IKIO Lighting IPO vs Mankind Pharma IPO

Comparison between IKIO Lighting IPO and Mankind Pharma IPO.

IPO Details

IKIO Lighting IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Mankind Pharma IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of IKIO Lighting IPO is up to ₹606.50 Cr whereas the issue size of the Mankind Pharma IPO is up to ₹4,326.36 Cr. The final issue price of IKIO Lighting IPO is ₹285.00 per share and of Mankind Pharma IPO is ₹1,080.00 per share.

 IKIO Lighting IPOMankind Pharma IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹270.00 per share₹1,026.00 per share
Issue Price (Upper)₹285.00 per share₹1,080.00 per share
Issue Price (Final)₹285.00 per share₹1,080.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size52 shares13 shares
Fresh Issue Size1,22,80,701 shares0 shares
Fresh Issue Size (Amount)up to ₹350.00 Crup to ₹0.00 Cr
OFS Issue Size90,00,000 shares4,00,58,844 shares
OFS Issue Size (Amount)up to ₹256.50 Crup to ₹4,326.36 Cr
Issue Size Total2,12,80,701 shares4,00,58,844 shares
Issue Size Total (Amount)up to ₹606.50 Crup to ₹4,326.36 Cr

IPO Timetable

IKIO Lighting IPO opens on Jun 06, 2023, while Mankind Pharma IPO opens on Apr 25, 2023. The closing date of IKIO Lighting IPO and Mankind Pharma IPO is Jun 08, 2023, and Apr 27, 2023, respectively.

 IKIO Lighting IPOMankind Pharma IPO
Anchor Bid DateJun 05, 2023Apr 24, 2023
Issue OpenJun 06, 2023Apr 25, 2023
Issue CloseJun 08, 2023Apr 27, 2023
Basis Of Allotment (Tentative)Jun 13, 2023May 03, 2023
Initiation of Refunds (Tentative)Jun 14, 2023May 04, 2023
Credit of Share (Tentative)Jun 15, 2023May 05, 2023
Listing date (Tentative)Jun 16, 2023May 09, 2023
Anchor Lockin End date 1Jul 13, 2023Jun 02, 2023
Anchor Lockin End date 2Sep 11, 2023Aug 01, 2023

Financials & KPIs

IKIO Lighting IPO P/E ratio is 32.13, as compared to Mankind Pharma IPO P/E ratio of 32.5.

 IKIO Lighting IPOMankind Pharma IPO
Financials

Company Financials (Proforma Consolidated)

Period Ended31 Dec 202231 Mar 202231 Mar 202131 Mar 2020
Assets335.50264.87174.45144.83
Total Income332.79334.00214.57221.83
Profit After Tax51.3550.5228.8121.41
NET Worth140.83108.8762.8635.90
Total Borrowing136.33106.5669.3646.86
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202231 Mar 202231 Dec 202131 Mar 202131 Mar 2020
Assets9,273.759,147.748,043.886,372.635,073.29
Total Income6,777.827,977.586,218.296,385.385,975.65
Profit After Tax1,015.981,452.961,260.241,293.031,056.15
NET Worth7,145.896,155.235,965.464,722.003,485.31
Reserves and Surplus7,094.126,106.065,916.864,674.393,436.34
Total Borrowing167.93868.03268.70234.53126.92
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)100.0079.00
Promoter Shareholding (Post-Issue)72.4676.50
P/E Ratio32.1332.5
Market Cap₹2202.50 Cr.₹43263.60 Cr.
ROE36.00%27.60%
ROCE26.00%26.10%
Debt/Equity1.03
EPS₹7.90₹33.20
RoNW36.46%27.70%

Shares Offered

In the IKIO Lighting IPO Retail Individual Investors (RII) are offered 74,48,246 shares while in Mankind Pharma IPO retail investors are offered 74,48,246 shares. Qualified Institutional Buyers (QIB) are offered 42,56,140 shares in IKIO Lighting IPO and 80,11,769 shares in Mankind Pharma IPO.

 IKIO Lighting IPOMankind Pharma IPO
Anchor Investor Reservation63,84,209 shares1,20,17,652 shares
Market Maker Reservation
QIB42,56,140 shares80,11,769 shares
NII31,92,106 shares60,08,827 shares
RII74,48,246 shares1,40,20,596 shares
Employee
Others
Total2,12,80,701 shares4,00,58,844 shares

Bids Received (Subscription)

IKIO Lighting IPO subscribed 67.75x in total, whereas Mankind Pharma IPO subscribed 15.32x.

 IKIO Lighting IPOMankind Pharma IPO
QIB (times)163.06x49.16x
NII (times)65.38x3.80x
Big NII (times)69.01x4.99x
Small NII (times)58.13x1.41x
RII (times)14.31x0.92x
Employee (times)
Other (times)
Total (times)67.75x15.32x

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