Comparison between Azad Engineering IPO and Credo Brands Marketing IPO.
Azad Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Credo Brands Marketing 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 Credo Brands Marketing IPO is up to ₹549.78 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Credo Brands Marketing IPO is ₹280.00 per share.
| Azad Engineering IPO | Credo Brands Marketing IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹2 per share |
| Issue Price (Lower) | ₹499.00 per share | ₹266.00 per share |
| Issue Price (Upper) | ₹524.00 per share | ₹280.00 per share |
| Issue Price (Final) | ₹524.00 per share | ₹280.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 28 shares | 53 shares |
| Fresh Issue Size | 45,80,151 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹240.00 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 95,41,957 shares | 1,96,34,960 shares |
| OFS Issue Size (Amount) | up to ₹500.00 Cr | up to ₹549.78 Cr |
| Issue Size Total | 1,41,22,108 shares | 1,96,34,960 shares |
| Issue Size Total (Amount) | up to ₹740.00 Cr | up to ₹549.78 Cr |
Azad Engineering IPO opens on Dec 20, 2023, while Credo Brands Marketing IPO opens on Dec 19, 2023. The closing date of Azad Engineering IPO and Credo Brands Marketing IPO is Dec 22, 2023, and Dec 21, 2023, respectively.
| Azad Engineering IPO | Credo Brands Marketing IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2023 | Dec 18, 2023 |
| Issue Open | Dec 20, 2023 | Dec 19, 2023 |
| Issue Close | Dec 22, 2023 | Dec 21, 2023 |
| Basis Of Allotment (Tentative) | Dec 26, 2023 | Dec 22, 2023 |
| Initiation of Refunds (Tentative) | Dec 27, 2023 | Dec 26, 2023 |
| Credit of Share (Tentative) | Dec 27, 2023 | Dec 26, 2023 |
| Listing date (Tentative) | Dec 28, 2023 | Dec 27, 2023 |
| Anchor Lockin End date 1 | Jan 25, 2024 | Jan 21, 2024 |
| Anchor Lockin End date 2 | Mar 25, 2024 | Mar 21, 2024 |
Azad Engineering IPO P/E ratio is 292.74, as compared to Credo Brands Marketing IPO P/E ratio of 23.22.
| Azad Engineering IPO | Credo Brands Marketing IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.61 | 66.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.9 | 53.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 292.74 | 23.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3097.52 Cr. | ₹1800.45 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 4.2% | 29.98% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.99% | 28.16% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.47 | 0.65 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.79 | ₹0.54 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 4.23% | 29.98% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Azad Engineering IPO Retail Individual Investors (RII) are offered 49,16,021 shares while in Credo Brands Marketing IPO retail investors are offered 49,16,021 shares. Qualified Institutional Buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 39,26,992 shares in Credo Brands Marketing IPO.
| Azad Engineering IPO | Credo Brands Marketing IPO | |
|---|---|---|
| Anchor Investor Reservation | 42,13,731 shares | 58,90,488 shares |
| Market Maker Reservation | ||
| QIB | 28,09,155 shares | 39,26,992 shares |
| NII | 21,06,866 shares | 29,45,244 shares |
| RII | 49,16,021 shares | 68,72,236 shares |
| Employee | 76,335 shares | |
| Others | ||
| Total | 1,41,22,108 shares | 1,96,34,960 shares |
Azad Engineering IPO subscribed 83.04x in total, whereas Credo Brands Marketing IPO subscribed 51.85x.
| Azad Engineering IPO | Credo Brands Marketing IPO | |
|---|---|---|
| QIB (times) | 179.64x | 104.95x |
| NII (times) | 90.24x | 55.52x |
| Big NII (times) | 93.30x | 55.73x |
| Small NII (times) | 84.12x | 55.10x |
| RII (times) | 24.51x | 19.94x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 83.04x | 51.85x |
