JSW Infrastructure IPO vs Valiant Laboratories IPO

Comparision between JSW Infrastructure IPO and Valiant Laboratories IPO.

IPO Details

JSW Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Valiant Laboratories IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JSW Infrastructure IPO	Valiant Laboratories 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 Credit Suisse Securities (India) Private Limited ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) SBI Capital Markets Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited	Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private 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 JSW Infrastructure IPO is up to ₹2,800.00 Cr whereas the issue size of the Valiant Laboratories IPO is up to ₹152.46 Cr. The final issue price of JSW Infrastructure IPO is ₹119.00 per share and of Valiant Laboratories IPO is ₹140.00 per share.

	JSW Infrastructure IPO	Valiant Laboratories IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹113.00 per share	₹133.00 per share
Issue Price (Upper)	₹119.00 per share	₹140.00 per share
Issue Price (Final)	₹119.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	126 shares	105 shares
Fresh Issue Size	23,52,94,118 shares	1,08,90,000 shares
Fresh Issue Size (Amount)	up to ₹2,800.00 Cr	up to ₹152.46 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	23,52,94,118 shares	1,08,90,000 shares
Issue Size Total (Amount)	up to ₹2,800.00 Cr	up to ₹152.46 Cr

IPO Timetable

JSW Infrastructure IPO opens on Sep 25, 2023, while Valiant Laboratories IPO opens on Sep 27, 2023. The closing date of JSW Infrastructure IPO and Valiant Laboratories IPO is Sep 27, 2023, and Oct 03, 2023, respectively.

	JSW Infrastructure IPO	Valiant Laboratories IPO
Anchor Bid Date	Sep 22, 2023	Sep 26, 2023
Issue Open	Sep 25, 2023	Sep 27, 2023
Issue Close	Sep 27, 2023	Oct 03, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Oct 05, 2023
Initiation of Refunds (Tentative)	Sep 28, 2023	Oct 06, 2023
Credit of Share (Tentative)	Sep 29, 2023	Oct 06, 2023
Listing date (Tentative)	Oct 03, 2023	Oct 06, 2023
Anchor Lockin End date 1	Oct 28, 2023	Nov 04, 2023
Anchor Lockin End date 2	Dec 27, 2023	Jan 03, 2024

Financials

JSW Infrastructure IPO P/E ratio is 29.67, as compared to Valiant Laboratories IPO P/E ratio of 15.71.

JSW Infrastructure IPO

Valiant Laboratories IPO

Financial

JSW Infrastructure IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	7,191.85	8,254.55	9,429.46	9,450.66
Revenue	1,237.37	1,678.26	2,378.74	3,372.85
Profit After Tax	196.53	284.62	330.44	749.51
Net Worth	2,488.23	2,831.18	3,212.13	3,934.64
Reserves and Surplus	2,486.53	2,829.84	3,208.98	3,645.75
Total Borrowing	3,102.57	3,945.82	4,408.69	4,243.70

Amount in ₹ Crore

Valiant Laboratories IPO Financial Information (Restated Standalone)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	106.31	181.81	212.76
Revenue	183.78	293.47	338.77
Profit After Tax	30.59	27.50	29.00
Net Worth	88.58	71.46	100.49
Reserves and Surplus
Total Borrowing	0.35	60.68	59.40

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.42%

100.00%

Promoter Shareholding (Post-Issue)

85.61%

74.94%

P/E Ratio

29.67

15.71

Market Cap

₹24990.00 Cr.

₹608.30 Cr.

ROE

18.33%%

33.73%%

ROCE

19.49%%

22.76%%

Debt/Equity

0.59

EPS

₹4.12

₹8.91

RoNW

18.80%%

28.86%%

Shares Offered

In the JSW Infrastructure IPO retail investors (RII) are offered 2,35,29,411 shares while in Valiant Laboratories IPO retail investors are offered 2,35,29,411 shares. Qualified institutional buyers (QIB) are offered 7,05,88,236 shares in JSW Infrastructure IPO and 21,78,030 shares in Valiant Laboratories IPO.

	JSW Infrastructure IPO	Valiant Laboratories IPO
Anchor Investor Reserveration	10,58,82,352 shares	32,66,970 shares
Market Maker Reserveration
QIB	7,05,88,236 shares	21,78,030 shares
NII	3,52,94,118 shares	16,33,500 shares
RII	2,35,29,411 shares	38,11,500 shares
Employee	0 shares	0 shares
Others
Total	12,94,11,765 shares	76,23,030 shares

Bids Received (Subscription)

JSW Infrastructure IPO subscribed 39.36x in total, whereas Valiant Laboratories IPO subscribed 29.76x.

	JSW Infrastructure IPO	Valiant Laboratories IPO
QIB (times)	60.12x	20.83x
NII (times)	16.83x	73.64x
Big NII (times)	17.94x	78.64x
Small NII (times)	14.62x	63.64x
RII (times)	10.87x	16.06x
Employee (times)
Other (times)
Total (times)	39.36x	29.76x

Compare with others

JSW Infrastructure IPO	Valiant Laboratories IPO
Saraswati Saree Depot IPO	Protean eGov Technologies IPO
Plaza Wires IPO	IRM Energy IPO
Updater Services IPO	Saraswati Saree Depot IPO
Valiant Laboratories IPO	Plaza Wires IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Updater Services IPO
Sai Silks (Kalamandir) IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Yatra Online IPO	JSW Infrastructure IPO
Zaggle Prepaid Ocean Services IPO	Sai Silks (Kalamandir) IPO
R R Kabel IPO	Yatra Online IPO
SAMHI Hotels IPO	Zaggle Prepaid Ocean Services IPO

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