ASK Automotive IPO vs Mamaearth IPO

Comparision between ASK Automotive IPO and Mamaearth IPO.

IPO Details

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

	ASK Automotive IPO	Mamaearth 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jm Financial Limited J.P. Morgan India 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 ASK Automotive IPO is up to ₹834.00 Cr whereas the issue size of the Mamaearth IPO is up to ₹1,701.44 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of Mamaearth IPO is ₹324.00 per share.

	ASK Automotive IPO	Mamaearth IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹268.00 per share	₹308.00 per share
Issue Price (Upper)	₹282.00 per share	₹324.00 per share
Issue Price (Final)	₹282.00 per share	₹324.00 per share
Discount (Retail)
Discount (Employee)		₹30.00 per share
Market Lot Size	53 shares	46 shares
Fresh Issue Size		1,12,68,580 shares
Fresh Issue Size (Amount)		up to ₹365.00 Cr
OFS Issue Size	2,95,71,390 shares	4,12,48,162 shares
OFS Issue Size (Amount)	up to ₹834.00 Cr	up to ₹1,336.40 Cr
Issue Size Total	2,95,71,390 shares	5,25,16,742 shares
Issue Size Total (Amount)	up to ₹834.00 Cr	up to ₹1,701.44 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while Mamaearth IPO opens on Oct 31, 2023. The closing date of ASK Automotive IPO and Mamaearth IPO is Nov 09, 2023, and Nov 02, 2023, respectively.

	ASK Automotive IPO	Mamaearth IPO
Anchor Bid Date	Nov 06, 2023	Oct 30, 2023
Issue Open	Nov 07, 2023	Oct 31, 2023
Issue Close	Nov 09, 2023	Nov 02, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Nov 06, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 06, 2023
Credit of Share (Tentative)	Nov 13, 2023	Nov 06, 2023
Listing date (Tentative)	Nov 15, 2023	Nov 07, 2023
Anchor Lockin End date 1	Dec 10, 2023	Dec 06, 2023
Anchor Lockin End date 2	Feb 08, 2024	Feb 04, 2024

Financials

ASK Automotive IPO P/E ratio is 45.63, as compared to Mamaearth IPO P/E ratio of .

ASK Automotive IPO

Mamaearth 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

Honasa Consumer Limited Financial Information (Restated Consolidated)

Honasa Consumer Limited's revenue increased by 57.13% and profit after tax (PAT) dropped by -1145.25% 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	1,048.03	966.42	1,035.01	302.64
Revenue	477.10	1,515.27	964.35	472.10
Profit After Tax	24.72	-150.97	14.44	-1,324.61
Net Worth	638.26	605.90	705.62	-1,765.14
Reserves and Surplus	-1,290.94	-1,323.32	-1,087.33
Total Borrowing	6.79	3.61	3.59
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

37.41%

Promoter Shareholding (Post-Issue)

35.34%

P/E Ratio

45.63

Market Cap

₹5559.00 Cr.

₹10425.00 Cr.

ROE

ROCE

Debt/Equity

0.49

EPS

₹6.18

₹4.66

RoNW

19.10%%

-23.57%%

Shares Offered

In the ASK Automotive IPO retail investors (RII) are offered 1,03,49,987 shares while in Mamaearth 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 1,57,44,820 shares in Mamaearth IPO.

	ASK Automotive IPO	Mamaearth IPO
Anchor Investor Reserveration	88,71,416 shares	2,36,17,228 shares
Market Maker Reserveration
QIB	59,14,278 shares	1,57,44,820 shares
NII	44,35,709 shares	78,72,409 shares
RII	1,03,49,987 shares	52,48,272 shares
Employee	0 shares	34,013 shares
Others
Total	2,06,99,974 shares	2,88,99,514 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas Mamaearth IPO subscribed 7.61x.

	ASK Automotive IPO	Mamaearth IPO
QIB (times)	142.41x	11.50x
NII (times)	35.47x	4.02x
Big NII (times)	41.13x	4.85x
Small NII (times)	24.16x	2.36x
RII (times)	5.70x	1.35x
Employee (times)		4.88x
Other (times)
Total (times)	51.14x	7.61x

Compare with others

ASK Automotive IPO	Mamaearth IPO
Allied Blenders IPO	Fedbank Financial Services IPO
Flair Writing IPO	Gandhar Oil Refinery India IPO
IREDA IPO	ASK Automotive IPO
Fedbank Financial Services IPO	ESAF Small Finance Bank IPO
Gandhar Oil Refinery India IPO	Cello World Limited IPO
ESAF Small Finance Bank IPO	Blue Jet Healthcare IPO
Cello World Limited IPO	Protean eGov Technologies IPO
Mamaearth IPO	IRM Energy IPO
Blue Jet Healthcare IPO	Saraswati Saree Depot IPO
Protean eGov Technologies IPO	Plaza Wires IPO

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