Elin Electronics IPO vs Keystone Realtors IPO

Comparision between Elin Electronics IPO and Keystone Realtors IPO.

IPO Details

Elin Electronics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Keystone Realtors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Elin Electronics IPO	Keystone Realtors 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	Axis Capital Limited Credit Suisse Securities (India) Private 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 Keystone Realtors IPO is up to ₹635.00 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Keystone Realtors IPO is ₹541.00 per share.

	Elin Electronics IPO	Keystone Realtors IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹234.00 per share	₹514.00 per share
Issue Price (Upper)	₹247.00 per share	₹541.00 per share
Issue Price (Final)	₹247.00 per share	₹541.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	27 shares
Fresh Issue Size		1,03,51,201 shares
Fresh Issue Size (Amount)	up to ₹175.00 Cr	up to ₹560.00 Cr
OFS Issue Size		13,86,322 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹75.00 Cr
Issue Size Total		1,17,37,523 shares
Issue Size Total (Amount)	up to ₹475.00 Cr	up to ₹635.00 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Keystone Realtors IPO opens on Nov 14, 2022. The closing date of Elin Electronics IPO and Keystone Realtors IPO is Dec 22, 2022, and Nov 16, 2022, respectively.

	Elin Electronics IPO	Keystone Realtors IPO
Anchor Bid Date	Dec 19, 2022
Issue Open	Dec 20, 2022	Nov 14, 2022
Issue Close	Dec 22, 2022	Nov 16, 2022
Basis Of Allotment (Tentative)	Dec 27, 2022	Nov 21, 2022
Initiation of Refunds (Tentative)	Dec 28, 2022	Nov 22, 2022
Credit of Share (Tentative)	Dec 29, 2022	Nov 23, 2022
Listing date (Tentative)	Dec 30, 2022	Nov 24, 2022
Anchor Lockin End date 1	Jan 26, 2023	Dec 21, 2022
Anchor Lockin End date 2	Mar 27, 2023	Feb 19, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to Keystone Realtors IPO P/E ratio of 365.54.

Elin Electronics IPO

Keystone Realtors 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

Keystone Realtors Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	4153.07	2142.65	137.74	1372.4
31-Mar-20	4415.31	1268.6	14.49	1220.26
31-Mar-21	3654.1	1177.27	231.82	2513.9
30-Jun-21	3676.24	91.4	-0.97	1145.56
31-Mar-22	3876.84	1302.97	135.83	1557.96
30-Jun-22	3910.15	176	4.22	1468.83
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

53.98%

96.71%

Promoter Shareholding (Post-Issue)

32.93%

87.92%

P/E Ratio

29.69

365.54

Market Cap

₹1226.58 Cr.

₹6160.77 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 Keystone Realtors IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 24,70,816 shares in Keystone Realtors IPO.

	Elin Electronics IPO	Keystone Realtors IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	40,59,824 shares	24,70,816 shares
NII	30,44,869 shares	18,53,113 shares
RII	71,04,693 shares	43,23,929 shares
Employee	0 shares	0 shares
Others
Total	1,42,09,386 shares	86,47,858 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Keystone Realtors IPO subscribed 2.01x.

	Elin Electronics IPO	Keystone Realtors IPO
QIB (times)	4.51x	3.84x
NII (times)	3.29x	3.03x
Big NII (times)	2.99x	3.78x
Small NII (times)	3.89x	1.53x
RII (times)	2.20x	0.53x
Employee (times)
Other (times)
Total (times)	3.09x	2.01x

Compare with others

Elin Electronics IPO	Keystone Realtors IPO
Signatureglobal India IPO	Sah Polymers IPO
Radiant Cash Management IPO	Elin Electronics IPO
KFin Technologies IPO	Sula Vineyards IPO
Abans Holdings IPO	Dharmaj Crop Guard IPO
Sah Polymers IPO	Landmark Cars IPO
Sula Vineyards IPO	Inox Green Energy IPO
Dharmaj Crop Guard IPO	Archean Chemical IPO
Landmark Cars IPO	Bikaji Foods IPO
Keystone Realtors IPO	Fusion Micro Finance IPO
Inox Green Energy IPO	Global Health IPO

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