Comparison between Fedbank Financial IPO and IREDA IPO.
Fedbank Financial IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while IREDA 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 IREDA IPO is up to ₹2,150.21 Cr. The final issue price of Fedbank Financial IPO is ₹140.00 per share and of IREDA IPO is ₹32.00 per share.
| Fedbank Financial IPO | IREDA IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹133.00 per share | ₹30.00 per share |
| Issue Price (Upper) | ₹140.00 per share | ₹32.00 per share |
| Issue Price (Final) | ₹140.00 per share | ₹32.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹10.00 per share | ₹0.00 per share |
| Market Lot Size | 107 shares | 460 shares |
| Fresh Issue Size | 4,28,95,082 shares | 40,31,64,706 shares |
| Fresh Issue Size (Amount) | up to ₹600.35 Cr | up to ₹1,290.13 Cr |
| OFS Issue Size | 3,51,47,789 shares | 26,87,76,471 shares |
| OFS Issue Size (Amount) | up to ₹491.92 Cr | up to ₹860.08 Cr |
| Issue Size Total | 7,80,42,871 shares | 67,19,41,177 shares |
| Issue Size Total (Amount) | up to ₹1,092.26 Cr | up to ₹2,150.21 Cr |
Fedbank Financial IPO opens on Nov 22, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of Fedbank Financial IPO and IREDA IPO is Nov 24, 2023, and Nov 23, 2023, respectively.
| Fedbank Financial IPO | IREDA IPO | |
|---|---|---|
| Anchor Bid Date | Nov 21, 2023 | Nov 20, 2023 |
| Issue Open | Nov 22, 2023 | Nov 21, 2023 |
| Issue Close | Nov 24, 2023 | Nov 23, 2023 |
| Basis Of Allotment (Tentative) | Nov 28, 2023 | Nov 24, 2023 |
| Initiation of Refunds (Tentative) | Nov 28, 2023 | Nov 25, 2023 |
| Credit of Share (Tentative) | Nov 29, 2023 | Nov 28, 2023 |
| Listing date (Tentative) | Nov 30, 2023 | Nov 29, 2023 |
| Anchor Lockin End date 1 | Dec 28, 2023 | Dec 24, 2023 |
| Anchor Lockin End date 2 | Feb 26, 2024 | Feb 22, 2024 |
Fedbank Financial IPO P/E ratio is 25.04, as compared to IREDA IPO P/E ratio of 8.47.
| Fedbank Financial IPO | IREDA IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 72.28 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.40 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 25.04 | 8.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹5165.06 Cr. | ₹8600.85 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.36% | 15.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 6.77 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹5.60 | ₹3.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 13.29% | 15.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Fedbank Financial IPO Retail Individual Investors (RII) are offered 2,70,56,603 shares while in IREDA 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 13,40,13,152 shares in IREDA IPO.
| Fedbank Financial IPO | IREDA IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,31,91,374 shares | 20,10,19,726 shares |
| Market Maker Reservation | ||
| QIB | 1,54,60,916 shares | 13,40,13,152 shares |
| NII | 1,15,95,687 shares | 10,05,09,864 shares |
| RII | 2,70,56,603 shares | 23,45,23,015 shares |
| Employee | 7,69,230 shares | 18,75,420 shares |
| Others | ||
| Total | 7,80,73,810 shares | 67,19,41,177 shares |
Fedbank Financial IPO subscribed 2.24x in total, whereas IREDA IPO subscribed 38.80x.
| Fedbank Financial IPO | IREDA IPO | |
|---|---|---|
| QIB (times) | 3.48x | 104.57x |
| NII (times) | 1.49x | 24.16x |
| Big NII (times) | 1.27x | 26.99x |
| Small NII (times) | 1.95x | 18.50x |
| RII (times) | 1.88x | 7.73x |
| Employee (times) | 1.34x | 9.80x |
| Other (times) | ||
| Total (times) | 2.24x | 38.80x |
