Dharmaj Crop Guard IPO vs Elin Electronics IPO

Comparision between Dharmaj Crop Guard IPO and Elin Electronics IPO.

IPO Details

Dharmaj Crop Guard IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Elin Electronics IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Dharmaj Crop Guard IPO	Elin Electronics 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	Elara Capital (India) Private Limited Monarch Networth Capital Ltd	Axis Capital Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Dharmaj Crop Guard IPO is up to ₹251.15 Cr whereas the issue size of the Elin Electronics IPO is up to ₹475.00 Cr. The final issue price of Dharmaj Crop Guard IPO is ₹237.00 per share and of Elin Electronics IPO is ₹247.00 per share.

	Dharmaj Crop Guard IPO	Elin Electronics IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹216.00 per share	₹234.00 per share
Issue Price (Upper)	₹237.00 per share	₹247.00 per share
Issue Price (Final)	₹237.00 per share	₹247.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	60 shares
Fresh Issue Size	91,13,924 shares
Fresh Issue Size (Amount)	up to ₹216.00 Cr	up to ₹175.00 Cr
OFS Issue Size	14,83,000 shares
OFS Issue Size (Amount)	up to ₹35.15 Cr	up to ₹300.00 Cr
Issue Size Total	1,05,96,924 shares
Issue Size Total (Amount)	up to ₹251.15 Cr	up to ₹475.00 Cr

IPO Timetable

Dharmaj Crop Guard IPO opens on Nov 28, 2022, while Elin Electronics IPO opens on Dec 20, 2022. The closing date of Dharmaj Crop Guard IPO and Elin Electronics IPO is Nov 30, 2022, and Dec 22, 2022, respectively.

	Dharmaj Crop Guard IPO	Elin Electronics IPO
Anchor Bid Date		Dec 19, 2022
Issue Open	Nov 28, 2022	Dec 20, 2022
Issue Close	Nov 30, 2022	Dec 22, 2022
Basis Of Allotment (Tentative)	Dec 05, 2022	Dec 27, 2022
Initiation of Refunds (Tentative)	Dec 06, 2022	Dec 28, 2022
Credit of Share (Tentative)	Dec 06, 2022	Dec 29, 2022
Listing date (Tentative)	Dec 08, 2022	Dec 30, 2022
Anchor Lockin End date 1	Jan 04, 2023	Jan 26, 2023
Anchor Lockin End date 2	Mar 05, 2023	Mar 27, 2023

Financials

Dharmaj Crop Guard IPO P/E ratio is 14.55, as compared to Elin Electronics IPO P/E ratio of 29.69.

Dharmaj Crop Guard IPO

Elin Electronics IPO

Financial

Dharmaj Crop Guard Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	47.66	139.95	5.02	10.46	20.35
31-Mar-20	92.58	199.16	10.76	35.22	20.18
31-Mar-21	128.87	303.56	20.96	56.14	26.92
31-Mar-22	219.54	396.29	28.69	82.82	36.93
31-Jul-22	305.76	221.17	18.36	101.17	51.56
Amount in ₹ Crore

Elin Electronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	397.73	829.74	29.07	86.64
31-Mar-20	387.63	786.37	27.49	69.89
31-Mar-21	508.31	864.9	34.86	113.77
31-Mar-22	532.61	1094.67	39.15	102.33
30-Sep-22	589.24	604.74	20.67	102.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

53.98%

Promoter Shareholding (Post-Issue)

68.64%

32.93%

P/E Ratio

14.55

29.69

Market Cap

₹801.00 Cr.

₹1226.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dharmaj Crop Guard IPO retail investors (RII) are offered 39,99,800 shares while in Elin Electronics IPO retail investors are offered 39,99,800 shares. Qualified institutional buyers (QIB) are offered 22,43,990 shares in Dharmaj Crop Guard IPO and 40,59,824 shares in Elin Electronics IPO.

	Dharmaj Crop Guard IPO	Elin Electronics IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	22,43,990 shares	40,59,824 shares
NII	17,14,200 shares	30,44,869 shares
RII	39,99,800 shares	71,04,693 shares
Employee	55,000 shares	0 shares
Others
Total	80,12,990 shares	1,42,09,386 shares

Bids Received (Subscription)

Dharmaj Crop Guard IPO subscribed 35.49x in total, whereas Elin Electronics IPO subscribed 3.09x.

	Dharmaj Crop Guard IPO	Elin Electronics IPO
QIB (times)	48.21x	4.51x
NII (times)	52.29x	3.29x
Big NII (times)	52.97x	2.99x
Small NII (times)	50.93x	3.89x
RII (times)	21.53x	2.20x
Employee (times)	7.48x
Other (times)
Total (times)	35.49x	3.09x

Compare with others

Dharmaj Crop Guard IPO	Elin Electronics IPO
KFin Technologies IPO	Signatureglobal India IPO
Abans Holdings IPO	Radiant Cash Management IPO
Sah Polymers IPO	KFin Technologies IPO
Elin Electronics IPO	Abans Holdings IPO
Sula Vineyards IPO	Sah Polymers 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
Bikaji Foods IPO	Inox Green Energy IPO

Comments

Add a public comment...