Comparison between Fedbank Financial IPO and Gandhar Oil Refinery IPO.
Fedbank Financial IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Gandhar Oil Refinery IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Fedbank Financial IPO is up to ₹1,092.26 Cr whereas the issue size of the Gandhar Oil Refinery IPO is up to ₹500.69 Cr. The final issue price of Fedbank Financial IPO is ₹140.00 per share and of Gandhar Oil Refinery IPO is ₹169.00 per share.
| Fedbank Financial IPO | Gandhar Oil Refinery IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹2 per share |
| Issue Price (Lower) | ₹133.00 per share | ₹160.00 per share |
| Issue Price (Upper) | ₹140.00 per share | ₹169.00 per share |
| Issue Price (Final) | ₹140.00 per share | ₹169.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹10.00 per share | |
| Market Lot Size | 107 shares | 88 shares |
| Fresh Issue Size | 4,28,95,082 shares | 1,78,69,822 shares |
| Fresh Issue Size (Amount) | up to ₹600.35 Cr | up to ₹302.00 Cr |
| OFS Issue Size | 3,51,47,789 shares | 1,17,56,910 shares |
| OFS Issue Size (Amount) | up to ₹491.92 Cr | up to ₹198.69 Cr |
| Issue Size Total | 7,80,42,871 shares | 2,96,26,732 shares |
| Issue Size Total (Amount) | up to ₹1,092.26 Cr | up to ₹500.69 Cr |
Fedbank Financial IPO opens on Nov 22, 2023, while Gandhar Oil Refinery IPO opens on Nov 22, 2023. The closing date of Fedbank Financial IPO and Gandhar Oil Refinery IPO is Nov 24, 2023, and Nov 24, 2023, respectively.
| Fedbank Financial IPO | Gandhar Oil Refinery IPO | |
|---|---|---|
| Anchor Bid Date | Nov 21, 2023 | Nov 21, 2023 |
| Issue Open | Nov 22, 2023 | Nov 22, 2023 |
| Issue Close | Nov 24, 2023 | Nov 24, 2023 |
| Basis Of Allotment (Tentative) | Nov 28, 2023 | Nov 28, 2023 |
| Initiation of Refunds (Tentative) | Nov 28, 2023 | Nov 29, 2023 |
| Credit of Share (Tentative) | Nov 29, 2023 | Nov 29, 2023 |
| Listing date (Tentative) | Nov 30, 2023 | Nov 30, 2023 |
| Anchor Lockin End date 1 | Dec 28, 2023 | Dec 28, 2023 |
| Anchor Lockin End date 2 | Feb 26, 2024 | Feb 26, 2024 |
Fedbank Financial IPO P/E ratio is 25.04, as compared to Gandhar Oil Refinery IPO P/E ratio of .
| Fedbank Financial IPO | Gandhar Oil Refinery IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Proforma Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 72.28 | 87.50 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.40 | 64.63 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 25.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹5165.06 Cr. | ₹1654.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.36% | 32.28% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 41.19% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.60 | ₹23.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.29% | 32.28% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Fedbank Financial IPO Retail Individual Investors (RII) are offered 2,70,56,603 shares while in Gandhar Oil Refinery IPO retail investors are offered 2,70,56,603 shares. Qualified Institutional Buyers (QIB) are offered 1,54,60,916 shares in Fedbank Financial IPO and 59,25,347 shares in Gandhar Oil Refinery IPO.
| Fedbank Financial IPO | Gandhar Oil Refinery IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,31,91,374 shares | 88,88,018 shares |
| Market Maker Reservation | ||
| QIB | 1,54,60,916 shares | 59,25,347 shares |
| NII | 1,15,95,687 shares | 44,44,010 shares |
| RII | 2,70,56,603 shares | 1,03,69,357 shares |
| Employee | 7,69,230 shares | |
| Others | ||
| Total | 7,80,73,810 shares | 2,96,26,732 shares |
Fedbank Financial IPO subscribed 2.24x in total, whereas Gandhar Oil Refinery IPO subscribed 65.63x.
| Fedbank Financial IPO | Gandhar Oil Refinery IPO | |
|---|---|---|
| QIB (times) | 3.48x | 129.06x |
| NII (times) | 1.49x | 64.34x |
| Big NII (times) | 1.27x | 61.93x |
| Small NII (times) | 1.95x | 69.17x |
| RII (times) | 1.88x | 29.93x |
| Employee (times) | 1.34x | |
| Other (times) | ||
| Total (times) | 2.24x | 65.63x |
