Bikaji Foods IPO vs Keystone Realtors IPO

Comparision between Bikaji Foods IPO and Keystone Realtors IPO.

IPO Details

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

	Bikaji Foods IPO	Keystone Realtors 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	Axis Capital Limited Credit Suisse Securities (India) Private 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 Keystone Realtors IPO is up to ₹635.00 Cr. The final issue price of Bikaji Foods IPO is ₹300.00 per share and of Keystone Realtors IPO is ₹541.00 per share.

	Bikaji Foods IPO	Keystone Realtors IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹285.00 per share	₹514.00 per share
Issue Price (Upper)	₹300.00 per share	₹541.00 per share
Issue Price (Final)	₹300.00 per share	₹541.00 per share
Discount (Retail)
Discount (Employee)	₹15.00 per share
Market Lot Size	50 shares	27 shares
Fresh Issue Size		1,03,51,201 shares
Fresh Issue Size (Amount)		up to ₹560.00 Cr
OFS Issue Size	2,93,73,984 shares	13,86,322 shares
OFS Issue Size (Amount)	up to ₹881.22 Cr	up to ₹75.00 Cr
Issue Size Total	2,93,73,984 shares	1,17,37,523 shares
Issue Size Total (Amount)	up to ₹881.22 Cr	up to ₹635.00 Cr

IPO Timetable

Bikaji Foods IPO opens on Nov 03, 2022, while Keystone Realtors IPO opens on Nov 14, 2022. The closing date of Bikaji Foods IPO and Keystone Realtors IPO is Nov 07, 2022, and Nov 16, 2022, respectively.

	Bikaji Foods IPO	Keystone Realtors IPO
Anchor Bid Date
Issue Open	Nov 03, 2022	Nov 14, 2022
Issue Close	Nov 07, 2022	Nov 16, 2022
Basis Of Allotment (Tentative)	Nov 11, 2022	Nov 21, 2022
Initiation of Refunds (Tentative)	Nov 14, 2022	Nov 22, 2022
Credit of Share (Tentative)	Nov 15, 2022	Nov 23, 2022
Listing date (Tentative)	Nov 16, 2022	Nov 24, 2022
Anchor Lockin End date 1	Dec 11, 2022	Dec 21, 2022
Anchor Lockin End date 2	Feb 09, 2023	Feb 19, 2023

Financials

Bikaji Foods IPO P/E ratio is 119.05, as compared to Keystone Realtors IPO P/E ratio of 365.54.

Bikaji Foods IPO

Keystone Realtors 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

Keystone Realtors Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	4153.07	2142.65	137.74	1372.4
31-Mar-20	4415.31	1268.6	14.49	1220.26
31-Mar-21	3654.1	1177.27	231.82	2513.9
30-Jun-21	3676.24	91.4	-0.97	1145.56
31-Mar-22	3876.84	1302.97	135.83	1557.96
30-Jun-22	3910.15	176	4.22	1468.83
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

77.97%

96.71%

Promoter Shareholding (Post-Issue)

75.96%

87.92%

P/E Ratio

119.05

365.54

Market Cap

₹7485.30 Cr.

₹6160.77 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 Keystone Realtors 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 24,70,816 shares in Keystone Realtors IPO.

	Bikaji Foods IPO	Keystone Realtors IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	58,24,797 shares	24,70,816 shares
NII	43,68,598 shares	18,53,113 shares
RII	1,01,93,395 shares	43,23,929 shares
Employee	2,50,000 shares	0 shares
Others
Total	2,06,36,790 shares	86,47,858 shares

Bids Received (Subscription)

Bikaji Foods IPO subscribed 26.67x in total, whereas Keystone Realtors IPO subscribed 2.01x.

	Bikaji Foods IPO	Keystone Realtors IPO
QIB (times)	80.63x	3.84x
NII (times)	7.10x	3.03x
Big NII (times)	7.47x	3.78x
Small NII (times)	6.34x	1.53x
RII (times)	4.77x	0.53x
Employee (times)	4.38x
Other (times)
Total (times)	26.67x	2.01x

Compare with others

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

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