IKIO Lighting IPO vs Tata Technologies IPO

Comparision between IKIO Lighting IPO and Tata Technologies IPO.

IPO Details

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

	IKIO Lighting IPO	Tata Technologies 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	Motilal Oswal Investment Advisors Limited	Jm Financial Limited Citigroup Global Markets India Private Limited Bofa Securities India Limited
Registrar	Kfin Technologies Limited	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 IKIO Lighting IPO is up to ₹606.50 Cr whereas the issue size of the Tata Technologies IPO is up to ₹3,042.51 Cr. The final issue price of IKIO Lighting IPO is ₹285.00 per share and of Tata Technologies IPO is ₹500.00 per share.

	IKIO Lighting IPO	Tata Technologies IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹270.00 per share	₹475.00 per share
Issue Price (Upper)	₹285.00 per share	₹500.00 per share
Issue Price (Final)	₹285.00 per share	₹500.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	52 shares	30 shares
Fresh Issue Size	1,22,80,701 shares
Fresh Issue Size (Amount)	up to ₹350.00 Cr
OFS Issue Size	90,00,000 shares	6,08,50,278 shares
OFS Issue Size (Amount)	up to ₹256.50 Cr	up to ₹3,042.51 Cr
Issue Size Total	2,12,80,701 shares	6,08,50,278 shares
Issue Size Total (Amount)	up to ₹606.50 Cr	up to ₹3,042.51 Cr

IPO Timetable

IKIO Lighting IPO opens on Jun 06, 2023, while Tata Technologies IPO opens on Nov 22, 2023. The closing date of IKIO Lighting IPO and Tata Technologies IPO is Jun 08, 2023, and Nov 24, 2023, respectively.

	IKIO Lighting IPO	Tata Technologies IPO
Anchor Bid Date	Jun 05, 2023	Nov 21, 2023
Issue Open	Jun 06, 2023	Nov 22, 2023
Issue Close	Jun 08, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Jun 13, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Jun 14, 2023	Nov 29, 2023
Credit of Share (Tentative)	Jun 15, 2023	Nov 29, 2023
Listing date (Tentative)	Jun 16, 2023	Nov 30, 2023
Anchor Lockin End date 1	Jul 13, 2023	Dec 28, 2023
Anchor Lockin End date 2	Sep 11, 2023	Feb 26, 2024

Financials

IKIO Lighting IPO P/E ratio is 32.13, as compared to Tata Technologies IPO P/E ratio of 32.53.

IKIO Lighting IPO

Tata Technologies IPO

Financial

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

Tata Technologies Limited Financial Information (Restated Consolidated)

Tata Technologies Limited's revenue increased by 25.81% and profit after tax (PAT) rose by 42.8% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	5,142.42	5,201.49	4,218.00	3,572.74
Revenue	2,587.42	4,501.93	3,578.38	2,425.74
Profit After Tax	351.90	624.04	436.99	239.17
Net Worth	2,853.13	2,989.47	2,280.16	2,142.15
Reserves and Surplus	2,455.29	2,605.60	2,028.93	1,897.46
Total Borrowing
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100.00%

66.79%

Promoter Shareholding (Post-Issue)

72.46%

55.39%

P/E Ratio

32.13

32.53

Market Cap

₹2202.50 Cr.

₹20283.43 Cr.

ROE

36.00%%

ROCE

26.00%%

Debt/Equity

1.03

EPS

₹7.90

₹15.37

RoNW

36.46%%

20.87%%

Shares Offered

In the IKIO Lighting IPO retail investors (RII) are offered 74,48,246 shares while in Tata Technologies IPO retail investors are offered 74,48,246 shares. Qualified institutional buyers (QIB) are offered 42,56,140 shares in IKIO Lighting IPO and 1,05,47,382 shares in Tata Technologies IPO.

	IKIO Lighting IPO	Tata Technologies IPO
Anchor Investor Reserveration	63,84,209 shares	1,58,21,071 shares
Market Maker Reserveration
QIB	42,56,140 shares	1,05,47,382 shares
NII	31,92,107 shares	79,10,537 shares
RII	74,48,246 shares	1,84,57,919 shares
Employee	0 shares	20,28,342 shares
Others
Total	1,48,96,493 shares	4,50,29,207 shares

Bids Received (Subscription)

IKIO Lighting IPO subscribed 67.75x in total, whereas Tata Technologies IPO subscribed 69.43x.

	IKIO Lighting IPO	Tata Technologies IPO
QIB (times)	163.06x	203.41x
NII (times)	65.38x	62.11x
Big NII (times)	69.01x	70.67x
Small NII (times)	58.13x	44.98x
RII (times)	14.31x	16.50x
Employee (times)		3.70x
Other (times)		29.20x
Total (times)	67.75x	69.43x

Compare with others

IKIO Lighting IPO	Tata Technologies IPO
Utkarsh Small Finance Bank IPO	Senco Gold IPO
Senco Gold IPO	Cyient DLM IPO
Cyient DLM IPO	ideaForge Technology IPO
ideaForge Technology IPO	HMA Agro Industries IPO
HMA Agro Industries IPO	IKIO Lighting IPO
Tata Technologies IPO	Nexus Select Trust REIT
Nexus Select Trust REIT	Mankind Pharma IPO
Mankind Pharma IPO	Avalon Technologies IPO
Avalon Technologies IPO	Udayshivakumar Infra IPO
Udayshivakumar Infra IPO	Global Surfaces IPO

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