Jainam Ferro Alloys IPO vs Promax Power Limited IPO

Comparision between Jainam Ferro Alloys IPO and Promax Power Limited IPO.

IPO Details

Jainam Ferro Alloys IPO is a SME Fixed Price Issue IPO proposed to list at NSE SME while Promax Power Limited IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Jainam Ferro Alloys IPO	Promax Power Limited IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Fixed Price Issue
Listing At	NSE SME	BSE SME
Lead Managers	Hem Securities 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 Jainam Ferro Alloys IPO is up to ₹19.61 Cr whereas the issue size of the Promax Power Limited IPO is up to ₹1.60 Cr. The final issue price of Jainam Ferro Alloys IPO is ₹70.00 per share and of Promax Power Limited IPO is ₹10.00 per share.

	Jainam Ferro Alloys IPO	Promax Power Limited IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹70.00 per share	₹10.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	10000 shares
Fresh Issue Size	13,02,000 shares	16,00,000 shares
Fresh Issue Size (Amount)	up to ₹9.11 Cr	up to ₹1.60 Cr
OFS Issue Size	15,00,000 shares
OFS Issue Size (Amount)	up to ₹10.50 Cr
Issue Size Total	28,02,000 shares	16,00,000 shares
Issue Size Total (Amount)	up to ₹19.61 Cr	up to ₹1.60 Cr

IPO Timetable

Jainam Ferro Alloys IPO opens on Sep 28, 2021, while Promax Power Limited IPO opens on Sep 30, 2021. The closing date of Jainam Ferro Alloys IPO and Promax Power Limited IPO is Sep 30, 2021, and Oct 04, 2021, respectively.

	Jainam Ferro Alloys IPO	Promax Power Limited IPO
Anchor Bid Date
Issue Open	Sep 28, 2021	Sep 30, 2021
Issue Close	Sep 30, 2021	Oct 04, 2021
Basis Of Allotment (Tentative)	Oct 05, 2021	Oct 07, 2021
Initiation of Refunds (Tentative)	Oct 06, 2021	Oct 08, 2021
Credit of Share (Tentative)	Oct 07, 2021	Oct 11, 2021
Listing date (Tentative)	Oct 08, 2021	Oct 12, 2021
Anchor Lockin End date 1	Nov 04, 2021	Nov 06, 2021
Anchor Lockin End date 2	Jan 03, 2022	Jan 05, 2022

Financials

Jainam Ferro Alloys IPO P/E ratio is , as compared to Promax Power Limited IPO P/E ratio of .

Jainam Ferro Alloys IPO

Promax Power Limited IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	524.18	391.94	402.28
Total Revenue	1025.17	1223.36	1323.97
Profit After Tax	31.17	8.64	28.85

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%

99.99%

Promoter Shareholding (Post-Issue)

73.47%

73.33%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Jainam Ferro Alloys IPO retail investors (RII) are offered 13,26,000 shares while in Promax Power Limited IPO retail investors are offered 13,26,000 shares. Qualified institutional buyers (QIB) are offered in Jainam Ferro Alloys IPO and in Promax Power Limited IPO.

	Jainam Ferro Alloys IPO	Promax Power Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration	1,50,000 shares	80,000 shares
QIB
NII	13,26,000 shares	7,60,000 shares
RII	13,26,000 shares	7,60,000 shares
Employee
Others
Total	26,52,000 shares	15,20,000 shares

Bids Received (Subscription)

Jainam Ferro Alloys IPO subscribed 6.65x in total, whereas Promax Power Limited IPO subscribed 6.89x.

	Jainam Ferro Alloys IPO	Promax Power Limited IPO
QIB (times)
NII (times)	6.23x	2.39x
Big NII (times)
Small NII (times)
RII (times)	7.07x	11.38x
Employee (times)
Other (times)
Total (times)	6.65x	6.89x

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