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India Shelter Finance IPO vs Ratnaveer Precision Engineering IPO

Comparision between India Shelter Finance IPO and Ratnaveer Precision Engineering IPO.

IPO Details

India Shelter Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Ratnaveer Precision Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of India Shelter Finance IPO is up to ₹1,200.00 Cr whereas the issue size of the Ratnaveer Precision Engineering IPO is up to ₹165.03 Cr. The final issue price of India Shelter Finance IPO is ₹493.00 per share and of Ratnaveer Precision Engineering IPO is ₹98.00 per share.

  India Shelter Finance IPO Ratnaveer Precision Engineering IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹469.00 per share ₹93.00 per share
Issue Price (Upper) ₹493.00 per share ₹98.00 per share
Issue Price (Final) ₹493.00 per share ₹98.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 30 shares 150 shares
Fresh Issue Size 1,62,27,181 shares 1,38,00,000 shares
Fresh Issue Size (Amount) up to ₹800.00 Cr up to ₹135.24 Cr
OFS Issue Size 81,13,590 shares 30,40,000 shares
OFS Issue Size (Amount) up to ₹400.00 Cr up to ₹29.79 Cr
Issue Size Total 2,43,40,771 shares 1,68,40,000 shares
Issue Size Total (Amount) up to ₹1,200.00 Cr up to ₹165.03 Cr

IPO Timetable

India Shelter Finance IPO opens on Dec 13, 2023, while Ratnaveer Precision Engineering IPO opens on Sep 04, 2023. The closing date of India Shelter Finance IPO and Ratnaveer Precision Engineering IPO is Dec 15, 2023, and Sep 06, 2023, respectively.

  India Shelter Finance IPO Ratnaveer Precision Engineering IPO
Anchor Bid Date Dec 12, 2023 Sep 01, 2023
Issue Open Dec 13, 2023 Sep 04, 2023
Issue Close Dec 15, 2023 Sep 06, 2023
Basis Of Allotment (Tentative) Dec 18, 2023 Sep 07, 2023
Initiation of Refunds (Tentative) Dec 19, 2023 Sep 08, 2023
Credit of Share (Tentative) Dec 19, 2023 Sep 08, 2023
Listing date (Tentative) Dec 20, 2023 Sep 11, 2023
Anchor Lockin End date 1 Jan 17, 2024 Oct 07, 2023
Anchor Lockin End date 2 Mar 17, 2024 Dec 06, 2023

Financials

India Shelter Finance IPO P/E ratio is 28.22, as compared to Ratnaveer Precision Engineering IPO P/E ratio of .

  India Shelter Finance IPO Ratnaveer Precision Engineering IPO
Financial

India Shelter Finance Corporation Limited Financial Information (Restated Consolidated)

India Shelter Finance Corporation Limited's revenue increased by 31.84% and profit after tax (PAT) rose by 20.94% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets4,758.684,295.593,221.222,462.64
Revenue398.58606.23459.81322.80
Profit After Tax107.35155.34128.4587.39
Net Worth1,374.971,240.531,076.13937.27
Reserves and Surplus1,335.361,197.981,033.02894.20
Total Borrowing3,272.482,973.432,059.401,480.72
Amount in ₹ Crore
Ratnaveer Precision Engineering IPO Financial Information (Restated)
Period Ended31 Mar 202131 Mar 202231 Mar 2023
Assets255.92308.63389.05
Revenue364.05428.47481.14
Profit After Tax5.469.4825.04
Net Worth56.5865.97106.05
Reserves and Surplus52.3261.7171.16
Total Borrowing150.76190.73229.99
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 56.75% 86.3%
Promoter Shareholding (Post-Issue) 48.17% 55.48%
P/E Ratio 28.22
Market Cap ₹5277.62 Cr. ₹475.29 Cr.
ROE 13.4%% 29.12%%
ROCE 12.62%%
Debt/Equity 2.12 2.17
EPS ₹17.47 ₹7.26
RoNW 13.4%% 29.12%%

Shares Offered

In the India Shelter Finance IPO retail investors (RII) are offered 85,19,270 shares while in Ratnaveer Precision Engineering IPO retail investors are offered 85,19,270 shares. Qualified institutional buyers (QIB) are offered 48,68,154 shares in India Shelter Finance IPO and 33,68,000 shares in Ratnaveer Precision Engineering IPO.

  India Shelter Finance IPO Ratnaveer Precision Engineering IPO
Anchor Investor Reserveration 73,02,229 shares 50,52,000 shares
Market Maker Reserveration
QIB 48,68,154 shares 33,68,000 shares
NII 36,51,116 shares 25,26,000 shares
RII 85,19,270 shares 58,94,000 shares
Employee 0 shares 0 shares
Others
Total 1,70,38,540 shares 1,17,88,000 shares

Bids Received (Subscription)

India Shelter Finance IPO subscribed 38.59x in total, whereas Ratnaveer Precision Engineering IPO subscribed 93.99x.

  India Shelter Finance IPO Ratnaveer Precision Engineering IPO
QIB (times) 94.29x 133.05x
NII (times) 29.97x 135.21x
Big NII (times) 29.77x 130.63x
Small NII (times) 30.37x 144.37x
RII (times) 10.46x 54.00x
Employee (times)
Other (times)
Total (times) 38.59x 93.99x

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