Fedbank Financial Services IPO vs Flair Writing IPO

Comparision between Fedbank Financial Services IPO and Flair Writing IPO.

IPO Details

Fedbank Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Flair Writing IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fedbank Financial Services IPO	Flair Writing 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	ICICI Securities Limited Bnp Paribas Equirus Capital Private Limited Jm Financial Limited	Nuvama Wealth Management Limited Axis Capital 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 Fedbank Financial Services IPO is up to ₹1,092.26 Cr whereas the issue size of the Flair Writing IPO is up to ₹593.00 Cr. The final issue price of Fedbank Financial Services IPO is ₹140.00 per share and of Flair Writing IPO is ₹304.00 per share.

	Fedbank Financial Services IPO	Flair Writing IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹133.00 per share	₹288.00 per share
Issue Price (Upper)	₹140.00 per share	₹304.00 per share
Issue Price (Final)	₹140.00 per share	₹304.00 per share
Discount (Retail)
Discount (Employee)	₹10.00 per share
Market Lot Size	107 shares	49 shares
Fresh Issue Size	4,29,12,087 shares	96,05,263 shares
Fresh Issue Size (Amount)	up to ₹600.77 Cr	up to ₹292.00 Cr
OFS Issue Size	3,51,61,723 shares	99,01,315 shares
OFS Issue Size (Amount)	up to ₹492.26 Cr	up to ₹301.00 Cr
Issue Size Total	7,80,73,810 shares	1,95,06,578 shares
Issue Size Total (Amount)	up to ₹1,092.26 Cr	up to ₹593.00 Cr

IPO Timetable

Fedbank Financial Services IPO opens on Nov 22, 2023, while Flair Writing IPO opens on Nov 22, 2023. The closing date of Fedbank Financial Services IPO and Flair Writing IPO is Nov 24, 2023, and Nov 24, 2023, respectively.

	Fedbank Financial Services IPO	Flair Writing IPO
Anchor Bid Date	Nov 21, 2023	Nov 21, 2023
Issue Open	Nov 22, 2023	Nov 22, 2023
Issue Close	Nov 24, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 28, 2023	Nov 29, 2023
Initiation of Refunds (Tentative)	Nov 28, 2023	Nov 30, 2023
Credit of Share (Tentative)	Nov 29, 2023	Nov 30, 2023
Listing date (Tentative)	Nov 30, 2023	Dec 01, 2023
Anchor Lockin End date 1	Dec 28, 2023	Dec 29, 2023
Anchor Lockin End date 2	Feb 26, 2024	Feb 27, 2024

Financials

Fedbank Financial Services IPO P/E ratio is 25.04, as compared to Flair Writing IPO P/E ratio of 23.36.

Fedbank Financial Services IPO

Flair Writing IPO

Financial

Fedbank Financial Services Limited Financial Information (Restated)

Fedbank Financial Services Limited's revenue increased by 37.46% and profit after tax (PAT) rose by 74.11% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,412.51	9,070.99	6,555.71	5,466.31
Revenue	367.87	1,214.68	883.64	697.57
Profit After Tax	53.88	180.13	103.46	61.68
Net Worth	1,414.90	1,355.68	1,153.52	834.73
Reserves and Surplus	1,076.67	1,021.52	832.00	544.45
Total Borrowing	7,619.52	7,135.82	5,016.84	4,328.09
Amount in ₹ Crore

Flair Writing Industries Limited Financial Information (Restated Consolidated)

Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	765.04	684.18	557.49	480.66
Revenue	248.50	954.29	587.64	310.87
Profit After Tax	32.14	118.10	55.15	0.99
Net Worth	470.16	437.99	319.86	264.65
Reserves and Surplus	423.46	391.29	296.50	241.31
Total Borrowing	126.67	115.59	126.33	130.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.28%

97.49%

Promoter Shareholding (Post-Issue)

62.40%

79.21%

P/E Ratio

25.04

23.36

Market Cap

₹5165.06 Cr.

₹3204.00 Cr.

ROE

14.36%%

31.17%%

ROCE

31.24%%

Debt/Equity

0.26

EPS

₹5.60

₹12.33

RoNW

13.29%%

31.17%%

Shares Offered

In the Fedbank Financial Services IPO retail investors (RII) are offered 2,70,56,603 shares while in Flair Writing IPO retail investors are offered 2,70,56,603 shares. Qualified institutional buyers (QIB) are offered 1,54,60,916 shares in Fedbank Financial Services IPO and 39,01,316 shares in Flair Writing IPO.

	Fedbank Financial Services IPO	Flair Writing IPO
Anchor Investor Reserveration	2,31,91,374 shares	58,51,972 shares
Market Maker Reserveration
QIB	1,54,60,916 shares	39,01,316 shares
NII	1,15,95,687 shares	29,25,987 shares
RII	2,70,56,603 shares	68,27,302 shares
Employee	8,13,008 shares	0 shares
Others
Total	5,49,26,214 shares	1,36,54,605 shares

Bids Received (Subscription)

Fedbank Financial Services IPO subscribed 2.24x in total, whereas Flair Writing IPO subscribed 49.28x.

	Fedbank Financial Services IPO	Flair Writing IPO
QIB (times)	3.48x	122.02x
NII (times)	1.49x	35.23x
Big NII (times)	1.27x	36.53x
Small NII (times)	1.95x	32.61x
RII (times)	1.88x	13.73x
Employee (times)	1.34x
Other (times)
Total (times)	2.24x	49.28x

Compare with others

Fedbank Financial Services IPO	Flair Writing IPO
Muthoot Microfin IPO	Mukka Proteins IPO
DOMS IPO	Happy Forgings IPO
Allied Blenders IPO	Muthoot Microfin IPO
Flair Writing IPO	DOMS IPO
IREDA IPO	Allied Blenders IPO
Gandhar Oil Refinery India IPO	IREDA IPO
ASK Automotive IPO	Fedbank Financial Services IPO
ESAF Small Finance Bank IPO	Gandhar Oil Refinery India IPO
Cello World Limited IPO	ASK Automotive IPO
Mamaearth IPO	ESAF Small Finance Bank IPO

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