Inox Green Energy IPO vs Keystone Realtors IPO

Comparision between Inox Green Energy IPO and Keystone Realtors IPO.

IPO Details

Inox Green Energy IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Keystone Realtors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Inox Green Energy IPO	Keystone Realtors 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 Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Equirus Capital Private Limited Idbi Capital Market Services Limited Systematix Corporate Services Limited	Axis Capital Limited Credit Suisse Securities (India) Private 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 Inox Green Energy IPO is up to ₹740.00 Cr whereas the issue size of the Keystone Realtors IPO is up to ₹635.00 Cr. The final issue price of Inox Green Energy IPO is ₹65.00 per share and of Keystone Realtors IPO is ₹541.00 per share.

	Inox Green Energy IPO	Keystone Realtors IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹61.00 per share	₹514.00 per share
Issue Price (Upper)	₹65.00 per share	₹541.00 per share
Issue Price (Final)	₹65.00 per share	₹541.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	230 shares	27 shares
Fresh Issue Size	5,69,23,077 shares	1,03,51,201 shares
Fresh Issue Size (Amount)	up to ₹370.00 Cr	up to ₹560.00 Cr
OFS Issue Size	5,69,23,077 shares	13,86,322 shares
OFS Issue Size (Amount)	up to ₹370.00 Cr	up to ₹75.00 Cr
Issue Size Total	11,38,46,154 shares	1,17,37,523 shares
Issue Size Total (Amount)	up to ₹740.00 Cr	up to ₹635.00 Cr

IPO Timetable

Inox Green Energy IPO opens on Nov 11, 2022, while Keystone Realtors IPO opens on Nov 14, 2022. The closing date of Inox Green Energy IPO and Keystone Realtors IPO is Nov 15, 2022, and Nov 16, 2022, respectively.

	Inox Green Energy IPO	Keystone Realtors IPO
Anchor Bid Date
Issue Open	Nov 11, 2022	Nov 14, 2022
Issue Close	Nov 15, 2022	Nov 16, 2022
Basis Of Allotment (Tentative)	Nov 18, 2022	Nov 21, 2022
Initiation of Refunds (Tentative)	Nov 21, 2022	Nov 22, 2022
Credit of Share (Tentative)	Nov 22, 2022	Nov 23, 2022
Listing date (Tentative)	Nov 23, 2022	Nov 24, 2022
Anchor Lockin End date 1	Dec 18, 2022	Dec 21, 2022
Anchor Lockin End date 2	Feb 16, 2023	Feb 19, 2023

Financials

Inox Green Energy IPO P/E ratio is -327, as compared to Keystone Realtors IPO P/E ratio of 365.54.

Inox Green Energy IPO

Keystone Realtors IPO

Financial

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

Keystone Realtors Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	4153.07	2142.65	137.74	1372.4
31-Mar-20	4415.31	1268.6	14.49	1220.26
31-Mar-21	3654.1	1177.27	231.82	2513.9
30-Jun-21	3676.24	91.4	-0.97	1145.56
31-Mar-22	3876.84	1302.97	135.83	1557.96
30-Jun-22	3910.15	176	4.22	1468.83
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

93.84%

96.71%

Promoter Shareholding (Post-Issue)

56.04%

87.92%

P/E Ratio

-327

365.54

Market Cap

₹1897.61 Cr.

₹6160.77 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Inox Green Energy IPO retail investors (RII) are offered 1,21,31,147 shares while in Keystone Realtors IPO retail investors are offered 1,21,31,147 shares. Qualified institutional buyers (QIB) are offered 3,63,93,442 shares in Inox Green Energy IPO and 24,70,816 shares in Keystone Realtors IPO.

	Inox Green Energy IPO	Keystone Realtors IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,63,93,442 shares	24,70,816 shares
NII	1,81,96,721 shares	18,53,113 shares
RII	1,21,31,147 shares	43,23,929 shares
Employee	0 shares	0 shares
Others
Total	6,67,21,310 shares	86,47,858 shares

Bids Received (Subscription)

Inox Green Energy IPO subscribed 1.55x in total, whereas Keystone Realtors IPO subscribed 2.01x.

	Inox Green Energy IPO	Keystone Realtors IPO
QIB (times)	1.05x	3.84x
NII (times)	0.47x	3.03x
Big NII (times)	0.39x	3.78x
Small NII (times)	0.64x	1.53x
RII (times)	4.70x	0.53x
Employee (times)
Other (times)
Total (times)	1.55x	2.01x

Compare with others

Inox Green Energy IPO	Keystone Realtors IPO
Elin Electronics IPO	Sah Polymers IPO
Sula Vineyards IPO	Elin Electronics IPO
Dharmaj Crop Guard IPO	Sula Vineyards IPO
Landmark Cars IPO	Dharmaj Crop Guard IPO
Keystone Realtors IPO	Landmark Cars IPO
Archean Chemical IPO	Inox Green Energy IPO
Bikaji Foods IPO	Archean Chemical IPO
Fusion Micro Finance IPO	Bikaji Foods IPO
Global Health IPO	Fusion Micro Finance IPO
Five Star Business Finance IPO	Global Health IPO

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