Elin Electronics IPO vs Inox Green Energy IPO

Comparision between Elin Electronics IPO and Inox Green Energy IPO.

IPO Details

Elin Electronics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Inox Green Energy IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Elin Electronics IPO	Inox Green Energy 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 Jm Financial Limited	Edelweiss Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private Limited Idbi Capital Market Services Limited Systematix Corporate Services Limited
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 Elin Electronics IPO is up to ₹475.00 Cr whereas the issue size of the Inox Green Energy IPO is up to ₹740.00 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Inox Green Energy IPO is ₹65.00 per share.

	Elin Electronics IPO	Inox Green Energy IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹234.00 per share	₹61.00 per share
Issue Price (Upper)	₹247.00 per share	₹65.00 per share
Issue Price (Final)	₹247.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	230 shares
Fresh Issue Size		5,69,23,077 shares
Fresh Issue Size (Amount)	up to ₹175.00 Cr	up to ₹370.00 Cr
OFS Issue Size		5,69,23,077 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹370.00 Cr
Issue Size Total		11,38,46,154 shares
Issue Size Total (Amount)	up to ₹475.00 Cr	up to ₹740.00 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Inox Green Energy IPO opens on Nov 11, 2022. The closing date of Elin Electronics IPO and Inox Green Energy IPO is Dec 22, 2022, and Nov 15, 2022, respectively.

	Elin Electronics IPO	Inox Green Energy IPO
Anchor Bid Date	Dec 19, 2022
Issue Open	Dec 20, 2022	Nov 11, 2022
Issue Close	Dec 22, 2022	Nov 15, 2022
Basis Of Allotment (Tentative)	Dec 27, 2022	Nov 18, 2022
Initiation of Refunds (Tentative)	Dec 28, 2022	Nov 21, 2022
Credit of Share (Tentative)	Dec 29, 2022	Nov 22, 2022
Listing date (Tentative)	Dec 30, 2022	Nov 23, 2022
Anchor Lockin End date 1	Jan 26, 2023	Dec 18, 2022
Anchor Lockin End date 2	Mar 27, 2023	Feb 16, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to Inox Green Energy IPO P/E ratio of -327.

Elin Electronics IPO

Inox Green Energy IPO

Financial

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

Inox Green Energy Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2339.86	172.16	1.68	96.54	1084.92
31-Mar-21	2692.8	186.29	-27.73	42.96	1411.02
31-Mar-22	2120.65	190.23	-4.95	806.63	904.17
30-Jun-22	2127.74	63.16	-11.58	795	909.92
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

53.98%

93.84%

Promoter Shareholding (Post-Issue)

32.93%

56.04%

P/E Ratio

29.69

-327

Market Cap

₹1226.58 Cr.

₹1897.61 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Elin Electronics IPO retail investors (RII) are offered 71,04,693 shares while in Inox Green Energy IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 3,63,93,442 shares in Inox Green Energy IPO.

	Elin Electronics IPO	Inox Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	40,59,824 shares	3,63,93,442 shares
NII	30,44,869 shares	1,81,96,721 shares
RII	71,04,693 shares	1,21,31,147 shares
Employee	0 shares	0 shares
Others
Total	1,42,09,386 shares	6,67,21,310 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Inox Green Energy IPO subscribed 1.55x.

	Elin Electronics IPO	Inox Green Energy IPO
QIB (times)	4.51x	1.05x
NII (times)	3.29x	0.47x
Big NII (times)	2.99x	0.39x
Small NII (times)	3.89x	0.64x
RII (times)	2.20x	4.70x
Employee (times)
Other (times)
Total (times)	3.09x	1.55x

Compare with others

Elin Electronics IPO	Inox Green Energy IPO
Signatureglobal India IPO	Elin Electronics 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
Sula Vineyards IPO	Archean Chemical IPO
Dharmaj Crop Guard IPO	Bikaji Foods IPO
Landmark Cars IPO	Fusion Micro Finance IPO
Keystone Realtors IPO	Global Health IPO
Inox Green Energy IPO	Five Star Business Finance IPO

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