IREDA IPO vs Muthoot Microfin IPO

Comparision between IREDA IPO and Muthoot Microfin IPO.

IPO Details

IREDA IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Muthoot Microfin IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IREDA IPO	Muthoot Microfin 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	ICICI Securities Limited Axis Capital Limited Jm Financial Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies 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 Muthoot Microfin IPO is up to ₹960.00 Cr. The final issue price of IREDA IPO is ₹32.00 per share and of Muthoot Microfin IPO is ₹291.00 per share.

	IREDA IPO	Muthoot Microfin IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹30.00 per share	₹277.00 per share
Issue Price (Upper)	₹32.00 per share	₹291.00 per share
Issue Price (Final)	₹32.00 per share	₹291.00 per share
Discount (Retail)
Discount (Employee)		₹14.00 per share
Market Lot Size	460 shares	51 shares
Fresh Issue Size	40,31,64,706 shares	2,61,16,838 shares
Fresh Issue Size (Amount)	up to ₹1,290.13 Cr	up to ₹760.00 Cr
OFS Issue Size	26,87,76,471 shares	68,72,852 shares
OFS Issue Size (Amount)	up to ₹860.08 Cr	up to ₹200.00 Cr
Issue Size Total	67,19,41,177 shares	3,29,89,690 shares
Issue Size Total (Amount)	up to ₹2,150.21 Cr	up to ₹960.00 Cr

IPO Timetable

IREDA IPO opens on Nov 21, 2023, while Muthoot Microfin IPO opens on Dec 18, 2023. The closing date of IREDA IPO and Muthoot Microfin IPO is Nov 23, 2023, and Dec 20, 2023, respectively.

	IREDA IPO	Muthoot Microfin IPO
Anchor Bid Date	Nov 20, 2023	Dec 15, 2023
Issue Open	Nov 21, 2023	Dec 18, 2023
Issue Close	Nov 23, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Nov 24, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Nov 25, 2023	Dec 22, 2023
Credit of Share (Tentative)	Nov 28, 2023	Dec 22, 2023
Listing date (Tentative)	Nov 29, 2023	Dec 26, 2023
Anchor Lockin End date 1	Dec 24, 2023	Jan 20, 2024
Anchor Lockin End date 2	Feb 22, 2024	Mar 20, 2024

Financials

IREDA IPO P/E ratio is 8.47, as compared to Muthoot Microfin IPO P/E ratio of 24.96.

IREDA IPO

Muthoot Microfin 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

Muthoot Microfin Limited Financial Information (Restated)

Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,529.20	5,591.46	4,183.85
Revenue	1,446.34	842.94	696.28
Profit After Tax	163.89	47.40	7.05
Net Worth	1,625.85	1,336.58	889.89
Reserves and Surplus	1,282.15	1,040.10	642.84
Total Borrowing	6,493.18	3,996.61	3,015.66
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

69.08%

Promoter Shareholding (Post-Issue)

75%

55.47%

P/E Ratio

8.47

24.96

Market Cap

₹8600.85 Cr.

₹4960.82 Cr.

ROE

15.44%%

11.06%%

ROCE

Debt/Equity

6.77

3.99

EPS

₹3.78

₹11.98

RoNW

15.44%%

10.08%%

Shares Offered

In the IREDA IPO retail investors (RII) are offered 23,45,23,015 shares while in Muthoot Microfin 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 65,29,210 shares in Muthoot Microfin IPO.

	IREDA IPO	Muthoot Microfin IPO
Anchor Investor Reserveration	20,10,19,726 shares	97,93,812 shares
Market Maker Reserveration
QIB	13,40,13,152 shares	65,29,210 shares
NII	10,05,09,864 shares	48,96,907 shares
RII	23,45,23,015 shares	1,14,26,117 shares
Employee	18,75,420 shares	0 shares
Others
Total	47,09,21,451 shares	2,28,52,234 shares

Bids Received (Subscription)

IREDA IPO subscribed 38.80x in total, whereas Muthoot Microfin IPO subscribed 12.30x.

	IREDA IPO	Muthoot Microfin IPO
QIB (times)	104.57x	18.35x
NII (times)	24.16x	13.87x
Big NII (times)	26.99x	12.96x
Small NII (times)	18.50x	15.69x
RII (times)	7.73x	8.00x
Employee (times)	9.80x
Other (times)
Total (times)	38.80x	12.30x

Compare with others

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

Comments

Add a public comment...