Avalon Technologies IPO vs IKIO Lighting IPO

Comparision between Avalon Technologies IPO and IKIO Lighting IPO.

IPO Details

Avalon Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IKIO Lighting IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Avalon Technologies IPO	IKIO Lighting 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	Jm Financial Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Motilal Oswal Investment Advisors 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 Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the IKIO Lighting IPO is up to ₹606.50 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of IKIO Lighting IPO is ₹285.00 per share.

	Avalon Technologies IPO	IKIO Lighting IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹415.00 per share	₹270.00 per share
Issue Price (Upper)	₹436.00 per share	₹285.00 per share
Issue Price (Final)	₹436.00 per share	₹285.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	52 shares
Fresh Issue Size	73,39,450 shares	1,22,80,701 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr	up to ₹350.00 Cr
OFS Issue Size	1,25,00,000 shares	90,00,000 shares
OFS Issue Size (Amount)	up to ₹545.00 Cr	up to ₹256.50 Cr
Issue Size Total	1,98,39,450 shares	2,12,80,701 shares
Issue Size Total (Amount)	up to ₹865.00 Cr	up to ₹606.50 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while IKIO Lighting IPO opens on Jun 06, 2023. The closing date of Avalon Technologies IPO and IKIO Lighting IPO is Apr 06, 2023, and Jun 08, 2023, respectively.

	Avalon Technologies IPO	IKIO Lighting IPO
Anchor Bid Date	Mar 31, 2023	Jun 05, 2023
Issue Open	Apr 03, 2023	Jun 06, 2023
Issue Close	Apr 06, 2023	Jun 08, 2023
Basis Of Allotment (Tentative)	Apr 12, 2023	Jun 13, 2023
Initiation of Refunds (Tentative)	Apr 13, 2023	Jun 14, 2023
Credit of Share (Tentative)	Apr 17, 2023	Jun 15, 2023
Listing date (Tentative)	Apr 18, 2023	Jun 16, 2023
Anchor Lockin End date 1	May 12, 2023	Jul 13, 2023
Anchor Lockin End date 2	Jul 11, 2023	Sep 11, 2023

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to IKIO Lighting IPO P/E ratio of 32.13.

Avalon Technologies IPO

IKIO Lighting IPO

Financial

Avalon Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	449.65	653.15	12.33	248.48
31-Mar-21	512.48	695.90	23.08	295.33
31-Mar-22	587.96	851.65	68.16	294.05
Amount in ₹ Crore

IKIO Lighting Limited Financial Information (Proforma Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	144.83	221.83	21.41	35.90	46.86
31-Mar-21	174.45	214.57	28.81	62.86	69.36
31-Mar-22	264.87	334.00	50.52	108.87	106.56
31-Dec-22	335.50	332.79	51.35	140.83	136.33
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

70.75%

100.00%

Promoter Shareholding (Post-Issue)

51.24%

72.46%

P/E Ratio

55.54

32.13

Market Cap

₹2846.76 Cr.

₹2202.50 Cr.

ROE

85.90%%

36.00%%

ROCE

27.40%%

26.00%%

Debt/Equity

3.64

1.03

EPS

₹7.90

RoNW

36.46%%

Shares Offered

In the Avalon Technologies IPO retail investors (RII) are offered 19,83,944 shares while in IKIO Lighting IPO retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 42,56,140 shares in IKIO Lighting IPO.

	Avalon Technologies IPO	IKIO Lighting IPO
Anchor Investor Reserveration	89,27,751 shares	63,84,209 shares
Market Maker Reserveration
QIB	59,15,011 shares	42,56,140 shares
NII	29,75,917 shares	31,92,107 shares
RII	19,83,944 shares	74,48,246 shares
Employee	0 shares	0 shares
Others
Total	1,08,44,186 shares	1,48,96,493 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas IKIO Lighting IPO subscribed 67.75x.

	Avalon Technologies IPO	IKIO Lighting IPO
QIB (times)	3.77x	163.06x
NII (times)	0.43x	65.38x
Big NII (times)	0.44x	69.01x
Small NII (times)	0.41x	58.13x
RII (times)	0.88x	14.31x
Employee (times)
Other (times)
Total (times)	2.34x	67.75x

Compare with others

Avalon Technologies IPO	IKIO Lighting IPO
HMA Agro Industries IPO	Utkarsh Small Finance Bank IPO
IKIO Lighting IPO	Senco Gold IPO
Tata Technologies IPO	Cyient DLM IPO
Nexus Select Trust REIT	ideaForge Technology IPO
Mankind Pharma IPO	HMA Agro Industries IPO
Udayshivakumar Infra IPO	Tata Technologies IPO
Global Surfaces IPO	Nexus Select Trust REIT
Divgi TorqTransfer Systems IPO	Mankind Pharma IPO
Signatureglobal India IPO	Avalon Technologies IPO
Radiant Cash Management IPO	Udayshivakumar Infra IPO

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