Azad Engineering IPO vs Jyoti CNC Automation IPO

Comparision between Azad Engineering IPO and Jyoti CNC Automation IPO.

IPO Details

Azad Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Jyoti CNC Automation IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Azad Engineering IPO	Jyoti CNC Automation 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited	Equirus Capital Private Limited ICICI Securities Limited SBI Capital Markets Limited
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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Jyoti CNC Automation IPO is up to ₹1,000.00 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Jyoti CNC Automation IPO is ₹331.00 per share.

	Azad Engineering IPO	Jyoti CNC Automation IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹499.00 per share	₹315.00 per share
Issue Price (Upper)	₹524.00 per share	₹331.00 per share
Issue Price (Final)	₹524.00 per share	₹331.00 per share
Discount (Retail)
Discount (Employee)		₹15.00 per share
Market Lot Size	28 shares	45 shares
Fresh Issue Size	45,80,153 shares	3,02,11,480 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹1,000.00 Cr
OFS Issue Size	95,41,985 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr
Issue Size Total	1,41,22,138 shares	3,02,11,480 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹1,000.00 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while Jyoti CNC Automation IPO opens on Jan 09, 2024. The closing date of Azad Engineering IPO and Jyoti CNC Automation IPO is Dec 22, 2023, and Jan 11, 2024, respectively.

	Azad Engineering IPO	Jyoti CNC Automation IPO
Anchor Bid Date	Dec 19, 2023	Jan 08, 2024
Issue Open	Dec 20, 2023	Jan 09, 2024
Issue Close	Dec 22, 2023	Jan 11, 2024
Basis Of Allotment (Tentative)	Dec 26, 2023	Jan 12, 2024
Initiation of Refunds (Tentative)	Dec 27, 2023	Jan 15, 2024
Credit of Share (Tentative)	Dec 27, 2023	Jan 15, 2024
Listing date (Tentative)	Dec 28, 2023	Jan 16, 2024
Anchor Lockin End date 1	Jan 25, 2024	Feb 11, 2024
Anchor Lockin End date 2	Mar 25, 2024	Apr 11, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to Jyoti CNC Automation IPO P/E ratio of 433.43.

Azad Engineering IPO

Jyoti CNC Automation IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% 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	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
Amount in ₹ Crore

Jyoti CNC Automation Limited Financial Information (Restated Consolidated)

Jyoti CNC Automation Limited's revenue increased by 27% and profit after tax (PAT) rose by 131.18% 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	1,706.07	1,515.38	1,286.24	1,388.19
Revenue	510.53	952.60	750.06	590.09
Profit After Tax	3.35	15.06	-48.30	-70.03
Net Worth	205.63	36.23	-29.68	18.67
Reserves and Surplus	213.33	49.14	11.67	83.11
Total Borrowing	821.40	834.97	792.16	725.12
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.61%

72.66%

Promoter Shareholding (Post-Issue)

56.38%

62.6%

P/E Ratio

292.74

433.43

Market Cap

₹3097.52 Cr.

₹7527.47 Cr.

ROE

4.2%%

18.35%%

ROCE

12.99%%

9.50%%

Debt/Equity

1.47

10.17

EPS

₹1.79

₹0.76

RoNW

4.23%%

18.35%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in Jyoti CNC Automation IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 90,18,127 shares in Jyoti CNC Automation IPO.

	Azad Engineering IPO	Jyoti CNC Automation IPO
Anchor Investor Reserveration	42,13,731 shares	1,35,27,190 shares
Market Maker Reserveration
QIB	28,09,155 shares	90,18,127 shares
NII	21,06,866 shares	45,09,064 shares
RII	49,16,021 shares	30,06,042 shares
Employee	0 shares	1,58,227 shares
Others
Total	98,32,042 shares	1,66,91,460 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas Jyoti CNC Automation IPO subscribed 40.49x.

	Azad Engineering IPO	Jyoti CNC Automation IPO
QIB (times)	179.64x	46.37x
NII (times)	90.24x	38.33x
Big NII (times)	93.30x	42.77x
Small NII (times)	84.12x	29.47x
RII (times)	24.51x	27.50x
Employee (times)		13.14x
Other (times)
Total (times)	83.04x	40.49x

Compare with others

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Jyoti CNC Automation IPO	Nova AgriTech IPO
Innova Captab IPO	Medi Assist Healthcare IPO
Mufti Menswear IPO	Innova Captab IPO
Inox CVA IPO	Azad Engineering IPO
Suraj Estate Developers IPO	Mufti Menswear IPO
RBZ Jewellers IPO	Inox CVA IPO
Motisons Jewellers IPO	Suraj Estate Developers IPO

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