Avi Ansh Textile IPO vs TechEra Engineering IPO

Comparision between Avi Ansh Textile IPO and TechEra Engineering IPO.

IPO Details

Avi Ansh Textile IPO is a SME Book Built Issue IPO proposed to list at NSE SME while TechEra Engineering IPO is a SME Book Built Issue proposed to list at NSE SME.

	Avi Ansh Textile IPO	TechEra Engineering IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	3Dimension Capital Services Limited	SKI Capital Services Limited
Registrar	Skyline Financial Services Private Ltd	Kfin Technologies Limited
Market Maker	Nikunj Stock Brokers Limited	SKI Capital Services Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Avi Ansh Textile IPO is up to ₹25.99 Cr whereas the issue size of the TechEra Engineering IPO is up to ₹35.90 Cr. The final issue price of Avi Ansh Textile IPO is ₹62.00 per share and of TechEra Engineering IPO is ₹82.00 per share.

	Avi Ansh Textile IPO	TechEra Engineering IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹75.00 per share
Issue Price (Upper)		₹82.00 per share
Issue Price (Final)	₹62.00 per share	₹82.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	41,92,000 shares	43,77,600 shares
Fresh Issue Size (Amount)	up to ₹25.99 Cr	up to ₹35.90 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	41,92,000 shares	43,77,600 shares
Issue Size Total (Amount)	up to ₹25.99 Cr	up to ₹35.90 Cr

IPO Timetable

Avi Ansh Textile IPO opens on Sep 20, 2024, while TechEra Engineering IPO opens on Sep 25, 2024. The closing date of Avi Ansh Textile IPO and TechEra Engineering IPO is Sep 24, 2024, and Sep 27, 2024, respectively.

	Avi Ansh Textile IPO	TechEra Engineering IPO
Anchor Bid Date		Sep 24, 2024
Issue Open	Sep 20, 2024	Sep 25, 2024
Issue Close	Sep 24, 2024	Sep 27, 2024
Basis Of Allotment (Tentative)	Sep 25, 2024	Sep 30, 2024
Initiation of Refunds (Tentative)	Sep 26, 2024	Oct 01, 2024
Credit of Share (Tentative)	Sep 26, 2024	Oct 01, 2024
Listing date (Tentative)	Sep 27, 2024	Oct 03, 2024
Anchor Lockin End date 1		Oct 30, 2024
Anchor Lockin End date 2		Dec 29, 2024

Financials

Avi Ansh Textile IPO P/E ratio is 18.31, as compared to TechEra Engineering IPO P/E ratio of 20.65.

Avi Ansh Textile IPO

TechEra Engineering IPO

Financial

Avi Ansh Textile Limited Financial Information (Restated)

Avi Ansh Textile Limited's revenue increased by 17% and profit after tax (PAT) rose by 1053% 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	6,522.64	4,692.35	4,336.85	4,694.81
Revenue	14,214.65	12,149.57	12,016.76	7,264.3
Profit After Tax	331.35	28.74	155.55	68.2
Net Worth	1,587.22	1,256.74	1,229.62	1,076.34
Reserves and Surplus	608.73	278.25	251.13	97.85
Total Borrowing	4,481.21	3,193.46	2,659.87	3,375.46
Amount in ₹ Lakhs

TechEra Engineering LImited Financial Information (Restated)

TechEra Engineering LImited's revenue increased by 47% and profit after tax (PAT) rose by 270% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	37.24	39.21	21.36
Revenue	39.08	26.59	7.37
Profit After Tax	4.82	1.31	-6.29
Net Worth	15.9	11.08	9.78
Reserves and Surplus	3.76	-2.72	-4.02
Total Borrowing	14.3	13.77	8.87
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

95.67%

57.48%

Promoter Shareholding (Post-Issue)

66.98%

P/E Ratio

18.31

20.65

Market Cap

₹86.67 Cr.

₹135.47 Cr.

ROE

20.88%%

30.33%%

ROCE

15.88%%

23..47%%

Debt/Equity

2.82

0.9

EPS

₹3.39

₹3.97

RoNW

20.88%%

30.33%%

Shares Offered

In the Avi Ansh Textile IPO retail investors (RII) are offered 19,89,835 shares while in TechEra Engineering IPO retail investors are offered 19,89,835 shares. Qualified institutional buyers (QIB) are offered 0 shares in Avi Ansh Textile IPO and 8,32,000 shares in TechEra Engineering IPO.

	Avi Ansh Textile IPO	TechEra Engineering IPO
Anchor Investor Reserveration		12,46,400 shares
Market Maker Reserveration	2,12,000 shares	2,19,200 shares
QIB	0 shares	8,32,000 shares
NII	19,91,706 shares	6,24,000 shares
RII	19,89,835 shares	14,56,000 shares
Employee	0 shares	0 shares
Others
Total	39,81,542 shares	29,12,000 shares

Bids Received (Subscription)

Avi Ansh Textile IPO subscribed 8.32x in total, whereas TechEra Engineering IPO subscribed 10.84x.

	Avi Ansh Textile IPO	TechEra Engineering IPO
QIB (times)		0.27x
NII (times)	5.25x	8.88x
Big NII (times)
Small NII (times)
RII (times)	11.38x	17.71x
Employee (times)
Other (times)
Total (times)	8.32x	10.84x

Compare with others

Avi Ansh Textile IPO	TechEra Engineering IPO
Thinking Hats Entertainment Solutions IPO	Forge Auto International IPO
Unilex Colours and Chemicals IPO	Sahasra Electronics Solutions IPO
TechEra Engineering IPO	Saj Hotels IPO
Divyadhan Recycling Industries IPO	Thinking Hats Entertainment Solutions IPO
Kalana Ispat IPO	Unilex Colours and Chemicals IPO
Rappid Valves (India) IPO	Divyadhan Recycling Industries IPO
Phoenix Overseas IPO	Kalana Ispat IPO
WOL 3D IPO	Avi Ansh Textile IPO
SD Retail IPO	Rappid Valves (India) IPO
BikeWo GreenTech IPO	Phoenix Overseas IPO

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