Five Star Business Finance IPO vs Inox Green Energy IPO

Comparision between Five Star Business Finance IPO and Inox Green Energy IPO.

IPO Details

Five Star Business Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Inox Green Energy IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Five Star Business Finance IPO	Inox Green Energy 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 Edelweiss Financial Services Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Edelweiss Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private Limited Idbi Capital Market Services Limited Systematix Corporate Services Limited
Registrar	Kfin Technologies Limited	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 Five Star Business Finance IPO is up to ₹1,593.45 Cr whereas the issue size of the Inox Green Energy IPO is up to ₹740.00 Cr. The final issue price of Five Star Business Finance IPO is ₹474.00 per share and of Inox Green Energy IPO is ₹65.00 per share.

	Five Star Business Finance IPO	Inox Green Energy IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹450.00 per share	₹61.00 per share
Issue Price (Upper)	₹474.00 per share	₹65.00 per share
Issue Price (Final)	₹474.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	31 shares	230 shares
Fresh Issue Size		5,69,23,077 shares
Fresh Issue Size (Amount)		up to ₹370.00 Cr
OFS Issue Size	3,36,17,061 shares	5,69,23,077 shares
OFS Issue Size (Amount)	up to ₹1,593.45 Cr	up to ₹370.00 Cr
Issue Size Total	3,36,17,061 shares	11,38,46,154 shares
Issue Size Total (Amount)	up to ₹1,593.45 Cr	up to ₹740.00 Cr

IPO Timetable

Five Star Business Finance IPO opens on Nov 09, 2022, while Inox Green Energy IPO opens on Nov 11, 2022. The closing date of Five Star Business Finance IPO and Inox Green Energy IPO is Nov 11, 2022, and Nov 15, 2022, respectively.

	Five Star Business Finance IPO	Inox Green Energy IPO
Anchor Bid Date
Issue Open	Nov 09, 2022	Nov 11, 2022
Issue Close	Nov 11, 2022	Nov 15, 2022
Basis Of Allotment (Tentative)	Nov 16, 2022	Nov 18, 2022
Initiation of Refunds (Tentative)	Nov 17, 2022	Nov 21, 2022
Credit of Share (Tentative)	Nov 18, 2022	Nov 22, 2022
Listing date (Tentative)	Nov 21, 2022	Nov 23, 2022
Anchor Lockin End date 1	Dec 16, 2022	Dec 18, 2022
Anchor Lockin End date 2	Feb 14, 2023	Feb 16, 2023

Financials

Five Star Business Finance IPO P/E ratio is 24.76, as compared to Inox Green Energy IPO P/E ratio of -327.

Five Star Business Finance IPO

Inox Green Energy IPO

Financial

Five Star Business Finance Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	4353.15	787.35	261.95	1944.58	2363.69
31-Mar-21	5793.61	1051.26	358.99	2318.17	3425.2
30-Jun-21	6129.1	300.76	101.57	2944.41	3121.22
31-Mar-22	6343.07	1256.17	453.54	3710.35	2558.83
30-Jun-22	6471.55	339.06	139.43	3856.98	2520.32
Amount in ₹ Crore

Inox Green Energy Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2339.86	172.16	1.68	96.54	1084.92
31-Mar-21	2692.8	186.29	-27.73	42.96	1411.02
31-Mar-22	2120.65	190.23	-4.95	806.63	904.17
30-Jun-22	2127.74	63.16	-11.58	795	909.92
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

40.07%

93.84%

Promoter Shareholding (Post-Issue)

33.65%

56.04%

P/E Ratio

24.76

-327

Market Cap

₹13810.75 Cr.

₹1897.61 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Five Star Business Finance IPO retail investors (RII) are offered 1,52,44,484 shares while in Inox Green Energy IPO retail investors are offered 1,52,44,484 shares. Qualified institutional buyers (QIB) are offered 87,11,132 shares in Five Star Business Finance IPO and 3,63,93,442 shares in Inox Green Energy IPO.

	Five Star Business Finance IPO	Inox Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	87,11,132 shares	3,63,93,442 shares
NII	65,33,350 shares	1,81,96,721 shares
RII	1,52,44,484 shares	1,21,31,147 shares
Employee	0 shares	0 shares
Others
Total	3,04,88,966 shares	6,67,21,310 shares

Bids Received (Subscription)

Five Star Business Finance IPO subscribed 0.70x in total, whereas Inox Green Energy IPO subscribed 1.55x.

	Five Star Business Finance IPO	Inox Green Energy IPO
QIB (times)	1.77x	1.05x
NII (times)	0.61x	0.47x
Big NII (times)	0.78x	0.39x
Small NII (times)	0.28x	0.64x
RII (times)	0.11x	4.70x
Employee (times)
Other (times)
Total (times)	0.70x	1.55x

Compare with others

Five Star Business Finance IPO	Inox Green Energy IPO
Inox Green Energy IPO	Elin Electronics IPO
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Bikaji Foods IPO	Dharmaj Crop Guard IPO
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Uniparts India IPO	Archean Chemical IPO
Kaynes Technology IPO	Bikaji Foods IPO
Electronics Mart India IPO	Fusion Micro Finance IPO
DCX Systems IPO	Global Health IPO
Tamilnad Mercantile Bank IPO	Five Star Business Finance IPO

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