Fedbank Financial Services IPO vs Gandhar Oil Refinery India IPO

Comparision between Fedbank Financial Services IPO and Gandhar Oil Refinery India IPO.

IPO Details

Fedbank Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Gandhar Oil Refinery India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fedbank Financial Services IPO	Gandhar Oil Refinery India 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	ICICI Securities Limited Bnp Paribas Equirus Capital Private Limited Jm Financial Limited	ICICI Securities Limited Nuvama Wealth Management Limited
Registrar	Link Intime India Private Ltd	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 Fedbank Financial Services IPO is up to ₹1,092.26 Cr whereas the issue size of the Gandhar Oil Refinery India IPO is up to ₹500.69 Cr. The final issue price of Fedbank Financial Services IPO is ₹140.00 per share and of Gandhar Oil Refinery India IPO is ₹169.00 per share.

	Fedbank Financial Services IPO	Gandhar Oil Refinery India IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹133.00 per share	₹160.00 per share
Issue Price (Upper)	₹140.00 per share	₹169.00 per share
Issue Price (Final)	₹140.00 per share	₹169.00 per share
Discount (Retail)
Discount (Employee)	₹10.00 per share
Market Lot Size	107 shares	88 shares
Fresh Issue Size	4,29,12,087 shares	1,78,69,822 shares
Fresh Issue Size (Amount)	up to ₹600.77 Cr	up to ₹302.00 Cr
OFS Issue Size	3,51,61,723 shares	1,17,56,910 shares
OFS Issue Size (Amount)	up to ₹492.26 Cr	up to ₹198.69 Cr
Issue Size Total	7,80,73,810 shares	2,96,26,732 shares
Issue Size Total (Amount)	up to ₹1,092.26 Cr	up to ₹500.69 Cr

IPO Timetable

Fedbank Financial Services IPO opens on Nov 22, 2023, while Gandhar Oil Refinery India IPO opens on Nov 22, 2023. The closing date of Fedbank Financial Services IPO and Gandhar Oil Refinery India IPO is Nov 24, 2023, and Nov 24, 2023, respectively.

	Fedbank Financial Services IPO	Gandhar Oil Refinery India IPO
Anchor Bid Date	Nov 21, 2023	Nov 21, 2023
Issue Open	Nov 22, 2023	Nov 22, 2023
Issue Close	Nov 24, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 28, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Nov 28, 2023	Nov 29, 2023
Credit of Share (Tentative)	Nov 29, 2023	Nov 29, 2023
Listing date (Tentative)	Nov 30, 2023	Nov 30, 2023
Anchor Lockin End date 1	Dec 28, 2023	Dec 28, 2023
Anchor Lockin End date 2	Feb 26, 2024	Feb 26, 2024

Financials

Fedbank Financial Services IPO P/E ratio is 25.04, as compared to Gandhar Oil Refinery India IPO P/E ratio of .

Fedbank Financial Services IPO

Gandhar Oil Refinery India IPO

Financial

Fedbank Financial Services Limited Financial Information (Restated)

Fedbank Financial Services Limited's revenue increased by 37.46% and profit after tax (PAT) rose by 74.11% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	9,412.51	9,070.99	6,555.71	5,466.31
Revenue	367.87	1,214.68	883.64	697.57
Profit After Tax	53.88	180.13	103.46	61.68
Net Worth	1,414.90	1,355.68	1,153.52	834.73
Reserves and Surplus	1,076.67	1,021.52	832.00	544.45
Total Borrowing	7,619.52	7,135.82	5,016.84	4,328.09
Amount in ₹ Crore

Gandhar Oil Refinery (India) Limited Financial Information (Proforma Consolidated)

Gandhar Oil Refinery (India) Limited's revenue increased by 20.71% and profit after tax (PAT) rose by 15.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,795.57	1,613.44	1,318.21	1,097.70
Revenue	1,071.52	4,101.79	3,397.98	2,069.58
Profit After Tax	54.28	213.18	184.30	161.14
Net Worth	810.79	760.21	560.71	375.76
Reserves and Surplus	763.99	719.19	529.07	355.68
Total Borrowing	335.62	169.53	158.16	176.78
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.28%

87.50%

Promoter Shareholding (Post-Issue)

62.40%

64.63%

P/E Ratio

25.04

Market Cap

₹5165.06 Cr.

₹1654.00 Cr.

ROE

14.36%%

32.28%%

ROCE

41.19%%

Debt/Equity

0.22

EPS

₹5.60

₹23.77

RoNW

13.29%%

32.28%%

Shares Offered

In the Fedbank Financial Services IPO retail investors (RII) are offered 2,70,56,603 shares while in Gandhar Oil Refinery India IPO retail investors are offered 2,70,56,603 shares. Qualified institutional buyers (QIB) are offered 1,54,60,916 shares in Fedbank Financial Services IPO and 59,25,346 shares in Gandhar Oil Refinery India IPO.

	Fedbank Financial Services IPO	Gandhar Oil Refinery India IPO
Anchor Investor Reserveration	2,31,91,374 shares	88,88,018 shares
Market Maker Reserveration
QIB	1,54,60,916 shares	59,25,346 shares
NII	1,15,95,687 shares	44,44,010 shares
RII	2,70,56,603 shares	1,03,69,356 shares
Employee	8,13,008 shares	0 shares
Others
Total	5,49,26,214 shares	2,07,38,712 shares

Bids Received (Subscription)

Fedbank Financial Services IPO subscribed 2.24x in total, whereas Gandhar Oil Refinery India IPO subscribed 65.63x.

	Fedbank Financial Services IPO	Gandhar Oil Refinery India IPO
QIB (times)	3.48x	129.06x
NII (times)	1.49x	64.34x
Big NII (times)	1.27x	61.93x
Small NII (times)	1.95x	69.17x
RII (times)	1.88x	29.93x
Employee (times)	1.34x
Other (times)
Total (times)	2.24x	65.63x

Compare with others

Fedbank Financial Services IPO	Gandhar Oil Refinery India IPO
Happy Forgings IPO	Muthoot Microfin IPO
Muthoot Microfin IPO	DOMS IPO
DOMS IPO	Flair Writing IPO
Flair Writing IPO	IREDA IPO
IREDA IPO	Fedbank Financial Services IPO
Gandhar Oil Refinery India IPO	ASK Automotive IPO
ASK Automotive IPO	ESAF Small Finance Bank IPO
ESAF Small Finance Bank IPO	Cello World Limited IPO
Cello World Limited IPO	Mamaearth IPO
Mamaearth IPO	Blue Jet Healthcare IPO

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