Avi Ansh Textile IPO vs Phoenix Overseas IPO

Comparision between Avi Ansh Textile IPO and Phoenix Overseas IPO.

IPO Details

Avi Ansh Textile IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Phoenix Overseas IPO is a SME Book Built Issue proposed to list at NSE SME.

	Avi Ansh Textile IPO	Phoenix Overseas 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	3Dimension Capital Services Limited	Khandwala Securities Limited
Registrar	Skyline Financial Services Private Ltd	Cameo Corporate Services Limited
Market Maker	Nikunj Stock Brokers Limited	Nikunj Stock Brokers Limited
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 Avi Ansh Textile IPO is up to ₹25.99 Cr whereas the issue size of the Phoenix Overseas IPO is up to ₹36.03 Cr. The final issue price of Avi Ansh Textile IPO is ₹62.00 per share and of Phoenix Overseas IPO is ₹64.00 per share.

	Avi Ansh Textile IPO	Phoenix Overseas IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹61.00 per share
Issue Price (Upper)		₹64.00 per share
Issue Price (Final)	₹62.00 per share	₹64.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	41,92,000 shares	45,80,000 shares
Fresh Issue Size (Amount)	up to ₹25.99 Cr	up to ₹29.31 Cr
OFS Issue Size		10,50,000 shares
OFS Issue Size (Amount)		up to ₹6.72 Cr
Issue Size Total	41,92,000 shares	56,30,000 shares
Issue Size Total (Amount)	up to ₹25.99 Cr	up to ₹36.03 Cr

IPO Timetable

Avi Ansh Textile IPO opens on Sep 20, 2024, while Phoenix Overseas IPO opens on Sep 20, 2024. The closing date of Avi Ansh Textile IPO and Phoenix Overseas IPO is Sep 24, 2024, and Sep 24, 2024, respectively.

	Avi Ansh Textile IPO	Phoenix Overseas IPO
Anchor Bid Date
Issue Open	Sep 20, 2024	Sep 20, 2024
Issue Close	Sep 24, 2024	Sep 24, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 25, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Sep 26, 2024
Credit of Share (Tentative)	Sep 26, 2024	Sep 26, 2024
Listing date (Tentative)	Sep 27, 2024	Sep 27, 2024
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Avi Ansh Textile IPO P/E ratio is 18.31, as compared to Phoenix Overseas IPO P/E ratio of 17.18.

Avi Ansh Textile IPO

Phoenix Overseas IPO

Financial

Avi Ansh Textile Limited Financial Information (Restated)

Avi Ansh Textile Limited's revenue increased by 17% and profit after tax (PAT) rose by 1053% 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	6,522.64	4,692.35	4,336.85	4,694.81
Revenue	14,214.65	12,149.57	12,016.76	7,264.3
Profit After Tax	331.35	28.74	155.55	68.2
Net Worth	1,587.22	1,256.74	1,229.62	1,076.34
Reserves and Surplus	608.73	278.25	251.13	97.85
Total Borrowing	4,481.21	3,193.46	2,659.87	3,375.46
Amount in ₹ Lakhs

Phoenix Overseas Limited Financial Information (Restated Standalone)

Phoenix Overseas Limited's revenue increased by 22% and profit after tax (PAT) rose by 46% 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	13,162.58	14,686.47	9,480.59
Revenue	54,915.1	45,131.61	37,828.19
Profit After Tax	549.93	375.48	391.36
Net Worth	5,012.26	4,570.52	4,246.59
Reserves and Surplus	4,520.06	4,078.32	3,754.39
Total Borrowing	2,937.11	3,447.24	2,981.26
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

95.67%

99.16%

Promoter Shareholding (Post-Issue)

66.98%

P/E Ratio

18.31

17.18

Market Cap

₹86.67 Cr.

₹123.81 Cr.

ROE

20.88%%

10.74%%

ROCE

15.88%%

15.28%%

Debt/Equity

2.82

0.59

EPS

₹3.39

₹3.72

RoNW

20.88%%

10.74%%

Shares Offered

In the Avi Ansh Textile IPO retail investors (RII) are offered 19,89,835 shares while in Phoenix Overseas IPO retail investors are offered 19,89,835 shares. Qualified institutional buyers (QIB) are offered 0 shares in Avi Ansh Textile IPO and 8,02,000 shares in Phoenix Overseas IPO.

	Avi Ansh Textile IPO	Phoenix Overseas IPO
Anchor Investor Reserveration
Market Maker Reserveration	2,12,000 shares	1,96,000 shares
QIB	0 shares	8,02,000 shares
NII	19,91,706 shares	23,86,000 shares
RII	19,89,835 shares	22,46,000 shares
Employee	0 shares	0 shares
Others
Total	39,81,542 shares	54,34,000 shares

Bids Received (Subscription)

Avi Ansh Textile IPO subscribed 8.32x in total, whereas Phoenix Overseas IPO subscribed 119.22x.

	Avi Ansh Textile IPO	Phoenix Overseas IPO
QIB (times)		65.74x
NII (times)	5.25x	109.71x
Big NII (times)
Small NII (times)
RII (times)	11.38x	148.43x
Employee (times)
Other (times)
Total (times)	8.32x	119.22x

Compare with others

Avi Ansh Textile IPO	Phoenix Overseas IPO
Thinking Hats Entertainment Solutions IPO	TechEra Engineering IPO
Unilex Colours and Chemicals IPO	Divyadhan Recycling Industries IPO
TechEra Engineering IPO	Kalana Ispat IPO
Divyadhan Recycling Industries IPO	Avi Ansh Textile IPO
Kalana Ispat IPO	Rappid Valves (India) IPO
Rappid Valves (India) IPO	WOL 3D IPO
Phoenix Overseas IPO	SD Retail IPO
WOL 3D IPO	BikeWo GreenTech IPO
SD Retail IPO	Pelatro IPO
BikeWo GreenTech IPO	Osel Devices IPO

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