Indegene IPO vs TBO Tek IPO

Comparision between Indegene IPO and TBO Tek IPO.

IPO Details

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

	Indegene IPO	TBO Tek 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	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial 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 Indegene IPO is up to ₹1,841.76 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of Indegene IPO is ₹452.00 per share and of TBO Tek IPO is ₹920.00 per share.

	Indegene IPO	TBO Tek IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹430.00 per share	₹875.00 per share
Issue Price (Upper)	₹452.00 per share	₹920.00 per share
Issue Price (Final)	₹452.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)	₹30.00 per share
Market Lot Size	33 shares	16 shares
Fresh Issue Size	1,68,14,159 shares	43,47,826 shares
Fresh Issue Size (Amount)	up to ₹760.00 Cr	up to ₹400.00 Cr
OFS Issue Size	2,39,32,732 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹1,081.76 Cr	up to ₹1,150.81 Cr
Issue Size Total	4,07,46,891 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹1,841.76 Cr	up to ₹1,550.81 Cr

IPO Timetable

Indegene IPO opens on May 06, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of Indegene IPO and TBO Tek IPO is May 08, 2024, and May 10, 2024, respectively.

	Indegene IPO	TBO Tek IPO
Anchor Bid Date	May 03, 2024	May 07, 2024
Issue Open	May 06, 2024	May 08, 2024
Issue Close	May 08, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 09, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 10, 2024	May 14, 2024
Credit of Share (Tentative)	May 10, 2024	May 14, 2024
Listing date (Tentative)	May 13, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 08, 2024	Jun 12, 2024
Anchor Lockin End date 2	Aug 07, 2024	Aug 11, 2024

Financials

Indegene IPO P/E ratio is 37.78, as compared to TBO Tek IPO P/E ratio of 64.58.

Indegene IPO

TBO Tek 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

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% 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	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

30.71%

51.26%

Promoter Shareholding (Post-Issue)

P/E Ratio

37.78

64.58

Market Cap

₹10814.07 Cr.

₹9990.08 Cr.

ROE

ROCE

Debt/Equity

0.3

EPS

₹11.96

₹14.25

RoNW

18.23%%

30.76%

Shares Offered

In the Indegene IPO retail investors (RII) are offered 1,41,64,620 shares while in TBO Tek IPO retail investors are offered 1,41,64,620 shares. Qualified institutional buyers (QIB) are offered 80,94,069 shares in Indegene IPO and 50,47,204 shares in TBO Tek IPO.

	Indegene IPO	TBO Tek IPO
Anchor Investor Reserveration	1,21,41,102 shares	75,70,807 shares
Market Maker Reserveration
QIB	80,94,069 shares	50,47,204 shares
NII	60,70,552 shares	25,23,602 shares
RII	1,41,64,620 shares	16,82,401 shares
Employee	2,96,209 shares	32,609 shares
Others
Total	2,86,25,450 shares	92,85,816 shares

Bids Received (Subscription)

Indegene IPO subscribed 70.30x in total, whereas TBO Tek IPO subscribed 86.69x.

	Indegene IPO	TBO Tek IPO
QIB (times)	192.72x	125.51x
NII (times)	55.91x	50.60x
Big NII (times)	62.23x	55.82x
Small NII (times)	43.26x	40.15x
RII (times)	7.86x	25.72x
Employee (times)	6.62x	17.81x
Other (times)
Total (times)	70.30x	86.69x

Compare with others

Indegene IPO	TBO Tek IPO
Kronox Lab Sciences IPO	ixigo IPO
Awfis Space Solutions IPO	Kronox Lab Sciences IPO
Go Digit IPO	Awfis Space Solutions IPO
Aadhar Housing Finance IPO	Go Digit IPO
TBO Tek IPO	Aadhar Housing Finance IPO
JNK India IPO	Indegene IPO
VI FPO	JNK India IPO
Bharti Hexacom IPO	VI FPO
SRM Contractors IPO	Bharti Hexacom IPO
Popular Vehicles & Services IPO	SRM Contractors IPO

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