Aditya Ultra Steel IPO vs Namo eWaste Management IPO

Comparision between Aditya Ultra Steel IPO and Namo eWaste Management IPO.

IPO Details

Aditya Ultra Steel IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Namo eWaste Management IPO is a SME Book Built Issue proposed to list at NSE SME.

	Aditya Ultra Steel IPO	Namo eWaste Management 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	Swastika Investmart Ltd	Hem Securities Limited
Registrar	Cameo Corporate Services Limited	Maashitla Securities Private Limited
Market Maker	Sunflower Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Aditya Ultra Steel IPO is up to ₹45.88 Cr whereas the issue size of the Namo eWaste Management IPO is up to ₹51.20 Cr. The final issue price of Aditya Ultra Steel IPO is ₹62.00 per share and of Namo eWaste Management IPO is ₹85.00 per share.

	Aditya Ultra Steel IPO	Namo eWaste Management IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹59.00 per share	₹80.00 per share
Issue Price (Upper)	₹62.00 per share	₹85.00 per share
Issue Price (Final)	₹62.00 per share	₹85.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	74,00,000 shares	60,24,000 shares
Fresh Issue Size (Amount)	up to ₹45.88 Cr	up to ₹51.20 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	74,00,000 shares	60,24,000 shares
Issue Size Total (Amount)	up to ₹45.88 Cr	up to ₹51.20 Cr

IPO Timetable

Aditya Ultra Steel IPO opens on Sep 09, 2024, while Namo eWaste Management IPO opens on Sep 04, 2024. The closing date of Aditya Ultra Steel IPO and Namo eWaste Management IPO is Sep 11, 2024, and Sep 06, 2024, respectively.

	Aditya Ultra Steel IPO	Namo eWaste Management IPO
Anchor Bid Date	Sep 06, 2024	Sep 03, 2024
Issue Open	Sep 09, 2024	Sep 04, 2024
Issue Close	Sep 11, 2024	Sep 06, 2024
Basis Of Allotment (Tentative)	Sep 12, 2024	Sep 09, 2024
Initiation of Refunds (Tentative)	Sep 13, 2024	Sep 10, 2024
Credit of Share (Tentative)	Sep 13, 2024	Sep 10, 2024
Listing date (Tentative)	Sep 16, 2024	Sep 11, 2024
Anchor Lockin End date 1	Oct 12, 2024	Oct 09, 2024
Anchor Lockin End date 2	Dec 11, 2024	Dec 08, 2024

Financials

Aditya Ultra Steel IPO P/E ratio is 13.64, as compared to Namo eWaste Management IPO P/E ratio of 20.96.

Aditya Ultra Steel IPO

Namo eWaste Management IPO

Financial

Aditya Ultra Steel Limited Financial Information (Restated)

Aditya Ultra Steel Limited's revenue increased by 11% and profit after tax (PAT) rose by 185% 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	14,752.33	9,734.65	9,156.62
Revenue	58,856.29	53,048.91	51,598.34
Profit After Tax	792.34	277.66	488.9
Net Worth	3,758.21	2,865.86	2,588.2
Reserves and Surplus	3,128.6	2,739.81	2,462.15
Total Borrowing	5,427.07	4,984.14	4,695.12
Amount in ₹ Lakhs

Namo eWaste Management Limited Financial Information (Restated Standalone)

Namo eWaste Management Limited's revenue increased by 73% and profit after tax (PAT) rose by 183% 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	6,274.74	3,912.26	4,174.34
Revenue	10,107.62	5,856.07	4,509
Profit After Tax	682.9	241.56	180.89
Net Worth	3,526.17	2,814.76	2,577.21
Reserves and Surplus	1,841.82	2,109.24	1,871.69
Total Borrowing	1,453.24	344.73	598.1
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

97.94%

93.67%

Promoter Shareholding (Post-Issue)

68.76%

68.99%

P/E Ratio

13.64

20.96

Market Cap

₹153.98 Cr.

₹194.37 Cr.

ROE

23.92%%

21.54%%

ROCE

18.75%%

20.71%%

Debt/Equity

1.44

0.41

EPS

₹4.54

₹4.05

RoNW

21.08%%

19.37%%

Shares Offered

In the Aditya Ultra Steel IPO retail investors (RII) are offered 24,62,000 shares while in Namo eWaste Management IPO retail investors are offered 24,62,000 shares. Qualified institutional buyers (QIB) are offered 35,12,000 shares in Aditya Ultra Steel IPO and 11,44,000 shares in Namo eWaste Management IPO.

	Aditya Ultra Steel IPO	Namo eWaste Management IPO
Anchor Investor Reserveration		17,15,200 shares
Market Maker Reserveration	3,70,000 shares	3,02,400 shares
QIB	35,12,000 shares	11,44,000 shares
NII	10,56,000 shares	8,59,200 shares
RII	24,62,000 shares	20,03,200 shares
Employee	0 shares	0 shares
Others
Total	70,30,000 shares	40,06,400 shares

Bids Received (Subscription)

Aditya Ultra Steel IPO subscribed 10.58x in total, whereas Namo eWaste Management IPO subscribed 225.64x.

	Aditya Ultra Steel IPO	Namo eWaste Management IPO
QIB (times)	1.21x	151.75x
NII (times)	12.16x	394.20x
Big NII (times)
Small NII (times)
RII (times)	23.26x	195.54x
Employee (times)
Other (times)
Total (times)	10.58x	225.64x

Compare with others

Aditya Ultra Steel IPO	Namo eWaste Management IPO
Gajanand International IPO	Shubhshree Biofuels Energy IPO
Innomet Advanced Materials IPO	Aditya Ultra Steel IPO
SPP Polymers IPO	Vision Infra Equipment Solutions IPO
Share Samadhan IPO	Naturewings Holidays IPO
Shubhshree Biofuels Energy IPO	My Mudra Fincorp IPO
Vision Infra Equipment Solutions IPO	Mach Conferences and Events IPO
Naturewings Holidays IPO	Excellent Wires and Packaging IPO
My Mudra Fincorp IPO	Travels & Rentals IPO
Namo eWaste Management IPO	Jeyyam Global Foods IPO
Mach Conferences and Events IPO	Boss Packaging Solutions IPO

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