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IBL Finance IPO vs Addictive Learning Technology IPO

Comparison between IBL Finance IPO and Addictive Learning Technology IPO.

IPO Details

IBL Finance IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Addictive Learning Technology IPO is a SME Bookbuilding proposed to list at NSE SME.

 IBL Finance IPOAddictive Learning Technology IPO
LogoIBL Finance IPO LogoAddictive Learning Technology IPO Logo
Issue CategorySMESME
Issue TypeIPOIPO
Process TypeFixed PriceBookbuilding
Listing AtNSE SMENSE SME
Lead ManagersFedex Securities Pvt.Ltd.Narnolia Financial Services Ltd.
RegistrarBigshare Services Pvt.Ltd.Maashitla Securities Pvt.Ltd.
Market MakerMarket-Hub Stock Broking Pvt.Ltd.SS Corporate Securities Ltd.
DRHPDRHP DRHP
RHPRHP RHP
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹31.72 Cr whereas the issue size of the Addictive Learning Technology IPO is up to ₹55.73 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Addictive Learning Technology IPO is ₹140.00 per share.

 IBL Finance IPOAddictive Learning Technology IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹133.00 per share
Issue Price (Upper)₹140.00 per share
Issue Price (Final)₹51.00 per share₹140.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size2000 shares1000 shares
Fresh Issue Size62,20,000 shares38,21,000 shares
Fresh Issue Size (Amount)up to ₹31.72 Crup to ₹53.49 Cr
OFS Issue Size0 shares1,60,000 shares
OFS Issue Size (Amount)up to ₹0.00 Crup to ₹2.24 Cr
Issue Size Total62,20,000 shares39,81,000 shares
Issue Size Total (Amount)up to ₹31.72 Crup to ₹55.73 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Addictive Learning Technology IPO opens on Jan 19, 2024. The closing date of IBL Finance IPO and Addictive Learning Technology IPO is Jan 11, 2024, and Jan 24, 2024, respectively.

 IBL Finance IPOAddictive Learning Technology IPO
Anchor Bid DateJan 18, 2024
Issue OpenJan 09, 2024Jan 19, 2024
Issue CloseJan 11, 2024Jan 24, 2024
Basis Of Allotment (Tentative)Jan 12, 2024Jan 25, 2024
Initiation of Refunds (Tentative)Jan 15, 2024Jan 29, 2024
Credit of Share (Tentative)Jan 15, 2024Jan 29, 2024
Listing date (Tentative)Jan 16, 2024Jan 30, 2024
Anchor Lockin End date 1Feb 24, 2024
Anchor Lockin End date 2Apr 24, 2024

Financials & KPIs

IBL Finance IPO P/E ratio is 48.08, as compared to Addictive Learning Technology IPO P/E ratio of 66.69.

 IBL Finance IPOAddictive Learning Technology IPO
Financials

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,317.602,218.111,022.85339.10
Total Income492.581,333.13327.08112.59
Profit After Tax120.60192.8342.73-9.88
Net Worth2,169.342,048.74355.47312.73
Reserves and Surplus351.271,139.7129.47-13.27
Total Borrowing7.519.12640.58
Amount in ₹ Lakhs

Addictive Learning Technology Limited Financial Information (Restated)

Addictive Learning Technology Limited's revenue increased by 80.41% and profit after tax (PAT) rose by 603.63% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Aug 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,324.95920.64103.1165.05
Total Income2,482.363,354.471,859.34677.77
Profit After Tax315.96247.13-49.07-0.54
Net Worth522.27206.30-40.82-1.75
Reserves and Surplus512.17196.20-50.92-1.85
Total Borrowing15.73
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue)85.5592.27
Promoter Shareholding (Post-Issue)62.8967.27
P/E Ratio48.0866.69
Market Cap₹126.13 Cr.₹222.74 Cr.
ROE9.41%119.79%
ROCE18.88%157.53%
Debt/Equity0.000.08
EPS₹1.06₹2.10
RoNW9.41%119.79%

Shares Offered

In the IBL Finance IPO Retail Individual Investors (RII) are offered 31,10,000 shares while in Addictive Learning Technology IPO retail investors are offered 31,10,000 shares. Qualified Institutional Buyers (QIB) are offered in IBL Finance IPO and 7,95,000 shares in Addictive Learning Technology IPO.

 IBL Finance IPOAddictive Learning Technology IPO
Anchor Investor Reserveration11,92,000 shares
Market Maker Reserveration3,30,000 shares3,16,000 shares
QIB7,95,000 shares
NII31,10,000 shares5,99,000 shares
RII31,10,000 shares13,95,000 shares
Employee
Others
Total62,20,000 shares39,81,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas Addictive Learning Technology IPO subscribed 273.12x.

 IBL Finance IPOAddictive Learning Technology IPO
QIB (times)116.27x
NII (times)9.94x414.44x
Big NII (times)
Small NII (times)
RII (times)24.03x301.71x
Employee (times)
Other (times)
Total (times)17.00x273.12x