Comparison between Credo Brands Marketing IPO and Suraj Estate Developers IPO.
Credo Brands Marketing IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Credo Brands Marketing IPO is up to ₹549.78 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Credo Brands Marketing IPO is ₹280.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.
| Credo Brands Marketing IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹5 per share |
| Issue Price (Lower) | ₹266.00 per share | ₹340.00 per share |
| Issue Price (Upper) | ₹280.00 per share | ₹360.00 per share |
| Issue Price (Final) | ₹280.00 per share | ₹360.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 53 shares | 41 shares |
| Fresh Issue Size | 0 shares | 1,11,11,111 shares |
| Fresh Issue Size (Amount) | up to ₹0.00 Cr | up to ₹400.00 Cr |
| OFS Issue Size | 1,96,34,960 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹549.78 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,96,34,960 shares | 1,11,11,111 shares |
| Issue Size Total (Amount) | up to ₹549.78 Cr | up to ₹400.00 Cr |
Credo Brands Marketing IPO opens on Dec 19, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Credo Brands Marketing IPO and Suraj Estate Developers IPO is Dec 21, 2023, and Dec 20, 2023, respectively.
| Credo Brands Marketing IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | Dec 15, 2023 |
| Issue Open | Dec 19, 2023 | Dec 18, 2023 |
| Issue Close | Dec 21, 2023 | Dec 20, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 21, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 22, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 22, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 26, 2023 |
| Anchor Lockin End date 1 | Jan 21, 2024 | Jan 20, 2024 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Mar 20, 2024 |
Credo Brands Marketing IPO P/E ratio is 23.22, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.
| Credo Brands Marketing IPO | Suraj Estate Developers IPO | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated Consolidated)
| |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 66.66 | 100 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 53.66 | 74.95 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 23.22 | 35.64 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1800.45 Cr. | ₹1597.00 Cr. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 29.98% | 58.18% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 28.16% | 21.93% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.65 | 8.31 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹0.54 | ₹10.10 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 29.98% | 58.18% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Credo Brands Marketing IPO Retail Individual Investors (RII) are offered 68,72,236 shares while in Suraj Estate Developers IPO retail investors are offered 68,72,236 shares. Qualified Institutional Buyers (QIB) are offered 39,26,992 shares in Credo Brands Marketing IPO and 22,22,222 shares in Suraj Estate Developers IPO.
| Credo Brands Marketing IPO | Suraj Estate Developers IPO | |
|---|---|---|
| Anchor Investor Reservation | 58,90,488 shares | 33,33,333 shares |
| Market Maker Reservation | ||
| QIB | 39,26,992 shares | 22,22,222 shares |
| NII | 29,45,244 shares | 16,66,667 shares |
| RII | 68,72,236 shares | 38,88,889 shares |
| Employee | ||
| Others | ||
| Total | 1,96,34,960 shares | 1,11,11,111 shares |
Credo Brands Marketing IPO subscribed 51.85x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.
| Credo Brands Marketing IPO | Suraj Estate Developers IPO | |
|---|---|---|
| QIB (times) | 104.95x | 25.74x |
| NII (times) | 55.52x | 20.02x |
| Big NII (times) | 55.73x | 18.37x |
| Small NII (times) | 55.10x | 23.31x |
| RII (times) | 19.94x | 9.85x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 51.85x | 16.57x |
