Comparison between Flair Writing Industries IPO and Happy Forgings IPO.
Flair Writing Industries IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Happy Forgings IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Flair Writing Industries IPO is up to ₹593.00 Cr whereas the issue size of the Happy Forgings IPO is up to ₹1,008.59 Cr. The final issue price of Flair Writing Industries IPO is ₹304.00 per share and of Happy Forgings IPO is ₹850.00 per share.
| Flair Writing Industries IPO | Happy Forgings IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹2 per share |
| Issue Price (Lower) | ₹288.00 per share | ₹808.00 per share |
| Issue Price (Upper) | ₹304.00 per share | ₹850.00 per share |
| Issue Price (Final) | ₹304.00 per share | ₹850.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 49 shares | 17 shares |
| Fresh Issue Size | 96,05,263 shares | 47,05,882 shares |
| Fresh Issue Size (Amount) | up to ₹292.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 99,01,315 shares | 71,59,920 shares |
| OFS Issue Size (Amount) | up to ₹301.00 Cr | up to ₹608.59 Cr |
| Issue Size Total | 1,95,06,578 shares | 1,18,65,802 shares |
| Issue Size Total (Amount) | up to ₹593.00 Cr | up to ₹1,008.59 Cr |
Flair Writing Industries IPO opens on Nov 22, 2023, while Happy Forgings IPO opens on Dec 19, 2023. The closing date of Flair Writing Industries IPO and Happy Forgings IPO is Nov 24, 2023, and Dec 21, 2023, respectively.
| Flair Writing Industries IPO | Happy Forgings IPO | |
|---|---|---|
| Anchor Bid Date | Nov 21, 2023 | Dec 18, 2023 |
| Issue Open | Nov 22, 2023 | Dec 19, 2023 |
| Issue Close | Nov 24, 2023 | Dec 21, 2023 |
| Basis Of Allotment (Tentative) | Nov 29, 2023 | Dec 22, 2023 |
| Initiation of Refunds (Tentative) | Nov 30, 2023 | Dec 26, 2023 |
| Credit of Share (Tentative) | Nov 30, 2023 | Dec 26, 2023 |
| Listing date (Tentative) | Dec 01, 2023 | Dec 27, 2023 |
| Anchor Lockin End date 1 | Dec 29, 2023 | Jan 21, 2024 |
| Anchor Lockin End date 2 | Feb 27, 2024 | Mar 21, 2024 |
Flair Writing Industries IPO P/E ratio is 23.36, as compared to Happy Forgings IPO P/E ratio of 36.45.
| Flair Writing Industries IPO | Happy Forgings IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 97.49 | 88.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 79.21 | 78.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.36 | 36.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3204.00 Cr. | ₹8007.42 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 31.17% | 21.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 31.24% | 24.24% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.26 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹12.33 | ₹23.32 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 31.17% | 21.12% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Flair Writing Industries IPO Retail Individual Investors (RII) are offered 68,27,303 shares while in Happy Forgings IPO retail investors are offered 68,27,303 shares. Qualified Institutional Buyers (QIB) are offered 39,01,316 shares in Flair Writing Industries IPO and 23,73,160 shares in Happy Forgings IPO.
| Flair Writing Industries IPO | Happy Forgings IPO | |
|---|---|---|
| Anchor Investor Reservation | 58,51,972 shares | 35,59,740 shares |
| Market Maker Reservation | ||
| QIB | 39,01,316 shares | 23,73,160 shares |
| NII | 29,25,987 shares | 17,79,871 shares |
| RII | 68,27,303 shares | 41,53,031 shares |
| Employee | ||
| Others | ||
| Total | 1,95,06,578 shares | 1,18,65,802 shares |
Flair Writing Industries IPO subscribed 49.28x in total, whereas Happy Forgings IPO subscribed 82.63x.
| Flair Writing Industries IPO | Happy Forgings IPO | |
|---|---|---|
| QIB (times) | 122.02x | 214.65x |
| NII (times) | 35.23x | 63.45x |
| Big NII (times) | 36.53x | 69.87x |
| Small NII (times) | 32.61x | 50.61x |
| RII (times) | 13.73x | 15.40x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 49.28x | 82.63x |
