Divgi TorqTransfer Systems IPO vs KFin Technologies IPO

Comparision between Divgi TorqTransfer Systems IPO and KFin Technologies IPO.

IPO Details

Divgi TorqTransfer Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while KFin Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Divgi TorqTransfer Systems IPO	KFin Technologies 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	Inga Ventures Pvt Ltd Equirus Capital Private Limited	ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd Jefferies India Private Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr whereas the issue size of the KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Divgi TorqTransfer Systems IPO is ₹590.00 per share and of KFin Technologies IPO is ₹366.00 per share.

	Divgi TorqTransfer Systems IPO	KFin Technologies IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹560.00 per share	₹347.00 per share
Issue Price (Upper)	₹590.00 per share	₹366.00 per share
Issue Price (Final)	₹590.00 per share	₹366.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹180.00 Cr
OFS Issue Size	39,34,243 shares	4,09,83,607 shares
OFS Issue Size (Amount)	up to ₹232.12 Cr	up to ₹1,500.00 Cr
Issue Size Total		4,09,83,607 shares
Issue Size Total (Amount)	up to ₹412.12 Cr	up to ₹1,500.00 Cr

IPO Timetable

Divgi TorqTransfer Systems IPO opens on Mar 01, 2023, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Divgi TorqTransfer Systems IPO and KFin Technologies IPO is Mar 03, 2023, and Dec 21, 2022, respectively.

	Divgi TorqTransfer Systems IPO	KFin Technologies IPO
Anchor Bid Date	Feb 28, 2023	Dec 16, 2022
Issue Open	Mar 01, 2023	Dec 19, 2022
Issue Close	Mar 03, 2023	Dec 21, 2022
Basis Of Allotment (Tentative)	Mar 09, 2023	Dec 26, 2022
Initiation of Refunds (Tentative)	Mar 10, 2023	Dec 27, 2022
Credit of Share (Tentative)	Mar 13, 2023	Dec 28, 2022
Listing date (Tentative)	Mar 14, 2023	Dec 29, 2022
Anchor Lockin End date 1	Apr 08, 2023	Jan 25, 2023
Anchor Lockin End date 2	Jun 07, 2023	Mar 26, 2023

Financials

Divgi TorqTransfer Systems IPO P/E ratio is 35.16, as compared to KFin Technologies IPO P/E ratio of 35.92.

Divgi TorqTransfer Systems IPO

KFin Technologies IPO

Financial

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

KFin Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1021.78	164.76	8.96	519.28	406.01
31-Mar-20	868.38	455.26	4.52	409.58	375.44
31-Mar-21	922.61	486.2	-64.51	346.4	346.13
30-Sep-21	973.26	293.43	67.8	269.95	321.44
31-Mar-22	1026.41	645.56	148.55	644.34	122.51
30-Sep-22	1114.81	353.76	85.34	736.72	126.24
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

67.18%

74.37%

Promoter Shareholding (Post-Issue)

49.91%

P/E Ratio

35.16

35.92

Market Cap

₹1804.39 Cr.

₹6133.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Divgi TorqTransfer Systems IPO retail investors (RII) are offered 6,98,509 shares while in KFin Technologies IPO retail investors are offered 6,98,509 shares. Qualified institutional buyers (QIB) are offered 20,95,528 shares in Divgi TorqTransfer Systems IPO and 1,29,68,300 shares in KFin Technologies IPO.

	Divgi TorqTransfer Systems IPO	KFin Technologies IPO
Anchor Investor Reserveration	31,43,290 shares	1,84,42,623 shares
Market Maker Reserveration
QIB	20,95,528 shares	1,29,68,300 shares
NII	10,47,763 shares	64,84,149 shares
RII	6,98,509 shares	43,22,766 shares
Employee	0 shares	0 shares
Others
Total	38,41,800 shares	2,37,75,215 shares

Bids Received (Subscription)

Divgi TorqTransfer Systems IPO subscribed 5.44x in total, whereas KFin Technologies IPO subscribed 2.59x.

	Divgi TorqTransfer Systems IPO	KFin Technologies IPO
QIB (times)	7.83x	4.17x
NII (times)	1.40x	0.23x
Big NII (times)	0.89x	0.25x
Small NII (times)	2.41x	0.20x
RII (times)	4.31x	1.36x
Employee (times)
Other (times)
Total (times)	5.44x	2.59x

Compare with others

Divgi TorqTransfer Systems IPO	KFin Technologies IPO
Nexus Select Trust REIT	Udayshivakumar Infra IPO
Mankind Pharma IPO	Global Surfaces IPO
Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
Udayshivakumar Infra IPO	Signatureglobal India IPO
Global Surfaces IPO	Radiant Cash Management 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	Dharmaj Crop Guard IPO

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