Afcom Holdings IPO vs Sunlite Recycling Industries IPO

Comparision between Afcom Holdings IPO and Sunlite Recycling Industries IPO.

IPO Details

Afcom Holdings IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Sunlite Recycling Industries IPO is a SME Book Built Issue proposed to list at NSE SME.

	Afcom Holdings IPO	Sunlite Recycling Industries IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	GYR Capital Advisors Private Limited	Hem Securities Limited
Registrar	Link Intime India Private Ltd	Cameo Corporate Services Limited
Market Maker	Giriraj Stock Broking Private Limited	Hem Finlease Private Limited
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 Afcom Holdings IPO is up to ₹73.83 Cr whereas the issue size of the Sunlite Recycling Industries IPO is up to ₹30.24 Cr. The final issue price of Afcom Holdings IPO is ₹108.00 per share and of Sunlite Recycling Industries IPO is ₹105.00 per share.

	Afcom Holdings IPO	Sunlite Recycling Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹102.00 per share	₹100.00 per share
Issue Price (Upper)	₹108.00 per share	₹105.00 per share
Issue Price (Final)	₹108.00 per share	₹105.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1200 shares	1200 shares
Fresh Issue Size	68,36,400 shares	28,80,000 shares
Fresh Issue Size (Amount)	up to ₹73.83 Cr	up to ₹30.24 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	68,36,400 shares	28,80,000 shares
Issue Size Total (Amount)	up to ₹73.83 Cr	up to ₹30.24 Cr

IPO Timetable

Afcom Holdings IPO opens on Aug 02, 2024, while Sunlite Recycling Industries IPO opens on Aug 12, 2024. The closing date of Afcom Holdings IPO and Sunlite Recycling Industries IPO is Aug 06, 2024, and Aug 14, 2024, respectively.

	Afcom Holdings IPO	Sunlite Recycling Industries IPO
Anchor Bid Date	Jul 01, 2024	Aug 09, 2024
Issue Open	Aug 02, 2024	Aug 12, 2024
Issue Close	Aug 06, 2024	Aug 14, 2024
Basis Of Allotment (Tentative)	Aug 07, 2024	Aug 16, 2024
Initiation of Refunds (Tentative)	Aug 08, 2024	Aug 19, 2024
Credit of Share (Tentative)	Aug 08, 2024	Aug 19, 2024
Listing date (Tentative)	Aug 09, 2024	Aug 20, 2024
Anchor Lockin End date 1	Sep 06, 2024	Sep 15, 2024
Anchor Lockin End date 2	Nov 05, 2024	Nov 14, 2024

Financials

Afcom Holdings IPO P/E ratio is 14.33, as compared to Sunlite Recycling Industries IPO P/E ratio of 9.43.

Afcom Holdings IPO

Sunlite Recycling Industries IPO

Financial

Afcom Holdings Limited Financial Information (Restated)

Period Ended	29 Feb 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	12,929.75	8,285.40	2,514.51	899.92
Revenue	13,416.38	8,490.12	4,866.97	1,388.72
Profit After Tax	2,310.37	1,358.62	514.80	-420.31
Net Worth	10,087.71	7,330.56	2,181.65	-337.19
Reserves and Surplus	8,285.58	5,570.19	1,931.78	-549.95
Total Borrowing	1,547.50	47.60	3.83	1,471.32
Amount in ₹ Lakhs

Sunlite Recycling Industries Limited Financial Information (Restated)

Sunlite Recycling Industries Limited's revenue increased by 1.4% and profit after tax (PAT) rose by 58.92% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	6,321.24	7,162.56	4,802.05	3,743.20
Revenue	116,655.09	115,039.91	93,791.80	39,400.84
Profit After Tax	890.36	560.27	426.03	252.55
Net Worth	2,003.90	362.08	1,158.58	622.18
Reserves and Surplus	1,203.90	312.08
Total Borrowing	3,491.74	4,646.82	2,532.38	1,711.39
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

58.94%

100.00%

Promoter Shareholding (Post-Issue)

73.53%

P/E Ratio

14.33

9.43

Market Cap

₹268.46 Cr.

₹114.24 Cr.

ROE

26.53%%

75.26%%

ROCE

28.30%%

29.49%%

Debt/Equity

0.15

1.74

EPS

₹7.54

₹11.13

RoNW

22.90%%

44.43%%

Shares Offered

In the Afcom Holdings IPO retail investors (RII) are offered 22,75,200 shares while in Sunlite Recycling Industries IPO retail investors are offered 22,75,200 shares. Qualified institutional buyers (QIB) are offered 13,38,000 shares in Afcom Holdings IPO and 5,46,000 shares in Sunlite Recycling Industries IPO.

	Afcom Holdings IPO	Sunlite Recycling Industries IPO
Anchor Investor Reserveration	18,96,000 shares	8,18,400 shares
Market Maker Reserveration	3,54,000 shares	1,48,800 shares
QIB	13,38,000 shares	5,46,000 shares
NII	9,73,200 shares	4,10,400 shares
RII	22,75,200 shares	9,56,400 shares
Employee	0 shares	0 shares
Others
Total	45,86,400 shares	19,12,800 shares

Bids Received (Subscription)

Afcom Holdings IPO subscribed 303.03x in total, whereas Sunlite Recycling Industries IPO subscribed 282.45x.

	Afcom Holdings IPO	Sunlite Recycling Industries IPO
QIB (times)	186.23x	109.05x
NII (times)	697.88x	584.10x
Big NII (times)
Small NII (times)
RII (times)	202.83x	252.00x
Employee (times)
Other (times)
Total (times)	303.03x	282.45x

Compare with others

Afcom Holdings IPO	Sunlite Recycling Industries IPO
Brace Port Logistics IPO	QVC Exports IPO
Sunlite Recycling Industries IPO	Forcas Studio IPO
Positron Energy IPO	Solve Plastic Products IPO
Aesthetik Engineers IPO	Broach Lifecare Hospital IPO
Picture Post Studios IPO	Brace Port Logistics IPO
Dhariwalcorp IPO	Positron Energy IPO
Utssav Cz Gold Jewels IPO	Aesthetik Engineers IPO
Kizi Apparels IPO	Picture Post Studios IPO
Ashapura Logistics IPO	Afcom Holdings IPO
Rajputana Industries IPO	Dhariwalcorp IPO

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