Bikaji Foods IPO vs Kaynes Technology IPO

Comparision between Bikaji Foods IPO and Kaynes Technology IPO.

IPO Details

Bikaji Foods IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Kaynes Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bikaji Foods IPO	Kaynes Technology 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd
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 Kaynes Technology IPO is up to ₹857.82 Cr. The final issue price of Bikaji Foods IPO is ₹300.00 per share and of Kaynes Technology IPO is ₹587.00 per share.

	Bikaji Foods IPO	Kaynes Technology IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹285.00 per share	₹559.00 per share
Issue Price (Upper)	₹300.00 per share	₹587.00 per share
Issue Price (Final)	₹300.00 per share	₹587.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	50 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹530.00 Cr
OFS Issue Size	2,93,73,984 shares	55,84,664 shares
OFS Issue Size (Amount)	up to ₹881.22 Cr	up to ₹327.82 Cr
Issue Size Total	2,93,73,984 shares
Issue Size Total (Amount)	up to ₹881.22 Cr	up to ₹857.82 Cr

IPO Timetable

Bikaji Foods IPO opens on Nov 03, 2022, while Kaynes Technology IPO opens on Nov 10, 2022. The closing date of Bikaji Foods IPO and Kaynes Technology IPO is Nov 07, 2022, and Nov 14, 2022, respectively.

	Bikaji Foods IPO	Kaynes Technology IPO
Anchor Bid Date
Issue Open	Nov 03, 2022	Nov 10, 2022
Issue Close	Nov 07, 2022	Nov 14, 2022
Basis Of Allotment (Tentative)	Nov 11, 2022	Nov 17, 2022
Initiation of Refunds (Tentative)	Nov 14, 2022	Nov 18, 2022
Credit of Share (Tentative)	Nov 15, 2022	Nov 21, 2022
Listing date (Tentative)	Nov 16, 2022	Nov 22, 2022
Anchor Lockin End date 1	Dec 11, 2022	Dec 17, 2022
Anchor Lockin End date 2	Feb 09, 2023	Feb 15, 2023

Financials

Bikaji Foods IPO P/E ratio is 119.05, as compared to Kaynes Technology IPO P/E ratio of 84.95.

Bikaji Foods IPO

Kaynes Technology 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

Kaynes Technology India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	378.12	370.17	9.36	95.76	143.83
31-Mar-21	419.37	424.66	9.73	136.51	139.47
31-Mar-22	622.42	710.35	41.68	201.82	169.55
30-Jun-22	763.26	199.98	10.05	212	186.38
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

77.97%

79.78%

Promoter Shareholding (Post-Issue)

75.96%

67.39%

P/E Ratio

119.05

84.95

Market Cap

₹7485.30 Cr.

₹3412.97 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 Kaynes Technology 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 29,23,888 shares in Kaynes Technology IPO.

	Bikaji Foods IPO	Kaynes Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	58,24,797 shares	29,23,888 shares
NII	43,68,598 shares	22,55,858 shares
RII	1,01,93,395 shares	52,63,667 shares
Employee	2,50,000 shares	26,833 shares
Others
Total	2,06,36,790 shares	1,04,70,246 shares

Bids Received (Subscription)

Bikaji Foods IPO subscribed 26.67x in total, whereas Kaynes Technology IPO subscribed 34.16x.

	Bikaji Foods IPO	Kaynes Technology IPO
QIB (times)	80.63x	98.47x
NII (times)	7.10x	21.21x
Big NII (times)	7.47x	23.07x
Small NII (times)	6.34x	17.47x
RII (times)	4.77x	4.10x
Employee (times)	4.38x	11.92x
Other (times)
Total (times)	26.67x	34.16x

Compare with others

Bikaji Foods IPO	Kaynes Technology IPO
Dharmaj Crop Guard IPO	Bikaji Foods IPO
Landmark Cars IPO	Fusion Micro Finance IPO
Keystone Realtors IPO	Global Health IPO
Inox Green Energy IPO	Five Star Business Finance IPO
Archean Chemical IPO	Uniparts India IPO
Fusion Micro Finance IPO	Electronics Mart India IPO
Global Health IPO	DCX Systems IPO
Five Star Business Finance IPO	Tamilnad Mercantile Bank IPO
Uniparts India IPO	Harsha Engineers IPO
Kaynes Technology IPO	Dreamfolks Services IPO

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