Comparison between Happy Forgings IPO and RBZ Jewellers IPO.
Happy Forgings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while RBZ Jewellers IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.
| Happy Forgings IPO | RBZ Jewellers IPO | |
|---|---|---|
| Face Value | ₹2 per share | ₹10 per share |
| Issue Price (Lower) | ₹808.00 per share | ₹95.00 per share |
| Issue Price (Upper) | ₹850.00 per share | ₹100.00 per share |
| Issue Price (Final) | ₹850.00 per share | ₹100.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 17 shares | 150 shares |
| Fresh Issue Size | 47,05,882 shares | 1,00,00,000 shares |
| Fresh Issue Size (Amount) | up to ₹400.00 Cr | up to ₹100.00 Cr |
| OFS Issue Size | 71,59,920 shares | 0 shares |
| OFS Issue Size (Amount) | up to ₹608.59 Cr | up to ₹0.00 Cr |
| Issue Size Total | 1,18,65,802 shares | 1,00,00,000 shares |
| Issue Size Total (Amount) | up to ₹1,008.59 Cr | up to ₹100.00 Cr |
Happy Forgings IPO opens on Dec 19, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Happy Forgings IPO and RBZ Jewellers IPO is Dec 21, 2023, and Dec 21, 2023, respectively.
| Happy Forgings IPO | RBZ Jewellers IPO | |
|---|---|---|
| Anchor Bid Date | Dec 18, 2023 | Dec 18, 2023 |
| Issue Open | Dec 19, 2023 | Dec 19, 2023 |
| Issue Close | Dec 21, 2023 | Dec 21, 2023 |
| Basis Of Allotment (Tentative) | Dec 22, 2023 | Dec 22, 2023 |
| Initiation of Refunds (Tentative) | Dec 26, 2023 | Dec 26, 2023 |
| Credit of Share (Tentative) | Dec 26, 2023 | Dec 26, 2023 |
| Listing date (Tentative) | Dec 27, 2023 | Dec 27, 2023 |
| Anchor Lockin End date 1 | Jan 21, 2024 | Jan 21, 2024 |
| Anchor Lockin End date 2 | Mar 21, 2024 | Mar 21, 2024 |
Happy Forgings IPO P/E ratio is 36.45, as compared to RBZ Jewellers IPO P/E ratio of 13.77.
| Happy Forgings IPO | RBZ Jewellers IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated Standalone)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 88.24 | 100 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 78.60 | 75 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 36.45 | 13.77 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹8007.42 Cr. | ₹400.00 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 21.12% | 27.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 24.24% | 27.49% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 1.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹23.32 | ₹7.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 21.12% | 20.08% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Happy Forgings IPO Retail Individual Investors (RII) are offered 41,53,031 shares while in RBZ Jewellers IPO retail investors are offered 41,53,031 shares. Qualified Institutional Buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 14,00,000 shares in RBZ Jewellers IPO.
| Happy Forgings IPO | RBZ Jewellers IPO | |
|---|---|---|
| Anchor Investor Reservation | 35,59,740 shares | 21,00,000 shares |
| Market Maker Reservation | ||
| QIB | 23,73,160 shares | 14,00,000 shares |
| NII | 17,79,871 shares | 30,00,000 shares |
| RII | 41,53,031 shares | 35,00,000 shares |
| Employee | ||
| Others | ||
| Total | 1,18,65,802 shares | 1,00,00,000 shares |
Happy Forgings IPO subscribed 82.63x in total, whereas RBZ Jewellers IPO subscribed 16.86x.
| Happy Forgings IPO | RBZ Jewellers IPO | |
|---|---|---|
| QIB (times) | 214.65x | 13.43x |
| NII (times) | 63.45x | 9.27x |
| Big NII (times) | 69.87x | 6.79x |
| Small NII (times) | 50.61x | 14.21x |
| RII (times) | 15.40x | 24.74x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 82.63x | 16.86x |
