Comparison between Elin Electronics IPO and Inox Green Energy IPO.
Elin Electronics IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Inox Green Energy IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Elin Electronics IPO is up to ₹475.00 Cr whereas the issue size of the Inox Green Energy IPO is up to ₹740.00 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Inox Green Energy IPO is ₹65.00 per share.
| Elin Electronics IPO | Inox Green Energy IPO | |
|---|---|---|
| Face Value | ₹5 per share | ₹10 per share |
| Issue Price (Lower) | ₹234.00 per share | ₹61.00 per share |
| Issue Price (Upper) | ₹247.00 per share | ₹65.00 per share |
| Issue Price (Final) | ₹247.00 per share | ₹65.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 60 shares | 230 shares |
| Fresh Issue Size | 70,85,020 shares | 5,69,23,076 shares |
| Fresh Issue Size (Amount) | up to ₹175.00 Cr | up to ₹370.00 Cr |
| OFS Issue Size | 1,21,45,726 shares | 5,69,23,076 shares |
| OFS Issue Size (Amount) | up to ₹300.00 Cr | up to ₹370.00 Cr |
| Issue Size Total | 1,92,30,746 shares | 11,38,46,152 shares |
| Issue Size Total (Amount) | up to ₹475.00 Cr | up to ₹740.00 Cr |
Elin Electronics IPO opens on Dec 20, 2022, while Inox Green Energy IPO opens on Nov 11, 2022. The closing date of Elin Electronics IPO and Inox Green Energy IPO is Dec 22, 2022, and Nov 15, 2022, respectively.
| Elin Electronics IPO | Inox Green Energy IPO | |
|---|---|---|
| Anchor Bid Date | Dec 19, 2022 | Nov 10, 2022 |
| Issue Open | Dec 20, 2022 | Nov 11, 2022 |
| Issue Close | Dec 22, 2022 | Nov 15, 2022 |
| Basis Of Allotment (Tentative) | Dec 27, 2022 | Nov 18, 2022 |
| Initiation of Refunds (Tentative) | Dec 28, 2022 | Nov 21, 2022 |
| Credit of Share (Tentative) | Dec 29, 2022 | Nov 22, 2022 |
| Listing date (Tentative) | Dec 30, 2022 | Nov 23, 2022 |
| Anchor Lockin End date 1 | Jan 26, 2023 | Dec 18, 2022 |
| Anchor Lockin End date 2 | Mar 27, 2023 | Feb 16, 2023 |
Elin Electronics IPO P/E ratio is 29.69, as compared to Inox Green Energy IPO P/E ratio of -327.
| Elin Electronics IPO | Inox Green Energy IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 53.98 | 93.84 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 32.93 | 56.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 29.69 | -327 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1226.58 Cr. | ₹1897.61 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 13.85 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 15.82 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.32 | 0.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹9.59 | ₹-0.25 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 12.92 | -0.61 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Elin Electronics IPO Retail Individual Investors (RII) are offered 67,30,762 shares while in Inox Green Energy IPO retail investors are offered 67,30,762 shares. Qualified Institutional Buyers (QIB) are offered 38,46,149 shares in Elin Electronics IPO and 3,41,53,846 shares in Inox Green Energy IPO.
| Elin Electronics IPO | Inox Green Energy IPO | |
|---|---|---|
| Anchor Investor Reservation | 57,69,223 shares | 5,12,30,769 shares |
| Market Maker Reservation | ||
| QIB | 38,46,149 shares | 3,41,53,846 shares |
| NII | 28,84,612 shares | 1,70,76,922 shares |
| RII | 67,30,762 shares | 1,13,84,615 shares |
| Employee | ||
| Others | ||
| Total | 1,92,30,746 shares | 11,38,46,152 shares |
Elin Electronics IPO subscribed 3.09x in total, whereas Inox Green Energy IPO subscribed 1.55x.
| Elin Electronics IPO | Inox Green Energy IPO | |
|---|---|---|
| QIB (times) | 4.51x | 1.05x |
| NII (times) | 3.29x | 0.47x |
| Big NII (times) | 2.99x | 0.39x |
| Small NII (times) | 3.89x | 0.64x |
| RII (times) | 2.20x | 4.70x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 3.09x | 1.55x |
