Aadhar Housing Finance IPO vs Indegene IPO

Comparision between Aadhar Housing Finance IPO and Indegene IPO.

IPO Details

Aadhar Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Indegene IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aadhar Housing Finance IPO	Indegene IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aadhar Housing Finance IPO is up to ₹3,000.00 Cr whereas the issue size of the Indegene IPO is up to ₹1,841.76 Cr. The final issue price of Aadhar Housing Finance IPO is ₹315.00 per share and of Indegene IPO is ₹452.00 per share.

	Aadhar Housing Finance IPO	Indegene IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹300.00 per share	₹430.00 per share
Issue Price (Upper)	₹315.00 per share	₹452.00 per share
Issue Price (Final)	₹315.00 per share	₹452.00 per share
Discount (Retail)
Discount (Employee)	₹23.00 per share	₹30.00 per share
Market Lot Size	47 shares	33 shares
Fresh Issue Size	3,17,46,032 shares	1,68,14,159 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹760.00 Cr
OFS Issue Size	6,34,92,063 shares	2,39,32,732 shares
OFS Issue Size (Amount)	up to ₹2,000.00 Cr	up to ₹1,081.76 Cr
Issue Size Total	9,52,38,095 shares	4,07,46,891 shares
Issue Size Total (Amount)	up to ₹3,000.00 Cr	up to ₹1,841.76 Cr

IPO Timetable

Aadhar Housing Finance IPO opens on May 08, 2024, while Indegene IPO opens on May 06, 2024. The closing date of Aadhar Housing Finance IPO and Indegene IPO is May 10, 2024, and May 08, 2024, respectively.

	Aadhar Housing Finance IPO	Indegene IPO
Anchor Bid Date	May 07, 2024	May 03, 2024
Issue Open	May 08, 2024	May 06, 2024
Issue Close	May 10, 2024	May 08, 2024
Basis Of Allotment (Tentative)	May 13, 2024	May 09, 2024
Initiation of Refunds (Tentative)	May 14, 2024	May 10, 2024
Credit of Share (Tentative)	May 14, 2024	May 10, 2024
Listing date (Tentative)	May 15, 2024	May 13, 2024
Anchor Lockin End date 1	Jun 12, 2024	Jun 08, 2024
Anchor Lockin End date 2	Aug 11, 2024	Aug 07, 2024

Financials

Aadhar Housing Finance IPO P/E ratio is 22.8, as compared to Indegene IPO P/E ratio of 37.78.

Aadhar Housing Finance IPO

Indegene IPO

Financial

Aadhar Housing Finance Limited Financial Information (Restated Consolidated)

Aadhar Housing Finance Limited's revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	18,035.57	16,617.87	14,375.81	13,630.33
Revenue	1,895.17	2,043.52	1,728.56	1,575.55
Profit After Tax	547.88	545.34	446.20	340.46
Net Worth	4,249.10	3,697.60	3,146.63	2,692.76
Total Borrowing	13,127.59	12,153.45	10,674.59	10,374.47
Amount in ₹ Crore

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,518.15	2,203.87	1,353.47	596.04
Revenue	1,969.75	2,364.10	1,690.50	996.92
Profit After Tax	241.90	266.10	162.82	149.41
Net Worth	1,327.00	1,063.72	763.90	324.51
Reserves and Surplus	1,282.65	1,019.43	763.55	324.19
Total Borrowing	399.33	394.34	18.24	24.76
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.72%

30.71%

Promoter Shareholding (Post-Issue)

P/E Ratio

22.8

37.78

Market Cap

₹13434.78 Cr.

₹10814.07 Cr.

ROE

18.4%%

ROCE

Debt/Equity

3.1

0.3

EPS

₹13.81

₹11.96

RoNW

12.9%%

18.23%%

Shares Offered

In the Aadhar Housing Finance IPO retail investors (RII) are offered 3,32,55,556 shares while in Indegene IPO retail investors are offered 3,32,55,556 shares. Qualified institutional buyers (QIB) are offered 1,90,03,176 shares in Aadhar Housing Finance IPO and 80,94,069 shares in Indegene IPO.

	Aadhar Housing Finance IPO	Indegene IPO
Anchor Investor Reserveration	2,85,04,761 shares	1,21,41,102 shares
Market Maker Reserveration
QIB	1,90,03,176 shares	80,94,069 shares
NII	1,42,52,381 shares	60,70,552 shares
RII	3,32,55,556 shares	1,41,64,620 shares
Employee	2,39,726 shares	2,96,209 shares
Others
Total	6,67,50,839 shares	2,86,25,450 shares

Bids Received (Subscription)

Aadhar Housing Finance IPO subscribed 26.76x in total, whereas Indegene IPO subscribed 70.30x.

	Aadhar Housing Finance IPO	Indegene IPO
QIB (times)	76.42x	192.72x
NII (times)	17.33x	55.91x
Big NII (times)	18.90x	62.23x
Small NII (times)	14.19x	43.26x
RII (times)	2.58x	7.86x
Employee (times)	6.88x	6.62x
Other (times)
Total (times)	26.76x	70.30x

Compare with others

Aadhar Housing Finance IPO	Indegene IPO
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Indegene IPO	TBO Tek IPO
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VI FPO	VI FPO
Bharti Hexacom IPO	Bharti Hexacom IPO
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