IKIO Lighting IPO vs Mankind Pharma IPO

Comparision between IKIO Lighting IPO and Mankind Pharma IPO.

IPO Details

IKIO Lighting IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mankind Pharma IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IKIO Lighting IPO	Mankind Pharma 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	Motilal Oswal Investment Advisors Limited	Kotak Mahindra Capital Company Limited Axis Capital Limited Iifl Securities Ltd Jefferies India Private Limited J.P. Morgan India Private Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 IKIO Lighting IPO is up to ₹606.50 Cr whereas the issue size of the Mankind Pharma IPO is up to ₹4,326.36 Cr. The final issue price of IKIO Lighting IPO is ₹285.00 per share and of Mankind Pharma IPO is ₹1,080.00 per share.

	IKIO Lighting IPO	Mankind Pharma IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹270.00 per share	₹1,026.00 per share
Issue Price (Upper)	₹285.00 per share	₹1,080.00 per share
Issue Price (Final)	₹285.00 per share	₹1,080.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	52 shares	13 shares
Fresh Issue Size	1,22,80,701 shares
Fresh Issue Size (Amount)	up to ₹350.00 Cr
OFS Issue Size	90,00,000 shares	4,00,58,844 shares
OFS Issue Size (Amount)	up to ₹256.50 Cr	up to ₹4,326.36 Cr
Issue Size Total	2,12,80,701 shares	4,00,58,844 shares
Issue Size Total (Amount)	up to ₹606.50 Cr	up to ₹4,326.36 Cr

IPO Timetable

IKIO Lighting IPO opens on Jun 06, 2023, while Mankind Pharma IPO opens on Apr 25, 2023. The closing date of IKIO Lighting IPO and Mankind Pharma IPO is Jun 08, 2023, and Apr 27, 2023, respectively.

	IKIO Lighting IPO	Mankind Pharma IPO
Anchor Bid Date	Jun 05, 2023	Apr 24, 2023
Issue Open	Jun 06, 2023	Apr 25, 2023
Issue Close	Jun 08, 2023	Apr 27, 2023
Basis Of Allotment (Tentative)	Jun 13, 2023	May 03, 2023
Initiation of Refunds (Tentative)	Jun 14, 2023	May 04, 2023
Credit of Share (Tentative)	Jun 15, 2023	May 05, 2023
Listing date (Tentative)	Jun 16, 2023	May 09, 2023
Anchor Lockin End date 1	Jul 13, 2023	Jun 02, 2023
Anchor Lockin End date 2	Sep 11, 2023	Aug 01, 2023

Financials

IKIO Lighting IPO P/E ratio is 32.13, as compared to Mankind Pharma IPO P/E ratio of 32.5.

IKIO Lighting IPO

Mankind Pharma IPO

Financial

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	144.83	221.83	21.41	35.90	46.86
31-Mar-21	174.45	214.57	28.81	62.86	69.36
31-Mar-22	264.87	334.00	50.52	108.87	106.56
31-Dec-22	335.50	332.79	51.35	140.83	136.33
Amount in ₹ Crore

Mankind Pharma Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	5,073.29	5,975.65	1,056.15	3,485.31	3,436.34	126.92
31-Mar-21	6,372.63	6,385.38	1,293.03	4,722.00	4,674.39	234.53
31-Dec-21	8,043.88	6,218.29	1,260.24	5,965.46	5,916.86	268.70
31-Mar-22	9,147.74	7,977.58	1,452.96	6,155.23	6,106.06	868.03
31-Dec-22	9,273.75	6,777.82	1,015.98	7,145.89	7,094.12	167.93
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

79.00%

Promoter Shareholding (Post-Issue)

72.46%

76.50%

P/E Ratio

32.13

32.5

Market Cap

₹2202.50 Cr.

₹43263.60 Cr.

ROE

36.00%%

27.60%%

ROCE

26.00%%

26.10%%

Debt/Equity

1.03

EPS

₹7.90

₹33.20

RoNW

36.46%%

27.70%%

Shares Offered

In the IKIO Lighting IPO retail investors (RII) are offered 74,48,246 shares while in Mankind Pharma IPO retail investors are offered 74,48,246 shares. Qualified institutional buyers (QIB) are offered 42,56,140 shares in IKIO Lighting IPO and 80,11,769 shares in Mankind Pharma IPO.

	IKIO Lighting IPO	Mankind Pharma IPO
Anchor Investor Reserveration	63,84,209 shares	1,20,17,652 shares
Market Maker Reserveration
QIB	42,56,140 shares	80,11,769 shares
NII	31,92,107 shares	60,08,827 shares
RII	74,48,246 shares	1,40,20,596 shares
Employee	0 shares	0 shares
Others
Total	1,48,96,493 shares	2,80,41,192 shares

Bids Received (Subscription)

IKIO Lighting IPO subscribed 67.75x in total, whereas Mankind Pharma IPO subscribed 15.32x.

	IKIO Lighting IPO	Mankind Pharma IPO
QIB (times)	163.06x	49.16x
NII (times)	65.38x	3.80x
Big NII (times)	69.01x	4.99x
Small NII (times)	58.13x	1.41x
RII (times)	14.31x	0.92x
Employee (times)
Other (times)
Total (times)	67.75x	15.32x

Compare with others

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Senco Gold IPO	HMA Agro Industries IPO
Cyient DLM IPO	IKIO Lighting IPO
ideaForge Technology IPO	Tata Technologies IPO
HMA Agro Industries IPO	Nexus Select Trust REIT
Tata Technologies IPO	Avalon Technologies IPO
Nexus Select Trust REIT	Udayshivakumar Infra IPO
Mankind Pharma IPO	Global Surfaces IPO
Avalon Technologies IPO	Divgi TorqTransfer Systems IPO
Udayshivakumar Infra IPO	Signatureglobal India IPO

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