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Elin Electronics IPO vs Inox Green Energy IPO

Comparision between Elin Electronics IPO and Inox Green Energy IPO.

IPO Details

Elin Electronics 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.

Issue Size and Price

The total issue size of Elin Electronics IPO is up to ₹475.00 Cr whereas the issue size of the Inox Green Energy IPO is up to ₹740.00 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Inox Green Energy IPO is ₹65.00 per share.

  Elin Electronics IPO Inox Green Energy IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹234.00 per share ₹61.00 per share
Issue Price (Upper) ₹247.00 per share ₹65.00 per share
Issue Price (Final) ₹247.00 per share ₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 60 shares 230 shares
Fresh Issue Size 5,69,23,077 shares
Fresh Issue Size (Amount) up to ₹175.00 Cr up to ₹370.00 Cr
OFS Issue Size 5,69,23,077 shares
OFS Issue Size (Amount) up to ₹300.00 Cr up to ₹370.00 Cr
Issue Size Total 11,38,46,154 shares
Issue Size Total (Amount) up to ₹475.00 Cr up to ₹740.00 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Inox Green Energy IPO opens on Nov 11, 2022. The closing date of Elin Electronics IPO and Inox Green Energy IPO is Dec 22, 2022, and Nov 15, 2022, respectively.

  Elin Electronics IPO Inox Green Energy IPO
Anchor Bid Date Dec 19, 2022
Issue Open Dec 20, 2022 Nov 11, 2022
Issue Close Dec 22, 2022 Nov 15, 2022
Basis Of Allotment (Tentative) Dec 27, 2022 Nov 18, 2022
Initiation of Refunds (Tentative) Dec 28, 2022 Nov 21, 2022
Credit of Share (Tentative) Dec 29, 2022 Nov 22, 2022
Listing date (Tentative) Dec 30, 2022 Nov 23, 2022
Anchor Lockin End date 1 Jan 26, 2023 Dec 18, 2022
Anchor Lockin End date 2 Mar 27, 2023 Feb 16, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to Inox Green Energy IPO P/E ratio of -327.

  Elin Electronics IPO Inox Green Energy IPO
Financial
Elin Electronics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-19397.73829.7429.0786.64
31-Mar-20387.63786.3727.4969.89
31-Mar-21508.31864.934.86113.77
31-Mar-22532.611094.6739.15102.33
30-Sep-22589.24604.7420.67102.77
Amount in ₹ Crore
Inox Green Energy Services Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-202339.86172.161.6896.541084.92
31-Mar-212692.8186.29-27.7342.961411.02
31-Mar-222120.65190.23-4.95806.63904.17
30-Jun-222127.7463.16-11.58795909.92
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 53.98% 93.84%
Promoter Shareholding (Post-Issue) 32.93% 56.04%
P/E Ratio 29.69 -327
Market Cap ₹1226.58 Cr. ₹1897.61 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Elin Electronics IPO retail investors (RII) are offered 71,04,693 shares while in Inox Green Energy IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 3,63,93,442 shares in Inox Green Energy IPO.

  Elin Electronics IPO Inox Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 40,59,824 shares 3,63,93,442 shares
NII 30,44,869 shares 1,81,96,721 shares
RII 71,04,693 shares 1,21,31,147 shares
Employee 0 shares 0 shares
Others
Total 1,42,09,386 shares 6,67,21,310 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Inox Green Energy IPO subscribed 1.55x.

  Elin Electronics IPO Inox Green Energy IPO
QIB (times) 4.51x 1.05x
NII (times) 3.29x 0.47x
Big NII (times) 2.99x 0.39x
Small NII (times) 3.89x 0.64x
RII (times) 2.20x 4.70x
Employee (times)
Other (times)
Total (times) 3.09x 1.55x

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