Comparison between Happy Forgings IPO and Muthoot Microfin IPO.
Happy Forgings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Muthoot Microfin IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the Muthoot Microfin IPO is up to ₹960.00 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of Muthoot Microfin IPO is ₹291.00 per share.
| Happy Forgings IPO | Muthoot Microfin IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹808.00 per share | ₹277.00 per share |
| Issue Price (Upper) | ₹850.00 per share | ₹291.00 per share |
| Issue Price (Final) | ₹850.00 per share | ₹291.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹14.00 per share | |
| Market Lot Size | 17 shares | 51 shares |
| Fresh Issue Size | 47,05,882 shares | 2,61,34,205 shares |
| Fresh Issue Size (Amount) | up to ₹400.00 Cr | up to ₹760.11 Cr |
| OFS Issue Size | 71,59,920 shares | 68,72,849 shares |
| OFS Issue Size (Amount) | up to ₹608.59 Cr | up to ₹199.89 Cr |
| Issue Size Total | 1,18,65,802 shares | 3,30,07,054 shares |
| Issue Size Total (Amount) | up to ₹1,008.59 Cr | up to ₹960.00 Cr |
Happy Forgings IPO opens on Dec 19, 2023, while Muthoot Microfin IPO opens on Dec 18, 2023. The closing date of Happy Forgings IPO and Muthoot Microfin IPO is Dec 21, 2023, and Dec 20, 2023, respectively.
| Happy Forgings IPO | Muthoot Microfin IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | Dec 15, 2023 |
| Issue Open | Dec 19, 2023 | Dec 18, 2023 |
| Issue Close | Dec 21, 2023 | Dec 20, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 21, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 22, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 22, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 26, 2023 |
| Anchor Lockin End date 1 | Jan 21, 2024 | Jan 20, 2024 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Mar 20, 2024 |
Happy Forgings IPO P/E ratio is 36.45, as compared to Muthoot Microfin IPO P/E ratio of 24.96.
| Happy Forgings IPO | Muthoot Microfin IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.24 | 69.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 78.60 | 55.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 36.45 | 24.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8007.42 Cr. | ₹4960.82 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.12% | 11.06% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.24% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 3.99 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.32 | ₹11.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.12% | 10.08% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Forgings IPO Retail Individual Investors (RII) are offered 41,53,031 shares while in Muthoot Microfin IPO retail investors are offered 41,53,031 shares. Qualified Institutional Buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 65,29,209 shares in Muthoot Microfin IPO.
| Happy Forgings IPO | Muthoot Microfin IPO | |
|---|---|---|
| Anchor Investor Reservation | 35,59,740 shares | 97,93,812 shares |
| Market Maker Reservation | ||
| QIB | 23,73,160 shares | 65,29,209 shares |
| NII | 17,79,871 shares | 48,96,907 shares |
| RII | 41,53,031 shares | 1,14,26,116 shares |
| Employee | 3,61,010 shares | |
| Others | ||
| Total | 1,18,65,802 shares | 3,30,07,054 shares |
Happy Forgings IPO subscribed 82.63x in total, whereas Muthoot Microfin IPO subscribed 12.30x.
| Happy Forgings IPO | Muthoot Microfin IPO | |
|---|---|---|
| QIB (times) | 214.65x | 18.35x |
| NII (times) | 63.45x | 13.87x |
| Big NII (times) | 69.87x | 12.96x |
| Small NII (times) | 50.61x | 15.69x |
| RII (times) | 15.40x | 8.00x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 82.63x | 12.30x |
