Innova Captab IPO vs Inox CVA IPO

Comparision between Innova Captab IPO and Inox CVA IPO.

IPO Details

Innova Captab 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.

	Innova Captab 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	ICICI Securities Limited Jm Financial 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 Innova Captab IPO is up to ₹570.00 Cr whereas the issue size of the Inox CVA IPO is up to ₹1,459.32 Cr. The final issue price of Innova Captab IPO is ₹448.00 per share and of Inox CVA IPO is ₹660.00 per share.

	Innova Captab IPO	Inox CVA IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹426.00 per share	₹627.00 per share
Issue Price (Upper)	₹448.00 per share	₹660.00 per share
Issue Price (Final)	₹448.00 per share	₹660.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	33 shares	22 shares
Fresh Issue Size	71,42,857 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr
OFS Issue Size	55,80,357 shares	2,21,10,955 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹1,459.32 Cr
Issue Size Total	1,27,23,214 shares	2,21,10,955 shares
Issue Size Total (Amount)	up to ₹570.00 Cr	up to ₹1,459.32 Cr

IPO Timetable

Innova Captab IPO opens on Dec 21, 2023, while Inox CVA IPO opens on Dec 14, 2023. The closing date of Innova Captab IPO and Inox CVA IPO is Dec 26, 2023, and Dec 18, 2023, respectively.

	Innova Captab IPO	Inox CVA IPO
Anchor Bid Date	Dec 20, 2023	Dec 13, 2023
Issue Open	Dec 21, 2023	Dec 14, 2023
Issue Close	Dec 26, 2023	Dec 18, 2023
Basis Of Allotment (Tentative)	Dec 27, 2023	Dec 19, 2023
Initiation of Refunds (Tentative)	Dec 28, 2023	Dec 20, 2023
Credit of Share (Tentative)	Dec 28, 2023	Dec 20, 2023
Listing date (Tentative)	Dec 29, 2023	Dec 21, 2023
Anchor Lockin End date 1	Jan 26, 2024	Jan 18, 2024
Anchor Lockin End date 2	Mar 26, 2024	Mar 18, 2024

Financials

Innova Captab IPO P/E ratio is 31.64, as compared to Inox CVA IPO P/E ratio of 39.22.

Innova Captab IPO

Inox CVA IPO

Financial

Innova Captab Limited Financial Information (Restated Consolidated)

Innova Captab Limited's revenue increased by 16.45% and profit after tax (PAT) rose by 6.26% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,086.16	704.41	575.48	369.62
Revenue	234.37	935.58	803.41	412.03
Profit After Tax	17.59	67.95	63.95	34.50
Net Worth	294.27	276.46	208.56	144.78
Reserves and Surplus	317.51	228.51	196.61	132.82
Total Borrowing	441.90	235.19	198.18	45.03
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)

66.85%

99.30%

Promoter Shareholding (Post-Issue)

75.46%

P/E Ratio

31.64

39.22

Market Cap

₹2563.70 Cr.

₹5990.39 Cr.

ROE

24.58%%

27.79%%

ROCE

22.61%%

36.53%%

Debt/Equity

0.85

EPS

₹14.16

₹16.83

RoNW

24.58%%

27.79%%

Shares Offered

In the Innova Captab IPO retail investors (RII) are offered 44,53,125 shares while in Inox CVA IPO retail investors are offered 44,53,125 shares. Qualified institutional buyers (QIB) are offered 25,44,643 shares in Innova Captab IPO and 44,22,191 shares in Inox CVA IPO.

	Innova Captab IPO	Inox CVA IPO
Anchor Investor Reserveration	38,16,963 shares	66,33,285 shares
Market Maker Reserveration
QIB	25,44,643 shares	44,22,191 shares
NII	19,08,482 shares	33,16,644 shares
RII	44,53,125 shares	77,38,835 shares
Employee	0 shares	0 shares
Others
Total	89,06,250 shares	1,54,77,670 shares

Bids Received (Subscription)

Innova Captab IPO subscribed 55.26x in total, whereas Inox CVA IPO subscribed 61.28x.

	Innova Captab IPO	Inox CVA IPO
QIB (times)	116.73x	147.80x
NII (times)	64.95x	53.20x
Big NII (times)	71.59x	56.55x
Small NII (times)	51.65x	46.52x
RII (times)	17.15x	15.30x
Employee (times)
Other (times)
Total (times)	55.26x	61.28x

Compare with others

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

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