Indegene IPO vs VI FPO

Comparision between Indegene IPO and VI FPO.

IPO Details

Indegene IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while VI FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indegene IPO	VI FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited Jefferies India Private Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 Indegene IPO is up to ₹1,841.76 Cr whereas the issue size of the VI FPO is up to ₹18,000.00 Cr. The final issue price of Indegene IPO is ₹452.00 per share and of VI FPO is ₹11.00 per share.

	Indegene IPO	VI FPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹430.00 per share	₹10.00 per share
Issue Price (Upper)	₹452.00 per share	₹11.00 per share
Issue Price (Final)	₹452.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)	₹30.00 per share
Market Lot Size	33 shares	1298 shares
Fresh Issue Size	1,68,14,159 shares	16,36,36,36,363 shares
Fresh Issue Size (Amount)	up to ₹760.00 Cr	up to ₹18,000.00 Cr
OFS Issue Size	2,39,32,732 shares
OFS Issue Size (Amount)	up to ₹1,081.76 Cr
Issue Size Total	4,07,46,891 shares	16,36,36,36,363 shares
Issue Size Total (Amount)	up to ₹1,841.76 Cr	up to ₹18,000.00 Cr

IPO Timetable

Indegene IPO opens on May 06, 2024, while VI FPO opens on Apr 18, 2024. The closing date of Indegene IPO and VI FPO is May 08, 2024, and Apr 22, 2024, respectively.

	Indegene IPO	VI FPO
Anchor Bid Date	May 03, 2024	Apr 16, 2024
Issue Open	May 06, 2024	Apr 18, 2024
Issue Close	May 08, 2024	Apr 22, 2024
Basis Of Allotment (Tentative)	May 09, 2024	Apr 23, 2024
Initiation of Refunds (Tentative)	May 10, 2024	Apr 24, 2024
Credit of Share (Tentative)	May 10, 2024	Apr 24, 2024
Listing date (Tentative)	May 13, 2024	Apr 25, 2024
Anchor Lockin End date 1	Jun 08, 2024	May 23, 2024
Anchor Lockin End date 2	Aug 07, 2024	Jul 22, 2024

Financials

Indegene IPO P/E ratio is 37.78, as compared to VI FPO P/E ratio of -1.88.

Indegene IPO

VI FPO

Financial

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,518.15	2,203.87	1,353.47	596.04
Revenue	1,969.75	2,364.10	1,690.50	996.92
Profit After Tax	241.90	266.10	162.82	149.41
Net Worth	1,327.00	1,063.72	763.90	324.51
Reserves and Surplus	1,282.65	1,019.43	763.55	324.19
Total Borrowing	399.33	394.34	18.24	24.76
Amount in ₹ Crore

Vodafone Idea Limited Financial Information (Restated Consolidated)

Vodafone Idea Limited's revenue increased by 9.95% and profit after tax (PAT) dropped by -3.74% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	190,801.80	207,242.70	194,029.10	203,480.60
Revenue	32,125.60	42,488.50	38,644.90	42,126.40
Profit After Tax	-23,563.80	-29,301.10	-28,245.40	-44,233.10
Net Worth	-97,931.90	-74,359.10	-61,964.80	-38,228.00
Reserves and Surplus	-146,611.60	-123,038.80	-94,083.60
Total Borrowing	203,425.70	201,586.00	190,917.70	180,310.30
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

30.71%

48.75%

Promoter Shareholding (Post-Issue)

36.87%

P/E Ratio

37.78

-1.88

Market Cap

₹10814.07 Cr.

₹73131.80 Cr.

ROE

ROCE

Debt/Equity

0.3

EPS

₹11.96

₹-5.85

RoNW

18.23%%

Shares Offered

In the Indegene IPO retail investors (RII) are offered 1,41,64,620 shares while in VI FPO retail investors are offered 1,41,64,620 shares. Qualified institutional buyers (QIB) are offered 80,94,069 shares in Indegene IPO and 3,27,27,27,273 shares in VI FPO.

	Indegene IPO	VI FPO
Anchor Investor Reserveration	1,21,41,102 shares	4,90,90,90,908 shares
Market Maker Reserveration
QIB	80,94,069 shares	3,27,27,27,273 shares
NII	60,70,552 shares	2,45,45,45,454 shares
RII	1,41,64,620 shares	5,72,72,72,727 shares
Employee	2,96,209 shares	0 shares
Others
Total	2,86,25,450 shares	11,45,45,45,454 shares

Bids Received (Subscription)

Indegene IPO subscribed 70.30x in total, whereas VI FPO subscribed 6.99x.

	Indegene IPO	VI FPO
QIB (times)	192.72x	19.31x
NII (times)	55.91x	4.54x
Big NII (times)	62.23x	6.04x
Small NII (times)	43.26x	1.55x
RII (times)	7.86x	1.01x
Employee (times)	6.62x
Other (times)
Total (times)	70.30x	6.99x

Compare with others

Indegene IPO	VI FPO
Kronox Lab Sciences IPO	Go Digit IPO
Awfis Space Solutions IPO	Aadhar Housing Finance IPO
Go Digit IPO	TBO Tek IPO
Aadhar Housing Finance IPO	Indegene IPO
TBO Tek IPO	JNK India IPO
JNK India IPO	Bharti Hexacom IPO
VI FPO	SRM Contractors IPO
Bharti Hexacom IPO	Popular Vehicles & Services IPO
SRM Contractors IPO	Gopal Namkeen IPO
Popular Vehicles & Services IPO	Krystal Integrated Services IPO

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