Inox CVA IPO vs Mukka Proteins IPO

Comparision between Inox CVA IPO and Mukka Proteins IPO.

IPO Details

Inox CVA IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Mukka Proteins IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Inox CVA IPO	Mukka Proteins 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 Axis Capital Limited	Fedex Securities Pvt Ltd
Registrar	Kfin Technologies Limited	Cameo Corporate Services 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 Inox CVA IPO is up to ₹1,459.32 Cr whereas the issue size of the Mukka Proteins IPO is up to ₹224.00 Cr. The final issue price of Inox CVA IPO is ₹660.00 per share and of Mukka Proteins IPO is ₹28.00 per share.

	Inox CVA IPO	Mukka Proteins IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹627.00 per share	₹26.00 per share
Issue Price (Upper)	₹660.00 per share	₹28.00 per share
Issue Price (Final)	₹660.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	22 shares	535 shares
Fresh Issue Size		8,00,00,000 shares
Fresh Issue Size (Amount)		up to ₹224.00 Cr
OFS Issue Size	2,21,10,955 shares
OFS Issue Size (Amount)	up to ₹1,459.32 Cr
Issue Size Total	2,21,10,955 shares	8,00,00,000 shares
Issue Size Total (Amount)	up to ₹1,459.32 Cr	up to ₹224.00 Cr

IPO Timetable

Inox CVA IPO opens on Dec 14, 2023, while Mukka Proteins IPO opens on Feb 29, 2024. The closing date of Inox CVA IPO and Mukka Proteins IPO is Dec 18, 2023, and Mar 04, 2024, respectively.

	Inox CVA IPO	Mukka Proteins IPO
Anchor Bid Date	Dec 13, 2023	Feb 28, 2024
Issue Open	Dec 14, 2023	Feb 29, 2024
Issue Close	Dec 18, 2023	Mar 04, 2024
Basis Of Allotment (Tentative)	Dec 19, 2023	Mar 05, 2024
Initiation of Refunds (Tentative)	Dec 20, 2023	Mar 06, 2024
Credit of Share (Tentative)	Dec 20, 2023	Mar 06, 2024
Listing date (Tentative)	Dec 21, 2023	Mar 07, 2024
Anchor Lockin End date 1	Jan 18, 2024	Apr 04, 2024
Anchor Lockin End date 2	Mar 18, 2024	Jun 03, 2024

Financials

Inox CVA IPO P/E ratio is 39.22, as compared to Mukka Proteins IPO P/E ratio of 12.96.

Inox CVA IPO

Mukka Proteins IPO

Financial

Inox India Limited Financial Information (Restated Consolidated)

Inox India Limited's revenue increased by 22.46% and profit after tax (PAT) rose by 17.02% 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	1,155.81	1,148.36	896.75	687.20
Revenue	580.00	984.20	803.71	608.99
Profit After Tax	103.34	152.71	130.50	96.11
Net Worth	554.24	549.48	502.28	371.51
Reserves and Surplus
Total Borrowing	31.03		43.38	60.37
Amount in ₹ Crore

Mukka Proteins Limited Financial Information (Restated Consolidated)

Mukka Proteins Limited's revenue increased by 52.52% and profit after tax (PAT) rose by 84.07% 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	641.18	575.16	392.30	353.93
Revenue	612.88	1,183.80	776.15	609.95
Profit After Tax	32.98	47.53	25.82	11.01
Net Worth	159.11	128.92	87.25	64.54
Reserves and Surplus	144.92	112.57	68.51	60.80
Total Borrowing	317.73	254.83	173.50	159.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

99.30%

100%

Promoter Shareholding (Post-Issue)

75.46%

P/E Ratio

39.22

12.96

Market Cap

₹5990.39 Cr.

₹840.00 Cr.

ROE

27.79%%

36.71%%

ROCE

36.53%%

17.62%%

Debt/Equity

1.64

EPS

₹16.83

₹2.16

RoNW

27.79%%

34.19%%

Shares Offered

In the Inox CVA IPO retail investors (RII) are offered 77,38,835 shares while in Mukka Proteins IPO retail investors are offered 77,38,835 shares. Qualified institutional buyers (QIB) are offered 44,22,191 shares in Inox CVA IPO and 1,60,00,435 shares in Mukka Proteins IPO.

	Inox CVA IPO	Mukka Proteins IPO
Anchor Investor Reserveration	66,33,285 shares	2,39,99,565 shares
Market Maker Reserveration
QIB	44,22,191 shares	1,60,00,435 shares
NII	33,16,644 shares	1,20,00,000 shares
RII	77,38,835 shares	2,80,00,000 shares
Employee	0 shares	0 shares
Others
Total	1,54,77,670 shares	5,60,00,435 shares

Bids Received (Subscription)

Inox CVA IPO subscribed 61.28x in total, whereas Mukka Proteins IPO subscribed 136.99x.

	Inox CVA IPO	Mukka Proteins IPO
QIB (times)	147.80x	189.28x
NII (times)	53.20x	250.39x
Big NII (times)	56.55x	254.15x
Small NII (times)	46.52x	242.86x
RII (times)	15.30x	58.52x
Employee (times)
Other (times)
Total (times)	61.28x	136.99x

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Mukka Proteins IPO	Flair Writing IPO
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