Indegene IPO vs Vodafone Idea FPO

Comparison between Indegene IPO and Vodafone Idea FPO.

IPO Details

Indegene IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Vodafone Idea FPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Indegene IPO is up to ₹1,841.76 Cr whereas the issue size of the Vodafone Idea FPO is up to ₹18,000.00 Cr. The final issue price of Indegene IPO is ₹452.00 per share and of Vodafone Idea FPO is ₹11.00 per share.

 Indegene IPOVodafone Idea FPO
Face Value₹2 per share₹10 per share
Issue Price (Lower)₹430.00 per share₹10.00 per share
Issue Price (Upper)₹452.00 per share₹11.00 per share
Issue Price (Final)₹452.00 per share₹11.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹30.00 per share
Market Lot Size33 shares1298 shares
Fresh Issue Size1,68,33,818 shares16,36,36,36,363 shares
Fresh Issue Size (Amount)up to ₹760.52 Crup to ₹18,000.00 Cr
OFS Issue Size2,39,32,732 shares0 shares
OFS Issue Size (Amount)up to ₹1,081.24 Crup to ₹0.00 Cr
Issue Size Total4,07,66,550 shares16,36,36,36,363 shares
Issue Size Total (Amount)up to ₹1,841.76 Crup to ₹18,000.00 Cr

IPO Timetable

Indegene IPO opens on May 06, 2024, while Vodafone Idea FPO opens on Apr 18, 2024. The closing date of Indegene IPO and Vodafone Idea FPO is May 08, 2024, and Apr 22, 2024, respectively.

 Indegene IPOVodafone Idea FPO
Anchor Bid DateMay 03, 2024Apr 16, 2024
Issue OpenMay 06, 2024Apr 18, 2024
Issue CloseMay 08, 2024Apr 22, 2024
Basis Of Allotment (Tentative)May 09, 2024Apr 23, 2024
Initiation of Refunds (Tentative)May 10, 2024Apr 24, 2024
Credit of Share (Tentative)May 10, 2024Apr 24, 2024
Listing date (Tentative)May 13, 2024Apr 25, 2024
Anchor Lockin End date 1Jun 08, 2024May 23, 2024
Anchor Lockin End date 2Aug 07, 2024Jul 22, 2024

Financials & KPIs

Indegene IPO P/E ratio is 37.78, as compared to Vodafone Idea FPO P/E ratio of -1.88.

 Indegene IPOVodafone Idea FPO
Financials

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,518.152,203.871,353.47596.04
Total Income1,969.752,364.101,690.50996.92
Profit After Tax241.90266.10162.82149.41
NET Worth1,327.001,063.72763.90324.51
Reserves and Surplus1,282.651,019.43763.55324.19
Total Borrowing399.33394.3418.2424.76
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,90,801.802,07,242.701,94,029.102,03,480.60
Total Income32,125.6042,488.5038,644.9042,126.40
Profit After Tax-23,563.80-29,301.10-28,245.40-44,233.10
NET Worth-97,931.90-74,359.10-61,964.80-38,228.00
Reserves and Surplus-1,46,611.60-1,23,038.80-94,083.60
Total Borrowing2,03,425.702,01,586.001,90,917.701,80,310.30
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)30.7148.75
Promoter Shareholding (Post-Issue)36.87
P/E Ratio37.78-1.88
Market Cap₹10814.07 Cr.₹73131.80 Cr.
ROE
ROCE
Debt/Equity0.30
EPS₹11.96₹-5.85
RoNW18.23%

Shares Offered

In the Indegene IPO Retail Individual Investors (RII) are offered 1,41,64,620 shares while in Vodafone Idea FPO retail investors are offered 1,41,64,620 shares. Qualified Institutional Buyers (QIB) are offered 80,94,068 shares in Indegene IPO and 3,27,27,27,272 shares in Vodafone Idea FPO.

 Indegene IPOVodafone Idea FPO
Anchor Investor Reservation1,21,41,102 shares4,90,90,90,908 shares
Market Maker Reservation
QIB80,94,068 shares3,27,27,27,272 shares
NII60,70,552 shares2,45,45,45,455 shares
RII1,41,64,620 shares5,72,72,72,728 shares
Employee2,96,208 shares
Others
Total4,07,66,550 shares16,36,36,36,363 shares

Bids Received (Subscription)

Indegene IPO subscribed 70.30x in total, whereas Vodafone Idea FPO subscribed 6.99x.

 Indegene IPOVodafone Idea FPO
QIB (times)192.72x19.31x
NII (times)55.91x4.54x
Big NII (times)62.23x6.04x
Small NII (times)43.26x1.55x
RII (times)7.86x1.01x
Employee (times)6.62x
Other (times)
Total (times)70.30x6.99x

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Indegene IPO Vs Vodafone Idea FPO