IREDA IPO vs Mukka Proteins IPO

Comparision between IREDA IPO and Mukka Proteins IPO.

IPO Details

IREDA 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.

	IREDA 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	Idbi Capital Market Services Limited Bob Capital Markets Limited SBI Capital Markets Limited	Fedex Securities Pvt Ltd
Registrar	Link Intime India Private Ltd	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 IREDA IPO is up to ₹2,150.21 Cr whereas the issue size of the Mukka Proteins IPO is up to ₹224.00 Cr. The final issue price of IREDA IPO is ₹32.00 per share and of Mukka Proteins IPO is ₹28.00 per share.

	IREDA IPO	Mukka Proteins IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹30.00 per share	₹26.00 per share
Issue Price (Upper)	₹32.00 per share	₹28.00 per share
Issue Price (Final)	₹32.00 per share	₹28.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	460 shares	535 shares
Fresh Issue Size	40,31,64,706 shares	8,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹1,290.13 Cr	up to ₹224.00 Cr
OFS Issue Size	26,87,76,471 shares
OFS Issue Size (Amount)	up to ₹860.08 Cr
Issue Size Total	67,19,41,177 shares	8,00,00,000 shares
Issue Size Total (Amount)	up to ₹2,150.21 Cr	up to ₹224.00 Cr

IPO Timetable

IREDA IPO opens on Nov 21, 2023, while Mukka Proteins IPO opens on Feb 29, 2024. The closing date of IREDA IPO and Mukka Proteins IPO is Nov 23, 2023, and Mar 04, 2024, respectively.

	IREDA IPO	Mukka Proteins IPO
Anchor Bid Date	Nov 20, 2023	Feb 28, 2024
Issue Open	Nov 21, 2023	Feb 29, 2024
Issue Close	Nov 23, 2023	Mar 04, 2024
Basis Of Allotment (Tentative)	Nov 24, 2023	Mar 05, 2024
Initiation of Refunds (Tentative)	Nov 25, 2023	Mar 06, 2024
Credit of Share (Tentative)	Nov 28, 2023	Mar 06, 2024
Listing date (Tentative)	Nov 29, 2023	Mar 07, 2024
Anchor Lockin End date 1	Dec 24, 2023	Apr 04, 2024
Anchor Lockin End date 2	Feb 22, 2024	Jun 03, 2024

Financials

IREDA IPO P/E ratio is 8.47, as compared to Mukka Proteins IPO P/E ratio of 12.96.

IREDA IPO

Mukka Proteins IPO

Financial

Indian Renewable Energy Development Agency Limited Financial Information (Restated Standalone)

Indian Renewable Energy Development Agency Limited's revenue increased by 21.18% and profit after tax (PAT) rose by 36.48% 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	51,208.36	50,446.98	36,708.41	30,293.39
Revenue	2,320.46	3,483.04	2,874.16	2,657.74
Profit After Tax	579.32	864.63	633.53	346.38
Net Worth	6,580.61	5,935.17	5,268.11	2,995.60
Reserves and Surplus	2,550.36	2,310.96	1,776.05	1,386.12
Total Borrowing	39,850.19	40,165.23	27,613.07	24,000.00
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)

100%

Promoter Shareholding (Post-Issue)

75%

P/E Ratio

8.47

12.96

Market Cap

₹8600.85 Cr.

₹840.00 Cr.

ROE

15.44%%

36.71%%

ROCE

17.62%%

Debt/Equity

6.77

1.64

EPS

₹3.78

₹2.16

RoNW

15.44%%

34.19%%

Shares Offered

In the IREDA IPO retail investors (RII) are offered 23,45,23,015 shares while in Mukka Proteins IPO retail investors are offered 23,45,23,015 shares. Qualified institutional buyers (QIB) are offered 13,40,13,152 shares in IREDA IPO and 1,60,00,435 shares in Mukka Proteins IPO.

	IREDA IPO	Mukka Proteins IPO
Anchor Investor Reserveration	20,10,19,726 shares	2,39,99,565 shares
Market Maker Reserveration
QIB	13,40,13,152 shares	1,60,00,435 shares
NII	10,05,09,864 shares	1,20,00,000 shares
RII	23,45,23,015 shares	2,80,00,000 shares
Employee	18,75,420 shares	0 shares
Others
Total	47,09,21,451 shares	5,60,00,435 shares

Bids Received (Subscription)

IREDA IPO subscribed 38.80x in total, whereas Mukka Proteins IPO subscribed 136.99x.

	IREDA IPO	Mukka Proteins IPO
QIB (times)	104.57x	189.28x
NII (times)	24.16x	250.39x
Big NII (times)	26.99x	254.15x
Small NII (times)	18.50x	242.86x
RII (times)	7.73x	58.52x
Employee (times)	9.80x
Other (times)
Total (times)	38.80x	136.99x

Compare with others

IREDA IPO	Mukka Proteins IPO
Mukka Proteins IPO	Mufti Menswear IPO
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Muthoot Microfin IPO	Suraj Estate Developers IPO
DOMS IPO	RBZ Jewellers IPO
Flair Writing IPO	Motisons Jewellers IPO
Fedbank Financial Services IPO	Happy Forgings IPO
Gandhar Oil Refinery India IPO	Muthoot Microfin IPO
ASK Automotive IPO	DOMS IPO
ESAF Small Finance Bank IPO	Flair Writing IPO
Cello World Limited IPO	IREDA IPO

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