Dharmaj Crop Guard IPO vs Inox Green Energy IPO

Comparision between Dharmaj Crop Guard IPO and Inox Green Energy IPO.

IPO Details

Dharmaj Crop Guard IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Inox Green Energy IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Dharmaj Crop Guard IPO	Inox Green Energy 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	Elara Capital (India) Private Limited Monarch Networth Capital Ltd	Edelweiss Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private Limited Idbi Capital Market Services Limited Systematix Corporate Services Limited
Registrar	Link Intime India Private Ltd	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 Dharmaj Crop Guard IPO is up to ₹251.15 Cr whereas the issue size of the Inox Green Energy IPO is up to ₹740.00 Cr. The final issue price of Dharmaj Crop Guard IPO is ₹237.00 per share and of Inox Green Energy IPO is ₹65.00 per share.

	Dharmaj Crop Guard IPO	Inox Green Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹216.00 per share	₹61.00 per share
Issue Price (Upper)	₹237.00 per share	₹65.00 per share
Issue Price (Final)	₹237.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	230 shares
Fresh Issue Size	91,13,924 shares	5,69,23,077 shares
Fresh Issue Size (Amount)	up to ₹216.00 Cr	up to ₹370.00 Cr
OFS Issue Size	14,83,000 shares	5,69,23,077 shares
OFS Issue Size (Amount)	up to ₹35.15 Cr	up to ₹370.00 Cr
Issue Size Total	1,05,96,924 shares	11,38,46,154 shares
Issue Size Total (Amount)	up to ₹251.15 Cr	up to ₹740.00 Cr

IPO Timetable

Dharmaj Crop Guard IPO opens on Nov 28, 2022, while Inox Green Energy IPO opens on Nov 11, 2022. The closing date of Dharmaj Crop Guard IPO and Inox Green Energy IPO is Nov 30, 2022, and Nov 15, 2022, respectively.

	Dharmaj Crop Guard IPO	Inox Green Energy IPO
Anchor Bid Date
Issue Open	Nov 28, 2022	Nov 11, 2022
Issue Close	Nov 30, 2022	Nov 15, 2022
Basis Of Allotment (Tentative)	Dec 05, 2022	Nov 18, 2022
Initiation of Refunds (Tentative)	Dec 06, 2022	Nov 21, 2022
Credit of Share (Tentative)	Dec 06, 2022	Nov 22, 2022
Listing date (Tentative)	Dec 08, 2022	Nov 23, 2022
Anchor Lockin End date 1	Jan 04, 2023	Dec 18, 2022
Anchor Lockin End date 2	Mar 05, 2023	Feb 16, 2023

Financials

Dharmaj Crop Guard IPO P/E ratio is 14.55, as compared to Inox Green Energy IPO P/E ratio of -327.

Dharmaj Crop Guard IPO

Inox Green Energy IPO

Financial

Dharmaj Crop Guard Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	47.66	139.95	5.02	10.46	20.35
31-Mar-20	92.58	199.16	10.76	35.22	20.18
31-Mar-21	128.87	303.56	20.96	56.14	26.92
31-Mar-22	219.54	396.29	28.69	82.82	36.93
31-Jul-22	305.76	221.17	18.36	101.17	51.56
Amount in ₹ Crore

Inox Green Energy Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2339.86	172.16	1.68	96.54	1084.92
31-Mar-21	2692.8	186.29	-27.73	42.96	1411.02
31-Mar-22	2120.65	190.23	-4.95	806.63	904.17
30-Jun-22	2127.74	63.16	-11.58	795	909.92
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

93.84%

Promoter Shareholding (Post-Issue)

68.64%

56.04%

P/E Ratio

14.55

-327

Market Cap

₹801.00 Cr.

₹1897.61 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Dharmaj Crop Guard IPO retail investors (RII) are offered 39,99,800 shares while in Inox Green Energy IPO retail investors are offered 39,99,800 shares. Qualified institutional buyers (QIB) are offered 22,43,990 shares in Dharmaj Crop Guard IPO and 3,63,93,442 shares in Inox Green Energy IPO.

	Dharmaj Crop Guard IPO	Inox Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	22,43,990 shares	3,63,93,442 shares
NII	17,14,200 shares	1,81,96,721 shares
RII	39,99,800 shares	1,21,31,147 shares
Employee	55,000 shares	0 shares
Others
Total	80,12,990 shares	6,67,21,310 shares

Bids Received (Subscription)

Dharmaj Crop Guard IPO subscribed 35.49x in total, whereas Inox Green Energy IPO subscribed 1.55x.

	Dharmaj Crop Guard IPO	Inox Green Energy IPO
QIB (times)	48.21x	1.05x
NII (times)	52.29x	0.47x
Big NII (times)	52.97x	0.39x
Small NII (times)	50.93x	0.64x
RII (times)	21.53x	4.70x
Employee (times)	7.48x
Other (times)
Total (times)	35.49x	1.55x

Compare with others

Dharmaj Crop Guard IPO	Inox Green Energy IPO
KFin Technologies IPO	Elin Electronics IPO
Abans Holdings IPO	Sula Vineyards IPO
Sah Polymers IPO	Dharmaj Crop Guard IPO
Elin Electronics IPO	Landmark Cars IPO
Sula Vineyards IPO	Keystone Realtors IPO
Landmark Cars IPO	Archean Chemical IPO
Keystone Realtors IPO	Bikaji Foods IPO
Inox Green Energy IPO	Fusion Micro Finance IPO
Archean Chemical IPO	Global Health IPO
Bikaji Foods IPO	Five Star Business Finance IPO

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