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IBL Finance IPO vs Maxposure IPO

Comparision between IBL Finance IPO and Maxposure IPO.

IPO Details

IBL Finance IPO is a SME Book Built Issue IPO proposed to list at NSE SME while Maxposure IPO is a SME Book Built Issue proposed to list at NSE SME.

  IBL Finance IPO Maxposure IPO
Logo IBL Finance IPO Logo Maxposure IPO Logo
Issue Category SME SME
Issue Type IPO IPO
Process Type Fixed Price Issue Book Built Issue
Listing At NSE SME NSE SME
Lead Managers Fedex Securities Pvt Ltd GYR Capital Advisors Private Limited
Registrar Bigshare Services Pvt Ltd Bigshare Services Pvt Ltd
Market Maker Market-Hub Stock Broking Private Limited Giriraj Stock Broking Private Limited
DRHP DRHP DRHP
RHP RHP RHP
Anchor Investor Anchor Investor
IPO Allotment URL IPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of IBL Finance IPO is up to ₹33.41 Cr whereas the issue size of the Maxposure IPO is up to ₹20.26 Cr. The final issue price of IBL Finance IPO is ₹51.00 per share and of Maxposure IPO is ₹33.00 per share.

  IBL Finance IPO Maxposure IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹31.00 per share
Issue Price (Upper) ₹33.00 per share
Issue Price (Final) ₹51.00 per share ₹33.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 2000 shares 4000 shares
Fresh Issue Size 65,50,000 shares 61,40,000 shares
Fresh Issue Size (Amount) up to ₹33.41 Cr up to ₹20.26 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 65,50,000 shares 61,40,000 shares
Issue Size Total (Amount) up to ₹33.41 Cr up to ₹20.26 Cr

IPO Timetable

IBL Finance IPO opens on Jan 09, 2024, while Maxposure IPO opens on Jan 15, 2024. The closing date of IBL Finance IPO and Maxposure IPO is Jan 11, 2024, and Jan 17, 2024, respectively.

  IBL Finance IPO Maxposure IPO
Anchor Bid Date Jan 12, 2024
Issue Open Jan 09, 2024 Jan 15, 2024
Issue Close Jan 11, 2024 Jan 17, 2024
Basis Of Allotment (Tentative) Jan 12, 2024 Jan 18, 2024
Initiation of Refunds (Tentative) Jan 15, 2024 Jan 19, 2024
Credit of Share (Tentative) Jan 15, 2024 Jan 19, 2024
Listing date (Tentative) Jan 16, 2024 Jan 23, 2024
Anchor Lockin End date 1 Feb 11, 2024 Feb 17, 2024
Anchor Lockin End date 2 Apr 11, 2024 Apr 17, 2024

Financials

IBL Finance IPO P/E ratio is 48.08, as compared to Maxposure IPO P/E ratio of 12.42.

  IBL Finance IPO Maxposure IPO
Financial

IBL Finance Limited Financial Information (Restated)

IBL Finance Limited's revenue increased by 307.59% and profit after tax (PAT) rose by 351.28% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Jul 202331 Mar 202331 Mar 202231 Mar 2021
Assets2,317.602,218.111,022.85339.10
Revenue492.581,333.13327.08112.59
Profit After Tax120.60192.8342.73-9.88
Net Worth2,169.342,048.74355.47312.73
Reserves and Surplus351.271,139.7129.47-13.27
Total Borrowing7.519.12640.58
Amount in ₹ Lakhs

Maxposure Limited Financial Information (Restated)

Maxposure Limited's revenue increased by 1.03% and profit after tax (PAT) rose by 1162.04% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended30 Sep 202331 Mar 202331 Mar 202231 Mar 2021
Assets5,355.214,878.514,485.184,009.97
Revenue2,059.053,355.553,321.312,247.27
Profit After Tax370.83441.2134.9636.22
Net Worth3,478.213,114.342,666.172,631.21
Reserves and Surplus3,146.192,775.362,334.152,299.19
Total Borrowing462.31333.76293.65418.52
Amount in ₹ Lakhs
Promoter Shareholding (Pre-Issue) 85.55% 84.35%
Promoter Shareholding (Post-Issue) 62.89% 61.58%
P/E Ratio 48.08 12.42
Market Cap ₹126.13 Cr. ₹75.05 Cr.
ROE 9.41%% 14.39%%
ROCE 18.88%% 19.55%%
Debt/Equity 0 0.03
EPS ₹1.06 ₹2.66
RoNW 9.41%% 14.20%%

Shares Offered

In the IBL Finance IPO retail investors (RII) are offered 31,10,000 shares while in Maxposure IPO retail investors are offered 31,10,000 shares. Qualified institutional buyers (QIB) are offered 0 shares in IBL Finance IPO and 11,40,000 shares in Maxposure IPO.

  IBL Finance IPO Maxposure IPO
Anchor Investor Reserveration 17,00,000 shares
Market Maker Reserveration 3,30,000 shares 3,72,000 shares
QIB 0 shares 11,40,000 shares
NII 31,10,000 shares 8,80,000 shares
RII 31,10,000 shares 20,48,000 shares
Employee 0 shares 0 shares
Others
Total 62,20,000 shares 40,68,000 shares

Bids Received (Subscription)

IBL Finance IPO subscribed 17.00x in total, whereas Maxposure IPO subscribed 987.47x.

  IBL Finance IPO Maxposure IPO
QIB (times) 162.35x
NII (times) 9.94x 1,947.55x
Big NII (times)
Small NII (times)
RII (times) 24.03x 1,034.23x
Employee (times)
Other (times)
Total (times) 17.00x 987.47x

1 Comments

1. Sekar r   I Like It. |Report Abuse|  Link|January 10, 2024 4:37:07 PMReply
It looks Jyoti ipo seems to be safe for retail investors