Aeroflex Industries IPO vs SBFC Finance IPO

Comparision between Aeroflex Industries IPO and SBFC Finance IPO.

IPO Details

Aeroflex Industries IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SBFC Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aeroflex Industries IPO	SBFC Finance 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	Pantomath Capital Advisors Pvt Ltd	ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Aeroflex Industries IPO is up to ₹351.00 Cr whereas the issue size of the SBFC Finance IPO is up to ₹1,025.00 Cr. The final issue price of Aeroflex Industries IPO is ₹108.00 per share and of SBFC Finance IPO is ₹57.00 per share.

	Aeroflex Industries IPO	SBFC Finance IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹54.00 per share
Issue Price (Upper)	₹108.00 per share	₹57.00 per share
Issue Price (Final)	₹108.00 per share	₹57.00 per share
Discount (Retail)
Discount (Employee)		₹2.00 per share
Market Lot Size	130 shares	260 shares
Fresh Issue Size	1,50,00,000 shares
Fresh Issue Size (Amount)	up to ₹162.00 Cr	up to ₹600.00 Cr
OFS Issue Size	1,75,00,000 shares
OFS Issue Size (Amount)	up to ₹189.00 Cr	up to ₹425.00 Cr
Issue Size Total	3,25,00,000 shares
Issue Size Total (Amount)	up to ₹351.00 Cr	up to ₹1,025.00 Cr

IPO Timetable

Aeroflex Industries IPO opens on Aug 22, 2023, while SBFC Finance IPO opens on Aug 03, 2023. The closing date of Aeroflex Industries IPO and SBFC Finance IPO is Aug 24, 2023, and Aug 07, 2023, respectively.

	Aeroflex Industries IPO	SBFC Finance IPO
Anchor Bid Date	Aug 21, 2023	Aug 02, 2023
Issue Open	Aug 22, 2023	Aug 03, 2023
Issue Close	Aug 24, 2023	Aug 07, 2023
Basis Of Allotment (Tentative)	Aug 29, 2023	Aug 10, 2023
Initiation of Refunds (Tentative)	Aug 30, 2023	Aug 11, 2023
Credit of Share (Tentative)	Aug 31, 2023	Aug 14, 2023
Listing date (Tentative)	Aug 31, 2023	Aug 16, 2023
Anchor Lockin End date 1	Sep 28, 2023	Sep 09, 2023
Anchor Lockin End date 2	Nov 27, 2023	Nov 08, 2023

Financials

Aeroflex Industries IPO P/E ratio is 40.91, as compared to SBFC Finance IPO P/E ratio of 40.42.

Aeroflex Industries IPO

SBFC Finance IPO

Financial

Aeroflex Industries IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	157.19	161.64	183.44	213.98
Revenue	144.94	144.84	240.99	269.48
Profit After Tax	4.69	6.01	27.51	30.15
Net Worth	52.70	58.72	86.22	114.09
Reserves and Surplus
Total Borrowing	63.46	53.07	39.13	45.01

Amount in ₹ Crore

SBFC Finance IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,207.99	4,231.19	4,515.03	5,746.44
Revenue	444.85	511.53	530.70	740.36
Profit After Tax	35.50	85.01	64.52	149.74
Net Worth	752.09	944.72	1,026.78	1,466.88
Reserves and Surplus
Total Borrowing	3,056.38	2,772.55	2,948.82	3,745.83

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

91.09%

78.83%

Promoter Shareholding (Post-Issue)

66.99%

64.03%

P/E Ratio

40.91

40.42

Market Cap

₹6065.78 Cr.

ROE

26.43%%

9.93%%

ROCE

31.96%%

Debt/Equity

0.39

2.2

EPS

₹2.64

₹1.25

RoNW

26.43%%

7.97%%

Shares Offered

In the Aeroflex Industries IPO retail investors (RII) are offered 1,15,08,824 shares while in SBFC Finance IPO retail investors are offered 1,15,08,824 shares. Qualified institutional buyers (QIB) are offered 62,76,490 shares in Aeroflex Industries IPO and 3,56,05,261 shares in SBFC Finance IPO.

	Aeroflex Industries IPO	SBFC Finance IPO
Anchor Investor Reserveration	95,99,980 shares	5,34,07,893 shares
Market Maker Reserveration
QIB	62,76,490 shares	3,56,05,261 shares
NII	49,32,353 shares	2,67,03,948 shares
RII	1,15,08,824 shares	6,23,09,210 shares
Employee	0 shares	18,63,636 shares
Others
Total	2,32,17,667 shares	12,64,82,055 shares

Bids Received (Subscription)

Aeroflex Industries IPO subscribed 97.11x in total, whereas SBFC Finance IPO subscribed 74.06x.

	Aeroflex Industries IPO	SBFC Finance IPO
QIB (times)	194.73x	203.61x
NII (times)	126.13x	51.82x
Big NII (times)	125.80x	56.69x
Small NII (times)	126.80x	42.07x
RII (times)	34.41x	11.60x
Employee (times)		6.21x
Other (times)	28.52x
Total (times)	97.11x	74.06x

Compare with others

Aeroflex Industries IPO	SBFC Finance IPO
EMS IPO	Aeroflex Industries IPO
Jupiter Life Line Hospitals IPO	Pyramid Technoplast IPO
Rishabh Instruments IPO	India Shelter Finance IPO
Ratnaveer Precision Engineering IPO	TVS Supply Chain Solutions IPO
Vishnu Prakash R Punglia IPO	Concord Biotech IPO
Pyramid Technoplast IPO	Yatharth Hospital IPO
India Shelter Finance IPO	Netweb Technologies India IPO
TVS Supply Chain Solutions IPO	Utkarsh Small Finance Bank IPO
Concord Biotech IPO	Senco Gold IPO
SBFC Finance IPO	Cyient DLM IPO

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