IBL Finance IPO vs Kaushalya Logistics IPO

Comparison between IBL Finance IPO and Kaushalya Logistics IPO.

IPO Details

IBL Finance IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Kaushalya Logistics IPO is a SME Bookbuilding proposed to list at NSE SME.

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹31.72 Cr whereas the issue size of the Kaushalya Logistics IPO is up to ₹34.76 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Kaushalya Logistics IPO is ₹75.00 per share.

 IBL Finance IPOKaushalya Logistics IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹71.00 per share
Issue Price (Upper)₹75.00 per share
Issue Price (Final)₹51.00 per share₹75.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1600 shares
Fresh Issue Size62,20,000 shares31,35,200 shares
Fresh Issue Size (Amount)up to ₹31.72 Crup to ₹23.51 Cr
OFS Issue Size0 shares15,00,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹11.25 Cr
Issue Size Total62,20,000 shares46,35,200 shares
Issue Size Total (Amount)up to ₹31.72 Crup to ₹34.76 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Kaushalya Logistics IPO opens on Dec 29, 2023. The closing date of IBL Finance IPO and Kaushalya Logistics IPO is Jan 11, 2024, and Jan 03, 2024, respectively.

 IBL Finance IPOKaushalya Logistics IPO
Anchor Bid DateDec 28, 2023
Issue OpenJan 09, 2024Dec 29, 2023
Issue CloseJan 11, 2024Jan 03, 2024
Basis Of Allotment (Tentative)Jan 12, 2024Jan 04, 2024
Initiation of Refunds (Tentative)Jan 15, 2024Jan 05, 2024
Credit of Share (Tentative)Jan 15, 2024Jan 05, 2024
Listing date (Tentative)Jan 16, 2024Jan 08, 2024
Anchor Lockin End date 1Feb 03, 2024
Anchor Lockin End date 2Apr 03, 2024

Financials & KPIs

IBL Finance IPO P/E ratio is 48.08, as compared to Kaushalya Logistics IPO P/E ratio of 0.16.

 IBL Finance IPOKaushalya Logistics IPO
Financials

Company Financials (Restated)

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets23.1822.1810.233.39
Total Income4.9313.333.271.13
Profit After Tax1.211.930.43-0.10
NET Worth21.6920.493.553.13
Reserves and Surplus3.5111.400.29-0.13
Total Borrowing0.080.096.41
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets168.42140.7064.9432.76
Total Income570.53632.1663.5933.28
Profit After Tax2.157.063.773.00
NET Worth21.4819.3412.278.50
Reserves and Surplus21.3319.1912.128.35
Total Borrowing54.8932.1324.7710.70
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)85.5599.99
Promoter Shareholding (Post-Issue)62.8972.98
P/E Ratio48.080.16
Market Cap₹126.13 Cr.₹138.98 Cr.
ROE9.41%36.50
ROCE18.88%70.48
Debt/Equity0.003.40
EPS₹1.06₹470.58
RoNW9.41%36.50

Shares Offered

In the IBL Finance IPO Retail Individual Investors (RII) are offered 31,10,000 shares while in Kaushalya Logistics IPO retail investors are offered 31,10,000 shares. Qualified Institutional Buyers (QIB) are offered in IBL Finance IPO and 9,82,400 shares in Kaushalya Logistics IPO.

 IBL Finance IPOKaushalya Logistics IPO
Anchor Investor Reservation13,34,400 shares
Market Maker Reservation3,30,000 shares2,44,800 shares
QIB9,82,400 shares
NII31,10,000 shares6,96,000 shares
RII31,10,000 shares16,22,400 shares
Employee
Others
Total62,20,000 shares46,35,200 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas Kaushalya Logistics IPO subscribed 390.88x.

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