Elin Electronics IPO vs KFin Technologies IPO

Comparision between Elin Electronics IPO and KFin Technologies IPO.

IPO Details

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

	Elin Electronics IPO	KFin Technologies 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	ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd Jefferies India Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of KFin Technologies IPO is ₹366.00 per share.

	Elin Electronics IPO	KFin Technologies IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹234.00 per share	₹347.00 per share
Issue Price (Upper)	₹247.00 per share	₹366.00 per share
Issue Price (Final)	₹247.00 per share	₹366.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹175.00 Cr
OFS Issue Size		4,09,83,607 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹1,500.00 Cr
Issue Size Total		4,09,83,607 shares
Issue Size Total (Amount)	up to ₹475.00 Cr	up to ₹1,500.00 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Elin Electronics IPO and KFin Technologies IPO is Dec 22, 2022, and Dec 21, 2022, respectively.

	Elin Electronics IPO	KFin Technologies IPO
Anchor Bid Date	Dec 19, 2022	Dec 16, 2022
Issue Open	Dec 20, 2022	Dec 19, 2022
Issue Close	Dec 22, 2022	Dec 21, 2022
Basis Of Allotment (Tentative)	Dec 27, 2022	Dec 26, 2022
Initiation of Refunds (Tentative)	Dec 28, 2022	Dec 27, 2022
Credit of Share (Tentative)	Dec 29, 2022	Dec 28, 2022
Listing date (Tentative)	Dec 30, 2022	Dec 29, 2022
Anchor Lockin End date 1	Jan 26, 2023	Jan 25, 2023
Anchor Lockin End date 2	Mar 27, 2023	Mar 26, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to KFin Technologies IPO P/E ratio of 35.92.

Elin Electronics IPO

KFin Technologies 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

KFin Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1021.78	164.76	8.96	519.28	406.01
31-Mar-20	868.38	455.26	4.52	409.58	375.44
31-Mar-21	922.61	486.2	-64.51	346.4	346.13
30-Sep-21	973.26	293.43	67.8	269.95	321.44
31-Mar-22	1026.41	645.56	148.55	644.34	122.51
30-Sep-22	1114.81	353.76	85.34	736.72	126.24
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

53.98%

74.37%

Promoter Shareholding (Post-Issue)

32.93%

49.91%

P/E Ratio

29.69

35.92

Market Cap

₹1226.58 Cr.

₹6133.02 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 KFin Technologies IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 1,29,68,300 shares in KFin Technologies IPO.

	Elin Electronics IPO	KFin Technologies IPO
Anchor Investor Reserveration		1,84,42,623 shares
Market Maker Reserveration
QIB	40,59,824 shares	1,29,68,300 shares
NII	30,44,869 shares	64,84,149 shares
RII	71,04,693 shares	43,22,766 shares
Employee	0 shares	0 shares
Others
Total	1,42,09,386 shares	2,37,75,215 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas KFin Technologies IPO subscribed 2.59x.

	Elin Electronics IPO	KFin Technologies IPO
QIB (times)	4.51x	4.17x
NII (times)	3.29x	0.23x
Big NII (times)	2.99x	0.25x
Small NII (times)	3.89x	0.20x
RII (times)	2.20x	1.36x
Employee (times)
Other (times)
Total (times)	3.09x	2.59x

Compare with others

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

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