IKIO Lighting IPO vs Nexus Select Trust REIT

Comparision between IKIO Lighting IPO and Nexus Select Trust REIT.

IPO Details

IKIO Lighting 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.

	IKIO Lighting 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	Motilal Oswal Investment Advisors Limited	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	Kfin Technologies Limited	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 IKIO Lighting IPO is up to ₹606.50 Cr whereas the issue size of the Nexus Select Trust REIT is up to ₹3,200.00 Cr. The final issue price of IKIO Lighting IPO is ₹285.00 per share and of Nexus Select Trust REIT is ₹100.00 per share.

	IKIO Lighting IPO	Nexus Select Trust REIT
Face Value	₹10 per share
Issue Price (Lower)	₹270.00 per share	₹95.00 per share
Issue Price (Upper)	₹285.00 per share	₹100.00 per share
Issue Price (Final)	₹285.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	52 shares	150 shares
Fresh Issue Size	1,22,80,701 shares
Fresh Issue Size (Amount)	up to ₹350.00 Cr	up to ₹1,400.00 Cr
OFS Issue Size	90,00,000 shares
OFS Issue Size (Amount)	up to ₹256.50 Cr	up to ₹1,800.00 Cr
Issue Size Total	2,12,80,701 shares
Issue Size Total (Amount)	up to ₹606.50 Cr	up to ₹3,200.00 Cr

IPO Timetable

IKIO Lighting IPO opens on Jun 06, 2023, while Nexus Select Trust REIT opens on May 09, 2023. The closing date of IKIO Lighting IPO and Nexus Select Trust REIT is Jun 08, 2023, and May 11, 2023, respectively.

	IKIO Lighting IPO	Nexus Select Trust REIT
Anchor Bid Date	Jun 05, 2023	May 08, 2023
Issue Open	Jun 06, 2023	May 09, 2023
Issue Close	Jun 08, 2023	May 11, 2023
Basis Of Allotment (Tentative)	Jun 13, 2023	May 16, 2023
Initiation of Refunds (Tentative)	Jun 14, 2023	May 17, 2023
Credit of Share (Tentative)	Jun 15, 2023	May 18, 2023
Listing date (Tentative)	Jun 16, 2023	May 19, 2023
Anchor Lockin End date 1	Jul 13, 2023	Jun 15, 2023
Anchor Lockin End date 2	Sep 11, 2023	Aug 14, 2023

Financials

IKIO Lighting IPO P/E ratio is 32.13, as compared to Nexus Select Trust REIT P/E ratio of .

IKIO Lighting IPO

Nexus Select Trust REIT

Financial

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	144.83	221.83	21.41	35.90	46.86
31-Mar-21	174.45	214.57	28.81	62.86	69.36
31-Mar-22	264.87	334.00	50.52	108.87	106.56
31-Dec-22	335.50	332.79	51.35	140.83	136.33
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)

100.00%

Promoter Shareholding (Post-Issue)

72.46%

P/E Ratio

32.13

Market Cap

₹2202.50 Cr.

ROE

36.00%%

ROCE

26.00%%

Debt/Equity

1.03

EPS

₹7.90

RoNW

36.46%%

Shares Offered

In the IKIO Lighting IPO retail investors (RII) are offered 74,48,246 shares while in Nexus Select Trust REIT retail investors are offered 74,48,246 shares. Qualified institutional buyers (QIB) are offered 42,56,140 shares in IKIO Lighting IPO and 10,10,52,450 shares in Nexus Select Trust REIT.

	IKIO Lighting IPO	Nexus Select Trust REIT
Anchor Investor Reserveration	63,84,209 shares	14,39,99,850 shares
Market Maker Reserveration
QIB	42,56,140 shares	10,10,52,450 shares
NII	31,92,107 shares	0 shares
RII	74,48,246 shares	0 shares
Employee	0 shares	0 shares
Others
Total	1,48,96,493 shares	18,52,63,050 shares

Bids Received (Subscription)

IKIO Lighting IPO subscribed 67.75x in total, whereas Nexus Select Trust REIT subscribed 5.45x.

	IKIO Lighting IPO	Nexus Select Trust REIT
QIB (times)	163.06x	4.81x
NII (times)	65.38x
Big NII (times)	69.01x
Small NII (times)	58.13x
RII (times)	14.31x
Employee (times)
Other (times)		6.23x
Total (times)	67.75x	5.45x

Compare with others

IKIO Lighting IPO	Nexus Select Trust REIT
Utkarsh Small Finance Bank IPO	Cyient DLM IPO
Senco Gold IPO	ideaForge Technology IPO
Cyient DLM IPO	HMA Agro Industries IPO
ideaForge Technology IPO	IKIO Lighting IPO
HMA Agro Industries IPO	Tata Technologies IPO
Tata Technologies IPO	Mankind Pharma IPO
Nexus Select Trust REIT	Avalon Technologies IPO
Mankind Pharma IPO	Udayshivakumar Infra IPO
Avalon Technologies IPO	Global Surfaces IPO
Udayshivakumar Infra IPO	Divgi TorqTransfer Systems IPO

Comments

Add a public comment...