IKIO Lighting IPO vs Utkarsh Small Finance Bank IPO

Comparision between IKIO Lighting IPO and Utkarsh Small Finance Bank IPO.

IPO Details

IKIO Lighting IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Utkarsh Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IKIO Lighting IPO	Utkarsh Small Finance Bank 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	Motilal Oswal Investment Advisors Limited	ICICI Securities Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 IKIO Lighting IPO is up to ₹606.50 Cr whereas the issue size of the Utkarsh Small Finance Bank IPO is up to ₹500.00 Cr. The final issue price of IKIO Lighting IPO is ₹285.00 per share and of Utkarsh Small Finance Bank IPO is ₹25.00 per share.

	IKIO Lighting IPO	Utkarsh Small Finance Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹270.00 per share	₹23.00 per share
Issue Price (Upper)	₹285.00 per share	₹25.00 per share
Issue Price (Final)	₹285.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	52 shares	600 shares
Fresh Issue Size	1,22,80,701 shares	20,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹350.00 Cr	up to ₹500.00 Cr
OFS Issue Size	90,00,000 shares
OFS Issue Size (Amount)	up to ₹256.50 Cr
Issue Size Total	2,12,80,701 shares	20,00,00,000 shares
Issue Size Total (Amount)	up to ₹606.50 Cr	up to ₹500.00 Cr

IPO Timetable

IKIO Lighting IPO opens on Jun 06, 2023, while Utkarsh Small Finance Bank IPO opens on Jul 12, 2023. The closing date of IKIO Lighting IPO and Utkarsh Small Finance Bank IPO is Jun 08, 2023, and Jul 14, 2023, respectively.

	IKIO Lighting IPO	Utkarsh Small Finance Bank IPO
Anchor Bid Date	Jun 05, 2023	Jul 11, 2023
Issue Open	Jun 06, 2023	Jul 12, 2023
Issue Close	Jun 08, 2023	Jul 14, 2023
Basis Of Allotment (Tentative)	Jun 13, 2023	Jul 19, 2023
Initiation of Refunds (Tentative)	Jun 14, 2023	Jul 20, 2023
Credit of Share (Tentative)	Jun 15, 2023	Jul 21, 2023
Listing date (Tentative)	Jun 16, 2023	Jul 21, 2023
Anchor Lockin End date 1	Jul 13, 2023	Aug 18, 2023
Anchor Lockin End date 2	Sep 11, 2023	Oct 17, 2023

Financials

IKIO Lighting IPO P/E ratio is 32.13, as compared to Utkarsh Small Finance Bank IPO P/E ratio of 6.78.

IKIO Lighting IPO

Utkarsh Small Finance Bank IPO

Financial

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	144.83	221.83	21.41	35.90	46.86
31-Mar-21	174.45	214.57	28.81	62.86	69.36
31-Mar-22	264.87	334.00	50.52	108.87	106.56
31-Dec-22	335.50	332.79	51.35	140.83	136.33
Amount in ₹ Crore

Utkarsh Small Finance Bank IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,404.32	12,137.91	15,063.77	19,117.54
Revenue	1,406.18	1,705.84	2,033.65	2,804.29
Profit After Tax	186.74	111.82	61.46	404.50
Net Worth	1,019.50	1,368.35	1,572.30	2,000.32
Reserves and Surplus	260.23	520.02	676.78	1,104.42
Total Borrowing	2,675.04	2,607.83	2,571.94	2,349.48

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

84.75%

Promoter Shareholding (Post-Issue)

72.46%

69.28%

P/E Ratio

32.13

6.78

Market Cap

₹2202.50 Cr.

₹2739.76 Cr.

ROE

36.00%%

22.64%%

ROCE

26.00%%

Debt/Equity

1.03

8.03

EPS

₹7.90

₹4.52

RoNW

36.46%%

20.22%%

Shares Offered

In the IKIO Lighting IPO retail investors (RII) are offered 74,48,246 shares while in Utkarsh Small Finance Bank IPO retail investors are offered 74,48,246 shares. Qualified institutional buyers (QIB) are offered 42,56,140 shares in IKIO Lighting IPO and 5,94,00,000 shares in Utkarsh Small Finance Bank IPO.

	IKIO Lighting IPO	Utkarsh Small Finance Bank IPO
Anchor Investor Reserveration	63,84,209 shares	8,91,00,000 shares
Market Maker Reserveration
QIB	42,56,140 shares	5,94,00,000 shares
NII	31,92,107 shares	2,97,00,000 shares
RII	74,48,246 shares	1,98,00,000 shares
Employee	0 shares	20,00,000 shares
Others
Total	1,48,96,493 shares	11,09,00,000 shares

Bids Received (Subscription)

IKIO Lighting IPO subscribed 67.75x in total, whereas Utkarsh Small Finance Bank IPO subscribed 110.77x.

	IKIO Lighting IPO	Utkarsh Small Finance Bank IPO
QIB (times)	163.06x	135.71x
NII (times)	65.38x	88.74x
Big NII (times)	69.01x	91.83x
Small NII (times)	58.13x	82.57x
RII (times)	14.31x	78.38x
Employee (times)		18.02x
Other (times)
Total (times)	67.75x	110.77x

Compare with others

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Udayshivakumar Infra IPO	IKIO Lighting IPO

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