Innova Captab IPO vs Suraj Estate Developers IPO

Comparision between Innova Captab IPO and Suraj Estate Developers IPO.

IPO Details

Innova Captab IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Innova Captab IPO	Suraj Estate Developers 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	ICICI Securities Limited Jm Financial Limited	Iti Capital Ltd Anand Rathi Securities 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 Innova Captab IPO is up to ₹570.00 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Innova Captab IPO is ₹448.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

	Innova Captab IPO	Suraj Estate Developers IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹426.00 per share	₹340.00 per share
Issue Price (Upper)	₹448.00 per share	₹360.00 per share
Issue Price (Final)	₹448.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	33 shares	41 shares
Fresh Issue Size	71,42,857 shares	1,11,11,111 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr	up to ₹400.00 Cr
OFS Issue Size	55,80,357 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr
Issue Size Total	1,27,23,214 shares	1,11,11,111 shares
Issue Size Total (Amount)	up to ₹570.00 Cr	up to ₹400.00 Cr

IPO Timetable

Innova Captab IPO opens on Dec 21, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Innova Captab IPO and Suraj Estate Developers IPO is Dec 26, 2023, and Dec 20, 2023, respectively.

	Innova Captab IPO	Suraj Estate Developers IPO
Anchor Bid Date	Dec 20, 2023	Dec 15, 2023
Issue Open	Dec 21, 2023	Dec 18, 2023
Issue Close	Dec 26, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 27, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 28, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 28, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 29, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 26, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 26, 2024	Mar 20, 2024

Financials

Innova Captab IPO P/E ratio is 31.64, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

Innova Captab IPO

Suraj Estate Developers IPO

Financial

Innova Captab Limited Financial Information (Restated Consolidated)

Innova Captab Limited's revenue increased by 16.45% and profit after tax (PAT) rose by 6.26% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,086.16	704.41	575.48	369.62
Revenue	234.37	935.58	803.41	412.03
Profit After Tax	17.59	67.95	63.95	34.50
Net Worth	294.27	276.46	208.56	144.78
Reserves and Surplus	317.51	228.51	196.61	132.82
Total Borrowing	441.90	235.19	198.18	45.03
Amount in ₹ Crore

Suraj Estate Developers Limited Financial Information (Restated Consolidated)

Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	994.73	942.58	864.00	792.00
Revenue	102.81	307.89	273.91	244.00
Profit After Tax	14.53	32.06	26.50	6.28
Net Worth	86.11	71.39	39.16	29.15
Reserves and Surplus	70.29	55.48	23.32	22.94
Total Borrowing	598.50	593.09	638.16	600.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

66.85%

100%

Promoter Shareholding (Post-Issue)

74.95%

P/E Ratio

31.64

35.64

Market Cap

₹2563.70 Cr.

₹1597.00 Cr.

ROE

24.58%%

58.18%%

ROCE

22.61%%

21.93%%

Debt/Equity

0.85

8.31

EPS

₹14.16

₹10.10

RoNW

24.58%%

58.18%%

Shares Offered

In the Innova Captab IPO retail investors (RII) are offered 44,53,125 shares while in Suraj Estate Developers IPO retail investors are offered 44,53,125 shares. Qualified institutional buyers (QIB) are offered 25,44,643 shares in Innova Captab IPO and 22,22,222 shares in Suraj Estate Developers IPO.

	Innova Captab IPO	Suraj Estate Developers IPO
Anchor Investor Reserveration	38,16,963 shares	33,33,333 shares
Market Maker Reserveration
QIB	25,44,643 shares	22,22,222 shares
NII	19,08,482 shares	16,66,666 shares
RII	44,53,125 shares	38,88,889 shares
Employee	0 shares	0 shares
Others
Total	89,06,250 shares	77,77,777 shares

Bids Received (Subscription)

Innova Captab IPO subscribed 55.26x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

	Innova Captab IPO	Suraj Estate Developers IPO
QIB (times)	116.73x	25.74x
NII (times)	64.95x	20.02x
Big NII (times)	71.59x	18.37x
Small NII (times)	51.65x	23.31x
RII (times)	17.15x	9.85x
Employee (times)
Other (times)
Total (times)	55.26x	16.57x

Compare with others

Innova Captab IPO	Suraj Estate Developers IPO
R K SWAMY IPO	Jyoti CNC Automation IPO
EPACK Durable IPO	Innova Captab IPO
Nova AgriTech IPO	Azad Engineering IPO
Medi Assist Healthcare IPO	Mufti Menswear IPO
Jyoti CNC Automation IPO	Inox CVA IPO
Azad Engineering IPO	RBZ Jewellers IPO
Mufti Menswear IPO	Motisons Jewellers IPO
Inox CVA IPO	Mukka Proteins IPO
Suraj Estate Developers IPO	Happy Forgings IPO
RBZ Jewellers IPO	Muthoot Microfin IPO

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