Fusion Micro Finance IPO vs Kaynes Technology IPO

Comparision between Fusion Micro Finance IPO and Kaynes Technology IPO.

IPO Details

Fusion Micro Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Kaynes Technology IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fusion Micro Finance IPO	Kaynes Technology 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 Clsa India Private Limited Iifl Securities Ltd Jm Financial Limited	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd
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 Fusion Micro Finance IPO is up to ₹1,103.99 Cr whereas the issue size of the Kaynes Technology IPO is up to ₹857.82 Cr. The final issue price of Fusion Micro Finance IPO is ₹368.00 per share and of Kaynes Technology IPO is ₹587.00 per share.

	Fusion Micro Finance IPO	Kaynes Technology IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹350.00 per share	₹559.00 per share
Issue Price (Upper)	₹368.00 per share	₹587.00 per share
Issue Price (Final)	₹368.00 per share	₹587.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹530.00 Cr
OFS Issue Size	1,36,95,466 shares	55,84,664 shares
OFS Issue Size (Amount)		up to ₹327.82 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,103.99 Cr	up to ₹857.82 Cr

IPO Timetable

Fusion Micro Finance IPO opens on Nov 02, 2022, while Kaynes Technology IPO opens on Nov 10, 2022. The closing date of Fusion Micro Finance IPO and Kaynes Technology IPO is Nov 04, 2022, and Nov 14, 2022, respectively.

	Fusion Micro Finance IPO	Kaynes Technology IPO
Anchor Bid Date
Issue Open	Nov 02, 2022	Nov 10, 2022
Issue Close	Nov 04, 2022	Nov 14, 2022
Basis Of Allotment (Tentative)	Nov 10, 2022	Nov 17, 2022
Initiation of Refunds (Tentative)	Nov 11, 2022	Nov 18, 2022
Credit of Share (Tentative)	Nov 14, 2022	Nov 21, 2022
Listing date (Tentative)	Nov 15, 2022	Nov 22, 2022
Anchor Lockin End date 1	Dec 10, 2022	Dec 17, 2022
Anchor Lockin End date 2	Feb 08, 2023	Feb 15, 2023

Financials

Fusion Micro Finance IPO P/E ratio is 12.33, as compared to Kaynes Technology IPO P/E ratio of 84.95.

Fusion Micro Finance IPO

Kaynes Technology IPO

Financial

Fusion Micro Finance Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	4239.99	730.31	69.61	1198.89	2973.68
31-Mar-21	5837.93	873.09	43.94	1246.36	4432.25
30-Jun-21	5824.87	264.96	4.41	1251.65	4422.65
31-Mar-22	7290.48	1201.35	21.76	1337.95	5775.81
30-Jun-22	7615.24	360.45	75.1	1416.46	6009.97
Amount in ₹ Crore

Kaynes Technology India Ltd Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	378.12	370.17	9.36	95.76	143.83
31-Mar-21	419.37	424.66	9.73	136.51	139.47
31-Mar-22	622.42	710.35	41.68	201.82	169.55
30-Jun-22	763.26	199.98	10.05	212	186.38
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.57%

79.78%

Promoter Shareholding (Post-Issue)

58.10%

67.39%

P/E Ratio

12.33

84.95

Market Cap

₹3703.21 Cr.

₹3412.97 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fusion Micro Finance IPO retail investors (RII) are offered 1,07,93,414 shares while in Kaynes Technology IPO retail investors are offered 1,07,93,414 shares. Qualified institutional buyers (QIB) are offered 59,56,362 shares in Fusion Micro Finance IPO and 29,23,888 shares in Kaynes Technology IPO.

	Fusion Micro Finance IPO	Kaynes Technology IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	59,56,362 shares	29,23,888 shares
NII	46,25,749 shares	22,55,858 shares
RII	1,07,93,414 shares	52,63,667 shares
Employee	0 shares	26,833 shares
Others
Total	2,13,75,525 shares	1,04,70,246 shares

Bids Received (Subscription)

Fusion Micro Finance IPO subscribed 2.95x in total, whereas Kaynes Technology IPO subscribed 34.16x.

	Fusion Micro Finance IPO	Kaynes Technology IPO
QIB (times)	8.59x	98.47x
NII (times)	1.38x	21.21x
Big NII (times)	1.52x	23.07x
Small NII (times)	1.09x	17.47x
RII (times)	0.51x	4.10x
Employee (times)		11.92x
Other (times)
Total (times)	2.95x	34.16x

Compare with others

Fusion Micro Finance IPO	Kaynes Technology IPO
Landmark Cars IPO	Bikaji Foods IPO
Keystone Realtors IPO	Fusion Micro Finance IPO
Inox Green Energy IPO	Global Health IPO
Archean Chemical IPO	Five Star Business Finance IPO
Bikaji Foods IPO	Uniparts India IPO
Global Health IPO	Electronics Mart India IPO
Five Star Business Finance IPO	DCX Systems IPO
Uniparts India IPO	Tamilnad Mercantile Bank IPO
Kaynes Technology IPO	Harsha Engineers IPO
Electronics Mart India IPO	Dreamfolks Services IPO

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