Allied Blenders IPO vs IREDA IPO

Comparision between Allied Blenders IPO and IREDA IPO.

IPO Details

Allied Blenders IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IREDA IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Allied Blenders IPO	IREDA 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 Nuvama Wealth Management Limited Iti Capital Ltd	Idbi Capital Market Services Limited Bob Capital Markets Limited SBI Capital Markets 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 Allied Blenders IPO is up to ₹1,500.00 Cr whereas the issue size of the IREDA IPO is up to ₹2,150.21 Cr. The final issue price of Allied Blenders IPO is ₹281.00 per share and of IREDA IPO is ₹32.00 per share.

	Allied Blenders IPO	IREDA IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹267.00 per share	₹30.00 per share
Issue Price (Upper)	₹281.00 per share	₹32.00 per share
Issue Price (Final)	₹281.00 per share	₹32.00 per share
Discount (Retail)
Discount (Employee)	₹26.00 per share
Market Lot Size	53 shares	460 shares
Fresh Issue Size	3,55,87,189 shares	40,31,64,706 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹1,290.13 Cr
OFS Issue Size	1,77,93,594 shares	26,87,76,471 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹860.08 Cr
Issue Size Total	5,33,80,783 shares	67,19,41,177 shares
Issue Size Total (Amount)	up to ₹1,500.00 Cr	up to ₹2,150.21 Cr

IPO Timetable

Allied Blenders IPO opens on Jun 25, 2024, while IREDA IPO opens on Nov 21, 2023. The closing date of Allied Blenders IPO and IREDA IPO is Jun 27, 2024, and Nov 23, 2023, respectively.

	Allied Blenders IPO	IREDA IPO
Anchor Bid Date	Jun 24, 2024	Nov 20, 2023
Issue Open	Jun 25, 2024	Nov 21, 2023
Issue Close	Jun 27, 2024	Nov 23, 2023
Basis Of Allotment (Tentative)	Jun 28, 2024	Nov 24, 2023
Initiation of Refunds (Tentative)	Jul 01, 2024	Nov 25, 2023
Credit of Share (Tentative)	Jul 01, 2024	Nov 28, 2023
Listing date (Tentative)	Jul 02, 2024	Nov 29, 2023
Anchor Lockin End date 1	Jul 28, 2024	Dec 24, 2023
Anchor Lockin End date 2	Sep 26, 2024	Feb 22, 2024

Financials

Allied Blenders IPO P/E ratio is 4284.57, as compared to IREDA IPO P/E ratio of 8.47.

Allied Blenders IPO

IREDA IPO

Financial

Allied Blenders and Distillers Limited Financial Information (Restated Consolidated)

Allied Blenders and Distillers Limited's revenue decreased by -1.27% and profit after tax (PAT) rose by 8.47% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,741.39	2,487.70	2,248.35	2,298.57
Revenue	5,914.98	7,116.75	7,208.17	6,397.81
Profit After Tax	4.23	1.60	1.48	2.51
Net Worth	409.26	406.10	404.10	381.78
Reserves and Surplus	360.43	357.28	356.99	327.85
Total Borrowing	798.11	780.82	846.91	954.74
Amount in ₹ Crore

Indian Renewable Energy Development Agency Limited Financial Information (Restated Standalone)

Indian Renewable Energy Development Agency Limited's revenue increased by 21.18% and profit after tax (PAT) rose by 36.48% 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	51,208.36	50,446.98	36,708.41	30,293.39
Revenue	2,320.46	3,483.04	2,874.16	2,657.74
Profit After Tax	579.32	864.63	633.53	346.38
Net Worth	6,580.61	5,935.17	5,268.11	2,995.60
Reserves and Surplus	2,550.36	2,310.96	1,776.05	1,386.12
Total Borrowing	39,850.19	40,165.23	27,613.07	24,000.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.21%

100%

Promoter Shareholding (Post-Issue)

80.91%

75%

P/E Ratio

4284.57

8.47

Market Cap

₹7859.59 Cr.

₹8600.85 Cr.

ROE

1.03%%

15.44%%

ROCE

24.35%%

Debt/Equity

1.88

6.77

EPS

₹0.07

₹3.78

RoNW

1.03%%

15.44%%

Shares Offered

In the Allied Blenders IPO retail investors (RII) are offered 1,86,45,907 shares while in IREDA IPO retail investors are offered 1,86,45,907 shares. Qualified institutional buyers (QIB) are offered 1,06,54,804 shares in Allied Blenders IPO and 13,40,13,152 shares in IREDA IPO.

	Allied Blenders IPO	IREDA IPO
Anchor Investor Reserveration	1,59,82,206 shares	20,10,19,726 shares
Market Maker Reserveration
QIB	1,06,54,804 shares	13,40,13,152 shares
NII	79,91,103 shares	10,05,09,864 shares
RII	1,86,45,907 shares	23,45,23,015 shares
Employee	1,17,647 shares	18,75,420 shares
Others
Total	3,72,91,814 shares	47,09,21,451 shares

Bids Received (Subscription)

Allied Blenders IPO subscribed 24.85x in total, whereas IREDA IPO subscribed 38.80x.

	Allied Blenders IPO	IREDA IPO
QIB (times)	53.01x	104.57x
NII (times)	34.09x	24.16x
Big NII (times)	39.76x	26.99x
Small NII (times)	22.75x	18.50x
RII (times)	4.73x	7.73x
Employee (times)	10.44x	9.80x
Other (times)
Total (times)	24.85x	38.80x

Compare with others

Allied Blenders IPO	IREDA IPO
Motisons Jewellers IPO	Happy Forgings IPO
Mukka Proteins IPO	Muthoot Microfin IPO
Happy Forgings IPO	DOMS IPO
Muthoot Microfin IPO	Allied Blenders IPO
DOMS IPO	Flair Writing IPO
Flair Writing IPO	Fedbank Financial Services IPO
IREDA IPO	Gandhar Oil Refinery India IPO
Fedbank Financial Services IPO	ASK Automotive IPO
Gandhar Oil Refinery India IPO	ESAF Small Finance Bank IPO
ASK Automotive IPO	Cello World Limited IPO

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