Inox CVA IPO vs Suraj Estate Developers IPO

Comparision between Inox CVA IPO and Suraj Estate Developers IPO.

IPO Details

Inox CVA IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Inox CVA IPO	Suraj Estate Developers 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	Iti Capital Ltd Anand Rathi Securities 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 Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Inox CVA IPO is ₹660.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

	Inox CVA IPO	Suraj Estate Developers IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹627.00 per share	₹340.00 per share
Issue Price (Upper)	₹660.00 per share	₹360.00 per share
Issue Price (Final)	₹660.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	41 shares
Fresh Issue Size		1,11,11,111 shares
Fresh Issue Size (Amount)		up to ₹400.00 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	1,11,11,111 shares
Issue Size Total (Amount)	up to ₹1,459.32 Cr	up to ₹400.00 Cr

IPO Timetable

Inox CVA IPO opens on Dec 14, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Inox CVA IPO and Suraj Estate Developers IPO is Dec 18, 2023, and Dec 20, 2023, respectively.

	Inox CVA IPO	Suraj Estate Developers IPO
Anchor Bid Date	Dec 13, 2023	Dec 15, 2023
Issue Open	Dec 14, 2023	Dec 18, 2023
Issue Close	Dec 18, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 19, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 20, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 20, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 21, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 18, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 18, 2024	Mar 20, 2024

Financials

Inox CVA IPO P/E ratio is 39.22, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

Inox CVA IPO

Suraj Estate Developers 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

Suraj Estate Developers Limited Financial Information (Restated Consolidated)

Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% 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	994.73	942.58	864.00	792.00
Revenue	102.81	307.89	273.91	244.00
Profit After Tax	14.53	32.06	26.50	6.28
Net Worth	86.11	71.39	39.16	29.15
Reserves and Surplus	70.29	55.48	23.32	22.94
Total Borrowing	598.50	593.09	638.16	600.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.30%

100%

Promoter Shareholding (Post-Issue)

75.46%

74.95%

P/E Ratio

39.22

35.64

Market Cap

₹5990.39 Cr.

₹1597.00 Cr.

ROE

27.79%%

58.18%%

ROCE

36.53%%

21.93%%

Debt/Equity

8.31

EPS

₹16.83

₹10.10

RoNW

27.79%%

58.18%%

Shares Offered

In the Inox CVA IPO retail investors (RII) are offered 77,38,835 shares while in Suraj Estate Developers IPO retail investors are offered 77,38,835 shares. Qualified institutional buyers (QIB) are offered 44,22,191 shares in Inox CVA IPO and 22,22,222 shares in Suraj Estate Developers IPO.

	Inox CVA IPO	Suraj Estate Developers IPO
Anchor Investor Reserveration	66,33,285 shares	33,33,333 shares
Market Maker Reserveration
QIB	44,22,191 shares	22,22,222 shares
NII	33,16,644 shares	16,66,666 shares
RII	77,38,835 shares	38,88,889 shares
Employee	0 shares	0 shares
Others
Total	1,54,77,670 shares	77,77,777 shares

Bids Received (Subscription)

Inox CVA IPO subscribed 61.28x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

	Inox CVA IPO	Suraj Estate Developers IPO
QIB (times)	147.80x	25.74x
NII (times)	53.20x	20.02x
Big NII (times)	56.55x	18.37x
Small NII (times)	46.52x	23.31x
RII (times)	15.30x	9.85x
Employee (times)
Other (times)
Total (times)	61.28x	16.57x

Compare with others

Inox CVA IPO	Suraj Estate Developers IPO
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Innova Captab IPO	Azad Engineering IPO
Azad Engineering IPO	Mufti Menswear IPO
Mufti Menswear IPO	Inox CVA IPO
Suraj Estate Developers IPO	RBZ Jewellers IPO
RBZ Jewellers IPO	Motisons Jewellers IPO
Motisons Jewellers IPO	Mukka Proteins IPO
Mukka Proteins IPO	Happy Forgings IPO
Happy Forgings IPO	Muthoot Microfin IPO

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