IBL Finance IPO vs Kaushalya Logistics IPO

Comparision between IBL Finance IPO and Kaushalya Logistics IPO.

IPO Details

IBL Finance IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Kaushalya Logistics IPO is a SME Book Built Issue proposed to list at NSE SME.

	IBL Finance IPO	Kaushalya Logistics IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Fixed Price Issue	Book Built Issue
Listing At	NSE SME	NSE SME
Lead Managers	Fedex Securities�Pvt Ltd	Khandwala Securities Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Market-Hub Stock Broking Private Limited	Nikunj Stock Brokers Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹33.41 Cr whereas the issue size of the Kaushalya Logistics IPO is up to ₹36.60 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Kaushalya Logistics IPO is ₹75.00 per share.

	IBL Finance IPO	Kaushalya Logistics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)		₹71.00 per share
Issue Price (Upper)		₹75.00 per share
Issue Price (Final)	₹51.00 per share	₹75.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	2000 shares	1600 shares
Fresh Issue Size	65,50,000 shares	33,80,000 shares
Fresh Issue Size (Amount)	up to ₹33.41 Cr	up to ₹25.35 Cr
OFS Issue Size		15,00,000 shares
OFS Issue Size (Amount)		up to ₹11.25 Cr
Issue Size Total	65,50,000 shares	48,80,000 shares
Issue Size Total (Amount)	up to ₹33.41 Cr	up to ₹36.60 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Kaushalya Logistics IPO opens on Dec 29, 2023. The closing date of IBL Finance IPO and Kaushalya Logistics IPO is Jan 11, 2024, and Jan 03, 2024, respectively.

	IBL Finance IPO	Kaushalya Logistics IPO
Anchor Bid Date		Dec 28, 2023
Issue Open	Jan 09, 2024	Dec 29, 2023
Issue Close	Jan 11, 2024	Jan 03, 2024
Basis Of Allotment (Tentative)	Jan 12, 2024	Jan 04, 2024
Initiation of Refunds (Tentative)	Jan 15, 2024	Jan 05, 2024
Credit of Share (Tentative)	Jan 15, 2024	Jan 05, 2024
Listing date (Tentative)	Jan 16, 2024	Jan 08, 2024
Anchor Lockin End date 1	Feb 11, 2024	Feb 03, 2024
Anchor Lockin End date 2	Apr 11, 2024	Apr 03, 2024

Financials

IBL Finance IPO P/E ratio is 48.08, as compared to Kaushalya Logistics IPO P/E ratio of 0.16.

IBL Finance IPO

Kaushalya Logistics IPO

Financial

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Jul 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,317.60	2,218.11	1,022.85	339.10
Revenue	492.58	1,333.13	327.08	112.59
Profit After Tax	120.60	192.83	42.73	-9.88
Net Worth	2,169.34	2,048.74	355.47	312.73
Reserves and Surplus	351.27	1,139.71	29.47	-13.27
Total Borrowing	7.51	9.12	640.58
Amount in ₹ Lakhs

Kaushalya Logistics Limited Financial Information (Restated Consolidated)

Kaushalya Logistics Limited's revenue increased by 894.14% and profit after tax (PAT) rose by 87.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	16,842.35	14,069.86	6,493.87	3,276.49
Revenue	57,053.16	63,216.41	6,358.92	3,328.40
Profit After Tax	214.65	705.87	376.61	299.69
Net Worth	2,148.29	1,933.64	1,226.62	849.60
Reserves and Surplus	2,133.29	1,918.64	1,211.62	834.60
Total Borrowing	5,488.50	3,213.34	2,476.88	1,070.36
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

85.55%

99.99%

Promoter Shareholding (Post-Issue)

62.89%

72.98%

P/E Ratio

48.08

0.16

Market Cap

₹126.13 Cr.

₹138.98 Cr.

ROE

9.41%%

4713.49%%

ROCE

18.88%%

70.48%%

Debt/Equity

EPS

₹1.06

₹470.58

RoNW

9.41%%

36.50%%

Shares Offered

In the IBL Finance IPO retail investors (RII) are offered 31,10,000 shares while in Kaushalya Logistics IPO retail investors are offered 31,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in IBL Finance IPO and 9,82,400 shares in Kaushalya Logistics IPO.

	IBL Finance IPO	Kaushalya Logistics IPO
Anchor Investor Reserveration		13,34,000 shares
Market Maker Reserveration	3,30,000 shares	2,44,800 shares
QIB	0 shares	9,82,400 shares
NII	31,10,000 shares	6,96,000 shares
RII	31,10,000 shares	16,24,400 shares
Employee	0 shares	0 shares
Others
Total	62,20,000 shares	33,02,800 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas Kaushalya Logistics IPO subscribed 390.88x.

	IBL Finance IPO	Kaushalya Logistics IPO
QIB (times)		92.62x
NII (times)	9.94x	847.88x
Big NII (times)
Small NII (times)
RII (times)	24.03x	375.44x
Employee (times)
Other (times)
Total (times)	17.00x	390.88x

Compare with others

IBL Finance IPO	Kaushalya Logistics IPO
Konstelec Engineers IPO	Shree Marutinandan Tubes IPO
Maxposure IPO	Australian Premium Solar (India) IPO
Shree Marutinandan Tubes IPO	Lawsikho IPO
Australian Premium Solar (India) IPO	IBL Finance IPO
Lawsikho IPO	New Swan Multitech IPO
New Swan Multitech IPO	Akanksha Power and Infrastructure IPO
Kaushalya Logistics IPO	HRH Next Services IPO
Akanksha Power and Infrastructure IPO	MCPL IPO
HRH Next Services IPO	Kay Cee Energy & Infra IPO
MCPL IPO	Balaji Valve Components IPO

1 Comments

1. Sekar r

| Link|January 10, 2024 5:37:07 PMReply

It looks Jyoti ipo seems to be safe for retail investors