Azad Engineering IPO vs Innova Captab IPO

Comparision between Azad Engineering IPO and Innova Captab IPO.

IPO Details

Azad Engineering IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Innova Captab IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Azad Engineering IPO	Innova Captab 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	Axis Capital Limited ICICI Securities Limited SBI Capital Markets Limited Anand Rathi Securities Limited	ICICI Securities Limited Jm Financial Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Azad Engineering IPO is up to ₹740.00 Cr whereas the issue size of the Innova Captab IPO is up to ₹570.00 Cr. The final issue price of Azad Engineering IPO is ₹524.00 per share and of Innova Captab IPO is ₹448.00 per share.

	Azad Engineering IPO	Innova Captab IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹499.00 per share	₹426.00 per share
Issue Price (Upper)	₹524.00 per share	₹448.00 per share
Issue Price (Final)	₹524.00 per share	₹448.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	33 shares
Fresh Issue Size	45,80,153 shares	71,42,857 shares
Fresh Issue Size (Amount)	up to ₹240.00 Cr	up to ₹320.00 Cr
OFS Issue Size	95,41,985 shares	55,80,357 shares
OFS Issue Size (Amount)	up to ₹500.00 Cr	up to ₹250.00 Cr
Issue Size Total	1,41,22,138 shares	1,27,23,214 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹570.00 Cr

IPO Timetable

Azad Engineering IPO opens on Dec 20, 2023, while Innova Captab IPO opens on Dec 21, 2023. The closing date of Azad Engineering IPO and Innova Captab IPO is Dec 22, 2023, and Dec 26, 2023, respectively.

	Azad Engineering IPO	Innova Captab IPO
Anchor Bid Date	Dec 19, 2023	Dec 20, 2023
Issue Open	Dec 20, 2023	Dec 21, 2023
Issue Close	Dec 22, 2023	Dec 26, 2023
Basis Of Allotment (Tentative)	Dec 26, 2023	Dec 27, 2023
Initiation of Refunds (Tentative)	Dec 27, 2023	Dec 28, 2023
Credit of Share (Tentative)	Dec 27, 2023	Dec 28, 2023
Listing date (Tentative)	Dec 28, 2023	Dec 29, 2023
Anchor Lockin End date 1	Jan 25, 2024	Jan 26, 2024
Anchor Lockin End date 2	Mar 25, 2024	Mar 26, 2024

Financials

Azad Engineering IPO P/E ratio is 292.74, as compared to Innova Captab IPO P/E ratio of 31.64.

Azad Engineering IPO

Innova Captab IPO

Financial

Azad Engineering Limited Financial Information (Restated Consolidated)

Azad Engineering Limited's revenue increased by 31.24% and profit after tax (PAT) dropped by -71.24% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	636.63	589.21	404.32	256.05
Revenue	169.54	261.52	199.26	125.03
Profit After Tax	26.89	8.47	29.46	11.50
Net Worth
Reserves and Surplus	221.14	202.51	118.88	89.42
Total Borrowing	324.94	300.60	197.18	87.71
Amount in ₹ Crore

Innova Captab Limited Financial Information (Restated Consolidated)

Innova Captab Limited's revenue increased by 16.45% and profit after tax (PAT) rose by 6.26% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,086.16	704.41	575.48	369.62
Revenue	234.37	935.58	803.41	412.03
Profit After Tax	17.59	67.95	63.95	34.50
Net Worth	294.27	276.46	208.56	144.78
Reserves and Surplus	317.51	228.51	196.61	132.82
Total Borrowing	441.90	235.19	198.18	45.03
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.61%

66.85%

Promoter Shareholding (Post-Issue)

56.38%

P/E Ratio

292.74

31.64

Market Cap

₹3097.52 Cr.

₹2563.70 Cr.

ROE

4.2%%

24.58%%

ROCE

12.99%%

22.61%%

Debt/Equity

1.47

0.85

EPS

₹1.79

₹14.16

RoNW

4.23%%

24.58%%

Shares Offered

In the Azad Engineering IPO retail investors (RII) are offered 49,16,021 shares while in Innova Captab IPO retail investors are offered 49,16,021 shares. Qualified institutional buyers (QIB) are offered 28,09,155 shares in Azad Engineering IPO and 25,44,643 shares in Innova Captab IPO.

	Azad Engineering IPO	Innova Captab IPO
Anchor Investor Reserveration	42,13,731 shares	38,16,963 shares
Market Maker Reserveration
QIB	28,09,155 shares	25,44,643 shares
NII	21,06,866 shares	19,08,482 shares
RII	49,16,021 shares	44,53,125 shares
Employee	0 shares	0 shares
Others
Total	98,32,042 shares	89,06,250 shares

Bids Received (Subscription)

Azad Engineering IPO subscribed 83.04x in total, whereas Innova Captab IPO subscribed 55.26x.

	Azad Engineering IPO	Innova Captab IPO
QIB (times)	179.64x	116.73x
NII (times)	90.24x	64.95x
Big NII (times)	93.30x	71.59x
Small NII (times)	84.12x	51.65x
RII (times)	24.51x	17.15x
Employee (times)
Other (times)
Total (times)	83.04x	55.26x

Compare with others

Azad Engineering IPO	Innova Captab IPO
EPACK Durable IPO	R K SWAMY IPO
Nova AgriTech IPO	EPACK Durable IPO
Medi Assist Healthcare IPO	Nova AgriTech IPO
Jyoti CNC Automation IPO	Medi Assist Healthcare IPO
Innova Captab IPO	Jyoti CNC Automation IPO
Mufti Menswear IPO	Azad Engineering IPO
Inox CVA IPO	Mufti Menswear IPO
Suraj Estate Developers IPO	Inox CVA IPO
RBZ Jewellers IPO	Suraj Estate Developers IPO
Motisons Jewellers IPO	RBZ Jewellers IPO

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