Adani Enterprises FPO vs Avalon Technologies IPO

Comparision between Adani Enterprises FPO and Avalon Technologies IPO.

IPO Details

Adani Enterprises FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Avalon Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Adani Enterprises FPO	Avalon Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Jefferies India Private Limited SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited Idbi Capital Market Services Limited Jm Financial Limited Iifl Securities Ltd Monarch Networth Capital Ltd Elara Capital (India) Private Limited	Jm Financial Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP		DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Adani Enterprises FPO is up to ₹20,000.00 Cr whereas the issue size of the Avalon Technologies IPO is up to ₹865.00 Cr. The final issue price of Adani Enterprises FPO is and of Avalon Technologies IPO is ₹436.00 per share.

	Adani Enterprises FPO	Avalon Technologies IPO
Face Value	₹1 per share	₹2 per share
Issue Price (Lower)	₹3,112.00 per share	₹415.00 per share
Issue Price (Upper)	₹3,276.00 per share	₹436.00 per share
Issue Price (Final)		₹436.00 per share
Discount (Retail)	₹64.00 per share
Discount (Employee)
Market Lot Size	4 shares	34 shares
Fresh Issue Size	6,47,38,475 shares	73,39,450 shares
Fresh Issue Size (Amount)	up to ₹20,000.00 Cr	up to ₹320.00 Cr
OFS Issue Size		1,25,00,000 shares
OFS Issue Size (Amount)		up to ₹545.00 Cr
Issue Size Total	6,47,38,475 shares	1,98,39,450 shares
Issue Size Total (Amount)	up to ₹20,000.00 Cr	up to ₹865.00 Cr

IPO Timetable

Adani Enterprises FPO opens on Jan 27, 2023, while Avalon Technologies IPO opens on Apr 03, 2023. The closing date of Adani Enterprises FPO and Avalon Technologies IPO is Jan 31, 2023, and Apr 06, 2023, respectively.

	Adani Enterprises FPO	Avalon Technologies IPO
Anchor Bid Date	Jan 25, 2023	Mar 31, 2023
Issue Open	Jan 27, 2023	Apr 03, 2023
Issue Close	Jan 31, 2023	Apr 06, 2023
Basis Of Allotment (Tentative)	Feb 03, 2023	Apr 12, 2023
Initiation of Refunds (Tentative)	Feb 06, 2023	Apr 13, 2023
Credit of Share (Tentative)	Feb 07, 2023	Apr 17, 2023
Listing date (Tentative)	Feb 08, 2023	Apr 18, 2023
Anchor Lockin End date 1	Mar 05, 2023	May 12, 2023
Anchor Lockin End date 2	May 04, 2023	Jul 11, 2023

Financials

Adani Enterprises FPO P/E ratio is , as compared to Avalon Technologies IPO P/E ratio of 55.54.

Adani Enterprises FPO

Avalon Technologies IPO

Financial

Adani Enterprises Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	46898.36	44086.21	1039.99	18209.94	12604.91
31-Mar-21	51642.86	40290.93	1045.76	18910.01	16051.42
30-Sep-21	82324.68	26327.73	460.14	23176.28	32189.62
31-Mar-22	101760.19	70432.69	787.7	26928.37	41023.77
30-Sep-22	123091.28	79507.89	901.04	36176.4	40023.5
Amount in ₹ Crore

Avalon Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	449.65	653.15	12.33	248.48
31-Mar-21	512.48	695.90	23.08	295.33
31-Mar-22	587.96	851.65	68.16	294.05
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.63%

70.75%

Promoter Shareholding (Post-Issue)

51.24%

P/E Ratio

55.54

Market Cap

₹2846.76 Cr.

ROE

85.90%%

ROCE

27.40%%

Debt/Equity

3.64

EPS

RoNW

Shares Offered

In the Adani Enterprises FPO retail investors (RII) are offered 2,29,08,464 shares while in Avalon Technologies IPO retail investors are offered 2,29,08,464 shares. Qualified institutional buyers (QIB) are offered 1,28,21,336 shares in Adani Enterprises FPO and 59,15,011 shares in Avalon Technologies IPO.

	Adani Enterprises FPO	Avalon Technologies IPO
Anchor Investor Reserveration		89,27,751 shares
Market Maker Reserveration
QIB	1,28,21,336 shares	59,15,011 shares
NII	96,16,323 shares	29,75,917 shares
RII	2,29,08,464 shares	19,83,944 shares
Employee	1,60,668 shares	0 shares
Others
Total	4,55,06,791 shares	1,08,44,186 shares

Bids Received (Subscription)

Adani Enterprises FPO subscribed 1.12x in total, whereas Avalon Technologies IPO subscribed 2.34x.

	Adani Enterprises FPO	Avalon Technologies IPO
QIB (times)	1.26x	3.77x
NII (times)	3.32x	0.43x
Big NII (times)	4.97x	0.44x
Small NII (times)	0.02x	0.41x
RII (times)	0.12x	0.88x
Employee (times)	0.55x
Other (times)
Total (times)	1.12x	2.34x

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