Indigo Paints IPO vs Stove Kraft IPO

Comparision between Indigo Paints IPO and Stove Kraft IPO.

IPO Details

Indigo Paints IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Stove Kraft IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indigo Paints IPO	Stove Kraft 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	Edelweiss Financial Services Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited	Edelweiss Financial Services Ltd Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Indigo Paints IPO is up to ₹1,176.00 Cr whereas the issue size of the Stove Kraft IPO is up to ₹412.63 Cr. The final issue price of Indigo Paints IPO is ₹1,490.00 per share and of Stove Kraft IPO is ₹385.00 per share.

	Indigo Paints IPO	Stove Kraft IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹1,488.00 per share	₹384.00 per share
Issue Price (Upper)	₹1,490.00 per share	₹385.00 per share
Issue Price (Final)	₹1,490.00 per share	₹385.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	10 shares	38 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹95.00 Cr
OFS Issue Size	58,40,000 shares	82,50,000 shares
OFS Issue Size (Amount)
Issue Size Total
Issue Size Total (Amount)	up to ₹1,176.00 Cr	up to ₹412.63 Cr

IPO Timetable

Indigo Paints IPO opens on Jan 20, 2021, while Stove Kraft IPO opens on Jan 25, 2021. The closing date of Indigo Paints IPO and Stove Kraft IPO is Jan 22, 2021, and Jan 28, 2021, respectively.

	Indigo Paints IPO	Stove Kraft IPO
Anchor Bid Date
Issue Open	Jan 20, 2021	Jan 25, 2021
Issue Close	Jan 22, 2021	Jan 28, 2021
Basis Of Allotment (Tentative)	Jan 28, 2021	Feb 02, 2021
Initiation of Refunds (Tentative)	Jan 29, 2021	Feb 03, 2021
Credit of Share (Tentative)	Feb 01, 2021	Feb 04, 2021
Listing date (Tentative)	Feb 02, 2021	Feb 05, 2021
Anchor Lockin End date 1	Feb 27, 2021	Mar 04, 2021
Anchor Lockin End date 2	Apr 28, 2021	May 03, 2021

Financials

Indigo Paints IPO P/E ratio is , as compared to Stove Kraft IPO P/E ratio of .

Indigo Paints IPO

Stove Kraft IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,112.91	4,219.59	3,731.83	2,973.94
Total Revenue	2,602.43	6,264.36	5,372.62	4,031.05
Profit After Tax	272.05	478.15	268.70	128.62

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,984.99	4,712.91	4,257.26	3,936.42
Total Revenue	3,295.09	6,729.14	6,425.98	5,345.85
Profit After Tax	287.76	31.70	7.36	(120.18)

Promoter Shareholding (Pre-Issue)

60.05%

61.31%

Promoter Shareholding (Post-Issue)

54%

54.36%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Indigo Paints IPO retail investors (RII) are offered 27,24,198 shares while in Stove Kraft IPO retail investors are offered 27,24,198 shares. Qualified institutional buyers (QIB) are offered 15,56,690 shares in Indigo Paints IPO and 32,15,260 shares in Stove Kraft IPO.

	Indigo Paints IPO	Stove Kraft IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	15,56,690 shares	32,15,260 shares
NII	11,67,514 shares	16,07,629 shares
RII	27,24,198 shares	10,71,753 shares
Employee	70,000 shares	0 shares
Others
Total	55,18,402 shares	58,94,642 shares

Bids Received (Subscription)

Indigo Paints IPO subscribed 117.02x in total, whereas Stove Kraft IPO subscribed 18.03x.

	Indigo Paints IPO	Stove Kraft IPO
QIB (times)	189.57x	8.02x
NII (times)	263.05x	32.72x
Big NII (times)
Small NII (times)
RII (times)	15.93x	26.04x
Employee (times)	2.50x
Other (times)
Total (times)	117.02x	18.03x

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Stove Kraft IPO	Nureca limited IPO
Home First Finance IPO	Brookfield India REIT
Antony Waste IPO	Home First Finance IPO
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RailTel IPO	IRFC IPO

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