DEE Piping Systems IPO vs OLA Electric IPO

Comparision between DEE Piping Systems IPO and OLA Electric IPO.

IPO Details

DEE Piping Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while OLA Electric IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	DEE Piping Systems IPO	OLA Electric 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	SBI Capital Markets Limited Equirus Capital Private Limited	Kotak Mahindra Capital Company Limited Bofa Securities India Limited Axis Capital Limited SBI Capital Markets Limited Citigroup Global Markets India Private Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Bob Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private 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 DEE Piping Systems IPO is up to ₹418.01 Cr whereas the issue size of the OLA Electric IPO is up to ₹6,145.56 Cr. The final issue price of DEE Piping Systems IPO is ₹203.00 per share and of OLA Electric IPO is ₹76.00 per share.

	DEE Piping Systems IPO	OLA Electric IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹72.00 per share
Issue Price (Upper)	₹203.00 per share	₹76.00 per share
Issue Price (Final)	₹203.00 per share	₹76.00 per share
Discount (Retail)
Discount (Employee)	₹19.00 per share	₹7.00 per share
Market Lot Size	73 shares	195 shares
Fresh Issue Size	1,60,09,852 shares	72,36,84,210 shares
Fresh Issue Size (Amount)	up to ₹325.00 Cr	up to ₹5,500.00 Cr
OFS Issue Size	45,82,000 shares	8,49,41,997 shares
OFS Issue Size (Amount)	up to ₹93.01 Cr	up to ₹645.56 Cr
Issue Size Total	2,05,91,852 shares	80,86,26,207 shares
Issue Size Total (Amount)	up to ₹418.01 Cr	up to ₹6,145.56 Cr

IPO Timetable

DEE Piping Systems IPO opens on Jun 19, 2024, while OLA Electric IPO opens on Aug 02, 2024. The closing date of DEE Piping Systems IPO and OLA Electric IPO is Jun 21, 2024, and Aug 06, 2024, respectively.

	DEE Piping Systems IPO	OLA Electric IPO
Anchor Bid Date	Jun 18, 2024	Aug 01, 2024
Issue Open	Jun 19, 2024	Aug 02, 2024
Issue Close	Jun 21, 2024	Aug 06, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Aug 07, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Aug 08, 2024
Credit of Share (Tentative)	Jun 25, 2024	Aug 08, 2024
Listing date (Tentative)	Jun 26, 2024	Aug 09, 2024
Anchor Lockin End date 1	Jul 24, 2024	Sep 05, 2024
Anchor Lockin End date 2	Sep 22, 2024	Nov 04, 2024

Financials

DEE Piping Systems IPO P/E ratio is 83, as compared to OLA Electric IPO P/E ratio of -17.69.

DEE Piping Systems IPO

OLA Electric IPO

Financial

DEE Development Engineers Limited Financial Information (Restated Consolidated)

DEE Development Engineers Limited's revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,171.01	966.26	845.40	835.88
Revenue	557.86	614.32	470.84	513.03
Profit After Tax	14.34	12.97	8.20	14.21
Net Worth	428.19	413.70	401.37	448.50
Reserves and Surplus	380.23	408.17	395.85	432.81
Total Borrowing	407.14	352.62	285.36	257.17
Amount in ₹ Crore

Ola Electric Mobility Limited Financial Information (Restated Consolidated)

Ola Electric Mobility Limited's revenue increased by 88.42% and profit after tax (PAT) dropped by -7.63% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	7,735.41	5,573.17	5,395.86	2,112.64
Revenue	5,243.27	2,782.70	456.26	106.08
Profit After Tax	-1,584.40	-1,472.08	-784.15	-199.23
Net Worth	2,019.34	2,356.44	3,661.45	1,970.62
Reserves and Surplus	-2,882.54	-1,380.03	-68.83	1,999.30
Total Borrowing	2,389.21	1,645.75	750.41	38.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

85.77%

Promoter Shareholding (Post-Issue)

P/E Ratio

-17.69

Market Cap

₹1401.69 Cr.

₹33521.75 Cr.

ROE

ROCE

3.91%%

Debt/Equity

0.85

EPS

₹2.45

₹-4.30

RoNW

3.35%%

-78.46%%

Shares Offered

In the DEE Piping Systems IPO retail investors (RII) are offered 71,89,907 shares while in OLA Electric IPO retail investors are offered 71,89,907 shares. Qualified institutional buyers (QIB) are offered 41,08,518 shares in DEE Piping Systems IPO and 24,23,70,750 shares in OLA Electric IPO.

	DEE Piping Systems IPO	OLA Electric IPO
Anchor Investor Reserveration	61,62,777 shares	36,35,56,135 shares
Market Maker Reserveration
QIB	41,08,518 shares	24,23,70,750 shares
NII	30,81,389 shares	12,11,85,387 shares
RII	71,89,907 shares	8,07,90,252 shares
Employee	0 shares	7,97,101 shares
Others
Total	1,43,79,814 shares	44,51,43,490 shares

Bids Received (Subscription)

DEE Piping Systems IPO subscribed 103.03x in total, whereas OLA Electric IPO subscribed 4.45x.

	DEE Piping Systems IPO	OLA Electric IPO
QIB (times)	206.54x	5.53x
NII (times)	149.38x	2.51x
Big NII (times)	165.71x	2.75x
Small NII (times)	116.73x	2.03x
RII (times)	23.66x	4.05x
Employee (times)		12.38x
Other (times)
Total (times)	103.03x	4.45x

Compare with others

DEE Piping Systems IPO	OLA Electric IPO
Emcure Pharma IPO	Ceigall India IPO
OLA Electric IPO	Akums Drugs and Pharmaceuticals IPO
Vraj Iron and Steel IPO	Sanstar IPO
Aasaan Loans IPO	Bansal Wire IPO
Stanley Lifestyles IPO	Emcure Pharma IPO
ixigo IPO	Vraj Iron and Steel IPO
Kronox Lab Sciences IPO	Aasaan Loans IPO
Awfis Space Solutions IPO	Stanley Lifestyles IPO
Go Digit IPO	DEE Piping Systems IPO
Aadhar Housing Finance IPO	ixigo IPO

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