Gandhar Oil Refinery India IPO vs Muthoot Microfin IPO

Comparision between Gandhar Oil Refinery India IPO and Muthoot Microfin IPO.

IPO Details

Gandhar Oil Refinery India 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.

	Gandhar Oil Refinery India 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	ICICI Securities Limited Nuvama Wealth Management 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 Gandhar Oil Refinery India IPO is up to ₹500.69 Cr whereas the issue size of the Muthoot Microfin IPO is up to ₹960.00 Cr. The final issue price of Gandhar Oil Refinery India IPO is ₹169.00 per share and of Muthoot Microfin IPO is ₹291.00 per share.

	Gandhar Oil Refinery India IPO	Muthoot Microfin IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹160.00 per share	₹277.00 per share
Issue Price (Upper)	₹169.00 per share	₹291.00 per share
Issue Price (Final)	₹169.00 per share	₹291.00 per share
Discount (Retail)
Discount (Employee)		₹14.00 per share
Market Lot Size	88 shares	51 shares
Fresh Issue Size	1,78,69,822 shares	2,61,16,838 shares
Fresh Issue Size (Amount)	up to ₹302.00 Cr	up to ₹760.00 Cr
OFS Issue Size	1,17,56,910 shares	68,72,852 shares
OFS Issue Size (Amount)	up to ₹198.69 Cr	up to ₹200.00 Cr
Issue Size Total	2,96,26,732 shares	3,29,89,690 shares
Issue Size Total (Amount)	up to ₹500.69 Cr	up to ₹960.00 Cr

IPO Timetable

Gandhar Oil Refinery India IPO opens on Nov 22, 2023, while Muthoot Microfin IPO opens on Dec 18, 2023. The closing date of Gandhar Oil Refinery India IPO and Muthoot Microfin IPO is Nov 24, 2023, and Dec 20, 2023, respectively.

	Gandhar Oil Refinery India 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 28, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Nov 29, 2023	Dec 22, 2023
Credit of Share (Tentative)	Nov 29, 2023	Dec 22, 2023
Listing date (Tentative)	Nov 30, 2023	Dec 26, 2023
Anchor Lockin End date 1	Dec 28, 2023	Jan 20, 2024
Anchor Lockin End date 2	Feb 26, 2024	Mar 20, 2024

Financials

Gandhar Oil Refinery India IPO P/E ratio is , as compared to Muthoot Microfin IPO P/E ratio of 24.96.

Gandhar Oil Refinery India IPO

Muthoot Microfin IPO

Financial

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

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)

87.50%

69.08%

Promoter Shareholding (Post-Issue)

64.63%

55.47%

P/E Ratio

24.96

Market Cap

₹1654.00 Cr.

₹4960.82 Cr.

ROE

32.28%%

11.06%%

ROCE

41.19%%

Debt/Equity

0.22

3.99

EPS

₹23.77

₹11.98

RoNW

32.28%%

10.08%%

Shares Offered

In the Gandhar Oil Refinery India IPO retail investors (RII) are offered 1,03,69,356 shares while in Muthoot Microfin IPO retail investors are offered 1,03,69,356 shares. Qualified institutional buyers (QIB) are offered 59,25,346 shares in Gandhar Oil Refinery India IPO and 65,29,210 shares in Muthoot Microfin IPO.

	Gandhar Oil Refinery India IPO	Muthoot Microfin IPO
Anchor Investor Reserveration	88,88,018 shares	97,93,812 shares
Market Maker Reserveration
QIB	59,25,346 shares	65,29,210 shares
NII	44,44,010 shares	48,96,907 shares
RII	1,03,69,356 shares	1,14,26,117 shares
Employee	0 shares	0 shares
Others
Total	2,07,38,712 shares	2,28,52,234 shares

Bids Received (Subscription)

Gandhar Oil Refinery India IPO subscribed 65.63x in total, whereas Muthoot Microfin IPO subscribed 12.30x.

	Gandhar Oil Refinery India IPO	Muthoot Microfin IPO
QIB (times)	129.06x	18.35x
NII (times)	64.34x	13.87x
Big NII (times)	61.93x	12.96x
Small NII (times)	69.17x	15.69x
RII (times)	29.93x	8.00x
Employee (times)
Other (times)
Total (times)	65.63x	12.30x

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