Indegene IPO vs JNK India IPO

Comparision between Indegene IPO and JNK India IPO.

IPO Details

Indegene IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while JNK India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indegene IPO	JNK India 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Iifl Securities Ltd ICICI Securities 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

Issue Size and Price

The total issue size of Indegene IPO is up to ₹1,841.76 Cr whereas the issue size of the JNK India IPO is up to ₹649.47 Cr. The final issue price of Indegene IPO is ₹452.00 per share and of JNK India IPO is ₹415.00 per share.

	Indegene IPO	JNK India IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹430.00 per share	₹395.00 per share
Issue Price (Upper)	₹452.00 per share	₹415.00 per share
Issue Price (Final)	₹452.00 per share	₹415.00 per share
Discount (Retail)
Discount (Employee)	₹30.00 per share
Market Lot Size	33 shares	36 shares
Fresh Issue Size	1,68,14,159 shares	75,94,936 shares
Fresh Issue Size (Amount)	up to ₹760.00 Cr	up to ₹300.00 Cr
OFS Issue Size	2,39,32,732 shares	84,21,052 shares
OFS Issue Size (Amount)	up to ₹1,081.76 Cr	up to ₹349.47 Cr
Issue Size Total	4,07,46,891 shares	1,60,15,988 shares
Issue Size Total (Amount)	up to ₹1,841.76 Cr	up to ₹649.47 Cr

IPO Timetable

Indegene IPO opens on May 06, 2024, while JNK India IPO opens on Apr 23, 2024. The closing date of Indegene IPO and JNK India IPO is May 08, 2024, and Apr 25, 2024, respectively.

	Indegene IPO	JNK India IPO
Anchor Bid Date	May 03, 2024	Apr 22, 2024
Issue Open	May 06, 2024	Apr 23, 2024
Issue Close	May 08, 2024	Apr 25, 2024
Basis Of Allotment (Tentative)	May 09, 2024	Apr 26, 2024
Initiation of Refunds (Tentative)	May 10, 2024	Apr 29, 2024
Credit of Share (Tentative)	May 10, 2024	Apr 29, 2024
Listing date (Tentative)	May 13, 2024	Apr 30, 2024
Anchor Lockin End date 1	Jun 08, 2024	May 26, 2024
Anchor Lockin End date 2	Aug 07, 2024	Jul 25, 2024

Financials

Indegene IPO P/E ratio is 37.78, as compared to JNK India IPO P/E ratio of 43.32.

Indegene IPO

JNK India IPO

Financial

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,518.15	2,203.87	1,353.47	596.04
Revenue	1,969.75	2,364.10	1,690.50	996.92
Profit After Tax	241.90	266.10	162.82	149.41
Net Worth	1,327.00	1,063.72	763.90	324.51
Reserves and Surplus	1,282.65	1,019.43	763.55	324.19
Total Borrowing	399.33	394.34	18.24	24.76
Amount in ₹ Crore

JNK India Limited Financial Information (Restated Consolidated)

JNK India Limited's revenue increased by 38.5% and profit after tax (PAT) rose by 28.84% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	453.39	337.78	268.32	125.12
Revenue	256.76	411.55	297.14	138.45
Profit After Tax	46.21	46.36	35.98	16.48
Net Worth	168.56	122.17	72.18	36.82
Reserves and Surplus	158.88	112.57	62.58	36.22
Total Borrowing	56.73	33.76	5.99	8.95
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

30.71%

94.56%

Promoter Shareholding (Post-Issue)

P/E Ratio

37.78

43.32

Market Cap

₹10814.07 Cr.

₹2308.27 Cr.

ROE

31.79%%

ROCE

34.73%%

Debt/Equity

0.3

0.34

EPS

₹11.96

₹9.58

RoNW

18.23%%

31.79%%

Shares Offered

In the Indegene IPO retail investors (RII) are offered 1,41,64,620 shares while in JNK India IPO retail investors are offered 1,41,64,620 shares. Qualified institutional buyers (QIB) are offered 80,94,069 shares in Indegene IPO and 31,29,903 shares in JNK India IPO.

	Indegene IPO	JNK India IPO
Anchor Investor Reserveration	1,21,41,102 shares	46,94,989 shares
Market Maker Reserveration
QIB	80,94,069 shares	31,29,903 shares
NII	60,70,552 shares	23,47,497 shares
RII	1,41,64,620 shares	54,77,489 shares
Employee	2,96,209 shares	0 shares
Others
Total	2,86,25,450 shares	1,09,54,889 shares

Bids Received (Subscription)

Indegene IPO subscribed 70.30x in total, whereas JNK India IPO subscribed 28.46x.

	Indegene IPO	JNK India IPO
QIB (times)	192.72x	74.40x
NII (times)	55.91x	23.80x
Big NII (times)	62.23x	27.73x
Small NII (times)	43.26x	15.94x
RII (times)	7.86x	4.20x
Employee (times)	6.62x
Other (times)
Total (times)	70.30x	28.46x

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