Azad Engineering IPO vs RBZ Jewellers IPO

Comparision between Azad Engineering IPO and RBZ Jewellers IPO.

IPO Details

Azad Engineering 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.

	Azad Engineering 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited	Arihant Capital Markets Ltd
Registrar	Kfin Technologies Limited	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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.

	Azad Engineering IPO	RBZ Jewellers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹499.00 per share	₹95.00 per share
Issue Price (Upper)	₹524.00 per share	₹100.00 per share
Issue Price (Final)	₹524.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	150 shares
Fresh Issue Size	45,80,153 shares	1,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹100.00 Cr
OFS Issue Size	95,41,985 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr
Issue Size Total	1,41,22,138 shares	1,00,00,000 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹100.00 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Azad Engineering IPO and RBZ Jewellers IPO is Dec 22, 2023, and Dec 21, 2023, respectively.

	Azad Engineering IPO	RBZ Jewellers IPO
Anchor Bid Date	Dec 19, 2023	Dec 18, 2023
Issue Open	Dec 20, 2023	Dec 19, 2023
Issue Close	Dec 22, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 26, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 27, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 27, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 28, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 25, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 25, 2024	Mar 21, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to RBZ Jewellers IPO P/E ratio of 13.77.

Azad Engineering IPO

RBZ Jewellers IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% 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	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
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)

78.61%

100%

Promoter Shareholding (Post-Issue)

56.38%

75%

P/E Ratio

292.74

13.77

Market Cap

₹3097.52 Cr.

₹400.00 Cr.

ROE

4.2%%

27.49%%

ROCE

12.99%%

27.49%%

Debt/Equity

1.47

1.02

EPS

₹1.79

₹7.44

RoNW

4.23%%

20.08%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in RBZ Jewellers IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 14,00,000 shares in RBZ Jewellers IPO.

	Azad Engineering IPO	RBZ Jewellers IPO
Anchor Investor Reserveration	42,13,731 shares	21,00,000 shares
Market Maker Reserveration
QIB	28,09,155 shares	14,00,000 shares
NII	21,06,866 shares	30,00,000 shares
RII	49,16,021 shares	35,00,000 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	79,00,000 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas RBZ Jewellers IPO subscribed 16.86x.

	Azad Engineering IPO	RBZ Jewellers IPO
QIB (times)	179.64x	13.43x
NII (times)	90.24x	9.27x
Big NII (times)	93.30x	6.79x
Small NII (times)	84.12x	14.21x
RII (times)	24.51x	24.74x
Employee (times)
Other (times)
Total (times)	83.04x	16.86x

Compare with others

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

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