Fedbank Financial Services IPO vs IREDA IPO

Comparision between Fedbank Financial Services IPO and IREDA IPO.

IPO Details

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

	Fedbank Financial Services IPO	IREDA 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	Idbi Capital Market Services Limited Bob Capital Markets Limited SBI Capital Markets 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 IREDA IPO is up to ₹2,150.21 Cr. The final issue price of Fedbank Financial Services IPO is ₹140.00 per share and of IREDA IPO is ₹32.00 per share.

	Fedbank Financial Services IPO	IREDA IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹30.00 per share
Issue Price (Upper)	₹140.00 per share	₹32.00 per share
Issue Price (Final)	₹140.00 per share	₹32.00 per share
Discount (Retail)
Discount (Employee)	₹10.00 per share
Market Lot Size	107 shares	460 shares
Fresh Issue Size	4,29,12,087 shares	40,31,64,706 shares
Fresh Issue Size (Amount)	up to ₹600.77 Cr	up to ₹1,290.13 Cr
OFS Issue Size	3,51,61,723 shares	26,87,76,471 shares
OFS Issue Size (Amount)	up to ₹492.26 Cr	up to ₹860.08 Cr
Issue Size Total	7,80,73,810 shares	67,19,41,177 shares
Issue Size Total (Amount)	up to ₹1,092.26 Cr	up to ₹2,150.21 Cr

IPO Timetable

Fedbank Financial Services IPO opens on Nov 22, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of Fedbank Financial Services IPO and IREDA IPO is Nov 24, 2023, and Nov 23, 2023, respectively.

	Fedbank Financial Services IPO	IREDA IPO
Anchor Bid Date	Nov 21, 2023	Nov 20, 2023
Issue Open	Nov 22, 2023	Nov 21, 2023
Issue Close	Nov 24, 2023	Nov 23, 2023
Basis Of Allotment (Tentative)	Nov 28, 2023	Nov 24, 2023
Initiation of Refunds (Tentative)	Nov 28, 2023	Nov 25, 2023
Credit of Share (Tentative)	Nov 29, 2023	Nov 28, 2023
Listing date (Tentative)	Nov 30, 2023	Nov 29, 2023
Anchor Lockin End date 1	Dec 28, 2023	Dec 24, 2023
Anchor Lockin End date 2	Feb 26, 2024	Feb 22, 2024

Financials

Fedbank Financial Services IPO P/E ratio is 25.04, as compared to IREDA IPO P/E ratio of 8.47.

Fedbank Financial Services IPO

IREDA 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

Indian Renewable Energy Development Agency Limited Financial Information (Restated Standalone)

Indian Renewable Energy Development Agency Limited's revenue increased by 21.18% and profit after tax (PAT) rose by 36.48% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	51,208.36	50,446.98	36,708.41	30,293.39
Revenue	2,320.46	3,483.04	2,874.16	2,657.74
Profit After Tax	579.32	864.63	633.53	346.38
Net Worth	6,580.61	5,935.17	5,268.11	2,995.60
Reserves and Surplus	2,550.36	2,310.96	1,776.05	1,386.12
Total Borrowing	39,850.19	40,165.23	27,613.07	24,000.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.28%

100%

Promoter Shareholding (Post-Issue)

62.40%

75%

P/E Ratio

25.04

8.47

Market Cap

₹5165.06 Cr.

₹8600.85 Cr.

ROE

14.36%%

15.44%%

ROCE

Debt/Equity

6.77

EPS

₹5.60

₹3.78

RoNW

13.29%%

15.44%%

Shares Offered

In the Fedbank Financial Services IPO retail investors (RII) are offered 2,70,56,603 shares while in IREDA 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 13,40,13,152 shares in IREDA IPO.

	Fedbank Financial Services IPO	IREDA IPO
Anchor Investor Reserveration	2,31,91,374 shares	20,10,19,726 shares
Market Maker Reserveration
QIB	1,54,60,916 shares	13,40,13,152 shares
NII	1,15,95,687 shares	10,05,09,864 shares
RII	2,70,56,603 shares	23,45,23,015 shares
Employee	8,13,008 shares	18,75,420 shares
Others
Total	5,49,26,214 shares	47,09,21,451 shares

Bids Received (Subscription)

Fedbank Financial Services IPO subscribed 2.24x in total, whereas IREDA IPO subscribed 38.80x.

	Fedbank Financial Services IPO	IREDA IPO
QIB (times)	3.48x	104.57x
NII (times)	1.49x	24.16x
Big NII (times)	1.27x	26.99x
Small NII (times)	1.95x	18.50x
RII (times)	1.88x	7.73x
Employee (times)	1.34x	9.80x
Other (times)
Total (times)	2.24x	38.80x

Compare with others

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

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