Adani Enterprises FPO vs Elin Electronics IPO

Comparision between Adani Enterprises FPO and Elin Electronics IPO.

IPO Details

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

	Adani Enterprises FPO	Elin Electronics 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	Axis Capital Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Elin Electronics IPO is up to ₹475.00 Cr. The final issue price of Adani Enterprises FPO is and of Elin Electronics IPO is ₹247.00 per share.

	Adani Enterprises FPO	Elin Electronics IPO
Face Value	₹1 per share	₹5 per share
Issue Price (Lower)	₹3,112.00 per share	₹234.00 per share
Issue Price (Upper)	₹3,276.00 per share	₹247.00 per share
Issue Price (Final)		₹247.00 per share
Discount (Retail)	₹64.00 per share
Discount (Employee)
Market Lot Size	4 shares	60 shares
Fresh Issue Size	6,47,38,475 shares
Fresh Issue Size (Amount)	up to ₹20,000.00 Cr	up to ₹175.00 Cr
OFS Issue Size
OFS Issue Size (Amount)		up to ₹300.00 Cr
Issue Size Total	6,47,38,475 shares
Issue Size Total (Amount)	up to ₹20,000.00 Cr	up to ₹475.00 Cr

IPO Timetable

Adani Enterprises FPO opens on Jan 27, 2023, while Elin Electronics IPO opens on Dec 20, 2022. The closing date of Adani Enterprises FPO and Elin Electronics IPO is Jan 31, 2023, and Dec 22, 2022, respectively.

	Adani Enterprises FPO	Elin Electronics IPO
Anchor Bid Date	Jan 25, 2023	Dec 19, 2022
Issue Open	Jan 27, 2023	Dec 20, 2022
Issue Close	Jan 31, 2023	Dec 22, 2022
Basis Of Allotment (Tentative)	Feb 03, 2023	Dec 27, 2022
Initiation of Refunds (Tentative)	Feb 06, 2023	Dec 28, 2022
Credit of Share (Tentative)	Feb 07, 2023	Dec 29, 2022
Listing date (Tentative)	Feb 08, 2023	Dec 30, 2022
Anchor Lockin End date 1	Mar 05, 2023	Jan 26, 2023
Anchor Lockin End date 2	May 04, 2023	Mar 27, 2023

Financials

Adani Enterprises FPO P/E ratio is , as compared to Elin Electronics IPO P/E ratio of 29.69.

Adani Enterprises FPO

Elin Electronics 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

Elin Electronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	397.73	829.74	29.07	86.64
31-Mar-20	387.63	786.37	27.49	69.89
31-Mar-21	508.31	864.9	34.86	113.77
31-Mar-22	532.61	1094.67	39.15	102.33
30-Sep-22	589.24	604.74	20.67	102.77
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.63%

53.98%

Promoter Shareholding (Post-Issue)

32.93%

P/E Ratio

29.69

Market Cap

₹1226.58 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adani Enterprises FPO retail investors (RII) are offered 2,29,08,464 shares while in Elin Electronics 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 40,59,824 shares in Elin Electronics IPO.

	Adani Enterprises FPO	Elin Electronics IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,28,21,336 shares	40,59,824 shares
NII	96,16,323 shares	30,44,869 shares
RII	2,29,08,464 shares	71,04,693 shares
Employee	1,60,668 shares	0 shares
Others
Total	4,55,06,791 shares	1,42,09,386 shares

Bids Received (Subscription)

Adani Enterprises FPO subscribed 1.12x in total, whereas Elin Electronics IPO subscribed 3.09x.

	Adani Enterprises FPO	Elin Electronics IPO
QIB (times)	1.26x	4.51x
NII (times)	3.32x	3.29x
Big NII (times)	4.97x	2.99x
Small NII (times)	0.02x	3.89x
RII (times)	0.12x	2.20x
Employee (times)	0.55x
Other (times)
Total (times)	1.12x	3.09x

Compare with others

Adani Enterprises FPO	Elin Electronics IPO
Avalon Technologies IPO	Signatureglobal India IPO
Udayshivakumar Infra IPO	Radiant Cash Management IPO
Global Surfaces IPO	KFin Technologies IPO
Divgi TorqTransfer Systems IPO	Abans Holdings IPO
Signatureglobal India IPO	Sah Polymers IPO
Radiant Cash Management IPO	Sula Vineyards IPO
KFin Technologies IPO	Dharmaj Crop Guard IPO
Abans Holdings IPO	Landmark Cars IPO
Sah Polymers IPO	Keystone Realtors IPO
Elin Electronics IPO	Inox Green Energy IPO

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