Comparison between Gandhar Oil Refinery IPO and IREDA IPO.
Gandhar Oil Refinery 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 Gandhar Oil Refinery IPO is up to ₹500.69 Cr whereas the issue size of the IREDA IPO is up to ₹2,150.21 Cr. The final issue price of Gandhar Oil Refinery IPO is ₹169.00 per share and of IREDA IPO is ₹32.00 per share.
| Gandhar Oil Refinery IPO | IREDA IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹160.00 per share | ₹30.00 per share |
| Issue Price (Upper) | ₹169.00 per share | ₹32.00 per share |
| Issue Price (Final) | ₹169.00 per share | ₹32.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 88 shares | 460 shares |
| Fresh Issue Size | 1,78,69,822 shares | 40,31,64,706 shares |
| Fresh Issue Size (Amount) | up to ₹302.00 Cr | up to ₹1,290.13 Cr |
| OFS Issue Size | 1,17,56,910 shares | 26,87,76,471 shares |
| OFS Issue Size (Amount) | up to ₹198.69 Cr | up to ₹860.08 Cr |
| Issue Size Total | 2,96,26,732 shares | 67,19,41,177 shares |
| Issue Size Total (Amount) | up to ₹500.69 Cr | up to ₹2,150.21 Cr |
Gandhar Oil Refinery IPO opens on Nov 22, 2023, while IREDA IPO opens on Nov 21, 2023. The closing date of Gandhar Oil Refinery IPO and IREDA IPO is Nov 24, 2023, and Nov 23, 2023, respectively.
| Gandhar Oil Refinery 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 29, 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 |
Gandhar Oil Refinery IPO P/E ratio is , as compared to IREDA IPO P/E ratio of 8.47.
| Gandhar Oil Refinery IPO | IREDA IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Proforma Consolidated)
| Company Financials (Restated Standalone)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 87.50 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 64.63 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1654.00 Cr. | ₹8600.85 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 32.28% | 15.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 41.19% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.22 | 6.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.77 | ₹3.78 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 32.28% | 15.44% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Gandhar Oil Refinery IPO Retail Individual Investors (RII) are offered 1,03,69,357 shares while in IREDA IPO retail investors are offered 1,03,69,357 shares. Qualified Institutional Buyers (QIB) are offered 59,25,347 shares in Gandhar Oil Refinery IPO and 13,40,13,152 shares in IREDA IPO.
| Gandhar Oil Refinery IPO | IREDA IPO | |
|---|---|---|
| Anchor Investor Reservation | 88,88,018 shares | 20,10,19,726 shares |
| Market Maker Reservation | ||
| QIB | 59,25,347 shares | 13,40,13,152 shares |
| NII | 44,44,010 shares | 10,05,09,864 shares |
| RII | 1,03,69,357 shares | 23,45,23,015 shares |
| Employee | 18,75,420 shares | |
| Others | ||
| Total | 2,96,26,732 shares | 67,19,41,177 shares |
Gandhar Oil Refinery IPO subscribed 65.63x in total, whereas IREDA IPO subscribed 38.80x.
| Gandhar Oil Refinery IPO | IREDA IPO | |
|---|---|---|
| QIB (times) | 129.06x | 104.57x |
| NII (times) | 64.34x | 24.16x |
| Big NII (times) | 61.93x | 26.99x |
| Small NII (times) | 69.17x | 18.50x |
| RII (times) | 29.93x | 7.73x |
| Employee (times) | 9.80x | |
| Other (times) | ||
| Total (times) | 65.63x | 38.80x |
