Comparison between Azad Engineering IPO and Jyoti CNC Automation IPO.
Azad Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Jyoti CNC Automation IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Jyoti CNC Automation IPO is up to ₹1,000.00 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Jyoti CNC Automation IPO is ₹331.00 per share.
| Azad Engineering IPO | Jyoti CNC Automation IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹2 per share |
| Issue Price (Lower) | ₹499.00 per share | ₹315.00 per share |
| Issue Price (Upper) | ₹524.00 per share | ₹331.00 per share |
| Issue Price (Final) | ₹524.00 per share | ₹331.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | ₹15.00 per share |
| Market Lot Size | 28 shares | 45 shares |
| Fresh Issue Size | 45,80,151 shares | 3,02,18,649 shares |
| Fresh Issue Size (Amount) | up to ₹240.00 Cr | up to ₹1,000.00 Cr |
| OFS Issue Size | 95,41,957 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹500.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,41,22,108 shares | 3,02,18,649 shares |
| Issue Size Total (Amount) | up to ₹740.00 Cr | up to ₹1,000.00 Cr |
Azad Engineering IPO opens on Dec 20, 2023, while Jyoti CNC Automation IPO opens on Jan 09, 2024. The closing date of Azad Engineering IPO and Jyoti CNC Automation IPO is Dec 22, 2023, and Jan 11, 2024, respectively.
| Azad Engineering IPO | Jyoti CNC Automation IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2023 | Jan 08, 2024 |
| Issue Open | Dec 20, 2023 | Jan 09, 2024 |
| Issue Close | Dec 22, 2023 | Jan 11, 2024 |
| Basis Of Allotment (Tentative) | Dec 26, 2023 | Jan 12, 2024 |
| Initiation of Refunds (Tentative) | Dec 27, 2023 | Jan 15, 2024 |
| Credit of Share (Tentative) | Dec 27, 2023 | Jan 15, 2024 |
| Listing date (Tentative) | Dec 28, 2023 | Jan 16, 2024 |
| Anchor Lockin End date 1 | Jan 25, 2024 | Feb 11, 2024 |
| Anchor Lockin End date 2 | Mar 25, 2024 | Apr 11, 2024 |
Azad Engineering IPO P/E ratio is 292.74, as compared to Jyoti CNC Automation IPO P/E ratio of 433.43.
| Azad Engineering IPO | Jyoti CNC Automation IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.61 | 72.66 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.9 | 62.6 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 292.74 | 433.43 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3097.52 Cr. | ₹7527.47 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 4.2% | 18.35% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.99% | 9.50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.47 | 10.17 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.79 | ₹0.76 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 4.23% | 18.35% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Azad Engineering IPO Retail Individual Investors (RII) are offered 49,16,021 shares while in Jyoti CNC Automation IPO retail investors are offered 49,16,021 shares. Qualified Institutional Buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 90,18,127 shares in Jyoti CNC Automation IPO.
| Azad Engineering IPO | Jyoti CNC Automation IPO | |
|---|---|---|
| Anchor Investor Reservation | 42,13,731 shares | 1,35,27,190 shares |
| Market Maker Reservation | ||
| QIB | 28,09,155 shares | 90,18,127 shares |
| NII | 21,06,866 shares | 45,09,063 shares |
| RII | 49,16,021 shares | 30,06,042 shares |
| Employee | 76,335 shares | 1,58,227 shares |
| Others | ||
| Total | 1,41,22,108 shares | 3,02,18,649 shares |
Azad Engineering IPO subscribed 83.04x in total, whereas Jyoti CNC Automation IPO subscribed 40.49x.
| Azad Engineering IPO | Jyoti CNC Automation IPO | |
|---|---|---|
| QIB (times) | 179.64x | 46.37x |
| NII (times) | 90.24x | 38.33x |
| Big NII (times) | 93.30x | 42.77x |
| Small NII (times) | 84.12x | 29.47x |
| RII (times) | 24.51x | 27.50x |
| Employee (times) | 13.14x | |
| Other (times) | ||
| Total (times) | 83.04x | 40.49x |
