Fusion Micro Finance IPO vs Inox Green Energy IPO

Comparision between Fusion Micro Finance IPO and Inox Green Energy IPO.

IPO Details

Fusion Micro Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Inox Green Energy IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fusion Micro Finance IPO	Inox Green Energy 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 Clsa India Private Limited Iifl Securities Ltd Jm Financial Limited	Edelweiss Financial Services Ltd Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private Limited Idbi Capital Market Services Limited Systematix Corporate Services 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 Fusion Micro Finance IPO is up to ₹1,103.99 Cr whereas the issue size of the Inox Green Energy IPO is up to ₹740.00 Cr. The final issue price of Fusion Micro Finance IPO is ₹368.00 per share and of Inox Green Energy IPO is ₹65.00 per share.

	Fusion Micro Finance IPO	Inox Green Energy IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹350.00 per share	₹61.00 per share
Issue Price (Upper)	₹368.00 per share	₹65.00 per share
Issue Price (Final)	₹368.00 per share	₹65.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	230 shares
Fresh Issue Size		5,69,23,077 shares
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹370.00 Cr
OFS Issue Size	1,36,95,466 shares	5,69,23,077 shares
OFS Issue Size (Amount)		up to ₹370.00 Cr
Issue Size Total		11,38,46,154 shares
Issue Size Total (Amount)	up to ₹1,103.99 Cr	up to ₹740.00 Cr

IPO Timetable

Fusion Micro Finance IPO opens on Nov 02, 2022, while Inox Green Energy IPO opens on Nov 11, 2022. The closing date of Fusion Micro Finance IPO and Inox Green Energy IPO is Nov 04, 2022, and Nov 15, 2022, respectively.

	Fusion Micro Finance IPO	Inox Green Energy IPO
Anchor Bid Date
Issue Open	Nov 02, 2022	Nov 11, 2022
Issue Close	Nov 04, 2022	Nov 15, 2022
Basis Of Allotment (Tentative)	Nov 10, 2022	Nov 18, 2022
Initiation of Refunds (Tentative)	Nov 11, 2022	Nov 21, 2022
Credit of Share (Tentative)	Nov 14, 2022	Nov 22, 2022
Listing date (Tentative)	Nov 15, 2022	Nov 23, 2022
Anchor Lockin End date 1	Dec 10, 2022	Dec 18, 2022
Anchor Lockin End date 2	Feb 08, 2023	Feb 16, 2023

Financials

Fusion Micro Finance IPO P/E ratio is 12.33, as compared to Inox Green Energy IPO P/E ratio of -327.

Fusion Micro Finance IPO

Inox Green Energy IPO

Financial

Fusion Micro Finance Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	4239.99	730.31	69.61	1198.89	2973.68
31-Mar-21	5837.93	873.09	43.94	1246.36	4432.25
30-Jun-21	5824.87	264.96	4.41	1251.65	4422.65
31-Mar-22	7290.48	1201.35	21.76	1337.95	5775.81
30-Jun-22	7615.24	360.45	75.1	1416.46	6009.97
Amount in ₹ Crore

Inox Green Energy Services Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	2339.86	172.16	1.68	96.54	1084.92
31-Mar-21	2692.8	186.29	-27.73	42.96	1411.02
31-Mar-22	2120.65	190.23	-4.95	806.63	904.17
30-Jun-22	2127.74	63.16	-11.58	795	909.92
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

85.57%

93.84%

Promoter Shareholding (Post-Issue)

58.10%

56.04%

P/E Ratio

12.33

-327

Market Cap

₹3703.21 Cr.

₹1897.61 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fusion Micro Finance IPO retail investors (RII) are offered 1,07,93,414 shares while in Inox Green Energy IPO retail investors are offered 1,07,93,414 shares. Qualified institutional buyers (QIB) are offered 59,56,362 shares in Fusion Micro Finance IPO and 3,63,93,442 shares in Inox Green Energy IPO.

	Fusion Micro Finance IPO	Inox Green Energy IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	59,56,362 shares	3,63,93,442 shares
NII	46,25,749 shares	1,81,96,721 shares
RII	1,07,93,414 shares	1,21,31,147 shares
Employee	0 shares	0 shares
Others
Total	2,13,75,525 shares	6,67,21,310 shares

Bids Received (Subscription)

Fusion Micro Finance IPO subscribed 2.95x in total, whereas Inox Green Energy IPO subscribed 1.55x.

	Fusion Micro Finance IPO	Inox Green Energy IPO
QIB (times)	8.59x	1.05x
NII (times)	1.38x	0.47x
Big NII (times)	1.52x	0.39x
Small NII (times)	1.09x	0.64x
RII (times)	0.51x	4.70x
Employee (times)
Other (times)
Total (times)	2.95x	1.55x

Compare with others

Fusion Micro Finance IPO	Inox Green Energy IPO
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Keystone Realtors IPO	Sula Vineyards IPO
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Archean Chemical IPO	Landmark Cars IPO
Bikaji Foods IPO	Keystone Realtors IPO
Global Health IPO	Archean Chemical IPO
Five Star Business Finance IPO	Bikaji Foods IPO
Uniparts India IPO	Fusion Micro Finance IPO
Kaynes Technology IPO	Global Health IPO
Electronics Mart India IPO	Five Star Business Finance IPO

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