Azad Engineering IPO vs Mufti Menswear IPO

Comparision between Azad Engineering IPO and Mufti Menswear IPO.

IPO Details

Azad Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mufti Menswear IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Azad Engineering IPO	Mufti Menswear 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Keynote Financial Services 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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Mufti Menswear IPO is up to ₹549.78 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Mufti Menswear IPO is ₹280.00 per share.

	Azad Engineering IPO	Mufti Menswear IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹499.00 per share	₹266.00 per share
Issue Price (Upper)	₹524.00 per share	₹280.00 per share
Issue Price (Final)	₹524.00 per share	₹280.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	53 shares
Fresh Issue Size	45,80,153 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr
OFS Issue Size	95,41,985 shares	1,96,34,960 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹549.78 Cr
Issue Size Total	1,41,22,138 shares	1,96,34,960 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹549.78 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while Mufti Menswear IPO opens on Dec 19, 2023. The closing date of Azad Engineering IPO and Mufti Menswear IPO is Dec 22, 2023, and Dec 21, 2023, respectively.

	Azad Engineering IPO	Mufti Menswear IPO
Anchor Bid Date	Dec 19, 2023	Dec 18, 2023
Issue Open	Dec 20, 2023	Dec 19, 2023
Issue Close	Dec 22, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 26, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 27, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 27, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 28, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 25, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 25, 2024	Mar 21, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to Mufti Menswear IPO P/E ratio of 23.22.

Azad Engineering IPO

Mufti Menswear 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

Credo Brands Marketing Limited Financial Information (Restated Consolidated)

Credo Brands Marketing Limited's revenue increased by 43.54% and profit after tax (PAT) rose by 116.88% 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	592.38	574.48	476.05	416.99
Revenue	119.43	509.32	354.84	261.15
Profit After Tax	8.58	77.51	35.74	3.44
Net Worth	289.88	281.35	235.73	192.33
Reserves and Surplus
Total Borrowing	11.30	10.08	13.46	15.23
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.61%

66.66%

Promoter Shareholding (Post-Issue)

56.38%

53.66%

P/E Ratio

292.74

23.22

Market Cap

₹3097.52 Cr.

₹1800.45 Cr.

ROE

4.2%%

29.98%%

ROCE

12.99%%

28.16%%

Debt/Equity

1.47

0.65

EPS

₹1.79

₹0.54

RoNW

4.23%%

29.98%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in Mufti Menswear IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 39,26,992 shares in Mufti Menswear IPO.

	Azad Engineering IPO	Mufti Menswear IPO
Anchor Investor Reserveration	42,13,731 shares	58,90,488 shares
Market Maker Reserveration
QIB	28,09,155 shares	39,26,992 shares
NII	21,06,866 shares	29,45,244 shares
RII	49,16,021 shares	68,72,236 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	1,37,44,472 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas Mufti Menswear IPO subscribed 51.85x.

	Azad Engineering IPO	Mufti Menswear IPO
QIB (times)	179.64x	104.95x
NII (times)	90.24x	55.52x
Big NII (times)	93.30x	55.73x
Small NII (times)	84.12x	55.10x
RII (times)	24.51x	19.94x
Employee (times)
Other (times)
Total (times)	83.04x	51.85x

Compare with others

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

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