Adani Enterprises FPO vs Radiant Cash Management IPO

Comparision between Adani Enterprises FPO and Radiant Cash Management IPO.

IPO Details

Adani Enterprises FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Adani Enterprises FPO	Radiant Cash Management IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Jefferies India Private Limited SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited Idbi Capital Market Services Limited Jm Financial Limited Iifl Securities Ltd Monarch Networth Capital Ltd Elara Capital (India) Private Limited	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Adani Enterprises FPO is up to ₹20,000.00 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Adani Enterprises FPO is and of Radiant Cash Management IPO is ₹94.00 per share.

	Adani Enterprises FPO	Radiant Cash Management IPO
Face Value	₹1 per share	₹1 per share
Issue Price (Lower)	₹3,112.00 per share	₹94.00 per share
Issue Price (Upper)	₹3,276.00 per share	₹99.00 per share
Issue Price (Final)		₹94.00 per share
Discount (Retail)	₹64.00 per share
Discount (Employee)
Market Lot Size	4 shares	150 shares
Fresh Issue Size	6,47,38,475 shares	54,54,546 shares
Fresh Issue Size (Amount)	up to ₹20,000.00 Cr	up to ₹54.00 Cr
OFS Issue Size		2,12,22,431 shares
OFS Issue Size (Amount)		up to ₹202.64 Cr
Issue Size Total	6,47,38,475 shares	2,66,76,977 shares
Issue Size Total (Amount)	up to ₹20,000.00 Cr	up to ₹256.64 Cr

IPO Timetable

Adani Enterprises FPO opens on Jan 27, 2023, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Adani Enterprises FPO and Radiant Cash Management IPO is Jan 31, 2023, and Dec 27, 2022, respectively.

	Adani Enterprises FPO	Radiant Cash Management IPO
Anchor Bid Date	Jan 25, 2023	Dec 22, 2022
Issue Open	Jan 27, 2023	Dec 23, 2022
Issue Close	Jan 31, 2023	Dec 27, 2022
Basis Of Allotment (Tentative)	Feb 03, 2023	Dec 30, 2022
Initiation of Refunds (Tentative)	Feb 06, 2023	Jan 02, 2023
Credit of Share (Tentative)	Feb 07, 2023	Jan 03, 2023
Listing date (Tentative)	Feb 08, 2023	Jan 04, 2023
Anchor Lockin End date 1	Mar 05, 2023	Jan 29, 2023
Anchor Lockin End date 2	May 04, 2023	Mar 30, 2023

Financials

Adani Enterprises FPO P/E ratio is , as compared to Radiant Cash Management IPO P/E ratio of 17.34.

Adani Enterprises FPO

Radiant Cash Management IPO

Financial

Adani Enterprises Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	46898.36	44086.21	1039.99	18209.94	12604.91
31-Mar-21	51642.86	40290.93	1045.76	18910.01	16051.42
30-Sep-21	82324.68	26327.73	460.14	23176.28	32189.62
31-Mar-22	101760.19	70432.69	787.7	26928.37	41023.77
30-Sep-22	123091.28	79507.89	901.04	36176.4	40023.5
Amount in ₹ Crore

Radiant Cash Management Services Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	141.44	223.13	25.02	105.72	17.73
31-Mar-20	157.62	251.78	36.5	119.57	21.13
31-Mar-21	162.14	224.16	32.43	127.1	11.05
31-Mar-22	190.57	286.97	38.21	139.76	26.75
30-Jun-22	203.95	84.38	15.32	155.19	25.54
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.63%

66.39%

Promoter Shareholding (Post-Issue)

53.21%

P/E Ratio

17.34

Market Cap

₹1062.41 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adani Enterprises FPO retail investors (RII) are offered 2,29,08,464 shares while in Radiant Cash Management IPO retail investors are offered 2,29,08,464 shares. Qualified institutional buyers (QIB) are offered 1,28,21,336 shares in Adani Enterprises FPO and 78,37,121 shares in Radiant Cash Management IPO.

	Adani Enterprises FPO	Radiant Cash Management IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,28,21,336 shares	78,37,121 shares
NII	96,16,323 shares	58,77,841 shares
RII	2,29,08,464 shares	1,37,14,963 shares
Employee	1,60,668 shares	0 shares
Others
Total	4,55,06,791 shares	2,74,29,925 shares

Bids Received (Subscription)

Adani Enterprises FPO subscribed 1.12x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

	Adani Enterprises FPO	Radiant Cash Management IPO
QIB (times)	1.26x	1.01x
NII (times)	3.32x	0.66x
Big NII (times)	4.97x	0.94x
Small NII (times)	0.02x	0.09x
RII (times)	0.12x	0.21x
Employee (times)	0.55x
Other (times)
Total (times)	1.12x	0.53x

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