Mobikwik IPO vs Suraksha Diagnostic IPO

Comparision between Mobikwik IPO and Suraksha Diagnostic IPO.

IPO Details

Mobikwik IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraksha Diagnostic IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Mobikwik IPO	Suraksha Diagnostic 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	SBI Capital Markets Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)	ICICI Securities Limited Nuvama Wealth Management Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Mobikwik IPO is up to ₹572.00 Cr whereas the issue size of the Suraksha Diagnostic IPO is up to ₹846.25 Cr. The final issue price of Mobikwik IPO is ₹279.00 per share and of Suraksha Diagnostic IPO is ₹441.00 per share.

	Mobikwik IPO	Suraksha Diagnostic IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹265.00 per share	₹420.00 per share
Issue Price (Upper)	₹279.00 per share	₹441.00 per share
Issue Price (Final)	₹279.00 per share	₹441.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	34 shares
Fresh Issue Size	2,05,01,792 shares
Fresh Issue Size (Amount)	up to ₹572.00 Cr
OFS Issue Size		1,91,89,330 shares
OFS Issue Size (Amount)		up to ₹846.25 Cr
Issue Size Total	2,05,01,792 shares	1,91,89,330 shares
Issue Size Total (Amount)	up to ₹572.00 Cr	up to ₹846.25 Cr

IPO Timetable

Mobikwik IPO opens on Dec 11, 2024, while Suraksha Diagnostic IPO opens on Nov 29, 2024. The closing date of Mobikwik IPO and Suraksha Diagnostic IPO is Dec 13, 2024, and Dec 03, 2024, respectively.

	Mobikwik IPO	Suraksha Diagnostic IPO
Anchor Bid Date	Dec 10, 2024	Nov 28, 2024
Issue Open	Dec 11, 2024	Nov 29, 2024
Issue Close	Dec 13, 2024	Dec 03, 2024
Basis Of Allotment (Tentative)	Dec 16, 2024	Dec 04, 2024
Initiation of Refunds (Tentative)	Dec 17, 2024	Dec 05, 2024
Credit of Share (Tentative)	Dec 17, 2024	Dec 05, 2024
Listing date (Tentative)	Dec 18, 2024	Dec 06, 2024
Anchor Lockin End date 1	Jan 15, 2025	Jan 03, 2025
Anchor Lockin End date 2	Mar 16, 2025	Mar 04, 2025

Financials

Mobikwik IPO P/E ratio is 113.32, as compared to Suraksha Diagnostic IPO P/E ratio of 99.31.

Mobikwik IPO

Suraksha Diagnostic IPO

Financial

One Mobikwik Systems Limited Financial Information (Restated Consolidated)

One Mobikwik Systems Limited's revenue increased by 59% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	908.1	854.65	714.33	836.13
Revenue	345.83	890.32	561.12	543.22
Profit After Tax	-6.62	14.08	-83.81	-128.16
Net Worth	158.65	162.59	142.69	216.54
Reserves and Surplus	147.21	151.15	131.26	205.1
Total Borrowing	206.34	211.7	192.27	150.91
Amount in ₹ Crore

Suraksha Diagnostic Limited Financial Information (Restated Consolidated)

Suraksha Diagnostic Limited's revenue increased by 14.75% and profit after tax (PAT) rose by 281.32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	314.20	300.21	281.20	275.96
Revenue	61.85	222.26	193.69	225.77
Profit After Tax	7.67	23.13	6.07	20.82
Net Worth	187.05	179.41	155.93	145.84
Reserves and Surplus	176.80	170.88	147.40	137.31
Total Borrowing	7.57	8.64	14.01	19.03
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

32.96%

61.07%

Promoter Shareholding (Post-Issue)

25.18%

48.78%

P/E Ratio

113.32

99.31

Market Cap

₹2295.45 Cr.

₹2296.76 Cr.

ROE

14.09%%

ROCE

21.46%%

Debt/Equity

0.73

0.2

EPS

₹2.46

₹4.44

RoNW

8.66%%

14.09%%

Shares Offered

In the Mobikwik IPO retail investors (RII) are offered 20,50,179 shares while in Suraksha Diagnostic IPO retail investors are offered 20,50,179 shares. Qualified institutional buyers (QIB) are offered 61,50,538 shares in Mobikwik IPO and 38,37,867 shares in Suraksha Diagnostic IPO.

	Mobikwik IPO	Suraksha Diagnostic IPO
Anchor Investor Reserveration	92,25,807 shares	57,56,797 shares
Market Maker Reserveration
QIB	61,50,538 shares	38,37,867 shares
NII	30,75,269 shares	28,78,400 shares
RII	20,50,179 shares	67,16,266 shares
Employee	0 shares	0 shares
Others
Total	1,12,75,986 shares	1,34,32,533 shares

Bids Received (Subscription)

Mobikwik IPO subscribed 21.45x in total, whereas Suraksha Diagnostic IPO subscribed 1.27x.

	Mobikwik IPO	Suraksha Diagnostic IPO
QIB (times)	0.88x	1.74x
NII (times)	31.58x	1.40x
Big NII (times)	25.84x	1.53x
Small NII (times)	43.08x	1.16x
RII (times)	67.93x	0.94x
Employee (times)
Other (times)
Total (times)	21.45x	1.27x

Compare with others

Mobikwik IPO	Suraksha Diagnostic IPO
DAM Capital Advisors IPO	International Gemmological Institute IPO
Indo Farm Equipment IPO	Mobikwik IPO
Transrail Lighting IPO	Inventurus Knowledge Solutions IPO
International Gemmological Institute IPO	Sai Life Sciences IPO
Inventurus Knowledge Solutions IPO	Vishal Mega Mart IPO
Sai Life Sciences IPO	Property Share REIT IPO
Vishal Mega Mart IPO	Enviro Infra Engineers IPO
Suraksha Diagnostic IPO	BlackBuck IPO
Property Share REIT IPO	Avanse Financial Services IPO
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