Avalon Technologies IPO vs Radiant Cash Management IPO

Comparision between Avalon Technologies IPO and Radiant Cash Management IPO.

IPO Details

Avalon Technologies IPO 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.

	Avalon Technologies IPO	Radiant Cash Management 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	Jm Financial Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	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	IPO Allotment URL

Issue Size and Price

The total issue size of Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.

	Avalon Technologies IPO	Radiant Cash Management IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹415.00 per share	₹94.00 per share
Issue Price (Upper)	₹436.00 per share	₹99.00 per share
Issue Price (Final)	₹436.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	150 shares
Fresh Issue Size	73,39,450 shares	54,54,546 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr	up to ₹54.00 Cr
OFS Issue Size	1,25,00,000 shares	2,12,22,431 shares
OFS Issue Size (Amount)	up to ₹545.00 Cr	up to ₹202.64 Cr
Issue Size Total	1,98,39,450 shares	2,66,76,977 shares
Issue Size Total (Amount)	up to ₹865.00 Cr	up to ₹256.64 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Avalon Technologies IPO and Radiant Cash Management IPO is Apr 06, 2023, and Dec 27, 2022, respectively.

	Avalon Technologies IPO	Radiant Cash Management IPO
Anchor Bid Date	Mar 31, 2023	Dec 22, 2022
Issue Open	Apr 03, 2023	Dec 23, 2022
Issue Close	Apr 06, 2023	Dec 27, 2022
Basis Of Allotment (Tentative)	Apr 12, 2023	Dec 30, 2022
Initiation of Refunds (Tentative)	Apr 13, 2023	Jan 02, 2023
Credit of Share (Tentative)	Apr 17, 2023	Jan 03, 2023
Listing date (Tentative)	Apr 18, 2023	Jan 04, 2023
Anchor Lockin End date 1	May 12, 2023	Jan 29, 2023
Anchor Lockin End date 2	Jul 11, 2023	Mar 30, 2023

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to Radiant Cash Management IPO P/E ratio of 17.34.

Avalon Technologies IPO

Radiant Cash Management IPO

Financial

Avalon Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	449.65	653.15	12.33	248.48
31-Mar-21	512.48	695.90	23.08	295.33
31-Mar-22	587.96	851.65	68.16	294.05
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)

70.75%

66.39%

Promoter Shareholding (Post-Issue)

51.24%

53.21%

P/E Ratio

55.54

17.34

Market Cap

₹2846.76 Cr.

₹1062.41 Cr.

ROE

85.90%%

ROCE

27.40%%

Debt/Equity

3.64

EPS

RoNW

Shares Offered

In the Avalon Technologies IPO retail investors (RII) are offered 19,83,944 shares while in Radiant Cash Management IPO retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 78,37,121 shares in Radiant Cash Management IPO.

	Avalon Technologies IPO	Radiant Cash Management IPO
Anchor Investor Reserveration	89,27,751 shares
Market Maker Reserveration
QIB	59,15,011 shares	78,37,121 shares
NII	29,75,917 shares	58,77,841 shares
RII	19,83,944 shares	1,37,14,963 shares
Employee	0 shares	0 shares
Others
Total	1,08,44,186 shares	2,74,29,925 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

	Avalon Technologies IPO	Radiant Cash Management IPO
QIB (times)	3.77x	1.01x
NII (times)	0.43x	0.66x
Big NII (times)	0.44x	0.94x
Small NII (times)	0.41x	0.09x
RII (times)	0.88x	0.21x
Employee (times)
Other (times)
Total (times)	2.34x	0.53x

Compare with others

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Mankind Pharma IPO	Signatureglobal India IPO
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Divgi TorqTransfer Systems IPO	Sah Polymers IPO
Signatureglobal India IPO	Elin Electronics IPO
Radiant Cash Management IPO	Sula Vineyards IPO

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