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Comparision between Fedbank Financial Services IPO and Happy Forgings IPO.
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 |
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 |
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 |
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 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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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.
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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.
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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%% |
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 |
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 |
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