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IBL Finance IPO vs Maxposure IPO

Comparison between IBL Finance IPO and Maxposure IPO.

IPO Details

IBL Finance IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Maxposure IPO is a SME Bookbuilding proposed to list at NSE SME.

 IBL Finance IPOMaxposure IPO
LogoIBL Finance IPO LogoMaxposure IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.GYR Capital Advisors Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.Bigshare Services Pvt.Ltd.
Market MakerMarket-Hub Stock Broking Pvt.Ltd.Giriraj Stock Broking Pvt.Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹31.72 Cr whereas the issue size of the Maxposure IPO is up to ₹19.03 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Maxposure IPO is ₹33.00 per share.

 IBL Finance IPOMaxposure IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹31.00 per share
Issue Price (Upper)₹33.00 per share
Issue Price (Final)₹51.00 per share₹33.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares4000 shares
Fresh Issue Size62,20,000 shares57,68,000 shares
Fresh Issue Size (Amount)up to ₹31.72 Crup to ₹19.03 Cr
OFS Issue Size0 shares0 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹0.00 Cr
Issue Size Total62,20,000 shares57,68,000 shares
Issue Size Total (Amount)up to ₹31.72 Crup to ₹19.03 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Maxposure IPO opens on Jan 15, 2024. The closing date of IBL Finance IPO and Maxposure IPO is Jan 11, 2024, and Jan 17, 2024, respectively.

 IBL Finance IPOMaxposure IPO
Anchor Bid DateJan 12, 2024
Issue OpenJan 09, 2024Jan 15, 2024
Issue CloseJan 11, 2024Jan 17, 2024
Basis Of Allotment (Tentative)Jan 12, 2024Jan 18, 2024
Initiation of Refunds (Tentative)Jan 15, 2024Jan 19, 2024
Credit of Share (Tentative)Jan 15, 2024Jan 19, 2024
Listing date (Tentative)Jan 16, 2024Jan 23, 2024
Anchor Lockin End date 1Feb 17, 2024
Anchor Lockin End date 2Apr 17, 2024

Financials & KPIs

IBL Finance IPO P/E ratio is 48.08, as compared to Maxposure IPO P/E ratio of 12.42.

 IBL Finance IPOMaxposure IPO
Financials

Company Financials (Restated)

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets23.1822.1810.233.39
Total Income4.9313.333.271.13
Profit After Tax1.211.930.43-0.10
NET Worth21.6920.493.553.13
Reserves and Surplus3.5111.400.29-0.13
Total Borrowing0.080.096.41
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets53.5548.7944.8540.10
Total Income20.5933.5633.2122.47
Profit After Tax3.714.410.350.36
NET Worth34.7831.1426.6626.31
Reserves and Surplus31.4627.7523.3422.99
Total Borrowing4.623.342.944.19
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.5584.35
Promoter Shareholding (Post-Issue)62.8961.58
P/E Ratio48.0812.42
Market Cap₹126.13 Cr.₹75.05 Cr.
ROE9.41%14.39%
ROCE18.88%19.55%
Debt/Equity0.000.03
EPS₹1.06₹2.66
RoNW9.41%14.20%

Shares Offered

In the IBL Finance IPO Retail Individual Investors (RII) are offered 31,10,000 shares while in Maxposure IPO retail investors are offered 31,10,000 shares. Qualified Institutional Buyers (QIB) are offered in IBL Finance IPO and 11,40,000 shares in Maxposure IPO.

 IBL Finance IPOMaxposure IPO
Anchor Investor Reservation17,00,000 shares
Market Maker Reservation3,30,000 shares3,72,000 shares
QIB11,40,000 shares
NII31,10,000 shares8,80,000 shares
RII31,10,000 shares20,48,000 shares
Employee
Others
Total62,20,000 shares57,68,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas Maxposure IPO subscribed 987.47x.

 IBL Finance IPOMaxposure IPO
QIB (times)162.35x
NII (times)9.94x1,947.55x
Big NII (times)
Small NII (times)
RII (times)24.03x1,034.23x
Employee (times)
Other (times)
Total (times)17.00x987.47x

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Compare:

IBL Finance IPO Vs Maxposure IPO