Mufti Menswear IPO vs RBZ Jewellers IPO

Comparision between Mufti Menswear IPO and RBZ Jewellers IPO.

IPO Details

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

	Mufti Menswear IPO	RBZ Jewellers 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	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) ICICI Securities Limited Keynote Financial Services Ltd	Arihant Capital Markets Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Mufti Menswear IPO is up to ₹549.78 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Mufti Menswear IPO is ₹280.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.

	Mufti Menswear IPO	RBZ Jewellers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹266.00 per share	₹95.00 per share
Issue Price (Upper)	₹280.00 per share	₹100.00 per share
Issue Price (Final)	₹280.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	150 shares
Fresh Issue Size		1,00,00,000 shares
Fresh Issue Size (Amount)		up to ₹100.00 Cr
OFS Issue Size	1,96,34,960 shares
OFS Issue Size (Amount)	up to ₹549.78 Cr
Issue Size Total	1,96,34,960 shares	1,00,00,000 shares
Issue Size Total (Amount)	up to ₹549.78 Cr	up to ₹100.00 Cr

IPO Timetable

Mufti Menswear IPO opens on Dec 19, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Mufti Menswear IPO and RBZ Jewellers IPO is Dec 21, 2023, and Dec 21, 2023, respectively.

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

Financials

Mufti Menswear IPO P/E ratio is 23.22, as compared to RBZ Jewellers IPO P/E ratio of 13.77.

Mufti Menswear IPO

RBZ Jewellers IPO

Financial

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

RBZ Jewellers Limited Financial Information (Restated)

RBZ Jewellers Limited's revenue increased by 14.69% and profit after tax (PAT) rose by 55.03% 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	234.76	206.84	154.03	123.74
Revenue	125.52	289.63	252.53	107.71
Profit After Tax	12.09	22.33	14.41	9.75
Net Worth	104.57	92.47	70.03	55.55
Reserves and Surplus	74.02	61.93	65.60	51.19
Total Borrowing	101.84	95.79	59.71	54.90
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.66%

100%

Promoter Shareholding (Post-Issue)

53.66%

75%

P/E Ratio

23.22

13.77

Market Cap

₹1800.45 Cr.

₹400.00 Cr.

ROE

29.98%%

27.49%%

ROCE

28.16%%

27.49%%

Debt/Equity

0.65

1.02

EPS

₹0.54

₹7.44

RoNW

29.98%%

20.08%%

Shares Offered

In the Mufti Menswear IPO retail investors (RII) are offered 68,72,236 shares while in RBZ Jewellers IPO retail investors are offered 68,72,236 shares. Qualified institutional buyers (QIB) are offered 39,26,992 shares in Mufti Menswear IPO and 14,00,000 shares in RBZ Jewellers IPO.

	Mufti Menswear IPO	RBZ Jewellers IPO
Anchor Investor Reserveration	58,90,488 shares	21,00,000 shares
Market Maker Reserveration
QIB	39,26,992 shares	14,00,000 shares
NII	29,45,244 shares	30,00,000 shares
RII	68,72,236 shares	35,00,000 shares
Employee	0 shares	0 shares
Others
Total	1,37,44,472 shares	79,00,000 shares

Bids Received (Subscription)

Mufti Menswear IPO subscribed 51.85x in total, whereas RBZ Jewellers IPO subscribed 16.86x.

	Mufti Menswear IPO	RBZ Jewellers IPO
QIB (times)	104.95x	13.43x
NII (times)	55.52x	9.27x
Big NII (times)	55.73x	6.79x
Small NII (times)	55.10x	14.21x
RII (times)	19.94x	24.74x
Employee (times)
Other (times)
Total (times)	51.85x	16.86x

Compare with others

Mufti Menswear IPO	RBZ Jewellers IPO
Nova AgriTech IPO	Innova Captab IPO
Medi Assist Healthcare IPO	Azad Engineering IPO
Jyoti CNC Automation IPO	Mufti Menswear IPO
Innova Captab IPO	Inox CVA IPO
Azad Engineering IPO	Suraj Estate Developers IPO
Inox CVA IPO	Motisons Jewellers IPO
Suraj Estate Developers IPO	Mukka Proteins IPO
RBZ Jewellers IPO	Happy Forgings IPO
Motisons Jewellers IPO	Muthoot Microfin IPO
Mukka Proteins IPO	DOMS IPO

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