Adishakti Loha and Ispat IPO vs Promax Power Limited IPO

Comparision between Adishakti Loha and Ispat IPO and Promax Power Limited IPO.

IPO Details

Adishakti Loha and Ispat IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Promax Power Limited IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Adishakti Loha and Ispat IPO	Promax Power Limited IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	BSE SME	BSE SME
Lead Managers	Turnaround Corporate Advisors Private Limited	Finshore Management Services Limited
Registrar	Bigshare Services Pvt Ltd	Cameo Corporate Services Limited
Market Maker
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 Adishakti Loha and Ispat IPO is up to ₹2.00 Cr whereas the issue size of the Promax Power Limited IPO is up to ₹1.60 Cr. The final issue price of Adishakti Loha and Ispat IPO is ₹11.00 per share and of Promax Power Limited IPO is ₹10.00 per share.

	Adishakti Loha and Ispat IPO	Promax Power Limited IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹11.00 per share	₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10000 shares	10000 shares
Fresh Issue Size		16,00,000 shares
Fresh Issue Size (Amount)		up to ₹1.60 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,20,000 shares	16,00,000 shares
Issue Size Total (Amount)	up to ₹2.00 Cr	up to ₹1.60 Cr

IPO Timetable

Adishakti Loha and Ispat IPO opens on Sep 30, 2021, while Promax Power Limited IPO opens on Sep 30, 2021. The closing date of Adishakti Loha and Ispat IPO and Promax Power Limited IPO is Oct 05, 2021, and Oct 04, 2021, respectively.

	Adishakti Loha and Ispat IPO	Promax Power Limited IPO
Anchor Bid Date
Issue Open	Sep 30, 2021	Sep 30, 2021
Issue Close	Oct 05, 2021	Oct 04, 2021
Basis Of Allotment (Tentative)		Oct 07, 2021
Initiation of Refunds (Tentative)		Oct 08, 2021
Credit of Share (Tentative)		Oct 11, 2021
Listing date (Tentative)		Oct 12, 2021
Anchor Lockin End date 1		Nov 06, 2021
Anchor Lockin End date 2		Jan 05, 2022

Financials

Adishakti Loha and Ispat IPO P/E ratio is , as compared to Promax Power Limited IPO P/E ratio of .

Adishakti Loha and Ispat IPO

Promax Power Limited IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Millions)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	93.57	0.46	0.21
Total Revenue	109.49	0.27	NA
Profit After Tax	(0.21)	0.19	0.04

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	204.30	206.64	0.14
Total Revenue	368.89	77.63	NA
Profit After Tax	1.7839	3.1147	(0.0001)

Promoter Shareholding (Pre-Issue)

100.00%

99.99%

Promoter Shareholding (Post-Issue)

60.07%

73.33%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adishakti Loha and Ispat IPO retail investors (RII) are offered 8,60,000 shares while in Promax Power Limited IPO retail investors are offered 8,60,000 shares. Qualified institutional buyers (QIB) are offered in Adishakti Loha and Ispat IPO and in Promax Power Limited IPO.

	Adishakti Loha and Ispat IPO	Promax Power Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,00,000 shares	80,000 shares
QIB
NII	8,60,000 shares	7,60,000 shares
RII	8,60,000 shares	7,60,000 shares
Employee
Others
Total	17,20,000 shares	15,20,000 shares

Bids Received (Subscription)

Adishakti Loha and Ispat IPO subscribed 1.84x in total, whereas Promax Power Limited IPO subscribed 6.89x.

	Adishakti Loha and Ispat IPO	Promax Power Limited IPO
QIB (times)
NII (times)	0.81x	2.39x
Big NII (times)
Small NII (times)
RII (times)	2.87x	11.38x
Employee (times)
Other (times)
Total (times)	1.84x	6.89x

Compare with others

Adishakti Loha and Ispat IPO	Promax Power Limited IPO
Suyog Gurbaxani Funicular Ropeways IPO	DK Enterprises Global IPO
Nidan Laboratories and Healthcare IPO	CWD Limited IPO
Kotyark Industries IPO	Adishakti Loha and Ispat IPO
DK Enterprises Global IPO	Bombay Metrics Supply Chain IPO
CWD Limited IPO	Samor Reality Limited IPO
Bombay Metrics Supply Chain IPO	Dynamic Services & Security IPO
Samor Reality Limited IPO	Destiny Logistics & Infra IPO
Promax Power Limited IPO	Shri Venkatesh Refineries IPO
Dynamic Services & Security IPO	Jainam Ferro Alloys IPO
Destiny Logistics & Infra IPO	Getalong Enterprise Limited IPO

Comments

Add a public comment...