Five Star Business Finance IPO vs Kaynes Technology IPO

Comparision between Five Star Business Finance IPO and Kaynes Technology IPO.

IPO Details

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

	Five Star Business Finance IPO	Kaynes Technology 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd
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 Kaynes Technology IPO is up to ₹857.82 Cr. The final issue price of Five Star Business Finance IPO is ₹474.00 per share and of Kaynes Technology IPO is ₹587.00 per share.

	Five Star Business Finance IPO	Kaynes Technology IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹450.00 per share	₹559.00 per share
Issue Price (Upper)	₹474.00 per share	₹587.00 per share
Issue Price (Final)	₹474.00 per share	₹587.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	31 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹530.00 Cr
OFS Issue Size	3,36,17,061 shares	55,84,664 shares
OFS Issue Size (Amount)	up to ₹1,593.45 Cr	up to ₹327.82 Cr
Issue Size Total	3,36,17,061 shares
Issue Size Total (Amount)	up to ₹1,593.45 Cr	up to ₹857.82 Cr

IPO Timetable

Five Star Business Finance IPO opens on Nov 09, 2022, while Kaynes Technology IPO opens on Nov 10, 2022. The closing date of Five Star Business Finance IPO and Kaynes Technology IPO is Nov 11, 2022, and Nov 14, 2022, respectively.

	Five Star Business Finance IPO	Kaynes Technology IPO
Anchor Bid Date
Issue Open	Nov 09, 2022	Nov 10, 2022
Issue Close	Nov 11, 2022	Nov 14, 2022
Basis Of Allotment (Tentative)	Nov 16, 2022	Nov 17, 2022
Initiation of Refunds (Tentative)	Nov 17, 2022	Nov 18, 2022
Credit of Share (Tentative)	Nov 18, 2022	Nov 21, 2022
Listing date (Tentative)	Nov 21, 2022	Nov 22, 2022
Anchor Lockin End date 1	Dec 16, 2022	Dec 17, 2022
Anchor Lockin End date 2	Feb 14, 2023	Feb 15, 2023

Financials

Five Star Business Finance IPO P/E ratio is 24.76, as compared to Kaynes Technology IPO P/E ratio of 84.95.

Five Star Business Finance IPO

Kaynes Technology 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

Kaynes Technology India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	378.12	370.17	9.36	95.76	143.83
31-Mar-21	419.37	424.66	9.73	136.51	139.47
31-Mar-22	622.42	710.35	41.68	201.82	169.55
30-Jun-22	763.26	199.98	10.05	212	186.38
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

40.07%

79.78%

Promoter Shareholding (Post-Issue)

33.65%

67.39%

P/E Ratio

24.76

84.95

Market Cap

₹13810.75 Cr.

₹3412.97 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 Kaynes Technology 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 29,23,888 shares in Kaynes Technology IPO.

	Five Star Business Finance IPO	Kaynes Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	87,11,132 shares	29,23,888 shares
NII	65,33,350 shares	22,55,858 shares
RII	1,52,44,484 shares	52,63,667 shares
Employee	0 shares	26,833 shares
Others
Total	3,04,88,966 shares	1,04,70,246 shares

Bids Received (Subscription)

Five Star Business Finance IPO subscribed 0.70x in total, whereas Kaynes Technology IPO subscribed 34.16x.

	Five Star Business Finance IPO	Kaynes Technology IPO
QIB (times)	1.77x	98.47x
NII (times)	0.61x	21.21x
Big NII (times)	0.78x	23.07x
Small NII (times)	0.28x	17.47x
RII (times)	0.11x	4.10x
Employee (times)		11.92x
Other (times)
Total (times)	0.70x	34.16x

Compare with others

Five Star Business Finance IPO	Kaynes Technology IPO
Inox Green Energy IPO	Bikaji Foods IPO
Archean Chemical IPO	Fusion Micro Finance IPO
Bikaji Foods IPO	Global Health IPO
Fusion Micro Finance IPO	Five Star Business Finance IPO
Global Health IPO	Uniparts India IPO
Uniparts India IPO	Electronics Mart India IPO
Kaynes Technology IPO	DCX Systems IPO
Electronics Mart India IPO	Tamilnad Mercantile Bank IPO
DCX Systems IPO	Harsha Engineers IPO
Tamilnad Mercantile Bank IPO	Dreamfolks Services IPO

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