Indegene IPO vs Kronox Lab Sciences IPO

Comparison between Indegene IPO and Kronox Lab Sciences IPO.

IPO Details

Indegene IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Kronox Lab Sciences IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Indegene IPO is up to ₹1,841.76 Cr whereas the issue size of the Kronox Lab Sciences IPO is up to ₹130.15 Cr. The final issue price of Indegene IPO is ₹452.00 per share and of Kronox Lab Sciences IPO is ₹136.00 per share.

 Indegene IPOKronox Lab Sciences IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹430.00 per share₹129.00 per share
Issue Price (Upper)₹452.00 per share₹136.00 per share
Issue Price (Final)₹452.00 per share₹136.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹30.00 per share
Market Lot Size33 shares110 shares
Fresh Issue Size1,68,33,818 shares0 shares
Fresh Issue Size (Amount)up to ₹760.52 Crup to ₹0.00 Cr
OFS Issue Size2,39,32,732 shares95,70,000 shares
OFS Issue Size (Amount)up to ₹1,081.24 Crup to ₹130.15 Cr
Issue Size Total4,07,66,550 shares95,70,000 shares
Issue Size Total (Amount)up to ₹1,841.76 Crup to ₹130.15 Cr

IPO Timetable

Indegene IPO opens on May 06, 2024, while Kronox Lab Sciences IPO opens on Jun 03, 2024. The closing date of Indegene IPO and Kronox Lab Sciences IPO is May 08, 2024, and Jun 05, 2024, respectively.

 Indegene IPOKronox Lab Sciences IPO
Anchor Bid DateMay 03, 2024May 31, 2024
Issue OpenMay 06, 2024Jun 03, 2024
Issue CloseMay 08, 2024Jun 05, 2024
Basis Of Allotment (Tentative)May 09, 2024Jun 06, 2024
Initiation of Refunds (Tentative)May 10, 2024Jun 07, 2024
Credit of Share (Tentative)May 10, 2024Jun 07, 2024
Listing date (Tentative)May 13, 2024Jun 10, 2024
Anchor Lockin End date 1Jun 08, 2024Jul 06, 2024
Anchor Lockin End date 2Aug 07, 2024Sep 04, 2024

Financials & KPIs

Indegene IPO P/E ratio is 37.78, as compared to Kronox Lab Sciences IPO P/E ratio of 30.37.

 Indegene IPOKronox Lab Sciences IPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,518.152,203.871,353.47596.04
Total Income1,969.752,364.101,690.50996.92
Profit After Tax241.90266.10162.82149.41
NET Worth1,327.001,063.72763.90324.51
Reserves and Surplus1,282.651,019.43763.55324.19
Total Borrowing399.33394.3418.2424.76
Amount in ₹ Crore

Company Financials (Restated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets66.9654.0356.7937.65
Total Income68.4497.5083.3463.24
Profit After Tax15.4716.6213.639.73
NET Worth60.2844.6840.3526.81
Reserves and Surplus15.567.5840.1126.57
Total Borrowing0.640.01
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)30.7199.98
Promoter Shareholding (Post-Issue)74.21
P/E Ratio37.7830.37
Market Cap₹10814.07 Cr.₹504.61 Cr.
ROE25.66%
ROCE33.15%
Debt/Equity0.30
EPS₹11.96₹4.48
RoNW18.23%25.66%

Shares Offered

In the Indegene IPO Retail Individual Investors (RII) are offered 1,41,64,620 shares while in Kronox Lab Sciences IPO retail investors are offered 1,41,64,620 shares. Qualified Institutional Buyers (QIB) are offered 80,94,068 shares in Indegene IPO and 19,14,000 shares in Kronox Lab Sciences IPO.

 Indegene IPOKronox Lab Sciences IPO
Anchor Investor Reservation1,21,41,102 shares28,71,000 shares
Market Maker Reservation
QIB80,94,068 shares19,14,000 shares
NII60,70,552 shares14,35,500 shares
RII1,41,64,620 shares33,49,500 shares
Employee2,96,208 shares
Others
Total4,07,66,550 shares95,70,000 shares

Bids Received (Subscription)

Indegene IPO subscribed 70.30x in total, whereas Kronox Lab Sciences IPO subscribed 117.25x.

 Indegene IPOKronox Lab Sciences IPO
QIB (times)192.72x89.03x
NII (times)55.91x301.92x
Big NII (times)62.23x322.26x
Small NII (times)43.26x261.22x
RII (times)7.86x54.24x
Employee (times)6.62x
Other (times)
Total (times)70.30x117.25x

Compare with others

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Indegene IPO Vs Kronox Lab Sciences IPO