Lakshya Powertech IPO vs Usha Financial Services IPO

Comparision between Lakshya Powertech IPO and Usha Financial Services IPO.

IPO Details

Lakshya Powertech IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Usha Financial Services IPO is a SME Book Built Issue proposed to list at NSE SME.

	Lakshya Powertech IPO	Usha Financial Services IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Narnolia Financial Services Ltd Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Skyline Financial Services Private Ltd
Market Maker	Giriraj Stock Broking Private Limited	Ss Corporate Securities Limited
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 Lakshya Powertech IPO is up to ₹49.91 Cr whereas the issue size of the Usha Financial Services IPO is up to ₹98.45 Cr. The final issue price of Lakshya Powertech IPO is ₹180.00 per share and of Usha Financial Services IPO is ₹168.00 per share.

	Lakshya Powertech IPO	Usha Financial Services IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹171.00 per share	₹160.00 per share
Issue Price (Upper)	₹180.00 per share	₹168.00 per share
Issue Price (Final)	₹180.00 per share	₹168.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	800 shares	800 shares
Fresh Issue Size	27,72,800 shares	58,60,000 shares
Fresh Issue Size (Amount)	up to ₹49.91 Cr	up to ₹98.45 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	27,72,800 shares	58,60,000 shares
Issue Size Total (Amount)	up to ₹49.91 Cr	up to ₹98.45 Cr

IPO Timetable

Lakshya Powertech IPO opens on Oct 16, 2024, while Usha Financial Services IPO opens on Oct 24, 2024. The closing date of Lakshya Powertech IPO and Usha Financial Services IPO is Oct 18, 2024, and Oct 28, 2024, respectively.

	Lakshya Powertech IPO	Usha Financial Services IPO
Anchor Bid Date	Oct 15, 2024	Oct 23, 2024
Issue Open	Oct 16, 2024	Oct 24, 2024
Issue Close	Oct 18, 2024	Oct 28, 2024
Basis Of Allotment (Tentative)	Oct 21, 2024	Oct 29, 2024
Initiation of Refunds (Tentative)	Oct 22, 2024	Oct 30, 2024
Credit of Share (Tentative)	Oct 22, 2024	Oct 30, 2024
Listing date (Tentative)	Oct 23, 2024	Oct 31, 2024
Anchor Lockin End date 1	Nov 19, 2024	Nov 28, 2024
Anchor Lockin End date 2	Jan 18, 2025	Jan 27, 2025

Financials

Lakshya Powertech IPO P/E ratio is 8.39, as compared to Usha Financial Services IPO P/E ratio of 19.83.

Lakshya Powertech IPO

Usha Financial Services IPO

Financial

Lakshya Powertech Limited Financial Information (Restated)

Lakshya Powertech Limited's revenue increased by 181% and profit after tax (PAT) rose by 478% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Aug 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	9,415.91	8,246.31	3,334.85	1,758.89
Revenue	5,815.38	14,941.92	5,311.21	3,421.39
Profit After Tax	597.11	1,567.77	271.09	104.58
Net Worth	3,770.8	3,173.71	660.98	389.89
Reserves and Surplus	3,039.69	2,442.6	650.98	379.89
Total Borrowing	2,916.59	2,900.04	1,448.67	590.43
Amount in ₹ Lakhs

Usha Financial Services Limited Financial Information (Restated)

Usha Financial Services Limited's revenue increased by 38% and profit after tax (PAT) rose by 32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Sep 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	35,133.66	33,585.81	37,222.64	16,428.07
Revenue	2,681.26	6,396.05	4,618.73	2,531.36
Profit After Tax	504.16	1,344.95	1,016.55	414.42
Net Worth	11,106.79	10,602.63	8,207.38	4,767.58
Reserves and Surplus	9,519.03	9,014.87	7,265.57	4,109.41
Total Borrowing	18,861.94	18,128.22	24,751.41	9,723.22
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

96.84%

98.91%

Promoter Shareholding (Post-Issue)

72.24%

P/E Ratio

8.39

19.83

Market Cap

₹181.51 Cr.

₹365.19 Cr.

ROE

16%%

9.29%%

ROCE

13.41%%

12.02%%

Debt/Equity

0.83

1.7

EPS

₹21.44

₹8.47

RoNW

15.84%%

9.29%%

Shares Offered

In the Lakshya Powertech IPO retail investors (RII) are offered 8,96,000 shares while in Usha Financial Services IPO retail investors are offered 8,96,000 shares. Qualified institutional buyers (QIB) are offered 5,24,800 shares in Lakshya Powertech IPO and 11,08,000 shares in Usha Financial Services IPO.

	Lakshya Powertech IPO	Usha Financial Services IPO
Anchor Investor Reserveration	7,44,000 shares	16,60,800 shares
Market Maker Reserveration	1,48,000 shares	3,20,800 shares
QIB	5,24,800 shares	11,08,000 shares
NII	3,96,000 shares	8,31,200 shares
RII	8,96,000 shares	19,39,200 shares
Employee	0 shares	0 shares
Others
Total	18,88,800 shares	38,78,400 shares

Bids Received (Subscription)

Lakshya Powertech IPO subscribed 573.36x in total, whereas Usha Financial Services IPO subscribed 19.37x.

	Lakshya Powertech IPO	Usha Financial Services IPO
QIB (times)	212.18x	10.04x
NII (times)	1,117.75x	28.55x
Big NII (times)
Small NII (times)
RII (times)	590.26x	20.76x
Employee (times)
Other (times)
Total (times)	573.36x	19.37x

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