ASK Automotive IPO vs Protean eGov Technologies IPO

Comparision between ASK Automotive IPO and Protean eGov Technologies IPO.

IPO Details

ASK Automotive IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Protean eGov Technologies IPO is a Mainline Book Built Issue proposed to list at BSE.

	ASK Automotive IPO	Protean eGov Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Jm Financial Limited Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
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 ASK Automotive IPO is up to ₹834.00 Cr whereas the issue size of the Protean eGov Technologies IPO is up to ₹490.33 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of Protean eGov Technologies IPO is ₹792.00 per share.

	ASK Automotive IPO	Protean eGov Technologies IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹268.00 per share	₹752.00 per share
Issue Price (Upper)	₹282.00 per share	₹792.00 per share
Issue Price (Final)	₹282.00 per share	₹792.00 per share
Discount (Retail)
Discount (Employee)		₹75.00 per share
Market Lot Size	53 shares	18 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,95,71,390 shares	61,91,000 shares
OFS Issue Size (Amount)	up to ₹834.00 Cr	up to ₹490.33 Cr
Issue Size Total	2,95,71,390 shares	61,91,000 shares
Issue Size Total (Amount)	up to ₹834.00 Cr	up to ₹490.33 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while Protean eGov Technologies IPO opens on Nov 06, 2023. The closing date of ASK Automotive IPO and Protean eGov Technologies IPO is Nov 09, 2023, and Nov 08, 2023, respectively.

	ASK Automotive IPO	Protean eGov Technologies IPO
Anchor Bid Date	Nov 06, 2023	Nov 03, 2023
Issue Open	Nov 07, 2023	Nov 06, 2023
Issue Close	Nov 09, 2023	Nov 08, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Nov 13, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 15, 2023
Credit of Share (Tentative)	Nov 13, 2023	Nov 16, 2023
Listing date (Tentative)	Nov 15, 2023	Nov 13, 2023
Anchor Lockin End date 1	Dec 10, 2023	Dec 13, 2023
Anchor Lockin End date 2	Feb 08, 2024	Feb 11, 2024

Financials

ASK Automotive IPO P/E ratio is 45.63, as compared to Protean eGov Technologies IPO P/E ratio of 29.91.

ASK Automotive IPO

Protean eGov Technologies IPO

Financial

ASK Automotive Limited Financial Information (Restated Consolidated)

ASK Automotive Limited's revenue increased by 26.78% and profit after tax (PAT) rose by 48.75% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,443.34	1,281.21	1,105.56	948.25
Revenue	657.55	2,566.28	2,024.26	1,567.77
Profit After Tax	34.83	122.95	82.66	106.20
Net Worth		643.77	631.91	622.23
Reserves and Surplus	639.03	604.34	591.73	581.54
Total Borrowing	268.03	231.82	119.78	54.02
Amount in ₹ Crore

Protean eGov Technologies Limited Financial Information (Restated Consolidated)

Protean eGov Technologies Limited's revenue increased by 1.78% and profit after tax (PAT) dropped by -25.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,133.86	1,104.10	988.14	862.39
Revenue	233.17	783.87	770.18	652.03
Profit After Tax	32.21	107.04	143.94	92.19
Net Worth	888.10	856.94	788.00	667.46
Reserves and Surplus	847.48	816.33	747.43	627.14
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

P/E Ratio

45.63

29.91

Market Cap

₹5559.00 Cr.

₹3203.38 Cr.

ROE

12.49%%

ROCE

16.13%%

Debt/Equity

0.49

EPS

₹6.18

₹26.48

RoNW

19.10%%

12.49%%

Shares Offered

In the ASK Automotive IPO retail investors (RII) are offered 1,03,49,987 shares while in Protean eGov Technologies IPO retail investors are offered 1,03,49,987 shares. Qualified institutional buyers (QIB) are offered 59,14,278 shares in ASK Automotive IPO and 12,08,200 shares in Protean eGov Technologies IPO.

	ASK Automotive IPO	Protean eGov Technologies IPO
Anchor Investor Reserveration	88,71,416 shares	18,12,300 shares
Market Maker Reserveration
QIB	59,14,278 shares	12,08,200 shares
NII	44,35,709 shares	9,06,150 shares
RII	1,03,49,987 shares	21,14,350 shares
Employee	0 shares	1,50,000 shares
Others
Total	2,06,99,974 shares	43,78,700 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas Protean eGov Technologies IPO subscribed 23.86x.

	ASK Automotive IPO	Protean eGov Technologies IPO
QIB (times)	142.41x	46.94x
NII (times)	35.47x	31.62x
Big NII (times)	41.13x	33.14x
Small NII (times)	24.16x	28.58x
RII (times)	5.70x	8.93x
Employee (times)		1.49x
Other (times)
Total (times)	51.14x	23.86x

Compare with others

ASK Automotive IPO	Protean eGov Technologies IPO
Allied Blenders IPO	ASK Automotive IPO
Flair Writing IPO	ESAF Small Finance Bank IPO
IREDA IPO	Cello World Limited IPO
Fedbank Financial Services IPO	Mamaearth IPO
Gandhar Oil Refinery India IPO	Blue Jet Healthcare IPO
ESAF Small Finance Bank IPO	IRM Energy IPO
Cello World Limited IPO	Saraswati Saree Depot IPO
Mamaearth IPO	Plaza Wires IPO
Blue Jet Healthcare IPO	Updater Services IPO
Protean eGov Technologies IPO	Valiant Laboratories IPO

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