Azad Engineering IPO vs Nova AgriTech IPO

Comparision between Azad Engineering IPO and Nova AgriTech IPO.

IPO Details

Azad Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nova AgriTech IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Azad Engineering IPO	Nova AgriTech 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited	Keynote Financial Services Ltd Bajaj Capital Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Nova AgriTech IPO is up to ₹143.81 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Nova AgriTech IPO is ₹41.00 per share.

	Azad Engineering IPO	Nova AgriTech IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹499.00 per share	₹39.00 per share
Issue Price (Upper)	₹524.00 per share	₹41.00 per share
Issue Price (Final)	₹524.00 per share	₹41.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	365 shares
Fresh Issue Size	45,80,153 shares	2,73,17,073 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹112.00 Cr
OFS Issue Size	95,41,985 shares	77,58,620 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹31.81 Cr
Issue Size Total	1,41,22,138 shares	3,50,75,693 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹143.81 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while Nova AgriTech IPO opens on Jan 23, 2024. The closing date of Azad Engineering IPO and Nova AgriTech IPO is Dec 22, 2023, and Jan 25, 2024, respectively.

	Azad Engineering IPO	Nova AgriTech IPO
Anchor Bid Date	Dec 19, 2023	Jan 19, 2024
Issue Open	Dec 20, 2023	Jan 23, 2024
Issue Close	Dec 22, 2023	Jan 25, 2024
Basis Of Allotment (Tentative)	Dec 26, 2023	Jan 29, 2024
Initiation of Refunds (Tentative)	Dec 27, 2023	Jan 30, 2024
Credit of Share (Tentative)	Dec 27, 2023	Jan 30, 2024
Listing date (Tentative)	Dec 28, 2023	Jan 31, 2024
Anchor Lockin End date 1	Jan 25, 2024	Feb 28, 2024
Anchor Lockin End date 2	Mar 25, 2024	Apr 28, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to Nova AgriTech IPO P/E ratio of 13.05.

Azad Engineering IPO

Nova AgriTech IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
Amount in ₹ Crore

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023	22 Mar 2022	31 Mar 2021
Assets	196.37	180.78	160.30	147.44
Revenue	103.24	210.93	185.61	160.93
Profit After Tax	10.38	20.49	13.69	6.30
Net Worth	74.23	63.88	43.19	29.43
Reserves and Surplus	60.97	50.59	30.10	16.41
Total Borrowing	68.50	70.96	64.27	51.10
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.61%

84.27%

Promoter Shareholding (Post-Issue)

56.38%

59.39%

P/E Ratio

292.74

13.05

Market Cap

₹3097.52 Cr.

₹379.33 Cr.

ROE

4.2%%

38.27%%

ROCE

12.99%%

27.25%%

Debt/Equity

1.47

1.11

EPS

₹1.79

₹3.14

RoNW

4.23%%

32.08%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in Nova AgriTech IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 70,15,139 shares in Nova AgriTech IPO.

	Azad Engineering IPO	Nova AgriTech IPO
Anchor Investor Reserveration	42,13,731 shares	1,05,22,220 shares
Market Maker Reserveration
QIB	28,09,155 shares	70,15,139 shares
NII	21,06,866 shares	52,61,354 shares
RII	49,16,021 shares	1,22,76,492 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	2,45,52,985 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas Nova AgriTech IPO subscribed 113.21x.

	Azad Engineering IPO	Nova AgriTech IPO
QIB (times)	179.64x	81.13x
NII (times)	90.24x	233.03x
Big NII (times)	93.30x	231.40x
Small NII (times)	84.12x	236.27x
RII (times)	24.51x	80.20x
Employee (times)
Other (times)
Total (times)	83.04x	113.21x

Compare with others

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Mufti Menswear IPO	Medi Assist Healthcare IPO
Inox CVA IPO	Jyoti CNC Automation IPO
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Motisons Jewellers IPO	Mufti Menswear IPO

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