Azad Engineering IPO vs Inox CVA IPO

Comparision between Azad Engineering IPO and Inox CVA IPO.

IPO Details

Azad Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Inox CVA IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Azad Engineering IPO	Inox CVA 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited	ICICI Securities Limited Axis Capital 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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Inox CVA IPO is up to ₹1,459.32 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Inox CVA IPO is ₹660.00 per share.

	Azad Engineering IPO	Inox CVA IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹499.00 per share	₹627.00 per share
Issue Price (Upper)	₹524.00 per share	₹660.00 per share
Issue Price (Final)	₹524.00 per share	₹660.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	22 shares
Fresh Issue Size	45,80,153 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr
OFS Issue Size	95,41,985 shares	2,21,10,955 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹1,459.32 Cr
Issue Size Total	1,41,22,138 shares	2,21,10,955 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹1,459.32 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while Inox CVA IPO opens on Dec 14, 2023. The closing date of Azad Engineering IPO and Inox CVA IPO is Dec 22, 2023, and Dec 18, 2023, respectively.

	Azad Engineering IPO	Inox CVA IPO
Anchor Bid Date	Dec 19, 2023	Dec 13, 2023
Issue Open	Dec 20, 2023	Dec 14, 2023
Issue Close	Dec 22, 2023	Dec 18, 2023
Basis Of Allotment (Tentative)	Dec 26, 2023	Dec 19, 2023
Initiation of Refunds (Tentative)	Dec 27, 2023	Dec 20, 2023
Credit of Share (Tentative)	Dec 27, 2023	Dec 20, 2023
Listing date (Tentative)	Dec 28, 2023	Dec 21, 2023
Anchor Lockin End date 1	Jan 25, 2024	Jan 18, 2024
Anchor Lockin End date 2	Mar 25, 2024	Mar 18, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to Inox CVA IPO P/E ratio of 39.22.

Azad Engineering IPO

Inox CVA IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% 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	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
Amount in ₹ Crore

Inox India Limited Financial Information (Restated Consolidated)

Inox India Limited's revenue increased by 22.46% and profit after tax (PAT) rose by 17.02% 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	1,155.81	1,148.36	896.75	687.20
Revenue	580.00	984.20	803.71	608.99
Profit After Tax	103.34	152.71	130.50	96.11
Net Worth	554.24	549.48	502.28	371.51
Reserves and Surplus
Total Borrowing	31.03		43.38	60.37
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.61%

99.30%

Promoter Shareholding (Post-Issue)

56.38%

75.46%

P/E Ratio

292.74

39.22

Market Cap

₹3097.52 Cr.

₹5990.39 Cr.

ROE

4.2%%

27.79%%

ROCE

12.99%%

36.53%%

Debt/Equity

1.47

EPS

₹1.79

₹16.83

RoNW

4.23%%

27.79%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in Inox CVA IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 44,22,191 shares in Inox CVA IPO.

	Azad Engineering IPO	Inox CVA IPO
Anchor Investor Reserveration	42,13,731 shares	66,33,285 shares
Market Maker Reserveration
QIB	28,09,155 shares	44,22,191 shares
NII	21,06,866 shares	33,16,644 shares
RII	49,16,021 shares	77,38,835 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	1,54,77,670 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas Inox CVA IPO subscribed 61.28x.

	Azad Engineering IPO	Inox CVA IPO
QIB (times)	179.64x	147.80x
NII (times)	90.24x	53.20x
Big NII (times)	93.30x	56.55x
Small NII (times)	84.12x	46.52x
RII (times)	24.51x	15.30x
Employee (times)
Other (times)
Total (times)	83.04x	61.28x

Compare with others

Azad Engineering IPO	Inox CVA IPO
EPACK Durable IPO	Medi Assist Healthcare IPO
Nova AgriTech IPO	Jyoti CNC Automation IPO
Medi Assist Healthcare IPO	Innova Captab IPO
Jyoti CNC Automation IPO	Azad Engineering IPO
Innova Captab IPO	Mufti Menswear IPO
Mufti Menswear IPO	Suraj Estate Developers IPO
Inox CVA IPO	RBZ Jewellers IPO
Suraj Estate Developers IPO	Motisons Jewellers IPO
RBZ Jewellers IPO	Mukka Proteins IPO
Motisons Jewellers IPO	Happy Forgings IPO

Comments

Add a public comment...