Alphalogic IPO vs Smiloshine IPO

Comparision between Alphalogic IPO and Smiloshine IPO.

IPO Details

Alphalogic IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Smiloshine IPO is a SME Fixed Price Issue proposed to list at BSE SME.

	Alphalogic IPO	Smiloshine 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	Finshore Management Services Limited	First Overseas Capital Limited
Registrar	Cameo Corporate Services Limited	Kfin Technologies 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 Alphalogic IPO is up to ₹6.18 Cr whereas the issue size of the Smiloshine IPO is up to ₹4.49 Cr. The final issue price of Alphalogic IPO is ₹84.00 per share and of Smiloshine IPO is ₹24.00 per share.

	Alphalogic IPO	Smiloshine IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)
Issue Price (Upper)
Issue Price (Final)	₹84.00 per share	₹24.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	6000 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,36,000 shares	18,72,000 shares
Issue Size Total (Amount)	up to ₹6.18 Cr	up to ₹4.49 Cr

IPO Timetable

Alphalogic IPO opens on Aug 26, 2019, while Smiloshine IPO opens on Aug 30, 2019. The closing date of Alphalogic IPO and Smiloshine IPO is Aug 28, 2019, and Sep 04, 2019, respectively.

	Alphalogic IPO	Smiloshine IPO
Anchor Bid Date
Issue Open	Aug 26, 2019	Aug 30, 2019
Issue Close	Aug 28, 2019	Sep 04, 2019
Basis Of Allotment (Tentative)	Sep 03, 2019	Sep 09, 2019
Initiation of Refunds (Tentative)	Sep 04, 2019	Sep 11, 2019
Credit of Share (Tentative)	Sep 05, 2019	Sep 12, 2019
Listing date (Tentative)	Sep 05, 2019	Sep 13, 2019
Anchor Lockin End date 1	Oct 03, 2019	Oct 09, 2019
Anchor Lockin End date 2	Dec 02, 2019	Dec 08, 2019

Financials

Alphalogic IPO P/E ratio is , as compared to Smiloshine IPO P/E ratio of .

Alphalogic IPO

Smiloshine IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	415.40	8.64	120.17
Total Revenue	501.21	218.33	188.84
Profit After Tax	219.05	37.09	33.86

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Lakhs)
�	31-March-19	31-March-18	31-March-17
Total Assets	431.61	183.77	189.81
Total Revenue	51.41	11.33	16.18
Profit After Tax	21.85	0.09	(0.30)

Promoter Shareholding (Pre-Issue)

100%

99.35%

Promoter Shareholding (Post-Issue)

73.49%

60.88%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Alphalogic IPO retail investors (RII) are offered 3,50,400 shares while in Smiloshine IPO retail investors are offered 3,50,400 shares. Qualified institutional buyers (QIB) are offered in Alphalogic IPO and in Smiloshine IPO.

	Alphalogic IPO	Smiloshine IPO
Anchor Investor Reserveration
Market Maker Reserveration	36,800 shares	96,000 shares
QIB
NII	3,48,800 shares	8,88,000 shares
RII	3,50,400 shares	8,88,000 shares
Employee
Others
Total	7,36,000 shares	17,76,000 shares

Bids Received (Subscription)

Alphalogic IPO subscribed 1.18x in total, whereas Smiloshine IPO subscribed 1.24x.

	Alphalogic IPO	Smiloshine IPO
QIB (times)
NII (times)	1.96x	1.80x
Big NII (times)
Small NII (times)
RII (times)	0.53x	0.67x
Employee (times)
Other (times)
Total (times)	1.18x	1.24x

Compare with others

Alphalogic IPO	Smiloshine IPO
Galactico IPO	Anuroop IPO
Misquita IPO	Sona Hi Sona IPO
Smiloshine IPO	Goblin IPO
Salasar Exteriors IPO	Galactico IPO
Transpact IPO	Misquita IPO
Shiv Aum IPO	Salasar Exteriors IPO
Wonder Fibromats IPO	Transpact IPO
City Pulse IPO	Alphalogic IPO
SK International IPO	Shiv Aum IPO
AB Infrabuild IPO	Wonder Fibromats IPO

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