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Elin Electronics IPO vs Radiant Cash Management IPO

Comparison between Elin Electronics IPO and Radiant Cash Management IPO.

IPO Details

Elin Electronics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Elin Electronics IPORadiant Cash Management IPO
LogoElin Electronics IPO LogoRadiant Cash Management IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersJM Financial Ltd.

Axis Capital Ltd.		YES Securities (India) Ltd.

Motilal Oswal Investment Advisors Ltd.

IIFL Capital Services Ltd.
RegistrarKfin Technologies Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor Anchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Elin Electronics IPO is up to ₹475.00 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.

 Elin Electronics IPORadiant Cash Management IPO
Face Value₹5 per share₹1 per share
Issue Price (Lower)₹234.00 per share₹94.00 per share
Issue Price (Upper)₹247.00 per share₹99.00 per share
Issue Price (Final)₹247.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size60 shares150 shares
Fresh Issue Size70,85,020 shares54,54,546 shares
Fresh Issue Size (Amount)up to ₹175.00 Crup to ₹52.47 Cr
OFS Issue Size1,21,45,726 shares2,12,22,431 shares
OFS Issue Size (Amount)up to ₹300.00 Crup to ₹204.17 Cr
Issue Size Total1,92,30,746 shares2,66,76,977 shares
Issue Size Total (Amount)up to ₹475.00 Crup to ₹256.64 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Elin Electronics IPO and Radiant Cash Management IPO is Dec 22, 2022, and Dec 27, 2022, respectively.

 Elin Electronics IPORadiant Cash Management IPO
Anchor Bid DateDec 19, 2022Dec 22, 2022
Issue OpenDec 20, 2022Dec 23, 2022
Issue CloseDec 22, 2022Dec 27, 2022
Basis Of Allotment (Tentative)Dec 27, 2022Dec 30, 2022
Initiation of Refunds (Tentative)Dec 28, 2022Jan 02, 2023
Credit of Share (Tentative)Dec 29, 2022Jan 03, 2023
Listing date (Tentative)Dec 30, 2022Jan 04, 2023
Anchor Lockin End date 1Jan 26, 2023Jan 29, 2023
Anchor Lockin End date 2Mar 27, 2023Mar 30, 2023

Financials & KPIs

Elin Electronics IPO P/E ratio is 29.69, as compared to Radiant Cash Management IPO P/E ratio of 17.34.

 Elin Electronics IPORadiant Cash Management IPO
Financials

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets589.24532.61508.31387.63397.73
Total Income604.741,094.67864.90786.37829.74
Profit After Tax20.6739.1534.8627.4929.07
NET Worth0.000.000.000.00
Reserves and Surplus0.000.000.000.00
Total Borrowing102.77102.33113.7769.8986.64
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets203.95190.57162.14157.62141.44
Total Income84.38286.97224.16251.78223.13
Profit After Tax15.3238.2132.4336.5025.02
NET Worth155.19139.76127.10119.57105.72
Reserves and Surplus0.000.000.000.000.00
Total Borrowing25.5426.7511.0521.1317.73
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)53.9866.39
Promoter Shareholding (Post-Issue)32.9353.21
P/E Ratio29.6917.34
Market Cap₹1226.58 Cr.₹1062.41 Cr.
ROE13.8527.34
ROCE15.8233.07
Debt/Equity0.320.21
EPS₹9.59₹3.77
RoNW12.9227.34

Shares Offered

In the Elin Electronics IPO Retail Individual Investors (RII) are offered 67,30,762 shares while in Radiant Cash Management IPO retail investors are offered 67,30,762 shares. Qualified Institutional Buyers (QIB) are offered 38,46,149 shares in Elin Electronics IPO and 15,82,807 shares in Radiant Cash Management IPO.

 Elin Electronics IPORadiant Cash Management IPO
Anchor Investor Reservation57,69,223 shares1,17,55,681 shares
Market Maker Reservation
QIB38,46,149 shares15,82,807 shares
NII28,84,612 shares40,01,547 shares
RII67,30,762 shares93,36,942 shares
Employee
Others
Total1,92,30,746 shares2,66,76,977 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

 Elin Electronics IPORadiant Cash Management IPO
QIB (times)4.51x1.01x
NII (times)3.29x0.66x
Big NII (times)2.99x0.94x
Small NII (times)3.89x0.09x
RII (times)2.20x0.21x
Employee (times)
Other (times)
Total (times)3.09x0.53x

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Compare:

Elin Electronics IPO Vs Radiant Cash Management IPO