IPO is up to ₹32.59 Cr. The final issue price of Avax Apparels And Ornaments IPO is ₹70.00 per share and of Kalana Ispat IPO is ₹66.00 per share.

	Avax Apparels And Ornaments IPO	Kalana Ispat IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	2,74,000 shares	49,38,000 shares
Fresh Issue Size (Amount)	up to ₹1.92 Cr	up to ₹32.59 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,74,000 shares	49,38,000 shares
Issue Size Total (Amount)	up to ₹1.92 Cr	up to ₹32.59 Cr

IPO Timetable

Avax Apparels And Ornaments IPO opens on Sep 20, 2024, while Kalana Ispat IPO opens on Sep 19, 2024. The closing date of Avax Apparels And Ornaments IPO and Kalana Ispat IPO is Sep 24, 2024, and Sep 23, 2024, respectively.

	Avax Apparels And Ornaments IPO	Kalana Ispat IPO
Anchor Bid Date
Issue Open	Sep 20, 2024	Sep 19, 2024
Issue Close	Sep 24, 2024	Sep 23, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 24, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 25, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 25, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 26, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Avax Apparels And Ornaments IPO P/E ratio is 3.88, as compared to Kalana Ispat IPO P/E ratio of 22.59.

Avax Apparels And Ornaments IPO

Kalana Ispat IPO

Financial

Avax Apparels And Ornaments Limited Financial Information (Restated)

Avax Apparels And Ornaments Limited's revenue increased by 50% and profit after tax (PAT) rose by 99% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	484.6	346.89	57.66
Revenue	2,205.98	1,470.21	28.87
Profit After Tax	138.19	69.44	1.01
Net Worth	314.68	176.49	1.65
Total Borrowing	41.13	23.07	15.28
Amount in ₹ Lakhs

Kalana Ispat Limited Financial Information (Restated Standalone)

Kalana Ispat Limited's revenue decreased by -11% and profit after tax (PAT) rose by 373% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,885.71	1,617.46	1,264.89	1,330.7
Revenue	7,394.46	8,335.87	5,793.32	4,298.06
Profit After Tax	236.7	50.09	13.66	13.62
Net Worth	1,081.58	441.94	391.65	376.19
Reserves and Surplus	271.46	339.7	289.61	275.95
Total Borrowing	461.38	861.79	260.57	262.93
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

57.00%

82.72%

Promoter Shareholding (Post-Issue)

41.97%

51.38%

P/E Ratio

3.88

22.59

Market Cap

₹7.27 Cr.

₹86.08 Cr.

ROE

43.91%%

31.12%%

ROCE

37.50%%

21.20%%

Debt/Equity

0.43

EPS

₹18.06

₹2.92

RoNW

43.91%%

21.88%%

Shares Offered

In the Avax Apparels And Ornaments IPO retail investors (RII) are offered while in Kalana Ispat IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Avax Apparels And Ornaments IPO and in Kalana Ispat IPO.

	Avax Apparels And Ornaments IPO	Kalana Ispat IPO
Anchor Investor Reserveration
Market Maker Reserveration	14,000 shares	2,48,000 shares
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Avax Apparels And Ornaments IPO subscribed in total, whereas Kalana Ispat IPO subscribed .

	Avax Apparels And Ornaments IPO	Kalana Ispat IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

Compare with others

Avax Apparels And Ornaments IPO	Kalana Ispat IPO
Kalana Ispat IPO	Avi Ansh Textile IPO
Avi Ansh Textile IPO	Avax Apparels And Ornaments IPO
Rappid Valves (India) IPO	Rappid Valves (India) IPO
Phoenix Overseas IPO	Phoenix Overseas IPO
WOL 3D IPO	WOL 3D IPO
SD Retail Logo IPO
BikeWo GreenTech IPO

Comments

Add a public comment...