IBL Finance IPO vs New Swan Multitech IPO

Comparision between IBL Finance IPO and New Swan Multitech IPO.

IPO Details

IBL Finance IPO is a SME Book Built Issue IPO proposed to list at NSE SME while New Swan Multitech IPO is a SME Book Built Issue proposed to list at BSE SME.

	IBL Finance IPO	New Swan Multitech IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	BSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Hem Securities Limited Share India Capital Services Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt Ltd
Market Maker	Market-Hub Stock Broking Private Limited	Hem Finlease Private Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹33.41 Cr whereas the issue size of the New Swan Multitech IPO is up to ₹33.11 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of New Swan Multitech IPO is ₹66.00 per share.

	IBL Finance IPO	New Swan Multitech IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹62.00 per share
Issue Price (Upper)		₹66.00 per share
Issue Price (Final)	₹51.00 per share	₹66.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	2000 shares
Fresh Issue Size	65,50,000 shares	50,16,000 shares
Fresh Issue Size (Amount)	up to ₹33.41 Cr	up to ₹33.11 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	65,50,000 shares	50,16,000 shares
Issue Size Total (Amount)	up to ₹33.41 Cr	up to ₹33.11 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while New Swan Multitech IPO opens on Jan 11, 2024. The closing date of IBL Finance IPO and New Swan Multitech IPO is Jan 11, 2024, and Jan 15, 2024, respectively.

	IBL Finance IPO	New Swan Multitech IPO
Anchor Bid Date		Jan 10, 2024
Issue Open	Jan 09, 2024	Jan 11, 2024
Issue Close	Jan 11, 2024	Jan 15, 2024
Basis Of Allotment (Tentative)	Jan 12, 2024	Jan 16, 2024
Initiation of Refunds (Tentative)	Jan 15, 2024	Jan 17, 2024
Credit of Share (Tentative)	Jan 15, 2024	Jan 17, 2024
Listing date (Tentative)	Jan 16, 2024	Jan 18, 2024
Anchor Lockin End date 1	Feb 11, 2024	Feb 15, 2024
Anchor Lockin End date 2	Apr 11, 2024	Apr 15, 2024

Financials

IBL Finance IPO P/E ratio is 48.08, as compared to New Swan Multitech IPO P/E ratio of 9.32.

IBL Finance IPO

New Swan Multitech IPO

Financial

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Profit After Tax	120.60	192.83	42.73	-9.88
Net Worth	2,169.34	2,048.74	355.47	312.73
Reserves and Surplus	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58
Amount in ₹ Lakhs

New Swan Multitech Limited Financial Information (Restated)

New Swan Multitech Limited's revenue increased by 4.05% and profit after tax (PAT) rose by 173.15% 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	13,801.10	12,876.43	12,348.80	11,769.68
Revenue	7,788.21	15,142.17	14,552.40	14,960.55
Profit After Tax	497.53	991.93	363.14	342.63
Net Worth	3,479.28	2,981.75	1,989.82	1,626.68
Reserves and Surplus	2,079.26	2,631.74	1,639.81	1,276.67
Total Borrowing	4,799.12	3,915.70	4,800.59	4,580.55
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.55%

100%

Promoter Shareholding (Post-Issue)

62.89%

73.62%

P/E Ratio

48.08

9.32

Market Cap

₹126.13 Cr.

₹125.51 Cr.

ROE

9.41%%

33.27%%

ROCE

18.88%%

24.86%%

Debt/Equity

1.31

EPS

₹1.06

₹7.09

RoNW

9.41%%

33.27%%

Shares Offered

In the IBL Finance IPO retail investors (RII) are offered 31,10,000 shares while in New Swan Multitech IPO retail investors are offered 31,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in IBL Finance IPO and 9,52,000 shares in New Swan Multitech IPO.

	IBL Finance IPO	New Swan Multitech IPO
Anchor Investor Reserveration		14,28,000 shares
Market Maker Reserveration	3,30,000 shares	2,56,000 shares
QIB	0 shares	9,52,000 shares
NII	31,10,000 shares	7,14,000 shares
RII	31,10,000 shares	16,66,000 shares
Employee	0 shares	0 shares
Others
Total	62,20,000 shares	33,32,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas New Swan Multitech IPO subscribed 384.26x.

	IBL Finance IPO	New Swan Multitech IPO
QIB (times)		110.69x
NII (times)	9.94x	739.72x
Big NII (times)
Small NII (times)
RII (times)	24.03x	388.23x
Employee (times)
Other (times)
Total (times)	17.00x	384.26x

Compare with others

IBL Finance IPO	New Swan Multitech IPO
Konstelec Engineers IPO	Maxposure IPO
Maxposure IPO	Shree Marutinandan Tubes IPO
Shree Marutinandan Tubes IPO	Australian Premium Solar (India) IPO
Australian Premium Solar (India) IPO	Lawsikho IPO
Lawsikho IPO	IBL Finance IPO
New Swan Multitech IPO	Kaushalya Logistics IPO
Kaushalya Logistics IPO	Akanksha Power and Infrastructure IPO
Akanksha Power and Infrastructure IPO	HRH Next Services IPO
HRH Next Services IPO	MCPL IPO
MCPL IPO	Kay Cee Energy & Infra IPO

1 Comments

1. Sekar r

| Link|January 10, 2024 5:37:07 PMReply

It looks Jyoti ipo seems to be safe for retail investors