Innokaiz India IPO vs Spectrum Talent Management IPO

Comparision between Innokaiz India IPO and Spectrum Talent Management IPO.

IPO Details

Innokaiz India IPO is a SME Book Built Issue IPO proposed to list at BSE SME while Spectrum Talent Management IPO is a SME Book Built Issue proposed to list at NSE SME.

	Innokaiz India IPO	Spectrum Talent Management IPO
Logo
Issue Category	SME	SME
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE SME	NSE SME
Lead Managers	Gretex Corporate Services Limited	Sarthi Capital Advisors Private Limited
Registrar	Bigshare Services Pvt Ltd	Skyline Financial Services Private Ltd
Market Maker	Gretex Share Broking Private Limited	Rikhav Securities Limited
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Innokaiz India IPO is up to ₹21.17 Cr whereas the issue size of the Spectrum Talent Management IPO is up to ₹105.14 Cr. The final issue price of Innokaiz India IPO is ₹78.00 per share and of Spectrum Talent Management IPO is ₹173.00 per share.

	Innokaiz India IPO	Spectrum Talent Management IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹76.00 per share	₹169.00 per share
Issue Price (Upper)	₹78.00 per share	₹173.00 per share
Issue Price (Final)	₹78.00 per share	₹173.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	1600 shares	800 shares
Fresh Issue Size	27,13,600 shares	51,85,600 shares
Fresh Issue Size (Amount)	up to ₹21.17 Cr	up to ₹89.71 Cr
OFS Issue Size		8,92,000 shares
OFS Issue Size (Amount)		up to ₹15.43 Cr
Issue Size Total	27,13,600 shares	60,77,600 shares
Issue Size Total (Amount)	up to ₹21.17 Cr	up to ₹105.14 Cr

IPO Timetable

Innokaiz India IPO opens on Apr 28, 2023, while Spectrum Talent Management IPO opens on Jun 09, 2023. The closing date of Innokaiz India IPO and Spectrum Talent Management IPO is May 03, 2023, and Jun 14, 2023, respectively.

	Innokaiz India IPO	Spectrum Talent Management IPO
Anchor Bid Date	Apr 27, 2023
Issue Open	Apr 28, 2023	Jun 09, 2023
Issue Close	May 03, 2023	Jun 14, 2023
Basis Of Allotment (Tentative)	May 08, 2023	Jun 19, 2023
Initiation of Refunds (Tentative)	May 09, 2023	Jun 20, 2023
Credit of Share (Tentative)	May 10, 2023	Jun 21, 2023
Listing date (Tentative)	May 11, 2023	Jun 22, 2023
Anchor Lockin End date 1	Jun 07, 2023	Jul 19, 2023
Anchor Lockin End date 2	Aug 06, 2023	Sep 17, 2023

Financials

Innokaiz India IPO P/E ratio is , as compared to Spectrum Talent Management IPO P/E ratio of 15.

Innokaiz India IPO

Spectrum Talent Management IPO

Financial

Innokaiz India Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	2,568.38	13,872.44	361.55	541.93	540.93	110.60
31-Mar-21	3,871.07	18,506.21	509.15	1,051.09	1,050.09	103.52
31-Mar-22	4,972.47	28,609.09	791.63	1,842.72	1,841.72	132.17
31-Oct-22	4,763.15	14,883.52	610.28	2,453.00	1,702.00	93.62
Amount in ₹ Lakhs

Spectrum Talent Management Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	4,081.10	32,362.37	675.96	1,500.36	1,025.36	422.19
31-Mar-21	4,630.20	30,296.00	476.41	1,976.30	1,026.30	60.72
31-Mar-22	6,479.29	48,372.17	1,552.71	2,827.37	1,972.37	1,026.88
31-Dec-22	8,657.66	58,415.74	1,997.46	4,844.57	3,053.82	255.09
Amount in ₹ Lakhs

Promoter Shareholding (Pre-Issue)

98.00

100.00%

Promoter Shareholding (Post-Issue)

71.99

72.25%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

₹10.25

RoNW

42.99%%

Shares Offered

In the Innokaiz India IPO retail investors (RII) are offered 9,02,400 shares while in Spectrum Talent Management IPO retail investors are offered 9,02,400 shares. Qualified institutional buyers (QIB) are offered 5,15,200 shares in Innokaiz India IPO and 5,76,000 shares in Spectrum Talent Management IPO.

	Innokaiz India IPO	Spectrum Talent Management IPO
Anchor Investor Reserveration	7,72,800 shares
Market Maker Reserveration	1,36,000 shares	3,04,000 shares
QIB	5,15,200 shares	5,76,000 shares
NII	3,87,200 shares	25,98,400 shares
RII	9,02,400 shares	25,99,200 shares
Employee	0 shares	0 shares
Others
Total	18,04,800 shares	57,73,600 shares

Bids Received (Subscription)

Innokaiz India IPO subscribed 95.08x in total, whereas Spectrum Talent Management IPO subscribed 12.27x.

	Innokaiz India IPO	Spectrum Talent Management IPO
QIB (times)	23.93x	11.21x
NII (times)	303.92x	11.68x
Big NII (times)
Small NII (times)
RII (times)	46.10x	13.10x
Employee (times)
Other (times)
Total (times)	95.08x	12.27x

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