Inox India IPO vs RBZ Jewellers IPO

Comparison between Inox India IPO and RBZ Jewellers IPO.

IPO Details

Inox India IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while RBZ Jewellers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Inox India IPO is up to ₹1,459.32 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Inox India IPO is ₹660.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.

 Inox India IPORBZ Jewellers IPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹627.00 per share₹95.00 per share
Issue Price (Upper)₹660.00 per share₹100.00 per share
Issue Price (Final)₹660.00 per share₹100.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size22 shares150 shares
Fresh Issue Size0 shares1,00,00,000 shares
Fresh Issue Size (Amount)up to ₹0.00 Crup to ₹100.00 Cr
OFS Issue Size2,21,10,955 shares0 shares
OFS Issue Size (Amount)up to ₹1,459.32 Crup to ₹0.00 Cr
Issue Size Total2,21,10,955 shares1,00,00,000 shares
Issue Size Total (Amount)up to ₹1,459.32 Crup to ₹100.00 Cr

IPO Timetable

Inox India IPO opens on Dec 14, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Inox India IPO and RBZ Jewellers IPO is Dec 18, 2023, and Dec 21, 2023, respectively.

 Inox India IPORBZ Jewellers IPO
Anchor Bid DateDec 13, 2023Dec 18, 2023
Issue OpenDec 14, 2023Dec 19, 2023
Issue CloseDec 18, 2023Dec 21, 2023
Basis Of Allotment (Tentative)Dec 19, 2023Dec 22, 2023
Initiation of Refunds (Tentative)Dec 20, 2023Dec 26, 2023
Credit of Share (Tentative)Dec 20, 2023Dec 26, 2023
Listing date (Tentative)Dec 21, 2023Dec 27, 2023
Anchor Lockin End date 1Jan 18, 2024Jan 21, 2024
Anchor Lockin End date 2Mar 18, 2024Mar 21, 2024

Financials & KPIs

Inox India IPO P/E ratio is 39.22, as compared to RBZ Jewellers IPO P/E ratio of 13.77.

 Inox India IPORBZ Jewellers IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,155.811,148.36896.75687.20
Total Income580.00984.20803.71608.99
Profit After Tax103.34152.71130.5096.11
NET Worth554.24549.48502.28371.51
Total Borrowing31.0343.3860.37
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets234.76206.84154.03123.74
Total Income125.52289.63252.53107.71
Profit After Tax12.0922.3314.419.75
NET Worth104.5792.4770.0355.55
Reserves and Surplus74.0261.9365.6051.19
Total Borrowing101.8495.7959.7154.90
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.30100
Promoter Shareholding (Post-Issue)75.4675
P/E Ratio39.2213.77
Market Cap₹5990.39 Cr.₹400.00 Cr.
ROE27.79%27.49%
ROCE36.53%27.49%
Debt/Equity1.02
EPS₹16.83₹7.44
RoNW27.79%20.08%

Shares Offered

In the Inox India IPO Retail Individual Investors (RII) are offered 77,38,835 shares while in RBZ Jewellers IPO retail investors are offered 77,38,835 shares. Qualified Institutional Buyers (QIB) are offered 44,22,191 shares in Inox India IPO and 14,00,000 shares in RBZ Jewellers IPO.

 Inox India IPORBZ Jewellers IPO
Anchor Investor Reservation66,33,285 shares21,00,000 shares
Market Maker Reservation
QIB44,22,191 shares14,00,000 shares
NII33,16,644 shares30,00,000 shares
RII77,38,835 shares35,00,000 shares
Employee
Others
Total2,21,10,955 shares1,00,00,000 shares

Bids Received (Subscription)

Inox India IPO subscribed 61.28x in total, whereas RBZ Jewellers IPO subscribed 16.86x.

 Inox India IPORBZ Jewellers IPO
QIB (times)147.80x13.43x
NII (times)53.20x9.27x
Big NII (times)56.55x6.79x
Small NII (times)46.52x14.21x
RII (times)15.30x24.74x
Employee (times)
Other (times)
Total (times)61.28x16.86x

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