Comparison between IREDA IPO and Muthoot Microfin IPO.
IREDA IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Muthoot Microfin IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of IREDA IPO is up to ₹2,150.21 Cr whereas the issue size of the Muthoot Microfin IPO is up to ₹960.00 Cr. The final issue price of IREDA IPO is ₹32.00 per share and of Muthoot Microfin IPO is ₹291.00 per share.
| IREDA IPO | Muthoot Microfin IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹30.00 per share | ₹277.00 per share |
| Issue Price (Upper) | ₹32.00 per share | ₹291.00 per share |
| Issue Price (Final) | ₹32.00 per share | ₹291.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹0.00 per share | ₹14.00 per share |
| Market Lot Size | 460 shares | 51 shares |
| Fresh Issue Size | 40,31,64,706 shares | 2,61,34,205 shares |
| Fresh Issue Size (Amount) | up to ₹1,290.13 Cr | up to ₹760.11 Cr |
| OFS Issue Size | 26,87,76,471 shares | 68,72,849 shares |
| OFS Issue Size (Amount) | up to ₹860.08 Cr | up to ₹199.89 Cr |
| Issue Size Total | 67,19,41,177 shares | 3,30,07,054 shares |
| Issue Size Total (Amount) | up to ₹2,150.21 Cr | up to ₹960.00 Cr |
IREDA IPO opens on Nov 21, 2023, while Muthoot Microfin IPO opens on Dec 18, 2023. The closing date of IREDA IPO and Muthoot Microfin IPO is Nov 23, 2023, and Dec 20, 2023, respectively.
| IREDA IPO | Muthoot Microfin IPO | |
|---|---|---|
| Anchor Bid Date | Nov 20, 2023 | Dec 15, 2023 |
| Issue Open | Nov 21, 2023 | Dec 18, 2023 |
| Issue Close | Nov 23, 2023 | Dec 20, 2023 |
| Basis Of Allotment (Tentative) | Nov 24, 2023 | Dec 21, 2023 |
| Initiation of Refunds (Tentative) | Nov 25, 2023 | Dec 22, 2023 |
| Credit of Share (Tentative) | Nov 28, 2023 | Dec 22, 2023 |
| Listing date (Tentative) | Nov 29, 2023 | Dec 26, 2023 |
| Anchor Lockin End date 1 | Dec 24, 2023 | Jan 20, 2024 |
| Anchor Lockin End date 2 | Feb 22, 2024 | Mar 20, 2024 |
IREDA IPO P/E ratio is 8.47, as compared to Muthoot Microfin IPO P/E ratio of 24.96.
| IREDA IPO | Muthoot Microfin IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 100 | 69.08 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 75 | 55.47 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.47 | 24.96 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8600.85 Cr. | ₹4960.82 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 15.44% | 11.06% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 6.77 | 3.99 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.78 | ₹11.98 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 15.44% | 10.08% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the IREDA IPO Retail Individual Investors (RII) are offered 23,45,23,015 shares while in Muthoot Microfin IPO retail investors are offered 23,45,23,015 shares. Qualified Institutional Buyers (QIB) are offered 13,40,13,152 shares in IREDA IPO and 65,29,209 shares in Muthoot Microfin IPO.
| IREDA IPO | Muthoot Microfin IPO | |
|---|---|---|
| Anchor Investor Reservation | 20,10,19,726 shares | 97,93,812 shares |
| Market Maker Reservation | ||
| QIB | 13,40,13,152 shares | 65,29,209 shares |
| NII | 10,05,09,864 shares | 48,96,907 shares |
| RII | 23,45,23,015 shares | 1,14,26,116 shares |
| Employee | 18,75,420 shares | 3,61,010 shares |
| Others | ||
| Total | 67,19,41,177 shares | 3,30,07,054 shares |
IREDA IPO subscribed 38.80x in total, whereas Muthoot Microfin IPO subscribed 12.30x.
| IREDA IPO | Muthoot Microfin IPO | |
|---|---|---|
| QIB (times) | 104.57x | 18.35x |
| NII (times) | 24.16x | 13.87x |
| Big NII (times) | 26.99x | 12.96x |
| Small NII (times) | 18.50x | 15.69x |
| RII (times) | 7.73x | 8.00x |
| Employee (times) | 9.80x | |
| Other (times) | ||
| Total (times) | 38.80x | 12.30x |
