Indegene IPO vs Popular Vehicles & Services IPO

Comparision between Indegene IPO and Popular Vehicles & Services IPO.

IPO Details

Indegene IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Popular Vehicles & Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indegene IPO	Popular Vehicles & Services 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	ICICI Securities Limited Nuvama Wealth Management Limited Centrum Capital Limited
Registrar	Link Intime India Private Ltd	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 Indegene IPO is up to ₹1,841.76 Cr whereas the issue size of the Popular Vehicles & Services IPO is up to ₹601.55 Cr. The final issue price of Indegene IPO is ₹452.00 per share and of Popular Vehicles & Services IPO is ₹295.00 per share.

	Indegene IPO	Popular Vehicles & Services IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹430.00 per share	₹280.00 per share
Issue Price (Upper)	₹452.00 per share	₹295.00 per share
Issue Price (Final)	₹452.00 per share	₹295.00 per share
Discount (Retail)
Discount (Employee)	₹30.00 per share	₹28.00 per share
Market Lot Size	33 shares	50 shares
Fresh Issue Size	1,68,14,159 shares	84,78,130 shares
Fresh Issue Size (Amount)	up to ₹760.00 Cr	up to ₹250.00 Cr
OFS Issue Size	2,39,32,732 shares	1,19,17,075 shares
OFS Issue Size (Amount)	up to ₹1,081.76 Cr	up to ₹351.55 Cr
Issue Size Total	4,07,46,891 shares	2,03,95,205 shares
Issue Size Total (Amount)	up to ₹1,841.76 Cr	up to ₹601.55 Cr

IPO Timetable

Indegene IPO opens on May 06, 2024, while Popular Vehicles & Services IPO opens on Mar 12, 2024. The closing date of Indegene IPO and Popular Vehicles & Services IPO is May 08, 2024, and Mar 14, 2024, respectively.

	Indegene IPO	Popular Vehicles & Services IPO
Anchor Bid Date	May 03, 2024	Mar 11, 2024
Issue Open	May 06, 2024	Mar 12, 2024
Issue Close	May 08, 2024	Mar 14, 2024
Basis Of Allotment (Tentative)	May 09, 2024	Mar 15, 2024
Initiation of Refunds (Tentative)	May 10, 2024	Mar 18, 2024
Credit of Share (Tentative)	May 10, 2024	Mar 18, 2024
Listing date (Tentative)	May 13, 2024	Mar 19, 2024
Anchor Lockin End date 1	Jun 08, 2024	Apr 14, 2024
Anchor Lockin End date 2	Aug 07, 2024	Jun 13, 2024

Financials

Indegene IPO P/E ratio is 37.78, as compared to Popular Vehicles & Services IPO P/E ratio of 28.88.

Indegene IPO

Popular Vehicles & Services IPO

Financial

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,518.15	2,203.87	1,353.47	596.04
Revenue	1,969.75	2,364.10	1,690.50	996.92
Profit After Tax	241.90	266.10	162.82	149.41
Net Worth	1,327.00	1,063.72	763.90	324.51
Reserves and Surplus	1,282.65	1,019.43	763.55	324.19
Total Borrowing	399.33	394.34	18.24	24.76
Amount in ₹ Crore

Popular Vehicles & Services Limited Financial Information (Restated Consolidated)

Popular Vehicles & Services Limited's revenue increased by 40.42% and profit after tax (PAT) rose by 90.31% 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	1,941.78	1,503.78	1,263.29	1,118.94
Revenue	2,848.21	4,892.63	3,484.20	2,919.25
Profit After Tax	40.04	64.07	33.67	32.46
Net Worth	384.21	343.04	279.89	246.00
Reserves and Surplus	371.67	330.50	267.34	233.46
Total Borrowing	764.61	505.01	371.91	353.04
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

30.71%

69.45%

Promoter Shareholding (Post-Issue)

61.17%

P/E Ratio

37.78

28.88

Market Cap

₹10814.07 Cr.

₹2100.28 Cr.

ROE

10.42%%

ROCE

8.83%%

Debt/Equity

0.3

1.99

EPS

₹11.96

₹10.22

RoNW

18.23%%

10.42%%

Shares Offered

In the Indegene IPO retail investors (RII) are offered 1,41,64,620 shares while in Popular Vehicles & Services IPO retail investors are offered 1,41,64,620 shares. Qualified institutional buyers (QIB) are offered 80,94,069 shares in Indegene IPO and 40,71,551 shares in Popular Vehicles & Services IPO.

	Indegene IPO	Popular Vehicles & Services IPO
Anchor Investor Reserveration	1,21,41,102 shares	61,07,325 shares
Market Maker Reserveration
QIB	80,94,069 shares	40,71,551 shares
NII	60,70,552 shares	30,53,663 shares
RII	1,41,64,620 shares	71,25,213 shares
Employee	2,96,209 shares	37,453 shares
Others
Total	2,86,25,450 shares	1,42,87,880 shares

Bids Received (Subscription)

Indegene IPO subscribed 70.30x in total, whereas Popular Vehicles & Services IPO subscribed 1.25x.

	Indegene IPO	Popular Vehicles & Services IPO
QIB (times)	192.72x	1.92x
NII (times)	55.91x	0.67x
Big NII (times)	62.23x	0.67x
Small NII (times)	43.26x	0.68x
RII (times)	7.86x	1.07x
Employee (times)	6.62x	8.04x
Other (times)
Total (times)	70.30x	1.25x

Compare with others

Indegene IPO	Popular Vehicles & Services IPO
Kronox Lab Sciences IPO	Indegene IPO
Awfis Space Solutions IPO	JNK India IPO
Go Digit IPO	VI FPO
Aadhar Housing Finance IPO	Bharti Hexacom IPO
TBO Tek IPO	SRM Contractors IPO
JNK India IPO	Gopal Namkeen IPO
VI FPO	Krystal Integrated Services IPO
Bharti Hexacom IPO	JG Chemicals IPO
SRM Contractors IPO	Bharat Highways InvIT
Popular Vehicles & Services IPO	GPT Healthcare IPO

Comments

Add a public comment...