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Happy Forgings IPO vs RBZ Jewellers IPO

Comparision between Happy Forgings IPO and RBZ Jewellers IPO.

IPO Details

Happy Forgings 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.

  Happy Forgings IPO RBZ Jewellers IPO
Logo Happy Forgings IPO Logo 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 Jm Financial Limited

Axis Capital Limited

Equirus Capital Private Limited

Motilal Oswal Investment Advisors Limited
Arihant Capital Markets Ltd
Registrar Link Intime India Private Ltd 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 Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.

  Happy Forgings IPO RBZ Jewellers IPO
Face Value ₹2 per share ₹10 per share
Issue Price (Lower) ₹808.00 per share ₹95.00 per share
Issue Price (Upper) ₹850.00 per share ₹100.00 per share
Issue Price (Final) ₹850.00 per share ₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 17 shares 150 shares
Fresh Issue Size 47,05,882 shares 1,00,00,000 shares
Fresh Issue Size (Amount) up to ₹400.00 Cr up to ₹100.00 Cr
OFS Issue Size 71,59,920 shares
OFS Issue Size (Amount) up to ₹608.59 Cr
Issue Size Total 1,18,65,802 shares 1,00,00,000 shares
Issue Size Total (Amount) up to ₹1,008.59 Cr up to ₹100.00 Cr

IPO Timetable

Happy Forgings IPO opens on Dec 19, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Happy Forgings IPO and RBZ Jewellers IPO is Dec 21, 2023, and Dec 21, 2023, respectively.

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

Financials

Happy Forgings IPO P/E ratio is 36.45, as compared to RBZ Jewellers IPO P/E ratio of 13.77.

  Happy Forgings IPO RBZ Jewellers IPO
Financial

Happy Forgings Limited Financial Information (Restated Standalone)

Happy Forgings Limited's revenue increased by 38.81% and profit after tax (PAT) rose by 46.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,489.801,326.171,129.87876.38
Revenue675.731,202.27866.11590.81
Profit After Tax119.30208.70142.2986.45
Net Worth1,103.33988.31787.62645.16
Reserves and Surplus1,088.25978.66769.72636.21
Total Borrowing258.97218.52240.35153.47
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 Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets234.76206.84154.03123.74
Revenue125.52289.63252.53107.71
Profit After Tax12.0922.3314.419.75
Net Worth104.5792.4770.0355.55
Reserves and Surplus74.0261.9365.6051.19
Total Borrowing101.8495.7959.7154.90
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 88.24% 100%
Promoter Shareholding (Post-Issue) 78.60% 75%
P/E Ratio 36.45 13.77
Market Cap ₹8007.42 Cr. ₹400.00 Cr.
ROE 21.12%% 27.49%%
ROCE 24.24%% 27.49%%
Debt/Equity 1.02
EPS ₹23.32 ₹7.44
RoNW 21.12%% 20.08%%

Shares Offered

In the Happy Forgings IPO retail investors (RII) are offered 41,53,031 shares while in RBZ Jewellers IPO retail investors are offered 41,53,031 shares. Qualified institutional buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 14,00,000 shares in RBZ Jewellers IPO.

  Happy Forgings IPO RBZ Jewellers IPO
Anchor Investor Reserveration 35,59,740 shares 21,00,000 shares
Market Maker Reserveration
QIB 23,73,160 shares 14,00,000 shares
NII 17,79,870 shares 30,00,000 shares
RII 41,53,031 shares 35,00,000 shares
Employee 0 shares 0 shares
Others
Total 83,06,061 shares 79,00,000 shares

Bids Received (Subscription)

Happy Forgings IPO subscribed 82.63x in total, whereas RBZ Jewellers IPO subscribed 16.86x.

  Happy Forgings IPO RBZ Jewellers IPO
QIB (times) 214.65x 13.43x
NII (times) 63.45x 9.27x
Big NII (times) 69.87x 6.79x
Small NII (times) 50.61x 14.21x
RII (times) 15.40x 24.74x
Employee (times)
Other (times)
Total (times) 82.63x 16.86x

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