Comparison between Radiant Cash Management IPO and Sula Vineyards IPO.
Radiant Cash Management IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Sula Vineyards IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of Radiant Cash Management IPO is up to ₹256.64 Cr whereas the issue size of the Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Radiant Cash Management IPO is ₹94.00 per share and of Sula Vineyards IPO is ₹357.00 per share.
| Radiant Cash Management IPO | Sula Vineyards IPO | |
|---|---|---|
| Face Value | ₹1 per share | ₹2 per share |
| Issue Price (Lower) | ₹94.00 per share | ₹340.00 per share |
| Issue Price (Upper) | ₹99.00 per share | ₹357.00 per share |
| Issue Price (Final) | ₹94.00 per share | ₹357.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ||
| Market Lot Size | 150 shares | 42 shares |
| Fresh Issue Size | 54,54,546 shares | 0 shares |
| Fresh Issue Size (Amount) | up to ₹52.47 Cr | up to ₹0.00 Cr |
| OFS Issue Size | 2,12,22,431 shares | 2,69,00,530 shares |
| OFS Issue Size (Amount) | up to ₹204.17 Cr | up to ₹960.35 Cr |
| Issue Size Total | 2,66,76,977 shares | 2,69,00,530 shares |
| Issue Size Total (Amount) | up to ₹256.64 Cr | up to ₹960.35 Cr |
Radiant Cash Management IPO opens on Dec 23, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Radiant Cash Management IPO and Sula Vineyards IPO is Dec 27, 2022, and Dec 14, 2022, respectively.
| Radiant Cash Management IPO | Sula Vineyards IPO | |
|---|---|---|
| Anchor Bid Date | Dec 22, 2022 | Dec 09, 2022 |
| Issue Open | Dec 23, 2022 | Dec 12, 2022 |
| Issue Close | Dec 27, 2022 | Dec 14, 2022 |
| Basis Of Allotment (Tentative) | Dec 30, 2022 | Dec 19, 2022 |
| Initiation of Refunds (Tentative) | Jan 02, 2023 | Dec 20, 2022 |
| Credit of Share (Tentative) | Jan 03, 2023 | Dec 21, 2022 |
| Listing date (Tentative) | Jan 04, 2023 | Dec 22, 2022 |
| Anchor Lockin End date 1 | Jan 29, 2023 | Jan 18, 2023 |
| Anchor Lockin End date 2 | Mar 30, 2023 | Mar 19, 2023 |
Radiant Cash Management IPO P/E ratio is 17.34, as compared to Sula Vineyards IPO P/E ratio of 49.24.
| Radiant Cash Management IPO | Sula Vineyards IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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| Financials | Company Financials (Restated Consolidated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 66.39 | 28.44 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 53.21 | 27.33 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 17.34 | 49.24 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹1062.41 Cr. | ₹3005.90 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 27.34 | 13.19 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | 33.07 | 20.86 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | 0.21 | 0.58 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹3.77 | ₹6.53 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 27.34 | 11.45 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the Radiant Cash Management IPO Retail Individual Investors (RII) are offered 93,36,942 shares while in Sula Vineyards IPO retail investors are offered 93,36,942 shares. Qualified Institutional Buyers (QIB) are offered 15,82,807 shares in Radiant Cash Management IPO and 53,80,106 shares in Sula Vineyards IPO.
| Radiant Cash Management IPO | Sula Vineyards IPO | |
|---|---|---|
| Anchor Investor Reservation | 1,17,55,681 shares | 80,70,158 shares |
| Market Maker Reservation | ||
| QIB | 15,82,807 shares | 53,80,106 shares |
| NII | 40,01,547 shares | 40,35,080 shares |
| RII | 93,36,942 shares | 94,15,186 shares |
| Employee | ||
| Others | ||
| Total | 2,66,76,977 shares | 2,69,00,530 shares |
Radiant Cash Management IPO subscribed 0.53x in total, whereas Sula Vineyards IPO subscribed 2.33x.
| Radiant Cash Management IPO | Sula Vineyards IPO | |
|---|---|---|
| QIB (times) | 1.01x | 4.13x |
| NII (times) | 0.66x | 1.51x |
| Big NII (times) | 0.94x | 1.69x |
| Small NII (times) | 0.09x | 1.15x |
| RII (times) | 0.21x | 1.65x |
| Employee (times) | ||
| Other (times) | ||
| Total (times) | 0.53x | 2.33x |
