TBO Tek IPO vs VI FPO

Comparision between TBO Tek IPO and VI FPO.

IPO Details

TBO Tek 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.

	TBO Tek 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	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited	Axis Capital Limited Jefferies India Private Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 TBO Tek IPO is up to ₹1,550.81 Cr whereas the issue size of the VI FPO is up to ₹18,000.00 Cr. The final issue price of TBO Tek IPO is ₹920.00 per share and of VI FPO is ₹11.00 per share.

	TBO Tek IPO	VI FPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹875.00 per share	₹10.00 per share
Issue Price (Upper)	₹920.00 per share	₹11.00 per share
Issue Price (Final)	₹920.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	16 shares	1298 shares
Fresh Issue Size	43,47,826 shares	16,36,36,36,363 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹18,000.00 Cr
OFS Issue Size	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹1,150.81 Cr
Issue Size Total	1,68,56,623 shares	16,36,36,36,363 shares
Issue Size Total (Amount)	up to ₹1,550.81 Cr	up to ₹18,000.00 Cr

IPO Timetable

TBO Tek IPO opens on May 08, 2024, while VI FPO opens on Apr 18, 2024. The closing date of TBO Tek IPO and VI FPO is May 10, 2024, and Apr 22, 2024, respectively.

	TBO Tek IPO	VI FPO
Anchor Bid Date	May 07, 2024	Apr 16, 2024
Issue Open	May 08, 2024	Apr 18, 2024
Issue Close	May 10, 2024	Apr 22, 2024
Basis Of Allotment (Tentative)	May 13, 2024	Apr 23, 2024
Initiation of Refunds (Tentative)	May 14, 2024	Apr 24, 2024
Credit of Share (Tentative)	May 14, 2024	Apr 24, 2024
Listing date (Tentative)	May 15, 2024	Apr 25, 2024
Anchor Lockin End date 1	Jun 12, 2024	May 23, 2024
Anchor Lockin End date 2	Aug 11, 2024	Jul 22, 2024

Financials

TBO Tek IPO P/E ratio is 64.58, as compared to VI FPO P/E ratio of -1.88.

TBO Tek IPO

VI FPO

Financial

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% 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	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
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)

51.26%

48.75%

Promoter Shareholding (Post-Issue)

36.87%

P/E Ratio

64.58

-1.88

Market Cap

₹9990.08 Cr.

₹73131.80 Cr.

ROE

ROCE

Debt/Equity

EPS

₹14.25

₹-5.85

RoNW

30.76%

Shares Offered

In the TBO Tek IPO retail investors (RII) are offered 16,82,401 shares while in VI FPO retail investors are offered 16,82,401 shares. Qualified institutional buyers (QIB) are offered 50,47,204 shares in TBO Tek IPO and 3,27,27,27,273 shares in VI FPO.

	TBO Tek IPO	VI FPO
Anchor Investor Reserveration	75,70,807 shares	4,90,90,90,908 shares
Market Maker Reserveration
QIB	50,47,204 shares	3,27,27,27,273 shares
NII	25,23,602 shares	2,45,45,45,454 shares
RII	16,82,401 shares	5,72,72,72,727 shares
Employee	32,609 shares	0 shares
Others
Total	92,85,816 shares	11,45,45,45,454 shares

Bids Received (Subscription)

TBO Tek IPO subscribed 86.69x in total, whereas VI FPO subscribed 6.99x.

	TBO Tek IPO	VI FPO
QIB (times)	125.51x	19.31x
NII (times)	50.60x	4.54x
Big NII (times)	55.82x	6.04x
Small NII (times)	40.15x	1.55x
RII (times)	25.72x	1.01x
Employee (times)	17.81x
Other (times)
Total (times)	86.69x	6.99x

Compare with others

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

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