Flair Writing IPO vs Muthoot Microfin IPO

Comparision between Flair Writing IPO and Muthoot Microfin IPO.

IPO Details

Flair Writing IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Muthoot Microfin IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Flair Writing IPO	Muthoot Microfin 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	Nuvama Wealth Management Limited Axis Capital Limited	ICICI Securities Limited Axis Capital Limited Jm Financial Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Flair Writing IPO is up to ₹593.00 Cr whereas the issue size of the Muthoot Microfin IPO is up to ₹960.00 Cr. The final issue price of Flair Writing IPO is ₹304.00 per share and of Muthoot Microfin IPO is ₹291.00 per share.

	Flair Writing IPO	Muthoot Microfin IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹288.00 per share	₹277.00 per share
Issue Price (Upper)	₹304.00 per share	₹291.00 per share
Issue Price (Final)	₹304.00 per share	₹291.00 per share
Discount (Retail)
Discount (Employee)		₹14.00 per share
Market Lot Size	49 shares	51 shares
Fresh Issue Size	96,05,263 shares	2,61,16,838 shares
Fresh Issue Size (Amount)	up to ₹292.00 Cr	up to ₹760.00 Cr
OFS Issue Size	99,01,315 shares	68,72,852 shares
OFS Issue Size (Amount)	up to ₹301.00 Cr	up to ₹200.00 Cr
Issue Size Total	1,95,06,578 shares	3,29,89,690 shares
Issue Size Total (Amount)	up to ₹593.00 Cr	up to ₹960.00 Cr

IPO Timetable

Flair Writing IPO opens on Nov 22, 2023, while Muthoot Microfin IPO opens on Dec 18, 2023. The closing date of Flair Writing IPO and Muthoot Microfin IPO is Nov 24, 2023, and Dec 20, 2023, respectively.

	Flair Writing IPO	Muthoot Microfin IPO
Anchor Bid Date	Nov 21, 2023	Dec 15, 2023
Issue Open	Nov 22, 2023	Dec 18, 2023
Issue Close	Nov 24, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Nov 29, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Nov 30, 2023	Dec 22, 2023
Credit of Share (Tentative)	Nov 30, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 01, 2023	Dec 26, 2023
Anchor Lockin End date 1	Dec 29, 2023	Jan 20, 2024
Anchor Lockin End date 2	Feb 27, 2024	Mar 20, 2024

Financials

Flair Writing IPO P/E ratio is 23.36, as compared to Muthoot Microfin IPO P/E ratio of 24.96.

Flair Writing IPO

Muthoot Microfin IPO

Financial

Flair Writing Industries Limited Financial Information (Restated Consolidated)

Flair Writing Industries Limited's revenue increased by 62.39% and profit after tax (PAT) rose by 114.14% 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	765.04	684.18	557.49	480.66
Revenue	248.50	954.29	587.64	310.87
Profit After Tax	32.14	118.10	55.15	0.99
Net Worth	470.16	437.99	319.86	264.65
Reserves and Surplus	423.46	391.29	296.50	241.31
Total Borrowing	126.67	115.59	126.33	130.31
Amount in ₹ Crore

Muthoot Microfin Limited Financial Information (Restated)

Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,529.20	5,591.46	4,183.85
Revenue	1,446.34	842.94	696.28
Profit After Tax	163.89	47.40	7.05
Net Worth	1,625.85	1,336.58	889.89
Reserves and Surplus	1,282.15	1,040.10	642.84
Total Borrowing	6,493.18	3,996.61	3,015.66
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.49%

69.08%

Promoter Shareholding (Post-Issue)

79.21%

55.47%

P/E Ratio

23.36

24.96

Market Cap

₹3204.00 Cr.

₹4960.82 Cr.

ROE

31.17%%

11.06%%

ROCE

31.24%%

Debt/Equity

0.26

3.99

EPS

₹12.33

₹11.98

RoNW

31.17%%

10.08%%

Shares Offered

In the Flair Writing IPO retail investors (RII) are offered 68,27,302 shares while in Muthoot Microfin IPO retail investors are offered 68,27,302 shares. Qualified institutional buyers (QIB) are offered 39,01,316 shares in Flair Writing IPO and 65,29,210 shares in Muthoot Microfin IPO.

	Flair Writing IPO	Muthoot Microfin IPO
Anchor Investor Reserveration	58,51,972 shares	97,93,812 shares
Market Maker Reserveration
QIB	39,01,316 shares	65,29,210 shares
NII	29,25,987 shares	48,96,907 shares
RII	68,27,302 shares	1,14,26,117 shares
Employee	0 shares	0 shares
Others
Total	1,36,54,605 shares	2,28,52,234 shares

Bids Received (Subscription)

Flair Writing IPO subscribed 49.28x in total, whereas Muthoot Microfin IPO subscribed 12.30x.

	Flair Writing IPO	Muthoot Microfin IPO
QIB (times)	122.02x	18.35x
NII (times)	35.23x	13.87x
Big NII (times)	36.53x	12.96x
Small NII (times)	32.61x	15.69x
RII (times)	13.73x	8.00x
Employee (times)
Other (times)
Total (times)	49.28x	12.30x

Compare with others

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

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