DEE Piping Systems IPO vs ixigo IPO

Comparision between DEE Piping Systems IPO and ixigo IPO.

IPO Details

DEE Piping Systems IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ixigo IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	DEE Piping Systems IPO	ixigo 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	SBI Capital Markets Limited Equirus Capital Private Limited	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Jm Financial 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 DEE Piping Systems IPO is up to ₹418.01 Cr whereas the issue size of the ixigo IPO is up to ₹740.10 Cr. The final issue price of DEE Piping Systems IPO is ₹203.00 per share and of ixigo IPO is ₹93.00 per share.

	DEE Piping Systems IPO	ixigo IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹193.00 per share	₹88.00 per share
Issue Price (Upper)	₹203.00 per share	₹93.00 per share
Issue Price (Final)	₹203.00 per share	₹93.00 per share
Discount (Retail)
Discount (Employee)	₹19.00 per share
Market Lot Size	73 shares	161 shares
Fresh Issue Size	1,60,09,852 shares	1,29,03,226 shares
Fresh Issue Size (Amount)	up to ₹325.00 Cr	up to ₹120.00 Cr
OFS Issue Size	45,82,000 shares	6,66,77,674 shares
OFS Issue Size (Amount)	up to ₹93.01 Cr	up to ₹620.10 Cr
Issue Size Total	2,05,91,852 shares	7,95,80,900 shares
Issue Size Total (Amount)	up to ₹418.01 Cr	up to ₹740.10 Cr

IPO Timetable

DEE Piping Systems IPO opens on Jun 19, 2024, while ixigo IPO opens on Jun 10, 2024. The closing date of DEE Piping Systems IPO and ixigo IPO is Jun 21, 2024, and Jun 12, 2024, respectively.

	DEE Piping Systems IPO	ixigo IPO
Anchor Bid Date	Jun 18, 2024	Jun 07, 2024
Issue Open	Jun 19, 2024	Jun 10, 2024
Issue Close	Jun 21, 2024	Jun 12, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jun 13, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jun 14, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jun 14, 2024
Listing date (Tentative)	Jun 26, 2024	Jun 18, 2024
Anchor Lockin End date 1	Jul 24, 2024	Jul 13, 2024
Anchor Lockin End date 2	Sep 22, 2024	Sep 11, 2024

Financials

DEE Piping Systems IPO P/E ratio is 83, as compared to ixigo IPO P/E ratio of 148.87.

DEE Piping Systems IPO

ixigo IPO

Financial

DEE Development Engineers Limited Financial Information (Restated Consolidated)

DEE Development Engineers Limited's revenue increased by 30.47% and profit after tax (PAT) rose by 58.25% 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	1,171.01	966.26	845.40	835.88
Revenue	557.86	614.32	470.84	513.03
Profit After Tax	14.34	12.97	8.20	14.21
Net Worth	428.19	413.70	401.37	448.50
Reserves and Surplus	380.23	408.17	395.85	432.81
Total Borrowing	407.14	352.62	285.36	257.17
Amount in ₹ Crore

Le Travenues Technology Limited Financial Information (Restated Consolidated)

Le Travenues Technology Limited's revenue increased by 34.46% and profit after tax (PAT) rose by 210.91% 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	678.71	585.93	538.47	185.07
Revenue	497.10	517.57	384.94	138.41
Profit After Tax	65.71	23.40	-21.09	7.53
Net Worth	437.13	373.76	342.69	29.94
Reserves and Surplus	399.83	334.17	303.22	-212.60
Total Borrowing	43.36	0.54	2.73	14.94
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

Promoter Shareholding (Post-Issue)

P/E Ratio

148.87

Market Cap

₹1401.69 Cr.

₹3603.04 Cr.

ROE

ROCE

3.91%%

Debt/Equity

0.85

EPS

₹2.45

₹0.62

RoNW

3.35%%

15.26%%

Shares Offered

In the DEE Piping Systems IPO retail investors (RII) are offered 71,89,907 shares while in ixigo IPO retail investors are offered 71,89,907 shares. Qualified institutional buyers (QIB) are offered 41,08,518 shares in DEE Piping Systems IPO and 2,38,74,271 shares in ixigo IPO.

	DEE Piping Systems IPO	ixigo IPO
Anchor Investor Reserveration	61,62,777 shares	3,58,11,405 shares
Market Maker Reserveration
QIB	41,08,518 shares	2,38,74,271 shares
NII	30,81,389 shares	1,19,37,134 shares
RII	71,89,907 shares	79,58,089 shares
Employee	0 shares	0 shares
Others
Total	1,43,79,814 shares	4,37,69,494 shares

Bids Received (Subscription)

DEE Piping Systems IPO subscribed 103.03x in total, whereas ixigo IPO subscribed 98.10x.

	DEE Piping Systems IPO	ixigo IPO
QIB (times)	206.54x	106.73x
NII (times)	149.38x	110.25x
Big NII (times)	165.71x	117.40x
Small NII (times)	116.73x	95.95x
RII (times)	23.66x	53.95x
Employee (times)
Other (times)
Total (times)	103.03x	98.10x

Compare with others

DEE Piping Systems IPO	ixigo IPO
Emcure Pharma IPO	OLA Electric IPO
OLA Electric IPO	Vraj Iron and Steel IPO
Vraj Iron and Steel IPO	Aasaan Loans IPO
Aasaan Loans IPO	Stanley Lifestyles IPO
Stanley Lifestyles IPO	DEE Piping Systems IPO
ixigo IPO	Kronox Lab Sciences IPO
Kronox Lab Sciences IPO	Awfis Space Solutions IPO
Awfis Space Solutions IPO	Go Digit IPO
Go Digit IPO	Aadhar Housing Finance IPO
Aadhar Housing Finance IPO	TBO Tek IPO

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