Abans Holdings IPO vs Elin Electronics IPO

Comparision between Abans Holdings IPO and Elin Electronics IPO.

IPO Details

Abans Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Elin Electronics IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Abans Holdings IPO	Elin Electronics 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	Aryaman Financial Services Limited	Axis Capital Limited Jm Financial Limited
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
Market Maker
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 Abans Holdings IPO is up to ₹345.60 Cr whereas the issue size of the Elin Electronics IPO is up to ₹475.00 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Elin Electronics IPO is ₹247.00 per share.

	Abans Holdings IPO	Elin Electronics IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹256.00 per share	₹234.00 per share
Issue Price (Upper)	₹270.00 per share	₹247.00 per share
Issue Price (Final)	₹270.00 per share	₹247.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	60 shares
Fresh Issue Size	38,00,000 shares
Fresh Issue Size (Amount)	up to ₹102.60 Cr	up to ₹175.00 Cr
OFS Issue Size	90,00,000 shares
OFS Issue Size (Amount)	up to ₹243.00 Cr	up to ₹300.00 Cr
Issue Size Total	1,28,00,000 shares
Issue Size Total (Amount)	up to ₹345.60 Cr	up to ₹475.00 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Elin Electronics IPO opens on Dec 20, 2022. The closing date of Abans Holdings IPO and Elin Electronics IPO is Dec 15, 2022, and Dec 22, 2022, respectively.

	Abans Holdings IPO	Elin Electronics IPO
Anchor Bid Date	Dec 09, 2022	Dec 19, 2022
Issue Open	Dec 12, 2022	Dec 20, 2022
Issue Close	Dec 15, 2022	Dec 22, 2022
Basis Of Allotment (Tentative)	Dec 20, 2022	Dec 27, 2022
Initiation of Refunds (Tentative)	Dec 21, 2022	Dec 28, 2022
Credit of Share (Tentative)	Dec 22, 2022	Dec 29, 2022
Listing date (Tentative)	Dec 23, 2022	Dec 30, 2022
Anchor Lockin End date 1	Jan 19, 2023	Jan 26, 2023
Anchor Lockin End date 2	Mar 20, 2023	Mar 27, 2023

Financials

Abans Holdings IPO P/E ratio is 18.96, as compared to Elin Electronics IPO P/E ratio of 29.69.

Abans Holdings IPO

Elin Electronics IPO

Financial

Abans Holdings Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1212.98	2771.88	39.22	499.55	318.79
31-Mar-21	1181.51	1331.37	45.8	561.95	267.39
31-Mar-22	1168.69	646.23	61.97	631.11	85.9
31-Aug-22	1230.72	288.31	29.74	678.17	76.92
Amount in ₹ Crore

Elin Electronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	397.73	829.74	29.07	86.64
31-Mar-20	387.63	786.37	27.49	69.89
31-Mar-21	508.31	864.9	34.86	113.77
31-Mar-22	532.61	1094.67	39.15	102.33
30-Sep-22	589.24	604.74	20.67	102.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.42%

53.98%

Promoter Shareholding (Post-Issue)

72.09%

32.93%

P/E Ratio

18.96

29.69

Market Cap

₹1353.94 Cr.

₹1226.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Abans Holdings IPO retail investors (RII) are offered 76,80,000 shares while in Elin Electronics IPO retail investors are offered 76,80,000 shares. Qualified institutional buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 40,59,824 shares in Elin Electronics IPO.

	Abans Holdings IPO	Elin Electronics IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,80,000 shares	40,59,824 shares
NII	38,40,000 shares	30,44,869 shares
RII	76,80,000 shares	71,04,693 shares
Employee	0 shares	0 shares
Others
Total	1,28,00,000 shares	1,42,09,386 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Elin Electronics IPO subscribed 3.09x.

	Abans Holdings IPO	Elin Electronics IPO
QIB (times)	4.10x	4.51x
NII (times)	1.48x	3.29x
Big NII (times)	2.15x	2.99x
Small NII (times)	0.13x	3.89x
RII (times)	0.40x	2.20x
Employee (times)
Other (times)
Total (times)	1.10x	3.09x

Compare with others

Abans Holdings IPO	Elin Electronics IPO
Global Surfaces IPO	Signatureglobal India IPO
Divgi TorqTransfer Systems IPO	Radiant Cash Management IPO
Signatureglobal India IPO	KFin Technologies IPO
Radiant Cash Management IPO	Abans Holdings IPO
KFin Technologies IPO	Sah Polymers IPO
Sah Polymers IPO	Sula Vineyards IPO
Elin Electronics IPO	Dharmaj Crop Guard IPO
Sula Vineyards IPO	Landmark Cars IPO
Dharmaj Crop Guard IPO	Keystone Realtors IPO
Landmark Cars IPO	Inox Green Energy IPO

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