Droneacharya Aerial Innovations IPO vs Uma Converter IPO

Comparision between Droneacharya Aerial Innovations IPO and Uma Converter IPO.

IPO Details

Droneacharya Aerial Innovations IPO is a SME Fixed Price Issue IPO proposed to list at BSE SME while Uma Converter IPO is a SME Fixed Price Issue proposed to list at NSE SME.

	Droneacharya Aerial Innovations IPO	Uma Converter IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price Issue
Listing At	BSE SME	NSE SME
Lead Managers	Corporate Capitalventures Pvt Ltd	GYR Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	R.K.Stock Holding Private Limited	Smc Global Securities Ltd.
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Droneacharya Aerial Innovations IPO is up to ₹33.97 Cr whereas the issue size of the Uma Converter IPO is up to ₹18.41 Cr. The final issue price of Droneacharya Aerial Innovations IPO is ₹54.00 per share and of Uma Converter IPO is ₹33.00 per share.

	Droneacharya Aerial Innovations IPO	Uma Converter IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹52.00 per share
Issue Price (Upper)	₹54.00 per share
Issue Price (Final)	₹54.00 per share	₹33.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	4000 shares
Fresh Issue Size	62,90,000 shares	55,80,000 shares
Fresh Issue Size (Amount)	up to ₹33.97 Cr	up to ₹18.41 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	62,90,000 shares	55,80,000 shares
Issue Size Total (Amount)	up to ₹33.97 Cr	up to ₹18.41 Cr

IPO Timetable

Droneacharya Aerial Innovations IPO opens on Dec 13, 2022, while Uma Converter IPO opens on Dec 15, 2022. The closing date of Droneacharya Aerial Innovations IPO and Uma Converter IPO is Dec 15, 2022, and Dec 21, 2022, respectively.

	Droneacharya Aerial Innovations IPO	Uma Converter IPO
Anchor Bid Date	Dec 12, 2022
Issue Open	Dec 13, 2022	Dec 15, 2022
Issue Close	Dec 15, 2022	Dec 21, 2022
Basis Of Allotment (Tentative)	Dec 20, 2022	Dec 26, 2022
Initiation of Refunds (Tentative)	Dec 21, 2022	Dec 27, 2022
Credit of Share (Tentative)	Dec 22, 2022	Dec 28, 2022
Listing date (Tentative)	Dec 23, 2022	Dec 29, 2022
Anchor Lockin End date 1	Jan 19, 2023	Jan 25, 2023
Anchor Lockin End date 2	Mar 20, 2023	Mar 26, 2023

Financials

Droneacharya Aerial Innovations IPO P/E ratio is 45, as compared to Uma Converter IPO P/E ratio of 10.31.

Droneacharya Aerial Innovations IPO

Uma Converter IPO

Financial

Droneacharya Aerial Innovations Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2.51	0	-2.3	0.91	0.82
31-Mar-21	119.13	1	-14.89	104.08	1.27
31-Mar-22	1546.52	358.74	40.65	1447.77	46.25
30-Jun-22	3402.62	308.96	72.06	3357.77	1.02
Amount in ₹ Lakhs

Uma Converter Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	11296.41	10398.45	281.91	3864.47	5385.15
31-Mar-21	13936.02	15911.11	445.09	4314.25	6543.22
31-Mar-22	15140.92	18720.79	494.96	4812.58	7431.19
30-Sep-22	16452.32	9209.58	324.15	5138.42	7856.05
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

38.23%

95.00%

Promoter Shareholding (Post-Issue)

28.21%

68.86%

P/E Ratio

10.31

Market Cap

₹129.54 Cr.

₹66.91 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Droneacharya Aerial Innovations IPO retail investors (RII) are offered 20,92,000 shares while in Uma Converter IPO retail investors are offered 20,92,000 shares. Qualified institutional buyers (QIB) are offered 11,94,000 shares in Droneacharya Aerial Innovations IPO and in Uma Converter IPO.

	Droneacharya Aerial Innovations IPO	Uma Converter IPO
Anchor Investor Reserveration	23,28,000 shares
Market Maker Reserveration	3,16,000 shares	3,00,000 shares
QIB	11,94,000 shares
NII	12,14,000 shares	26,40,000 shares
RII	20,92,000 shares	26,40,000 shares
Employee
Others
Total	45,00,000 shares	52,80,000 shares

Bids Received (Subscription)

Droneacharya Aerial Innovations IPO subscribed 243.70x in total, whereas Uma Converter IPO subscribed 16.66x.

	Droneacharya Aerial Innovations IPO	Uma Converter IPO
QIB (times)	46.21x
NII (times)	287.80x	15.50x
Big NII (times)
Small NII (times)
RII (times)	330.82x	17.82x
Employee (times)
Other (times)
Total (times)	243.70x	16.66x

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