Fusion Micro Finance IPO vs Keystone Realtors IPO

Comparision between Fusion Micro Finance IPO and Keystone Realtors IPO.

IPO Details

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

	Fusion Micro Finance IPO	Keystone Realtors 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	Axis Capital Limited Credit Suisse Securities (India) Private 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 Fusion Micro Finance IPO is up to ₹1,103.99 Cr whereas the issue size of the Keystone Realtors IPO is up to ₹635.00 Cr. The final issue price of Fusion Micro Finance IPO is ₹368.00 per share and of Keystone Realtors IPO is ₹541.00 per share.

	Fusion Micro Finance IPO	Keystone Realtors IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹350.00 per share	₹514.00 per share
Issue Price (Upper)	₹368.00 per share	₹541.00 per share
Issue Price (Final)	₹368.00 per share	₹541.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	27 shares
Fresh Issue Size		1,03,51,201 shares
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹560.00 Cr
OFS Issue Size	1,36,95,466 shares	13,86,322 shares
OFS Issue Size (Amount)		up to ₹75.00 Cr
Issue Size Total		1,17,37,523 shares
Issue Size Total (Amount)	up to ₹1,103.99 Cr	up to ₹635.00 Cr

IPO Timetable

Fusion Micro Finance IPO opens on Nov 02, 2022, while Keystone Realtors IPO opens on Nov 14, 2022. The closing date of Fusion Micro Finance IPO and Keystone Realtors IPO is Nov 04, 2022, and Nov 16, 2022, respectively.

	Fusion Micro Finance IPO	Keystone Realtors IPO
Anchor Bid Date
Issue Open	Nov 02, 2022	Nov 14, 2022
Issue Close	Nov 04, 2022	Nov 16, 2022
Basis Of Allotment (Tentative)	Nov 10, 2022	Nov 21, 2022
Initiation of Refunds (Tentative)	Nov 11, 2022	Nov 22, 2022
Credit of Share (Tentative)	Nov 14, 2022	Nov 23, 2022
Listing date (Tentative)	Nov 15, 2022	Nov 24, 2022
Anchor Lockin End date 1	Dec 10, 2022	Dec 21, 2022
Anchor Lockin End date 2	Feb 08, 2023	Feb 19, 2023

Financials

Fusion Micro Finance IPO P/E ratio is 12.33, as compared to Keystone Realtors IPO P/E ratio of 365.54.

Fusion Micro Finance IPO

Keystone Realtors 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

Keystone Realtors Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	4153.07	2142.65	137.74	1372.4
31-Mar-20	4415.31	1268.6	14.49	1220.26
31-Mar-21	3654.1	1177.27	231.82	2513.9
30-Jun-21	3676.24	91.4	-0.97	1145.56
31-Mar-22	3876.84	1302.97	135.83	1557.96
30-Jun-22	3910.15	176	4.22	1468.83
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.57%

96.71%

Promoter Shareholding (Post-Issue)

58.10%

87.92%

P/E Ratio

12.33

365.54

Market Cap

₹3703.21 Cr.

₹6160.77 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 Keystone Realtors 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 24,70,816 shares in Keystone Realtors IPO.

	Fusion Micro Finance IPO	Keystone Realtors IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	59,56,362 shares	24,70,816 shares
NII	46,25,749 shares	18,53,113 shares
RII	1,07,93,414 shares	43,23,929 shares
Employee	0 shares	0 shares
Others
Total	2,13,75,525 shares	86,47,858 shares

Bids Received (Subscription)

Fusion Micro Finance IPO subscribed 2.95x in total, whereas Keystone Realtors IPO subscribed 2.01x.

	Fusion Micro Finance IPO	Keystone Realtors IPO
QIB (times)	8.59x	3.84x
NII (times)	1.38x	3.03x
Big NII (times)	1.52x	3.78x
Small NII (times)	1.09x	1.53x
RII (times)	0.51x	0.53x
Employee (times)
Other (times)
Total (times)	2.95x	2.01x

Compare with others

Fusion Micro Finance IPO	Keystone Realtors IPO
Landmark Cars IPO	Sah Polymers IPO
Keystone Realtors IPO	Elin Electronics IPO
Inox Green Energy IPO	Sula Vineyards IPO
Archean Chemical IPO	Dharmaj Crop Guard IPO
Bikaji Foods IPO	Landmark Cars IPO
Global Health IPO	Inox Green Energy IPO
Five Star Business Finance IPO	Archean Chemical IPO
Uniparts India IPO	Bikaji Foods IPO
Kaynes Technology IPO	Fusion Micro Finance IPO
Electronics Mart India IPO	Global Health IPO

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