Nova AgriTech IPO vs Rashi Peripherals IPO

Comparision between Nova AgriTech IPO and Rashi Peripherals IPO.

IPO Details

Nova AgriTech IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rashi Peripherals IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Nova AgriTech IPO	Rashi Peripherals 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	Keynote Financial Services Ltd Bajaj Capital Limited	Jm Financial Limited ICICI Securities Limited
Registrar	Bigshare Services Pvt 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 Nova AgriTech IPO is up to ₹143.81 Cr whereas the issue size of the Rashi Peripherals IPO is up to ₹600.00 Cr. The final issue price of Nova AgriTech IPO is ₹41.00 per share and of Rashi Peripherals IPO is ₹311.00 per share.

	Nova AgriTech IPO	Rashi Peripherals IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹39.00 per share	₹295.00 per share
Issue Price (Upper)	₹41.00 per share	₹311.00 per share
Issue Price (Final)	₹41.00 per share	₹311.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	365 shares	48 shares
Fresh Issue Size	2,73,17,073 shares	1,92,92,604 shares
Fresh Issue Size (Amount)	up to ₹112.00 Cr	up to ₹600.00 Cr
OFS Issue Size	77,58,620 shares
OFS Issue Size (Amount)	up to ₹31.81 Cr
Issue Size Total	3,50,75,693 shares	1,92,92,604 shares
Issue Size Total (Amount)	up to ₹143.81 Cr	up to ₹600.00 Cr

IPO Timetable

Nova AgriTech IPO opens on Jan 23, 2024, while Rashi Peripherals IPO opens on Feb 07, 2024. The closing date of Nova AgriTech IPO and Rashi Peripherals IPO is Jan 25, 2024, and Feb 09, 2024, respectively.

	Nova AgriTech IPO	Rashi Peripherals IPO
Anchor Bid Date	Jan 19, 2024	Feb 06, 2024
Issue Open	Jan 23, 2024	Feb 07, 2024
Issue Close	Jan 25, 2024	Feb 09, 2024
Basis Of Allotment (Tentative)	Jan 29, 2024	Feb 12, 2024
Initiation of Refunds (Tentative)	Jan 30, 2024	Feb 13, 2024
Credit of Share (Tentative)	Jan 30, 2024	Feb 13, 2024
Listing date (Tentative)	Jan 31, 2024	Feb 14, 2024
Anchor Lockin End date 1	Feb 28, 2024	Mar 13, 2024
Anchor Lockin End date 2	Apr 28, 2024	May 12, 2024

Financials

Nova AgriTech IPO P/E ratio is 13.05, as compared to Rashi Peripherals IPO P/E ratio of 11.75.

Nova AgriTech IPO

Rashi Peripherals IPO

Financial

Nova AgriTech Limited Financial Information (Restated Consolidated)

Period Ended	30 Sep 2023	31 Mar 2023	22 Mar 2022	31 Mar 2021
Assets	196.37	180.78	160.30	147.44
Revenue	103.24	210.93	185.61	160.93
Profit After Tax	10.38	20.49	13.69	6.30
Net Worth	74.23	63.88	43.19	29.43
Reserves and Surplus	60.97	50.59	30.10	16.41
Total Borrowing	68.50	70.96	64.27	51.10
Amount in ₹ Crore

Rashi Peripherals Limited Financial Information (Restated Consolidated)

Rashi Peripherals Limited's revenue increased by 1.58% and profit after tax (PAT) dropped by -32.42% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,058.64	2,798.60	2,669.76	1,594.39
Revenue	5,473.27	9,468.95	9,321.92	5,930.24
Profit After Tax	72.02	123.34	182.51	136.35
Net Worth	772.74	700.12	575.07	394.19
Reserves and Surplus	686.24	760.36	557.84	395.99
Total Borrowing	1,395.20	1,065.76	881.74	488.99
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

84.27%

89.65%

Promoter Shareholding (Post-Issue)

59.39%

63.41%

P/E Ratio

13.05

11.75

Market Cap

₹379.33 Cr.

₹2049.48 Cr.

ROE

38.27%%

19.33%%

ROCE

27.25%%

14.21%%

Debt/Equity

1.11

1.53

EPS

₹3.14

₹26.46

RoNW

32.08%%

17.60%%

Shares Offered

In the Nova AgriTech IPO retail investors (RII) are offered 1,22,76,492 shares while in Rashi Peripherals IPO retail investors are offered 1,22,76,492 shares. Qualified institutional buyers (QIB) are offered 70,15,139 shares in Nova AgriTech IPO and 38,58,521 shares in Rashi Peripherals IPO.

	Nova AgriTech IPO	Rashi Peripherals IPO
Anchor Investor Reserveration	1,05,22,220 shares	57,87,780 shares
Market Maker Reserveration
QIB	70,15,139 shares	38,58,521 shares
NII	52,61,354 shares	28,93,891 shares
RII	1,22,76,492 shares	67,52,411 shares
Employee	0 shares	0 shares
Others
Total	2,45,52,985 shares	1,35,04,823 shares

Bids Received (Subscription)

Nova AgriTech IPO subscribed 113.21x in total, whereas Rashi Peripherals IPO subscribed 62.95x.

	Nova AgriTech IPO	Rashi Peripherals IPO
QIB (times)	81.13x	151.45x
NII (times)	233.03x	66.15x
Big NII (times)	231.40x	74.51x
Small NII (times)	236.27x	50.38x
RII (times)	80.20x	11.01x
Employee (times)
Other (times)
Total (times)	113.21x	62.95x

Compare with others

Nova AgriTech IPO	Rashi Peripherals IPO
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Rashi Peripherals IPO	Capital SFB IPO
BLS E-Services IPO	Jana SFB IPO
R K SWAMY IPO	Platinum Industries IPO
EPACK Durable IPO	Apeejay Surrendra Park IPO
Medi Assist Healthcare IPO	BLS E-Services IPO
Jyoti CNC Automation IPO	R K SWAMY IPO
Innova Captab IPO	EPACK Durable IPO
Azad Engineering IPO	Nova AgriTech IPO
Mufti Menswear IPO	Medi Assist Healthcare IPO

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