Inox CVA IPO vs RBZ Jewellers IPO

Comparision between Inox CVA IPO and RBZ Jewellers IPO.

IPO Details

Inox CVA 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.

	Inox CVA 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	ICICI Securities Limited Axis Capital 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 Inox CVA IPO is up to ₹1,459.32 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Inox CVA IPO is ₹660.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.

	Inox CVA IPO	RBZ Jewellers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹627.00 per share	₹95.00 per share
Issue Price (Upper)	₹660.00 per share	₹100.00 per share
Issue Price (Final)	₹660.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	150 shares
Fresh Issue Size		1,00,00,000 shares
Fresh Issue Size (Amount)		up to ₹100.00 Cr
OFS Issue Size	2,21,10,955 shares
OFS Issue Size (Amount)	up to ₹1,459.32 Cr
Issue Size Total	2,21,10,955 shares	1,00,00,000 shares
Issue Size Total (Amount)	up to ₹1,459.32 Cr	up to ₹100.00 Cr

IPO Timetable

Inox CVA IPO opens on Dec 14, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Inox CVA IPO and RBZ Jewellers IPO is Dec 18, 2023, and Dec 21, 2023, respectively.

	Inox CVA IPO	RBZ Jewellers IPO
Anchor Bid Date	Dec 13, 2023	Dec 18, 2023
Issue Open	Dec 14, 2023	Dec 19, 2023
Issue Close	Dec 18, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 19, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 20, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 20, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 21, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 18, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 18, 2024	Mar 21, 2024

Financials

Inox CVA IPO P/E ratio is 39.22, as compared to RBZ Jewellers IPO P/E ratio of 13.77.

Inox CVA IPO

RBZ Jewellers IPO

Financial

Inox India Limited Financial Information (Restated Consolidated)

Inox India Limited's revenue increased by 22.46% and profit after tax (PAT) rose by 17.02% 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	1,155.81	1,148.36	896.75	687.20
Revenue	580.00	984.20	803.71	608.99
Profit After Tax	103.34	152.71	130.50	96.11
Net Worth	554.24	549.48	502.28	371.51
Reserves and Surplus
Total Borrowing	31.03		43.38	60.37
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)

99.30%

100%

Promoter Shareholding (Post-Issue)

75.46%

75%

P/E Ratio

39.22

13.77

Market Cap

₹5990.39 Cr.

₹400.00 Cr.

ROE

27.79%%

27.49%%

ROCE

36.53%%

27.49%%

Debt/Equity

1.02

EPS

₹16.83

₹7.44

RoNW

27.79%%

20.08%%

Shares Offered

In the Inox CVA IPO retail investors (RII) are offered 77,38,835 shares while in RBZ Jewellers IPO retail investors are offered 77,38,835 shares. Qualified institutional buyers (QIB) are offered 44,22,191 shares in Inox CVA IPO and 14,00,000 shares in RBZ Jewellers IPO.

	Inox CVA IPO	RBZ Jewellers IPO
Anchor Investor Reserveration	66,33,285 shares	21,00,000 shares
Market Maker Reserveration
QIB	44,22,191 shares	14,00,000 shares
NII	33,16,644 shares	30,00,000 shares
RII	77,38,835 shares	35,00,000 shares
Employee	0 shares	0 shares
Others
Total	1,54,77,670 shares	79,00,000 shares

Bids Received (Subscription)

Inox CVA IPO subscribed 61.28x in total, whereas RBZ Jewellers IPO subscribed 16.86x.

	Inox CVA IPO	RBZ Jewellers IPO
QIB (times)	147.80x	13.43x
NII (times)	53.20x	9.27x
Big NII (times)	56.55x	6.79x
Small NII (times)	46.52x	14.21x
RII (times)	15.30x	24.74x
Employee (times)
Other (times)
Total (times)	61.28x	16.86x

Compare with others

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

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