Innova Captab IPO vs Mufti Menswear IPO

Comparision between Innova Captab IPO and Mufti Menswear IPO.

IPO Details

Innova Captab 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.

	Innova Captab 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	ICICI Securities Limited Jm Financial 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 Innova Captab IPO is up to ₹570.00 Cr whereas the issue size of the Mufti Menswear IPO is up to ₹549.78 Cr. The final issue price of Innova Captab IPO is ₹448.00 per share and of Mufti Menswear IPO is ₹280.00 per share.

	Innova Captab IPO	Mufti Menswear IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹426.00 per share	₹266.00 per share
Issue Price (Upper)	₹448.00 per share	₹280.00 per share
Issue Price (Final)	₹448.00 per share	₹280.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	33 shares	53 shares
Fresh Issue Size	71,42,857 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr
OFS Issue Size	55,80,357 shares	1,96,34,960 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹549.78 Cr
Issue Size Total	1,27,23,214 shares	1,96,34,960 shares
Issue Size Total (Amount)	up to ₹570.00 Cr	up to ₹549.78 Cr

IPO Timetable

Innova Captab IPO opens on Dec 21, 2023, while Mufti Menswear IPO opens on Dec 19, 2023. The closing date of Innova Captab IPO and Mufti Menswear IPO is Dec 26, 2023, and Dec 21, 2023, respectively.

	Innova Captab IPO	Mufti Menswear IPO
Anchor Bid Date	Dec 20, 2023	Dec 18, 2023
Issue Open	Dec 21, 2023	Dec 19, 2023
Issue Close	Dec 26, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 27, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 28, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 28, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 29, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 26, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 26, 2024	Mar 21, 2024

Financials

Innova Captab IPO P/E ratio is 31.64, as compared to Mufti Menswear IPO P/E ratio of 23.22.

Innova Captab IPO

Mufti Menswear IPO

Financial

Innova Captab Limited Financial Information (Restated Consolidated)

Innova Captab Limited's revenue increased by 16.45% and profit after tax (PAT) rose by 6.26% 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	1,086.16	704.41	575.48	369.62
Revenue	234.37	935.58	803.41	412.03
Profit After Tax	17.59	67.95	63.95	34.50
Net Worth	294.27	276.46	208.56	144.78
Reserves and Surplus	317.51	228.51	196.61	132.82
Total Borrowing	441.90	235.19	198.18	45.03
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)

66.85%

66.66%

Promoter Shareholding (Post-Issue)

53.66%

P/E Ratio

31.64

23.22

Market Cap

₹2563.70 Cr.

₹1800.45 Cr.

ROE

24.58%%

29.98%%

ROCE

22.61%%

28.16%%

Debt/Equity

0.85

0.65

EPS

₹14.16

₹0.54

RoNW

24.58%%

29.98%%

Shares Offered

In the Innova Captab IPO retail investors (RII) are offered 44,53,125 shares while in Mufti Menswear IPO retail investors are offered 44,53,125 shares. Qualified institutional buyers (QIB) are offered 25,44,643 shares in Innova Captab IPO and 39,26,992 shares in Mufti Menswear IPO.

	Innova Captab IPO	Mufti Menswear IPO
Anchor Investor Reserveration	38,16,963 shares	58,90,488 shares
Market Maker Reserveration
QIB	25,44,643 shares	39,26,992 shares
NII	19,08,482 shares	29,45,244 shares
RII	44,53,125 shares	68,72,236 shares
Employee	0 shares	0 shares
Others
Total	89,06,250 shares	1,37,44,472 shares

Bids Received (Subscription)

Innova Captab IPO subscribed 55.26x in total, whereas Mufti Menswear IPO subscribed 51.85x.

	Innova Captab IPO	Mufti Menswear IPO
QIB (times)	116.73x	104.95x
NII (times)	64.95x	55.52x
Big NII (times)	71.59x	55.73x
Small NII (times)	51.65x	55.10x
RII (times)	17.15x	19.94x
Employee (times)
Other (times)
Total (times)	55.26x	51.85x

Compare with others

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

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