Bikaji Foods IPO vs Inox Green Energy IPO

Comparision between Bikaji Foods IPO and Inox Green Energy IPO.

IPO Details

Bikaji Foods IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Inox Green Energy IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bikaji Foods IPO	Inox Green Energy 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 Axis Capital Limited Iifl Securities Ltd Intensive Fiscal Services Private Limited Kotak Mahindra Capital Company Limited	Edelweiss Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private Limited Idbi Capital Market Services Limited Systematix Corporate Services 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 Bikaji Foods IPO is up to ₹881.22 Cr whereas the issue size of the Inox Green Energy IPO is up to ₹740.00 Cr. The final issue price of Bikaji Foods IPO is ₹300.00 per share and of Inox Green Energy IPO is ₹65.00 per share.

	Bikaji Foods IPO	Inox Green Energy IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹285.00 per share	₹61.00 per share
Issue Price (Upper)	₹300.00 per share	₹65.00 per share
Issue Price (Final)	₹300.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	50 shares	230 shares
Fresh Issue Size		5,69,23,077 shares
Fresh Issue Size (Amount)		up to ₹370.00 Cr
OFS Issue Size	2,93,73,984 shares	5,69,23,077 shares
OFS Issue Size (Amount)	up to ₹881.22 Cr	up to ₹370.00 Cr
Issue Size Total	2,93,73,984 shares	11,38,46,154 shares
Issue Size Total (Amount)	up to ₹881.22 Cr	up to ₹740.00 Cr

IPO Timetable

Bikaji Foods IPO opens on Nov 03, 2022, while Inox Green Energy IPO opens on Nov 11, 2022. The closing date of Bikaji Foods IPO and Inox Green Energy IPO is Nov 07, 2022, and Nov 15, 2022, respectively.

	Bikaji Foods IPO	Inox Green Energy IPO
Anchor Bid Date
Issue Open	Nov 03, 2022	Nov 11, 2022
Issue Close	Nov 07, 2022	Nov 15, 2022
Basis Of Allotment (Tentative)	Nov 11, 2022	Nov 18, 2022
Initiation of Refunds (Tentative)	Nov 14, 2022	Nov 21, 2022
Credit of Share (Tentative)	Nov 15, 2022	Nov 22, 2022
Listing date (Tentative)	Nov 16, 2022	Nov 23, 2022
Anchor Lockin End date 1	Dec 11, 2022	Dec 18, 2022
Anchor Lockin End date 2	Feb 09, 2023	Feb 16, 2023

Financials

Bikaji Foods IPO P/E ratio is 119.05, as compared to Inox Green Energy IPO P/E ratio of -327.

Bikaji Foods IPO

Inox Green Energy IPO

Financial

Bikaji Foods International Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	630.9	910.65	50.93	469.77	72.31
31-Mar-20	676.64	1082.9	56.37	529.16	52.3
31-Mar-21	817.15	1322.21	90.34	604.1	86.15
30-Jun-21	871.96	337.08	12.41	618.45	101.13
31-Mar-22	1102.13	1621.45	76.03	819.26	141.23
30-Jun-22	1146.28	423.82	15.7	834.8	156.39
Amount in ₹ Crore

Inox Green Energy Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2339.86	172.16	1.68	96.54	1084.92
31-Mar-21	2692.8	186.29	-27.73	42.96	1411.02
31-Mar-22	2120.65	190.23	-4.95	806.63	904.17
30-Jun-22	2127.74	63.16	-11.58	795	909.92
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

77.97%

93.84%

Promoter Shareholding (Post-Issue)

75.96%

56.04%

P/E Ratio

119.05

-327

Market Cap

₹7485.30 Cr.

₹1897.61 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bikaji Foods IPO retail investors (RII) are offered 1,01,93,395 shares while in Inox Green Energy IPO retail investors are offered 1,01,93,395 shares. Qualified institutional buyers (QIB) are offered 58,24,797 shares in Bikaji Foods IPO and 3,63,93,442 shares in Inox Green Energy IPO.

	Bikaji Foods IPO	Inox Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	58,24,797 shares	3,63,93,442 shares
NII	43,68,598 shares	1,81,96,721 shares
RII	1,01,93,395 shares	1,21,31,147 shares
Employee	2,50,000 shares	0 shares
Others
Total	2,06,36,790 shares	6,67,21,310 shares

Bids Received (Subscription)

Bikaji Foods IPO subscribed 26.67x in total, whereas Inox Green Energy IPO subscribed 1.55x.

	Bikaji Foods IPO	Inox Green Energy IPO
QIB (times)	80.63x	1.05x
NII (times)	7.10x	0.47x
Big NII (times)	7.47x	0.39x
Small NII (times)	6.34x	0.64x
RII (times)	4.77x	4.70x
Employee (times)	4.38x
Other (times)
Total (times)	26.67x	1.55x

Compare with others

Bikaji Foods IPO	Inox Green Energy IPO
Dharmaj Crop Guard IPO	Elin Electronics IPO
Landmark Cars IPO	Sula Vineyards IPO
Keystone Realtors IPO	Dharmaj Crop Guard IPO
Inox Green Energy IPO	Landmark Cars IPO
Archean Chemical IPO	Keystone Realtors IPO
Fusion Micro Finance IPO	Archean Chemical IPO
Global Health IPO	Bikaji Foods IPO
Five Star Business Finance IPO	Fusion Micro Finance IPO
Uniparts India IPO	Global Health IPO
Kaynes Technology IPO	Five Star Business Finance IPO

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