Comparison between Azad Engineering IPO and Inox India IPO.
Azad Engineering IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Inox India 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 Inox India IPO is up to ₹1,459.32 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Inox India IPO is ₹660.00 per share.
| Azad Engineering IPO | Inox India IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹2 per share |
| Issue Price (Lower) | ₹499.00 per share | ₹627.00 per share |
| Issue Price (Upper) | ₹524.00 per share | ₹660.00 per share |
| Issue Price (Final) | ₹524.00 per share | ₹660.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | |
| Market Lot Size | 28 shares | 22 shares |
| Fresh Issue Size | 45,80,151 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹240.00 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 95,41,957 shares | 2,21,10,955 shares |
| OFS Issue Size (Amount) | up to ₹500.00 Cr | up to ₹1,459.32 Cr |
| Issue Size Total | 1,41,22,108 shares | 2,21,10,955 shares |
| Issue Size Total (Amount) | up to ₹740.00 Cr | up to ₹1,459.32 Cr |
Azad Engineering IPO opens on Dec 20, 2023, while Inox India IPO opens on Dec 14, 2023. The closing date of Azad Engineering IPO and Inox India IPO is Dec 22, 2023, and Dec 18, 2023, respectively.
| Azad Engineering IPO | Inox India IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2023 | Dec 13, 2023 |
| Issue Open | Dec 20, 2023 | Dec 14, 2023 |
| Issue Close | Dec 22, 2023 | Dec 18, 2023 |
| Basis Of Allotment (Tentative) | Dec 26, 2023 | Dec 19, 2023 |
| Initiation of Refunds (Tentative) | Dec 27, 2023 | Dec 20, 2023 |
| Credit of Share (Tentative) | Dec 27, 2023 | Dec 20, 2023 |
| Listing date (Tentative) | Dec 28, 2023 | Dec 21, 2023 |
| Anchor Lockin End date 1 | Jan 25, 2024 | Jan 18, 2024 |
| Anchor Lockin End date 2 | Mar 25, 2024 | Mar 18, 2024 |
Azad Engineering IPO P/E ratio is 292.74, as compared to Inox India IPO P/E ratio of 39.22.
| Azad Engineering IPO | Inox India IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 78.61 | 99.30 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 65.9 | 75.46 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 292.74 | 39.22 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3097.52 Cr. | ₹5990.39 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 4.2% | 27.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 12.99% | 36.53% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.47 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.79 | ₹16.83 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 4.23% | 27.79% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Azad Engineering IPO Retail Individual Investors (RII) are offered 49,16,021 shares while in Inox India IPO retail investors are offered 49,16,021 shares. Qualified Institutional Buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 44,22,191 shares in Inox India IPO.
| Azad Engineering IPO | Inox India IPO | |
|---|---|---|
| Anchor Investor Reservation | 42,13,731 shares | 66,33,285 shares |
| Market Maker Reservation | ||
| QIB | 28,09,155 shares | 44,22,191 shares |
| NII | 21,06,866 shares | 33,16,644 shares |
| RII | 49,16,021 shares | 77,38,835 shares |
| Employee | 76,335 shares | |
| Others | ||
| Total | 1,41,22,108 shares | 2,21,10,955 shares |
Azad Engineering IPO subscribed 83.04x in total, whereas Inox India IPO subscribed 61.28x.
| Azad Engineering IPO | Inox India IPO | |
|---|---|---|
| QIB (times) | 179.64x | 147.80x |
| NII (times) | 90.24x | 53.20x |
| Big NII (times) | 93.30x | 56.55x |
| Small NII (times) | 84.12x | 46.52x |
| RII (times) | 24.51x | 15.30x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 83.04x | 61.28x |
