Go Digit IPO vs JNK India IPO

Comparision between Go Digit IPO and JNK India IPO.

IPO Details

Go Digit IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while JNK India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Go Digit IPO	JNK India 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 Morgan Stanley India Company Pvt Ltd Axis Capital Limited Hdfc Bank Limited Iifl Securities Ltd Nuvama Wealth Management Limited	Iifl Securities Ltd 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 Go Digit IPO is up to ₹2,614.65 Cr whereas the issue size of the JNK India IPO is up to ₹649.47 Cr. The final issue price of Go Digit IPO is ₹272.00 per share and of JNK India IPO is ₹415.00 per share.

	Go Digit IPO	JNK India IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹258.00 per share	₹395.00 per share
Issue Price (Upper)	₹272.00 per share	₹415.00 per share
Issue Price (Final)	₹272.00 per share	₹415.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	36 shares
Fresh Issue Size	4,13,60,294 shares	75,94,936 shares
Fresh Issue Size (Amount)	up to ₹1,125.00 Cr	up to ₹300.00 Cr
OFS Issue Size	5,47,66,392 shares	84,21,052 shares
OFS Issue Size (Amount)	up to ₹1,489.65 Cr	up to ₹349.47 Cr
Issue Size Total	9,61,26,686 shares	1,60,15,988 shares
Issue Size Total (Amount)	up to ₹2,614.65 Cr	up to ₹649.47 Cr

IPO Timetable

Go Digit IPO opens on May 15, 2024, while JNK India IPO opens on Apr 23, 2024. The closing date of Go Digit IPO and JNK India IPO is May 17, 2024, and Apr 25, 2024, respectively.

	Go Digit IPO	JNK India IPO
Anchor Bid Date	May 14, 2024	Apr 22, 2024
Issue Open	May 15, 2024	Apr 23, 2024
Issue Close	May 17, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	May 21, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	May 22, 2024	Apr 29, 2024
Credit of Share (Tentative)	May 22, 2024	Apr 29, 2024
Listing date (Tentative)	May 23, 2024	Apr 30, 2024
Anchor Lockin End date 1	Jun 20, 2024	May 26, 2024
Anchor Lockin End date 2	Aug 19, 2024	Jul 25, 2024

Financials

Go Digit IPO P/E ratio is 670.31, as compared to JNK India IPO P/E ratio of 43.32.

Go Digit IPO

JNK India IPO

Financial

Go Digit General Insurance Limited Financial Information (Restated)

Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% 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	3,619.95	3,346.75	2,919.01	1,874.80
Revenue	130.83	39.19	-293.64	-118.55
Profit After Tax	129.02	35.54	-295.85	-122.76
Net Worth	2,459.34	2,325.47	1,866.87	1,134.57
Reserves and Surplus	2,391.97	2,383.61	1,975.07	973.14
Total Borrowing	200.00
Amount in ₹ Crore

JNK India Limited Financial Information (Restated Consolidated)

JNK India Limited's revenue increased by 38.5% and profit after tax (PAT) rose by 28.84% 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	453.39	337.78	268.32	125.12
Revenue	256.76	411.55	297.14	138.45
Profit After Tax	46.21	46.36	35.98	16.48
Net Worth	168.56	122.17	72.18	36.82
Reserves and Surplus	158.88	112.57	62.58	36.22
Total Borrowing	56.73	33.76	5.99	8.95
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

83.31%

94.56%

Promoter Shareholding (Post-Issue)

P/E Ratio

670.31

43.32

Market Cap

₹24947.90 Cr.

₹2308.27 Cr.

ROE

31.79%%

ROCE

34.73%%

Debt/Equity

0.34

EPS

₹0.41

₹9.58

RoNW

5.25%%

31.79%%

Shares Offered

In the Go Digit IPO retail investors (RII) are offered 96,12,668 shares while in JNK India IPO retail investors are offered 96,12,668 shares. Qualified institutional buyers (QIB) are offered 2,88,38,007 shares in Go Digit IPO and 31,29,903 shares in JNK India IPO.

	Go Digit IPO	JNK India IPO
Anchor Investor Reserveration	4,32,57,009 shares	46,94,989 shares
Market Maker Reserveration
QIB	2,88,38,007 shares	31,29,903 shares
NII	1,44,19,002 shares	23,47,497 shares
RII	96,12,668 shares	54,77,489 shares
Employee	0 shares	0 shares
Others
Total	5,28,69,677 shares	1,09,54,889 shares

Bids Received (Subscription)

Go Digit IPO subscribed 9.60x in total, whereas JNK India IPO subscribed 28.46x.

	Go Digit IPO	JNK India IPO
QIB (times)	12.56x	74.40x
NII (times)	7.24x	23.80x
Big NII (times)	8.28x	27.73x
Small NII (times)	5.15x	15.94x
RII (times)	4.27x	4.20x
Employee (times)
Other (times)
Total (times)	9.60x	28.46x

Compare with others

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DEE Piping Systems IPO	Go Digit IPO
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Kronox Lab Sciences IPO	TBO Tek IPO
Awfis Space Solutions IPO	Indegene IPO
Aadhar Housing Finance IPO	VI FPO
TBO Tek IPO	Bharti Hexacom IPO
Indegene IPO	SRM Contractors IPO
JNK India IPO	Popular Vehicles & Services IPO
VI FPO	Gopal Namkeen IPO

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