Elin Electronics IPO vs Radiant Cash Management IPO

Comparision between Elin Electronics IPO and Radiant Cash Management IPO.

IPO Details

Elin Electronics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Elin Electronics IPO	Radiant Cash Management 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	Axis Capital Limited Jm Financial Limited	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited Yes Securities (India) Limited
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 Elin Electronics IPO is up to ₹475.00 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.

	Elin Electronics IPO	Radiant Cash Management IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹234.00 per share	₹94.00 per share
Issue Price (Upper)	₹247.00 per share	₹99.00 per share
Issue Price (Final)	₹247.00 per share	₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	150 shares
Fresh Issue Size		54,54,546 shares
Fresh Issue Size (Amount)	up to ₹175.00 Cr	up to ₹54.00 Cr
OFS Issue Size		2,12,22,431 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹202.64 Cr
Issue Size Total		2,66,76,977 shares
Issue Size Total (Amount)	up to ₹475.00 Cr	up to ₹256.64 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Elin Electronics IPO and Radiant Cash Management IPO is Dec 22, 2022, and Dec 27, 2022, respectively.

	Elin Electronics IPO	Radiant Cash Management IPO
Anchor Bid Date	Dec 19, 2022	Dec 22, 2022
Issue Open	Dec 20, 2022	Dec 23, 2022
Issue Close	Dec 22, 2022	Dec 27, 2022
Basis Of Allotment (Tentative)	Dec 27, 2022	Dec 30, 2022
Initiation of Refunds (Tentative)	Dec 28, 2022	Jan 02, 2023
Credit of Share (Tentative)	Dec 29, 2022	Jan 03, 2023
Listing date (Tentative)	Dec 30, 2022	Jan 04, 2023
Anchor Lockin End date 1	Jan 26, 2023	Jan 29, 2023
Anchor Lockin End date 2	Mar 27, 2023	Mar 30, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to Radiant Cash Management IPO P/E ratio of 17.34.

Elin Electronics IPO

Radiant Cash Management IPO

Financial

Elin Electronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	397.73	829.74	29.07	86.64
31-Mar-20	387.63	786.37	27.49	69.89
31-Mar-21	508.31	864.9	34.86	113.77
31-Mar-22	532.61	1094.67	39.15	102.33
30-Sep-22	589.24	604.74	20.67	102.77
Amount in ₹ Crore

Radiant Cash Management Services Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	141.44	223.13	25.02	105.72	17.73
31-Mar-20	157.62	251.78	36.5	119.57	21.13
31-Mar-21	162.14	224.16	32.43	127.1	11.05
31-Mar-22	190.57	286.97	38.21	139.76	26.75
30-Jun-22	203.95	84.38	15.32	155.19	25.54
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

53.98%

66.39%

Promoter Shareholding (Post-Issue)

32.93%

53.21%

P/E Ratio

29.69

17.34

Market Cap

₹1226.58 Cr.

₹1062.41 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Elin Electronics IPO retail investors (RII) are offered 71,04,693 shares while in Radiant Cash Management IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 78,37,121 shares in Radiant Cash Management IPO.

	Elin Electronics IPO	Radiant Cash Management IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	40,59,824 shares	78,37,121 shares
NII	30,44,869 shares	58,77,841 shares
RII	71,04,693 shares	1,37,14,963 shares
Employee	0 shares	0 shares
Others
Total	1,42,09,386 shares	2,74,29,925 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

	Elin Electronics IPO	Radiant Cash Management IPO
QIB (times)	4.51x	1.01x
NII (times)	3.29x	0.66x
Big NII (times)	2.99x	0.94x
Small NII (times)	3.89x	0.09x
RII (times)	2.20x	0.21x
Employee (times)
Other (times)
Total (times)	3.09x	0.53x

Compare with others

Elin Electronics IPO	Radiant Cash Management IPO
Signatureglobal India IPO	Avalon Technologies IPO
Radiant Cash Management IPO	Udayshivakumar Infra IPO
KFin Technologies IPO	Global Surfaces IPO
Abans Holdings IPO	Divgi TorqTransfer Systems IPO
Sah Polymers IPO	Signatureglobal India IPO
Sula Vineyards IPO	KFin Technologies IPO
Dharmaj Crop Guard IPO	Abans Holdings IPO
Landmark Cars IPO	Sah Polymers IPO
Keystone Realtors IPO	Elin Electronics IPO
Inox Green Energy IPO	Sula Vineyards IPO

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