Adani Enterprises FPO vs Divgi TorqTransfer Systems IPO

Comparision between Adani Enterprises FPO and Divgi TorqTransfer Systems IPO.

IPO Details

Adani Enterprises FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Divgi TorqTransfer Systems IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Adani Enterprises FPO	Divgi TorqTransfer Systems IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Jefferies India Private Limited SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited Idbi Capital Market Services Limited Jm Financial Limited Iifl Securities Ltd Monarch Networth Capital Ltd Elara Capital (India) Private Limited	Inga Ventures Pvt Ltd Equirus Capital 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

Issue Size and Price

The total issue size of Adani Enterprises FPO is up to ₹20,000.00 Cr whereas the issue size of the Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr. The final issue price of Adani Enterprises FPO is and of Divgi TorqTransfer Systems IPO is ₹590.00 per share.

	Adani Enterprises FPO	Divgi TorqTransfer Systems IPO
Face Value	₹1 per share	₹5 per share
Issue Price (Lower)	₹3,112.00 per share	₹560.00 per share
Issue Price (Upper)	₹3,276.00 per share	₹590.00 per share
Issue Price (Final)		₹590.00 per share
Discount (Retail)	₹64.00 per share
Discount (Employee)
Market Lot Size	4 shares	25 shares
Fresh Issue Size	6,47,38,475 shares
Fresh Issue Size (Amount)	up to ₹20,000.00 Cr	up to ₹180.00 Cr
OFS Issue Size		39,34,243 shares
OFS Issue Size (Amount)		up to ₹232.12 Cr
Issue Size Total	6,47,38,475 shares
Issue Size Total (Amount)	up to ₹20,000.00 Cr	up to ₹412.12 Cr

IPO Timetable

Adani Enterprises FPO opens on Jan 27, 2023, while Divgi TorqTransfer Systems IPO opens on Mar 01, 2023. The closing date of Adani Enterprises FPO and Divgi TorqTransfer Systems IPO is Jan 31, 2023, and Mar 03, 2023, respectively.

	Adani Enterprises FPO	Divgi TorqTransfer Systems IPO
Anchor Bid Date	Jan 25, 2023	Feb 28, 2023
Issue Open	Jan 27, 2023	Mar 01, 2023
Issue Close	Jan 31, 2023	Mar 03, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Mar 09, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Mar 10, 2023
Credit of Share (Tentative)	Feb 07, 2023	Mar 13, 2023
Listing date (Tentative)	Feb 08, 2023	Mar 14, 2023
Anchor Lockin End date 1	Mar 05, 2023	Apr 08, 2023
Anchor Lockin End date 2	May 04, 2023	Jun 07, 2023

Financials

Adani Enterprises FPO P/E ratio is , as compared to Divgi TorqTransfer Systems IPO P/E ratio of 35.16.

Adani Enterprises FPO

Divgi TorqTransfer Systems IPO

Financial

Adani Enterprises Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	46898.36	44086.21	1039.99	18209.94	12604.91
31-Mar-21	51642.86	40290.93	1045.76	18910.01	16051.42
30-Sep-21	82324.68	26327.73	460.14	23176.28	32189.62
31-Mar-22	101760.19	70432.69	787.7	26928.37	41023.77
30-Sep-22	123091.28	79507.89	901.04	36176.4	40023.5
Amount in ₹ Crore

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	303.70	170.74	28.04	209.53	203.51	50.41
31-Mar-21	362.88	195.03	38.04	295.88	288.99	0.26
31-Mar-22	405.37	241.87	46.15	340.02	326.25	0.12
30-Sep-22	430.21	137.55	25.66	356.20	342.44	0.50
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.63%

67.18%

Promoter Shareholding (Post-Issue)

P/E Ratio

35.16

Market Cap

₹1804.39 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adani Enterprises FPO retail investors (RII) are offered 2,29,08,464 shares while in Divgi TorqTransfer Systems IPO retail investors are offered 2,29,08,464 shares. Qualified institutional buyers (QIB) are offered 1,28,21,336 shares in Adani Enterprises FPO and 20,95,528 shares in Divgi TorqTransfer Systems IPO.

	Adani Enterprises FPO	Divgi TorqTransfer Systems IPO
Anchor Investor Reserveration		31,43,290 shares
Market Maker Reserveration
QIB	1,28,21,336 shares	20,95,528 shares
NII	96,16,323 shares	10,47,763 shares
RII	2,29,08,464 shares	6,98,509 shares
Employee	1,60,668 shares	0 shares
Others
Total	4,55,06,791 shares	38,41,800 shares

Bids Received (Subscription)

Adani Enterprises FPO subscribed 1.12x in total, whereas Divgi TorqTransfer Systems IPO subscribed 5.44x.

	Adani Enterprises FPO	Divgi TorqTransfer Systems IPO
QIB (times)	1.26x	7.83x
NII (times)	3.32x	1.40x
Big NII (times)	4.97x	0.89x
Small NII (times)	0.02x	2.41x
RII (times)	0.12x	4.31x
Employee (times)	0.55x
Other (times)
Total (times)	1.12x	5.44x

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Divgi TorqTransfer Systems IPO	Udayshivakumar Infra IPO
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