Avalon Technologies IPO vs Nexus Select Trust REIT

Comparision between Avalon Technologies IPO and Nexus Select Trust REIT.

IPO Details

Avalon Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Nexus Select Trust REIT is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Avalon Technologies IPO	Nexus Select Trust REIT
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	REIT
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Jm Financial Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Bofa Securities India Limited Axis Capital Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	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 Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the Nexus Select Trust REIT is up to ₹3,200.00 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Nexus Select Trust REIT is ₹100.00 per share.

	Avalon Technologies IPO	Nexus Select Trust REIT
Face Value	₹2 per share
Issue Price (Lower)	₹415.00 per share	₹95.00 per share
Issue Price (Upper)	₹436.00 per share	₹100.00 per share
Issue Price (Final)	₹436.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	150 shares
Fresh Issue Size	73,39,450 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr	up to ₹1,400.00 Cr
OFS Issue Size	1,25,00,000 shares
OFS Issue Size (Amount)	up to ₹545.00 Cr	up to ₹1,800.00 Cr
Issue Size Total	1,98,39,450 shares
Issue Size Total (Amount)	up to ₹865.00 Cr	up to ₹3,200.00 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Nexus Select Trust REIT opens on May 09, 2023. The closing date of Avalon Technologies IPO and Nexus Select Trust REIT is Apr 06, 2023, and May 11, 2023, respectively.

	Avalon Technologies IPO	Nexus Select Trust REIT
Anchor Bid Date	Mar 31, 2023	May 08, 2023
Issue Open	Apr 03, 2023	May 09, 2023
Issue Close	Apr 06, 2023	May 11, 2023
Basis Of Allotment (Tentative)	Apr 12, 2023	May 16, 2023
Initiation of Refunds (Tentative)	Apr 13, 2023	May 17, 2023
Credit of Share (Tentative)	Apr 17, 2023	May 18, 2023
Listing date (Tentative)	Apr 18, 2023	May 19, 2023
Anchor Lockin End date 1	May 12, 2023	Jun 15, 2023
Anchor Lockin End date 2	Jul 11, 2023	Aug 14, 2023

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to Nexus Select Trust REIT P/E ratio of .

Avalon Technologies IPO

Nexus Select Trust REIT

Financial

Avalon Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	449.65	653.15	12.33	248.48
31-Mar-21	512.48	695.90	23.08	295.33
31-Mar-22	587.96	851.65	68.16	294.05
Amount in ₹ Crore

Nexus Select Trust Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Reserves and Surplus	Total Borrowing
31-Mar-20	9,527.64	1,708.19	206.74	976.05	5,955.67
31-Mar-21	8,959.36	1,047.97	-199.11	340.89	6,281.38
31-Mar-22	9,089.77	1,398.52	-10.95	389.15	6,311.20
31-Dec-22	8,989.53	1,498.35	257.02	639.31	5,872.31
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.75%

Promoter Shareholding (Post-Issue)

51.24%

P/E Ratio

55.54

Market Cap

₹2846.76 Cr.

ROE

85.90%%

ROCE

27.40%%

Debt/Equity

3.64

EPS

RoNW

Shares Offered

In the Avalon Technologies IPO retail investors (RII) are offered 19,83,944 shares while in Nexus Select Trust REIT retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 10,10,52,450 shares in Nexus Select Trust REIT.

	Avalon Technologies IPO	Nexus Select Trust REIT
Anchor Investor Reserveration	89,27,751 shares	14,39,99,850 shares
Market Maker Reserveration
QIB	59,15,011 shares	10,10,52,450 shares
NII	29,75,917 shares	0 shares
RII	19,83,944 shares	0 shares
Employee	0 shares	0 shares
Others
Total	1,08,44,186 shares	18,52,63,050 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Nexus Select Trust REIT subscribed 5.45x.

	Avalon Technologies IPO	Nexus Select Trust REIT
QIB (times)	3.77x	4.81x
NII (times)	0.43x
Big NII (times)	0.44x
Small NII (times)	0.41x
RII (times)	0.88x
Employee (times)
Other (times)		6.23x
Total (times)	2.34x	5.45x

Compare with others

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

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