India Shelter Finance IPO vs Rishabh Instruments IPO

Comparision between India Shelter Finance IPO and Rishabh Instruments IPO.

IPO Details

India Shelter Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rishabh Instruments IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	India Shelter Finance IPO	Rishabh Instruments 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 Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Ambit Private Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Motilal Oswal Investment Advisors Limited Mirae Asset Capital Markets (India) Private Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 India Shelter Finance IPO is up to ₹1,200.00 Cr whereas the issue size of the Rishabh Instruments IPO is up to ₹490.78 Cr. The final issue price of India Shelter Finance IPO is ₹493.00 per share and of Rishabh Instruments IPO is ₹441.00 per share.

	India Shelter Finance IPO	Rishabh Instruments IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹469.00 per share	₹418.00 per share
Issue Price (Upper)	₹493.00 per share	₹441.00 per share
Issue Price (Final)	₹493.00 per share	₹441.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	30 shares	34 shares
Fresh Issue Size	1,62,27,181 shares	17,00,680 shares
Fresh Issue Size (Amount)	up to ₹800.00 Cr	up to ₹75.00 Cr
OFS Issue Size	81,13,590 shares	94,28,178 shares
OFS Issue Size (Amount)	up to ₹400.00 Cr	up to ₹415.78 Cr
Issue Size Total	2,43,40,771 shares	1,11,28,858 shares
Issue Size Total (Amount)	up to ₹1,200.00 Cr	up to ₹490.78 Cr

IPO Timetable

India Shelter Finance IPO opens on Dec 13, 2023, while Rishabh Instruments IPO opens on Aug 30, 2023. The closing date of India Shelter Finance IPO and Rishabh Instruments IPO is Dec 15, 2023, and Sep 01, 2023, respectively.

	India Shelter Finance IPO	Rishabh Instruments IPO
Anchor Bid Date	Dec 12, 2023	Aug 29, 2023
Issue Open	Dec 13, 2023	Aug 30, 2023
Issue Close	Dec 15, 2023	Sep 01, 2023
Basis Of Allotment (Tentative)	Dec 18, 2023	Sep 06, 2023
Initiation of Refunds (Tentative)	Dec 19, 2023	Sep 07, 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 06, 2023
Anchor Lockin End date 2	Mar 17, 2024	Dec 05, 2023

Financials

India Shelter Finance IPO P/E ratio is 28.22, as compared to Rishabh Instruments IPO P/E ratio of .

India Shelter Finance IPO

Rishabh Instruments 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 Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	4,758.68	4,295.59	3,221.22	2,462.64
Revenue	398.58	606.23	459.81	322.80
Profit After Tax	107.35	155.34	128.45	87.39
Net Worth	1,374.97	1,240.53	1,076.13	937.27
Reserves and Surplus	1,335.36	1,197.98	1,033.02	894.20
Total Borrowing	3,272.48	2,973.43	2,059.40	1,480.72
Amount in ₹ Crore

Rishabh Instruments IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	511.97	563.89	648.93
Revenue	402.49	479.92	579.78
Profit After Tax	35.94	49.65	49.69
Net Worth	302.13	346.10	408.75
Reserves and Surplus
Total Borrowing	91.95	96.57	102.85

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.75%

80.67%

Promoter Shareholding (Post-Issue)

48.17%

70.68%

P/E Ratio

28.22

Market Cap

₹5277.62 Cr.

₹1674.10 Cr.

ROE

13.4%%

12.39%%

ROCE

13.77%%

Debt/Equity

2.12

0.26

EPS

₹17.47

₹12.84

RoNW

13.4%%

11.67%%

Shares Offered

In the India Shelter Finance IPO retail investors (RII) are offered 85,19,270 shares while in Rishabh Instruments 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 22,25,772 shares in Rishabh Instruments IPO.

	India Shelter Finance IPO	Rishabh Instruments IPO
Anchor Investor Reserveration	73,02,229 shares	33,38,656 shares
Market Maker Reserveration
QIB	48,68,154 shares	22,25,772 shares
NII	36,51,116 shares	16,69,329 shares
RII	85,19,270 shares	38,95,101 shares
Employee	0 shares	0 shares
Others
Total	1,70,38,540 shares	77,90,202 shares

Bids Received (Subscription)

India Shelter Finance IPO subscribed 38.59x in total, whereas Rishabh Instruments IPO subscribed 31.65x.

	India Shelter Finance IPO	Rishabh Instruments IPO
QIB (times)	94.29x	72.54x
NII (times)	29.97x	31.29x
Big NII (times)	29.77x	34.01x
Small NII (times)	30.37x	25.86x
RII (times)	10.46x	8.44x
Employee (times)
Other (times)
Total (times)	38.59x	31.65x

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