Nisus Finance IPO vs Rajesh Power IPO

Comparison between Nisus Finance IPO and Rajesh Power IPO.

IPO Details

Nisus Finance IPO is a SME Bookbuilding IPO proposed to list at BSE SME while Rajesh Power IPO is a SME Bookbuilding proposed to list at BSE SME.

Issue Size and Price

The total issue size of Nisus Finance IPO is up to ₹107.91 Cr whereas the issue size of the Rajesh Power IPO is up to ₹152.29 Cr. The final issue price of Nisus Finance IPO is ₹180.00 per share and of Rajesh Power IPO is ₹335.00 per share.

 Nisus Finance IPORajesh Power IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹170.00 per share₹319.00 per share
Issue Price (Upper)₹180.00 per share₹335.00 per share
Issue Price (Final)₹180.00 per share₹335.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹0.00 per share
Market Lot Size800 shares400 shares
Fresh Issue Size52,94,400 shares25,46,000 shares
Fresh Issue Size (Amount)up to ₹95.30 Crup to ₹85.29 Cr
OFS Issue Size7,00,800 shares20,00,000 shares
OFS Issue Size (Amount)up to ₹12.61 Crup to ₹67.00 Cr
Issue Size Total59,95,200 shares45,46,000 shares
Issue Size Total (Amount)up to ₹107.91 Crup to ₹152.29 Cr

IPO Timetable

Nisus Finance IPO opens on Dec 04, 2024, while Rajesh Power IPO opens on Nov 25, 2024. The closing date of Nisus Finance IPO and Rajesh Power IPO is Dec 06, 2024, and Nov 27, 2024, respectively.

 Nisus Finance IPORajesh Power IPO
Anchor Bid DateDec 03, 2024Nov 22, 2024
Issue OpenDec 04, 2024Nov 25, 2024
Issue CloseDec 06, 2024Nov 27, 2024
Basis Of Allotment (Tentative)Dec 09, 2024Nov 28, 2024
Initiation of Refunds (Tentative)Dec 10, 2024Nov 29, 2024
Credit of Share (Tentative)Dec 10, 2024Nov 29, 2024
Listing date (Tentative)Dec 11, 2024Dec 02, 2024
Anchor Lockin End date 1Jan 08, 2025Dec 28, 2024
Anchor Lockin End date 2Mar 09, 2025Feb 26, 2025

Financials & KPIs

Nisus Finance IPO P/E ratio is 14.24, as compared to Rajesh Power IPO P/E ratio of 19.59.

 Nisus Finance IPORajesh Power IPO
Financials

Company Financials (Restated Consolidated)

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets58.3649.0331.0620.77
Total Income15.0142.2511.547.50
Profit After Tax8.3623.053.021.29
NET Worth38.7731.309.396.39
Reserves and Surplus22.3631.198.325.32
Total Borrowing6.647.2718.1410.42
Amount in ₹ Crore

Company Financials (Restated Standalone)

Period Ended30 Sep 202431 Mar 202431 Mar 202331 Mar 2022
Assets338.22240.39198.23175.63
Total Income317.85295.06211.18149.37
Profit After Tax27.6826.026.753.45
NET Worth111.2284.3058.6652.29
Reserves and Surplus96.0069.0843.4437.07
Total Borrowing79.7377.6759.7162.43
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)99.74100
Promoter Shareholding (Post-Issue)73.2273.4
P/E Ratio14.2419.59
Market Cap₹429.81 Cr.₹603.25 Cr.
ROE109.8324.89
ROCE101.6325.61
Debt/Equity0.230.92
EPS₹12.64₹17.10
RoNW73.0925.47

Shares Offered

In the Nisus Finance IPO Retail Individual Investors (RII) are offered 20,91,200 shares while in Rajesh Power IPO retail investors are offered 20,91,200 shares. Qualified Institutional Buyers (QIB) are offered 11,94,400 shares in Nisus Finance IPO and 9,13,600 shares in Rajesh Power IPO.

 Nisus Finance IPORajesh Power IPO
Anchor Investor Reservation17,89,600 shares13,36,400 shares
Market Maker Reservation3,51,200 shares2,44,000 shares
QIB11,94,400 shares9,13,600 shares
NII8,96,000 shares6,91,200 shares
RII20,91,200 shares16,04,800 shares
Employee24,000 shares
Others
Total59,95,200 shares45,46,000 shares

Bids Received (Subscription)

Nisus Finance IPO subscribed 134.89x in total, whereas Rajesh Power IPO subscribed 41.66x.

 Nisus Finance IPORajesh Power IPO
QIB (times)93.84x46.39x
NII (times)451.21x138.46x
Big NII (times)
Small NII (times)
RII (times)139.78x31.96x
Employee (times)0.90x
Other (times)
Total (times)134.89x41.66x

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