Inox Green Energy IPO vs Landmark Cars IPO

Comparision between Inox Green Energy IPO and Landmark Cars IPO.

IPO Details

Inox Green Energy IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Landmark Cars IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Inox Green Energy IPO	Landmark Cars 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	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	Axis Capital Limited ICICI Securities 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 Inox Green Energy IPO is up to ₹740.00 Cr whereas the issue size of the Landmark Cars IPO is up to ₹552.00 Cr. The final issue price of Inox Green Energy IPO is ₹65.00 per share and of Landmark Cars IPO is ₹506.00 per share.

	Inox Green Energy IPO	Landmark Cars IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹61.00 per share	₹481.00 per share
Issue Price (Upper)	₹65.00 per share	₹506.00 per share
Issue Price (Final)	₹65.00 per share	₹506.00 per share
Discount (Retail)
Discount (Employee)		₹48.00 per share
Market Lot Size	230 shares	29 shares
Fresh Issue Size	5,69,23,077 shares	29,64,427 shares
Fresh Issue Size (Amount)	up to ₹370.00 Cr	up to ₹150.00 Cr
OFS Issue Size	5,69,23,077 shares	79,44,664 shares
OFS Issue Size (Amount)	up to ₹370.00 Cr	up to ₹402.00 Cr
Issue Size Total	11,38,46,154 shares	1,09,09,091 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹552.00 Cr

IPO Timetable

Inox Green Energy IPO opens on Nov 11, 2022, while Landmark Cars IPO opens on Dec 13, 2022. The closing date of Inox Green Energy IPO and Landmark Cars IPO is Nov 15, 2022, and Dec 15, 2022, respectively.

	Inox Green Energy IPO	Landmark Cars IPO
Anchor Bid Date		Dec 12, 2022
Issue Open	Nov 11, 2022	Dec 13, 2022
Issue Close	Nov 15, 2022	Dec 15, 2022
Basis Of Allotment (Tentative)	Nov 18, 2022	Dec 20, 2022
Initiation of Refunds (Tentative)	Nov 21, 2022	Dec 21, 2022
Credit of Share (Tentative)	Nov 22, 2022	Dec 22, 2022
Listing date (Tentative)	Nov 23, 2022	Dec 23, 2022
Anchor Lockin End date 1	Dec 18, 2022	Jan 19, 2023
Anchor Lockin End date 2	Feb 16, 2023	Mar 20, 2023

Financials

Inox Green Energy IPO P/E ratio is -327, as compared to Landmark Cars IPO P/E ratio of 27.61.

Inox Green Energy IPO

Landmark Cars IPO

Financial

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

Landmark Cars Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1008.03	2834.62	-24.43	187.96	478.78
31-Mar-20	831.77	2228.93	-28.94	169.12	357.91
31-Mar-21	887.9	1966.34	11.15	181.78	327.44
31-Mar-22	1085.38	2989.12	66.18	246.94	308.49
30-Jun-22	1209.37	801.9	18.14	268.27	464.36
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.84%

60.24%

Promoter Shareholding (Post-Issue)

56.04%

44.61%

P/E Ratio

-327

27.61

Market Cap

₹1897.61 Cr.

₹2003.26 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Inox Green Energy IPO retail investors (RII) are offered 1,21,31,147 shares while in Landmark Cars IPO retail investors are offered 1,21,31,147 shares. Qualified institutional buyers (QIB) are offered 3,63,93,442 shares in Inox Green Energy IPO and 22,91,061 shares in Landmark Cars IPO.

	Inox Green Energy IPO	Landmark Cars IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,63,93,442 shares	22,91,061 shares
NII	1,81,96,721 shares	17,18,295 shares
RII	1,21,31,147 shares	40,09,355 shares
Employee	0 shares	23,094 shares
Others
Total	6,67,21,310 shares	80,41,805 shares

Bids Received (Subscription)

Inox Green Energy IPO subscribed 1.55x in total, whereas Landmark Cars IPO subscribed 3.06x.

	Inox Green Energy IPO	Landmark Cars IPO
QIB (times)	1.05x	8.71x
NII (times)	0.47x	1.32x
Big NII (times)	0.39x	1.59x
Small NII (times)	0.64x	0.78x
RII (times)	4.70x	0.59x
Employee (times)		2.93x
Other (times)
Total (times)	1.55x	3.06x

Compare with others

Inox Green Energy IPO	Landmark Cars 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	Dharmaj Crop Guard 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	Fusion Micro Finance IPO

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