JNK India IPO vs VI FPO

Comparision between JNK India IPO and VI FPO.

IPO Details

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

	JNK India IPO	VI FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Iifl Securities Ltd ICICI Securities Limited	Axis Capital Limited Jefferies India Private Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 JNK India IPO is up to ₹649.47 Cr whereas the issue size of the VI FPO is up to ₹18,000.00 Cr. The final issue price of JNK India IPO is ₹415.00 per share and of VI FPO is ₹11.00 per share.

	JNK India IPO	VI FPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹395.00 per share	₹10.00 per share
Issue Price (Upper)	₹415.00 per share	₹11.00 per share
Issue Price (Final)	₹415.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	36 shares	1298 shares
Fresh Issue Size	75,94,936 shares	16,36,36,36,363 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹18,000.00 Cr
OFS Issue Size	84,21,052 shares
OFS Issue Size (Amount)	up to ₹349.47 Cr
Issue Size Total	1,60,15,988 shares	16,36,36,36,363 shares
Issue Size Total (Amount)	up to ₹649.47 Cr	up to ₹18,000.00 Cr

IPO Timetable

JNK India IPO opens on Apr 23, 2024, while VI FPO opens on Apr 18, 2024. The closing date of JNK India IPO and VI FPO is Apr 25, 2024, and Apr 22, 2024, respectively.

	JNK India IPO	VI FPO
Anchor Bid Date	Apr 22, 2024	Apr 16, 2024
Issue Open	Apr 23, 2024	Apr 18, 2024
Issue Close	Apr 25, 2024	Apr 22, 2024
Basis Of Allotment (Tentative)	Apr 26, 2024	Apr 23, 2024
Initiation of Refunds (Tentative)	Apr 29, 2024	Apr 24, 2024
Credit of Share (Tentative)	Apr 29, 2024	Apr 24, 2024
Listing date (Tentative)	Apr 30, 2024	Apr 25, 2024
Anchor Lockin End date 1	May 26, 2024	May 23, 2024
Anchor Lockin End date 2	Jul 25, 2024	Jul 22, 2024

Financials

JNK India IPO P/E ratio is 43.32, as compared to VI FPO P/E ratio of -1.88.

JNK India IPO

VI FPO

Financial

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

Vodafone Idea Limited Financial Information (Restated Consolidated)

Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% 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	190,801.80	207,242.70	194,029.10	203,480.60
Revenue	32,125.60	42,488.50	38,644.90	42,126.40
Profit After Tax	-23,563.80	-29,301.10	-28,245.40	-44,233.10
Net Worth	-97,931.90	-74,359.10	-61,964.80	-38,228.00
Reserves and Surplus	-146,611.60	-123,038.80	-94,083.60
Total Borrowing	203,425.70	201,586.00	190,917.70	180,310.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

94.56%

48.75%

Promoter Shareholding (Post-Issue)

36.87%

P/E Ratio

43.32

-1.88

Market Cap

₹2308.27 Cr.

₹73131.80 Cr.

ROE

31.79%%

ROCE

34.73%%

Debt/Equity

0.34

EPS

₹9.58

₹-5.85

RoNW

31.79%%

Shares Offered

In the JNK India IPO retail investors (RII) are offered 54,77,489 shares while in VI FPO retail investors are offered 54,77,489 shares. Qualified institutional buyers (QIB) are offered 31,29,903 shares in JNK India IPO and 3,27,27,27,273 shares in VI FPO.

	JNK India IPO	VI FPO
Anchor Investor Reserveration	46,94,989 shares	4,90,90,90,908 shares
Market Maker Reserveration
QIB	31,29,903 shares	3,27,27,27,273 shares
NII	23,47,497 shares	2,45,45,45,454 shares
RII	54,77,489 shares	5,72,72,72,727 shares
Employee	0 shares	0 shares
Others
Total	1,09,54,889 shares	11,45,45,45,454 shares

Bids Received (Subscription)

JNK India IPO subscribed 28.46x in total, whereas VI FPO subscribed 6.99x.

	JNK India IPO	VI FPO
QIB (times)	74.40x	19.31x
NII (times)	23.80x	4.54x
Big NII (times)	27.73x	6.04x
Small NII (times)	15.94x	1.55x
RII (times)	4.20x	1.01x
Employee (times)
Other (times)
Total (times)	28.46x	6.99x

Compare with others

JNK India IPO	VI FPO
Awfis Space Solutions IPO	Go Digit IPO
Go Digit IPO	Aadhar Housing Finance IPO
Aadhar Housing Finance IPO	TBO Tek IPO
TBO Tek IPO	Indegene IPO
Indegene IPO	JNK India IPO
VI FPO	Bharti Hexacom IPO
Bharti Hexacom IPO	SRM Contractors IPO
SRM Contractors IPO	Popular Vehicles & Services IPO
Popular Vehicles & Services IPO	Gopal Namkeen IPO
Gopal Namkeen IPO	Krystal Integrated Services IPO

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