Inox CVA IPO vs Jyoti CNC Automation IPO

Comparision between Inox CVA IPO and Jyoti CNC Automation IPO.

IPO Details

Inox CVA IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Jyoti CNC Automation IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Inox CVA IPO	Jyoti CNC Automation 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 Axis Capital Limited	Equirus Capital Private Limited ICICI Securities Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 Inox CVA IPO is up to ₹1,459.32 Cr whereas the issue size of the Jyoti CNC Automation IPO is up to ₹1,000.00 Cr. The final issue price of Inox CVA IPO is ₹660.00 per share and of Jyoti CNC Automation IPO is ₹331.00 per share.

	Inox CVA IPO	Jyoti CNC Automation IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹627.00 per share	₹315.00 per share
Issue Price (Upper)	₹660.00 per share	₹331.00 per share
Issue Price (Final)	₹660.00 per share	₹331.00 per share
Discount (Retail)
Discount (Employee)		₹15.00 per share
Market Lot Size	22 shares	45 shares
Fresh Issue Size		3,02,11,480 shares
Fresh Issue Size (Amount)		up to ₹1,000.00 Cr
OFS Issue Size	2,21,10,955 shares
OFS Issue Size (Amount)	up to ₹1,459.32 Cr
Issue Size Total	2,21,10,955 shares	3,02,11,480 shares
Issue Size Total (Amount)	up to ₹1,459.32 Cr	up to ₹1,000.00 Cr

IPO Timetable

Inox CVA IPO opens on Dec 14, 2023, while Jyoti CNC Automation IPO opens on Jan 09, 2024. The closing date of Inox CVA IPO and Jyoti CNC Automation IPO is Dec 18, 2023, and Jan 11, 2024, respectively.

	Inox CVA IPO	Jyoti CNC Automation IPO
Anchor Bid Date	Dec 13, 2023	Jan 08, 2024
Issue Open	Dec 14, 2023	Jan 09, 2024
Issue Close	Dec 18, 2023	Jan 11, 2024
Basis Of Allotment (Tentative)	Dec 19, 2023	Jan 12, 2024
Initiation of Refunds (Tentative)	Dec 20, 2023	Jan 15, 2024
Credit of Share (Tentative)	Dec 20, 2023	Jan 15, 2024
Listing date (Tentative)	Dec 21, 2023	Jan 16, 2024
Anchor Lockin End date 1	Jan 18, 2024	Feb 11, 2024
Anchor Lockin End date 2	Mar 18, 2024	Apr 11, 2024

Financials

Inox CVA IPO P/E ratio is 39.22, as compared to Jyoti CNC Automation IPO P/E ratio of 433.43.

Inox CVA IPO

Jyoti CNC Automation IPO

Financial

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

Jyoti CNC Automation Limited Financial Information (Restated Consolidated)

Jyoti CNC Automation Limited's revenue increased by 27% and profit after tax (PAT) rose by 131.18% 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	1,706.07	1,515.38	1,286.24	1,388.19
Revenue	510.53	952.60	750.06	590.09
Profit After Tax	3.35	15.06	-48.30	-70.03
Net Worth	205.63	36.23	-29.68	18.67
Reserves and Surplus	213.33	49.14	11.67	83.11
Total Borrowing	821.40	834.97	792.16	725.12
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.30%

72.66%

Promoter Shareholding (Post-Issue)

75.46%

62.6%

P/E Ratio

39.22

433.43

Market Cap

₹5990.39 Cr.

₹7527.47 Cr.

ROE

27.79%%

18.35%%

ROCE

36.53%%

9.50%%

Debt/Equity

10.17

EPS

₹16.83

₹0.76

RoNW

27.79%%

18.35%%

Shares Offered

In the Inox CVA IPO retail investors (RII) are offered 77,38,835 shares while in Jyoti CNC Automation IPO retail investors are offered 77,38,835 shares. Qualified institutional buyers (QIB) are offered 44,22,191 shares in Inox CVA IPO and 90,18,127 shares in Jyoti CNC Automation IPO.

	Inox CVA IPO	Jyoti CNC Automation IPO
Anchor Investor Reserveration	66,33,285 shares	1,35,27,190 shares
Market Maker Reserveration
QIB	44,22,191 shares	90,18,127 shares
NII	33,16,644 shares	45,09,064 shares
RII	77,38,835 shares	30,06,042 shares
Employee	0 shares	1,58,227 shares
Others
Total	1,54,77,670 shares	1,66,91,460 shares

Bids Received (Subscription)

Inox CVA IPO subscribed 61.28x in total, whereas Jyoti CNC Automation IPO subscribed 40.49x.

	Inox CVA IPO	Jyoti CNC Automation IPO
QIB (times)	147.80x	46.37x
NII (times)	53.20x	38.33x
Big NII (times)	56.55x	42.77x
Small NII (times)	46.52x	29.47x
RII (times)	15.30x	27.50x
Employee (times)		13.14x
Other (times)
Total (times)	61.28x	40.49x

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