Elin Electronics IPO vs Landmark Cars IPO

Comparision between Elin Electronics IPO and Landmark Cars IPO.

IPO Details

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

	Elin Electronics IPO	Landmark Cars 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 ICICI Securities 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 Landmark Cars IPO is up to ₹552.00 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Landmark Cars IPO is ₹506.00 per share.

	Elin Electronics IPO	Landmark Cars IPO
Face Value	₹5 per share	₹5 per share
Issue Price (Lower)	₹234.00 per share	₹481.00 per share
Issue Price (Upper)	₹247.00 per share	₹506.00 per share
Issue Price (Final)	₹247.00 per share	₹506.00 per share
Discount (Retail)
Discount (Employee)		₹48.00 per share
Market Lot Size	60 shares	29 shares
Fresh Issue Size		29,64,427 shares
Fresh Issue Size (Amount)	up to ₹175.00 Cr	up to ₹150.00 Cr
OFS Issue Size		79,44,664 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹402.00 Cr
Issue Size Total		1,09,09,091 shares
Issue Size Total (Amount)	up to ₹475.00 Cr	up to ₹552.00 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Landmark Cars IPO opens on Dec 13, 2022. The closing date of Elin Electronics IPO and Landmark Cars IPO is Dec 22, 2022, and Dec 15, 2022, respectively.

	Elin Electronics IPO	Landmark Cars IPO
Anchor Bid Date	Dec 19, 2022	Dec 12, 2022
Issue Open	Dec 20, 2022	Dec 13, 2022
Issue Close	Dec 22, 2022	Dec 15, 2022
Basis Of Allotment (Tentative)	Dec 27, 2022	Dec 20, 2022
Initiation of Refunds (Tentative)	Dec 28, 2022	Dec 21, 2022
Credit of Share (Tentative)	Dec 29, 2022	Dec 22, 2022
Listing date (Tentative)	Dec 30, 2022	Dec 23, 2022
Anchor Lockin End date 1	Jan 26, 2023	Jan 19, 2023
Anchor Lockin End date 2	Mar 27, 2023	Mar 20, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to Landmark Cars IPO P/E ratio of 27.61.

Elin Electronics IPO

Landmark Cars 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

Landmark Cars Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1008.03	2834.62	-24.43	187.96	478.78
31-Mar-20	831.77	2228.93	-28.94	169.12	357.91
31-Mar-21	887.9	1966.34	11.15	181.78	327.44
31-Mar-22	1085.38	2989.12	66.18	246.94	308.49
30-Jun-22	1209.37	801.9	18.14	268.27	464.36
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

53.98%

60.24%

Promoter Shareholding (Post-Issue)

32.93%

44.61%

P/E Ratio

29.69

27.61

Market Cap

₹1226.58 Cr.

₹2003.26 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 Landmark Cars IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 22,91,061 shares in Landmark Cars IPO.

	Elin Electronics IPO	Landmark Cars IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	40,59,824 shares	22,91,061 shares
NII	30,44,869 shares	17,18,295 shares
RII	71,04,693 shares	40,09,355 shares
Employee	0 shares	23,094 shares
Others
Total	1,42,09,386 shares	80,41,805 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Landmark Cars IPO subscribed 3.06x.

	Elin Electronics IPO	Landmark Cars IPO
QIB (times)	4.51x	8.71x
NII (times)	3.29x	1.32x
Big NII (times)	2.99x	1.59x
Small NII (times)	3.89x	0.78x
RII (times)	2.20x	0.59x
Employee (times)		2.93x
Other (times)
Total (times)	3.09x	3.06x

Compare with others

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

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