Inox CVA IPO vs Mufti Menswear IPO

Comparision between Inox CVA IPO and Mufti Menswear IPO.

IPO Details

Inox CVA 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.

	Inox CVA 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 Axis Capital 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 Inox CVA IPO is up to ₹1,459.32 Cr whereas the issue size of the Mufti Menswear IPO is up to ₹549.78 Cr. The final issue price of Inox CVA IPO is ₹660.00 per share and of Mufti Menswear IPO is ₹280.00 per share.

	Inox CVA IPO	Mufti Menswear IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹627.00 per share	₹266.00 per share
Issue Price (Upper)	₹660.00 per share	₹280.00 per share
Issue Price (Final)	₹660.00 per share	₹280.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	53 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,21,10,955 shares	1,96,34,960 shares
OFS Issue Size (Amount)	up to ₹1,459.32 Cr	up to ₹549.78 Cr
Issue Size Total	2,21,10,955 shares	1,96,34,960 shares
Issue Size Total (Amount)	up to ₹1,459.32 Cr	up to ₹549.78 Cr

IPO Timetable

Inox CVA IPO opens on Dec 14, 2023, while Mufti Menswear IPO opens on Dec 19, 2023. The closing date of Inox CVA IPO and Mufti Menswear IPO is Dec 18, 2023, and Dec 21, 2023, respectively.

	Inox CVA IPO	Mufti Menswear IPO
Anchor Bid Date	Dec 13, 2023	Dec 18, 2023
Issue Open	Dec 14, 2023	Dec 19, 2023
Issue Close	Dec 18, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 19, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 20, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 20, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 21, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 18, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 18, 2024	Mar 21, 2024

Financials

Inox CVA IPO P/E ratio is 39.22, as compared to Mufti Menswear IPO P/E ratio of 23.22.

Inox CVA IPO

Mufti Menswear IPO

Financial

Inox India Limited Financial Information (Restated Consolidated)

Inox India Limited's revenue increased by 22.46% and profit after tax (PAT) rose by 17.02% 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	1,155.81	1,148.36	896.75	687.20
Revenue	580.00	984.20	803.71	608.99
Profit After Tax	103.34	152.71	130.50	96.11
Net Worth	554.24	549.48	502.28	371.51
Reserves and Surplus
Total Borrowing	31.03		43.38	60.37
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)

99.30%

66.66%

Promoter Shareholding (Post-Issue)

75.46%

53.66%

P/E Ratio

39.22

23.22

Market Cap

₹5990.39 Cr.

₹1800.45 Cr.

ROE

27.79%%

29.98%%

ROCE

36.53%%

28.16%%

Debt/Equity

0.65

EPS

₹16.83

₹0.54

RoNW

27.79%%

29.98%%

Shares Offered

In the Inox CVA IPO retail investors (RII) are offered 77,38,835 shares while in Mufti Menswear IPO retail investors are offered 77,38,835 shares. Qualified institutional buyers (QIB) are offered 44,22,191 shares in Inox CVA IPO and 39,26,992 shares in Mufti Menswear IPO.

	Inox CVA IPO	Mufti Menswear IPO
Anchor Investor Reserveration	66,33,285 shares	58,90,488 shares
Market Maker Reserveration
QIB	44,22,191 shares	39,26,992 shares
NII	33,16,644 shares	29,45,244 shares
RII	77,38,835 shares	68,72,236 shares
Employee	0 shares	0 shares
Others
Total	1,54,77,670 shares	1,37,44,472 shares

Bids Received (Subscription)

Inox CVA IPO subscribed 61.28x in total, whereas Mufti Menswear IPO subscribed 51.85x.

	Inox CVA IPO	Mufti Menswear IPO
QIB (times)	147.80x	104.95x
NII (times)	53.20x	55.52x
Big NII (times)	56.55x	55.73x
Small NII (times)	46.52x	55.10x
RII (times)	15.30x	19.94x
Employee (times)
Other (times)
Total (times)	61.28x	51.85x

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Mufti Menswear IPO	Azad Engineering IPO
Suraj Estate Developers IPO	Inox CVA IPO
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Mukka Proteins IPO	Motisons Jewellers IPO
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