Comparison between Happy Forgings IPO and Inox India IPO.
Happy Forgings 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 Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the Inox India IPO is up to ₹1,459.32 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of Inox India IPO is ₹660.00 per share.
| Happy Forgings IPO | Inox India IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹2 per share |
| Issue Price (Lower) | ₹808.00 per share | ₹627.00 per share |
| Issue Price (Upper) | ₹850.00 per share | ₹660.00 per share |
| Issue Price (Final) | ₹850.00 per share | ₹660.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 17 shares | 22 shares |
| Fresh Issue Size | 47,05,882 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹400.00 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 71,59,920 shares | 2,21,10,955 shares |
| OFS Issue Size (Amount) | up to ₹608.59 Cr | up to ₹1,459.32 Cr |
| Issue Size Total | 1,18,65,802 shares | 2,21,10,955 shares |
| Issue Size Total (Amount) | up to ₹1,008.59 Cr | up to ₹1,459.32 Cr |
Happy Forgings IPO opens on Dec 19, 2023, while Inox India IPO opens on Dec 14, 2023. The closing date of Happy Forgings IPO and Inox India IPO is Dec 21, 2023, and Dec 18, 2023, respectively.
| Happy Forgings IPO | Inox India IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | Dec 13, 2023 |
| Issue Open | Dec 19, 2023 | Dec 14, 2023 |
| Issue Close | Dec 21, 2023 | Dec 18, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 19, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 20, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 20, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 21, 2023 |
| Anchor Lockin End date 1 | Jan 21, 2024 | Jan 18, 2024 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Mar 18, 2024 |
Happy Forgings IPO P/E ratio is 36.45, as compared to Inox India IPO P/E ratio of 39.22.
| Happy Forgings IPO | Inox India IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.24 | 99.30 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 78.60 | 75.46 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 36.45 | 39.22 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8007.42 Cr. | ₹5990.39 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.12% | 27.79% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.24% | 36.53% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.32 | ₹16.83 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.12% | 27.79% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Forgings IPO Retail Individual Investors (RII) are offered 41,53,031 shares while in Inox India IPO retail investors are offered 41,53,031 shares. Qualified Institutional Buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 44,22,191 shares in Inox India IPO.
| Happy Forgings IPO | Inox India IPO | |
|---|---|---|
| Anchor Investor Reservation | 35,59,740 shares | 66,33,285 shares |
| Market Maker Reservation | ||
| QIB | 23,73,160 shares | 44,22,191 shares |
| NII | 17,79,871 shares | 33,16,644 shares |
| RII | 41,53,031 shares | 77,38,835 shares |
| Employee | ||
| Others | ||
| Total | 1,18,65,802 shares | 2,21,10,955 shares |
Happy Forgings IPO subscribed 82.63x in total, whereas Inox India IPO subscribed 61.28x.
| Happy Forgings IPO | Inox India IPO | |
|---|---|---|
| QIB (times) | 214.65x | 147.80x |
| NII (times) | 63.45x | 53.20x |
| Big NII (times) | 69.87x | 56.55x |
| Small NII (times) | 50.61x | 46.52x |
| RII (times) | 15.40x | 15.30x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 82.63x | 61.28x |
