Comparison between IBL Finance IPO and Maxposure IPO.
IBL Finance IPO is a SME Bookbuilding IPO proposed to list at NSE SME while Maxposure IPO is a SME Bookbuilding proposed to list at NSE SME.
| IBL Finance IPO | Maxposure IPO | |
|---|---|---|
| Logo |  |  |
| Issue Category | SME | SME |
| Issue Type | IPO | IPO |
| Process Type | Fixed Price | Bookbuilding |
| Listing At | NSE SME | NSE SME |
| Lead Managers | Fedex Securities Pvt.Ltd. | GYR Capital Advisors Pvt.Ltd. |
| Registrar | Bigshare Services Pvt.Ltd. | Bigshare Services Pvt.Ltd. |
| Market Maker | Market-Hub Stock Broking Pvt.Ltd. | Giriraj Stock Broking Pvt.Ltd. |
| DRHP | DRHP  | DRHP |
| RHP | RHP | RHP |
| Anchor Investor | Anchor Investor | |
| IPO Allotment URL | IPO Allotment URL | IPO Allotment URL |
The total issue size of IBL Finance IPO is up to ₹31.72 Cr whereas the issue size of the Maxposure IPO is up to ₹19.03 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Maxposure IPO is ₹33.00 per share.
| IBL Finance IPO | Maxposure IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹31.00 per share | |
| Issue Price (Upper) | ₹33.00 per share | |
| Issue Price (Final) | ₹51.00 per share | ₹33.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 2000 shares | 4000 shares |
| Fresh Issue Size | 62,20,000 shares | 57,68,000 shares |
| Fresh Issue Size (Amount) | up to ₹31.72 Cr | up to ₹19.03 Cr |
| OFS Issue Size | 0 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹0.00 Cr | up to ₹0.00 Cr |
| Issue Size Total | 62,20,000 shares | 57,68,000 shares |
| Issue Size Total (Amount) | up to ₹31.72 Cr | up to ₹19.03 Cr |
IBL Finance IPO opens on Jan 09, 2024, while Maxposure IPO opens on Jan 15, 2024. The closing date of IBL Finance IPO and Maxposure IPO is Jan 11, 2024, and Jan 17, 2024, respectively.
| IBL Finance IPO | Maxposure IPO | |
|---|---|---|
| Anchor Bid Date | Jan 12, 2024 | |
| Issue Open | Jan 09, 2024 | Jan 15, 2024 |
| Issue Close | Jan 11, 2024 | Jan 17, 2024 |
| Basis Of Allotment (Tentative) | Jan 12, 2024 | Jan 18, 2024 |
| Initiation of Refunds (Tentative) | Jan 15, 2024 | Jan 19, 2024 |
| Credit of Share (Tentative) | Jan 15, 2024 | Jan 19, 2024 |
| Listing date (Tentative) | Jan 16, 2024 | Jan 23, 2024 |
| Anchor Lockin End date 1 | Feb 17, 2024 | |
| Anchor Lockin End date 2 | Apr 17, 2024 |
IBL Finance IPO P/E ratio is 48.08, as compared to Maxposure IPO P/E ratio of 12.42.
| IBL Finance IPO | Maxposure 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.
| Maxposure Limited Financial Information (Restated)Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% between the financial year ending with March 31, 2023 and March 31, 2022.
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| Promoter Shareholding (Pre-Issue) | 85.55 | 84.35 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 62.89 | 61.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 48.08 | 12.42 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹126.13 Cr. | ₹75.05 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 9.41% | 14.39% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 18.88% | 19.55% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.00 | 0.03 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹1.06 | ₹2.66 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 9.41% | 14.20% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the IBL Finance IPO Retail Individual Investors (RII) are offered 31,10,000 shares while in Maxposure IPO retail investors are offered 31,10,000 shares. Qualified Institutional Buyers (QIB) are offered in IBL Finance IPO and 11,40,000 shares in Maxposure IPO.
| IBL Finance IPO | Maxposure IPO | |
|---|---|---|
| Anchor Investor Reserveration | 17,00,000 shares | |
| Market Maker Reserveration | 3,30,000 shares | 3,72,000 shares |
| QIB | 11,40,000 shares | |
| NII | 31,10,000 shares | 8,80,000 shares |
| RII | 31,10,000 shares | 20,48,000 shares |
| Employee | ||
| Others | ||
| Total | 62,20,000 shares | 57,68,000 shares |
IBL Finance IPO subscribed 17.00x in total, whereas Maxposure IPO subscribed 987.47x.
| IBL Finance IPO | Maxposure IPO | |
|---|---|---|
| QIB (times) | 162.35x | |
| NII (times) | 9.94x | 1,947.55x |
| Big NII (times) | ||
| Small NII (times) | ||
| RII (times) | 24.03x | 1,034.23x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 17.00x | 987.47x |
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