Aakash Exploration IPO vs Mahickra Chemicals IPO

Comparision between Aakash Exploration IPO and Mahickra Chemicals IPO.

IPO Details

Aakash Exploration IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Mahickra Chemicals IPO is a SME Book Built Issue proposed to list at NSE SME.

	Aakash Exploration IPO	Mahickra Chemicals IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Monarch Networth Capital Ltd	Pantomath Capital Advisors Pvt Ltd
Registrar	Skyline Financial Services Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aakash Exploration IPO is up to ₹10.08 Cr whereas the issue size of the Mahickra Chemicals IPO is up to ₹5.25 Cr. The final issue price of Aakash Exploration IPO is ₹56.00 per share and of Mahickra Chemicals IPO is ₹25.00 per share.

	Aakash Exploration IPO	Mahickra Chemicals IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹24.00 per share
Issue Price (Upper)		₹25.00 per share
Issue Price (Final)	₹56.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	6000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,00,000 shares	21,00,000 shares
Issue Size Total (Amount)	up to ₹10.08 Cr	up to ₹5.25 Cr

IPO Timetable

Aakash Exploration IPO opens on Apr 17, 2018, while Mahickra Chemicals IPO opens on Apr 16, 2018. The closing date of Aakash Exploration IPO and Mahickra Chemicals IPO is Apr 19, 2018, and Apr 18, 2018, respectively.

	Aakash Exploration IPO	Mahickra Chemicals IPO
Anchor Bid Date
Issue Open	Apr 17, 2018	Apr 16, 2018
Issue Close	Apr 19, 2018	Apr 18, 2018
Basis Of Allotment (Tentative)	Apr 24, 2018	Apr 23, 2018
Initiation of Refunds (Tentative)	Apr 25, 2018	Apr 24, 2018
Credit of Share (Tentative)	Apr 26, 2018	Apr 25, 2018
Listing date (Tentative)	Apr 27, 2018	Apr 26, 2018
Anchor Lockin End date 1	May 24, 2018	May 23, 2018
Anchor Lockin End date 2	Jul 23, 2018	Jul 22, 2018

Financials

Aakash Exploration IPO P/E ratio is , as compared to Mahickra Chemicals IPO P/E ratio of .

Aakash Exploration IPO

Mahickra Chemicals IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	3,382.38	3,131.06	2,549.24	1,393.22	1,056.70
Total Revenue	3,380.30	2,563.31	2,345.20	1,389.54	944.65
Profit After Tax	110.02	44.32	101.44	49.38	14.40

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lacs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	2562.24	1817.89	1781.93	2089.50	1063.95
Total Revenue	4225.85	3478.82	4275.15	4355.99	1932.94
Profit After Tax	35.27	15.17	8.60	17.36	9.31

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aakash Exploration IPO retail investors (RII) are offered 8,55,000 shares while in Mahickra Chemicals IPO retail investors are offered 8,55,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in Aakash Exploration IPO and 0 shares in Mahickra Chemicals IPO.

	Aakash Exploration IPO	Mahickra Chemicals IPO
Anchor Investor Reserveration
Market Maker Reserveration	90,000 shares	1,08,000 shares
QIB	0 shares	0 shares
NII	8,55,000 shares	9,96,000 shares
RII	8,55,000 shares	9,96,000 shares
Employee
Others
Total	18,00,000 shares	21,00,000 shares

Bids Received (Subscription)

Aakash Exploration IPO subscribed 1.48x in total, whereas Mahickra Chemicals IPO subscribed 27.85x.

	Aakash Exploration IPO	Mahickra Chemicals IPO
QIB (times)
NII (times)	1.59x	22.42x
Big NII (times)
Small NII (times)
RII (times)	1.38x	9.88x
Employee (times)
Other (times)
Total (times)	1.48x	27.85x

Compare with others

Aakash Exploration IPO	Mahickra Chemicals IPO
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Power Instrumentation Gujarat IPO	Soni Soya IPO
Mahickra Chemicals IPO	S.S. Infrastructure IPO

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