Comparison between Azad Engineering IPO and Innova Captab IPO.
Azad Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Innova Captab IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Innova Captab IPO is up to ₹570.00 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Innova Captab IPO is ₹448.00 per share.
| Azad Engineering IPO | Innova Captab IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹499.00 per share | ₹426.00 per share |
| Issue Price (Upper) | ₹524.00 per share | ₹448.00 per share |
| Issue Price (Final) | ₹524.00 per share | ₹448.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 28 shares | 33 shares |
| Fresh Issue Size | 45,80,151 shares | 71,42,857 shares |
| Fresh Issue Size (Amount) | up to ₹240.00 Cr | up to ₹320.00 Cr |
| OFS Issue Size | 95,41,957 shares | 55,80,357 shares |
| OFS Issue Size (Amount) | up to ₹500.00 Cr | up to ₹250.00 Cr |
| Issue Size Total | 1,41,22,108 shares | 1,27,23,214 shares |
| Issue Size Total (Amount) | up to ₹740.00 Cr | up to ₹570.00 Cr |
Azad Engineering IPO opens on Dec 20, 2023, while Innova Captab IPO opens on Dec 21, 2023. The closing date of Azad Engineering IPO and Innova Captab IPO is Dec 22, 2023, and Dec 26, 2023, respectively.
| Azad Engineering IPO | Innova Captab IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2023 | Dec 20, 2023 |
| Issue Open | Dec 20, 2023 | Dec 21, 2023 |
| Issue Close | Dec 22, 2023 | Dec 26, 2023 |
| Basis Of Allotment (Tentative) | Dec 26, 2023 | Dec 27, 2023 |
| Initiation of Refunds (Tentative) | Dec 27, 2023 | Dec 28, 2023 |
| Credit of Share (Tentative) | Dec 27, 2023 | Dec 28, 2023 |
| Listing date (Tentative) | Dec 28, 2023 | Dec 29, 2023 |
| Anchor Lockin End date 1 | Jan 25, 2024 | Jan 26, 2024 |
| Anchor Lockin End date 2 | Mar 25, 2024 | Mar 26, 2024 |
Azad Engineering IPO P/E ratio is 292.74, as compared to Innova Captab IPO P/E ratio of 31.64.
| Azad Engineering IPO | Innova Captab IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.61 | 66.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.9 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 292.74 | 31.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3097.52 Cr. | ₹2563.70 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 4.2% | 24.58% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.99% | 22.61% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.47 | 0.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.79 | ₹14.16 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 4.23% | 24.58% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Azad Engineering IPO Retail Individual Investors (RII) are offered 49,16,021 shares while in Innova Captab IPO retail investors are offered 49,16,021 shares. Qualified Institutional Buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 25,44,643 shares in Innova Captab IPO.
| Azad Engineering IPO | Innova Captab IPO | |
|---|---|---|
| Anchor Investor Reservation | 42,13,731 shares | 38,16,963 shares |
| Market Maker Reservation | ||
| QIB | 28,09,155 shares | 25,44,643 shares |
| NII | 21,06,866 shares | 19,08,483 shares |
| RII | 49,16,021 shares | 44,53,125 shares |
| Employee | 76,335 shares | |
| Others | ||
| Total | 1,41,22,108 shares | 1,27,23,214 shares |
Azad Engineering IPO subscribed 83.04x in total, whereas Innova Captab IPO subscribed 55.26x.
| Azad Engineering IPO | Innova Captab IPO | |
|---|---|---|
| QIB (times) | 179.64x | 116.73x |
| NII (times) | 90.24x | 64.95x |
| Big NII (times) | 93.30x | 71.59x |
| Small NII (times) | 84.12x | 51.65x |
| RII (times) | 24.51x | 17.15x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 83.04x | 55.26x |
