Fedbank Financial Services IPO vs Happy Forgings IPO

Comparision between Fedbank Financial Services IPO and Happy Forgings IPO.

IPO Details

Fedbank Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Happy Forgings IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fedbank Financial Services IPO	Happy Forgings 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	Jm Financial Limited Axis Capital Limited Equirus Capital Private Limited Motilal Oswal Investment Advisors 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 Happy Forgings IPO is up to ₹1,008.59 Cr. The final issue price of Fedbank Financial Services IPO is ₹140.00 per share and of Happy Forgings IPO is ₹850.00 per share.

	Fedbank Financial Services IPO	Happy Forgings IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹133.00 per share	₹808.00 per share
Issue Price (Upper)	₹140.00 per share	₹850.00 per share
Issue Price (Final)	₹140.00 per share	₹850.00 per share
Discount (Retail)
Discount (Employee)	₹10.00 per share
Market Lot Size	107 shares	17 shares
Fresh Issue Size	4,29,12,087 shares	47,05,882 shares
Fresh Issue Size (Amount)	up to ₹600.77 Cr	up to ₹400.00 Cr
OFS Issue Size	3,51,61,723 shares	71,59,920 shares
OFS Issue Size (Amount)	up to ₹492.26 Cr	up to ₹608.59 Cr
Issue Size Total	7,80,73,810 shares	1,18,65,802 shares
Issue Size Total (Amount)	up to ₹1,092.26 Cr	up to ₹1,008.59 Cr

IPO Timetable

Fedbank Financial Services IPO opens on Nov 22, 2023, while Happy Forgings IPO opens on Dec 19, 2023. The closing date of Fedbank Financial Services IPO and Happy Forgings IPO is Nov 24, 2023, and Dec 21, 2023, respectively.

	Fedbank Financial Services IPO	Happy Forgings IPO
Anchor Bid Date	Nov 21, 2023	Dec 18, 2023
Issue Open	Nov 22, 2023	Dec 19, 2023
Issue Close	Nov 24, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Nov 28, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Nov 28, 2023	Dec 26, 2023
Credit of Share (Tentative)	Nov 29, 2023	Dec 26, 2023
Listing date (Tentative)	Nov 30, 2023	Dec 27, 2023
Anchor Lockin End date 1	Dec 28, 2023	Jan 21, 2024
Anchor Lockin End date 2	Feb 26, 2024	Mar 21, 2024

Financials

Fedbank Financial Services IPO P/E ratio is 25.04, as compared to Happy Forgings IPO P/E ratio of 36.45.

Fedbank Financial Services IPO

Happy Forgings 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

Happy Forgings Limited Financial Information (Restated Standalone)

Happy Forgings Limited's revenue increased by 38.81% and profit after tax (PAT) rose by 46.67% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,489.80	1,326.17	1,129.87	876.38
Revenue	675.73	1,202.27	866.11	590.81
Profit After Tax	119.30	208.70	142.29	86.45
Net Worth	1,103.33	988.31	787.62	645.16
Reserves and Surplus	1,088.25	978.66	769.72	636.21
Total Borrowing	258.97	218.52	240.35	153.47
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.28%

88.24%

Promoter Shareholding (Post-Issue)

62.40%

78.60%

P/E Ratio

25.04

36.45

Market Cap

₹5165.06 Cr.

₹8007.42 Cr.

ROE

14.36%%

21.12%%

ROCE

24.24%%

Debt/Equity

EPS

₹5.60

₹23.32

RoNW

13.29%%

21.12%%

Shares Offered

In the Fedbank Financial Services IPO retail investors (RII) are offered 2,70,56,603 shares while in Happy Forgings 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 23,73,160 shares in Happy Forgings IPO.

	Fedbank Financial Services IPO	Happy Forgings IPO
Anchor Investor Reserveration	2,31,91,374 shares	35,59,740 shares
Market Maker Reserveration
QIB	1,54,60,916 shares	23,73,160 shares
NII	1,15,95,687 shares	17,79,870 shares
RII	2,70,56,603 shares	41,53,031 shares
Employee	8,13,008 shares	0 shares
Others
Total	5,49,26,214 shares	83,06,061 shares

Bids Received (Subscription)

Fedbank Financial Services IPO subscribed 2.24x in total, whereas Happy Forgings IPO subscribed 82.63x.

	Fedbank Financial Services IPO	Happy Forgings IPO
QIB (times)	3.48x	214.65x
NII (times)	1.49x	63.45x
Big NII (times)	1.27x	69.87x
Small NII (times)	1.95x	50.61x
RII (times)	1.88x	15.40x
Employee (times)	1.34x
Other (times)
Total (times)	2.24x	82.63x

Compare with others

Fedbank Financial Services IPO	Happy Forgings IPO
Happy Forgings IPO	Inox CVA IPO
Muthoot Microfin IPO	Suraj Estate Developers IPO
DOMS IPO	RBZ Jewellers IPO
Flair Writing IPO	Motisons Jewellers IPO
IREDA IPO	Mukka Proteins IPO
Gandhar Oil Refinery India IPO	Muthoot Microfin IPO
ASK Automotive IPO	DOMS IPO
ESAF Small Finance Bank IPO	Flair Writing IPO
Cello World Limited IPO	IREDA IPO
Mamaearth IPO	Fedbank Financial Services IPO

Comments

Add a public comment...