JSW Infrastructure IPO vs Yatra Online IPO

Comparision between JSW Infrastructure IPO and Yatra Online IPO.

IPO Details

JSW Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Yatra Online IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JSW Infrastructure IPO	Yatra Online 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	Jm Financial Limited Axis Capital Limited Credit Suisse Securities (India) Private Limited ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) SBI Capital Markets Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited	SBI Capital Markets Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd
Registrar	Kfin Technologies Limited	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 JSW Infrastructure IPO is up to ₹2,800.00 Cr whereas the issue size of the Yatra Online IPO is up to ₹775.00 Cr. The final issue price of JSW Infrastructure IPO is ₹119.00 per share and of Yatra Online IPO is ₹142.00 per share.

	JSW Infrastructure IPO	Yatra Online IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹113.00 per share	₹135.00 per share
Issue Price (Upper)	₹119.00 per share	₹142.00 per share
Issue Price (Final)	₹119.00 per share	₹142.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	126 shares	105 shares
Fresh Issue Size	23,52,94,118 shares	4,23,94,366 shares
Fresh Issue Size (Amount)	up to ₹2,800.00 Cr	up to ₹602.00 Cr
OFS Issue Size		1,21,83,099 shares
OFS Issue Size (Amount)		up to ₹173.00 Cr
Issue Size Total	23,52,94,118 shares	5,45,77,465 shares
Issue Size Total (Amount)	up to ₹2,800.00 Cr	up to ₹775.00 Cr

IPO Timetable

JSW Infrastructure IPO opens on Sep 25, 2023, while Yatra Online IPO opens on Sep 15, 2023. The closing date of JSW Infrastructure IPO and Yatra Online IPO is Sep 27, 2023, and Sep 20, 2023, respectively.

	JSW Infrastructure IPO	Yatra Online IPO
Anchor Bid Date	Sep 22, 2023	Sep 14, 2023
Issue Open	Sep 25, 2023	Sep 15, 2023
Issue Close	Sep 27, 2023	Sep 20, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Sep 25, 2023
Initiation of Refunds (Tentative)	Sep 28, 2023	Sep 26, 2023
Credit of Share (Tentative)	Sep 29, 2023	Sep 27, 2023
Listing date (Tentative)	Oct 03, 2023	Sep 28, 2023
Anchor Lockin End date 1	Oct 28, 2023	Oct 25, 2023
Anchor Lockin End date 2	Dec 27, 2023	Dec 24, 2023

Financials

JSW Infrastructure IPO P/E ratio is 29.67, as compared to Yatra Online IPO P/E ratio of 205.8.

JSW Infrastructure IPO

Yatra Online IPO

Financial

JSW Infrastructure IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	7,191.85	8,254.55	9,429.46	9,450.66
Revenue	1,237.37	1,678.26	2,378.74	3,372.85
Profit After Tax	196.53	284.62	330.44	749.51
Net Worth	2,488.23	2,831.18	3,212.13	3,934.64
Reserves and Surplus	2,486.53	2,829.84	3,208.98	3,645.75
Total Borrowing	3,102.57	3,945.82	4,408.69	4,243.70

Amount in ₹ Crore

Yatra Online IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	562.91	547.78	681.25
Revenue	143.62	218.81	397.47
Profit After Tax	-118.86	-30.79	7.63
Net Worth	123.49	100.93	169.52
Reserves and Surplus
Total Borrowing	13.11	35.86	153.07

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.42%

98.59%

Promoter Shareholding (Post-Issue)

85.61%

64.46

P/E Ratio

29.67

205.8

Market Cap

₹24990.00 Cr.

₹2228.21 Cr.

ROE

18.33%%

18.1%%

ROCE

19.49%%

26.0%%

Debt/Equity

0.9

EPS

₹4.12

₹0.69

RoNW

18.80%%

4.50%%

Shares Offered

In the JSW Infrastructure IPO retail investors (RII) are offered 2,35,29,411 shares while in Yatra Online IPO retail investors are offered 2,35,29,411 shares. Qualified institutional buyers (QIB) are offered 7,05,88,236 shares in JSW Infrastructure IPO and 1,63,73,239 shares in Yatra Online IPO.

	JSW Infrastructure IPO	Yatra Online IPO
Anchor Investor Reserveration	10,58,82,352 shares	2,45,59,860 shares
Market Maker Reserveration
QIB	7,05,88,236 shares	1,63,73,239 shares
NII	3,52,94,118 shares	81,86,619 shares
RII	2,35,29,411 shares	54,57,746 shares
Employee	0 shares	0 shares
Others
Total	12,94,11,765 shares	3,00,17,604 shares

Bids Received (Subscription)

JSW Infrastructure IPO subscribed 39.36x in total, whereas Yatra Online IPO subscribed 1.66x.

	JSW Infrastructure IPO	Yatra Online IPO
QIB (times)	60.12x	2.10x
NII (times)	16.83x	0.43x
Big NII (times)	17.94x	0.51x
Small NII (times)	14.62x	0.28x
RII (times)	10.87x	2.19x
Employee (times)
Other (times)
Total (times)	39.36x	1.66x

Compare with others

JSW Infrastructure IPO	Yatra Online IPO
Saraswati Saree Depot IPO	Updater Services IPO
Plaza Wires IPO	Valiant Laboratories IPO
Updater Services IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Valiant Laboratories IPO	JSW Infrastructure IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Sai Silks (Kalamandir) IPO
Sai Silks (Kalamandir) IPO	Zaggle Prepaid Ocean Services IPO
Yatra Online IPO	R R Kabel IPO
Zaggle Prepaid Ocean Services IPO	SAMHI Hotels IPO
R R Kabel IPO	EMS IPO
SAMHI Hotels IPO	Jupiter Life Line Hospitals IPO

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