IRFC IPO vs Stove Kraft IPO

Comparision between IRFC IPO and Stove Kraft IPO.

IPO Details

IRFC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Stove Kraft IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRFC IPO	Stove Kraft 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	Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Idfc Bank Limited SBI Capital Markets Limited	Edelweiss Financial Services Ltd Jm Financial Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of IRFC IPO is up to ₹4,633.38 Cr whereas the issue size of the Stove Kraft IPO is up to ₹412.63 Cr. The final issue price of IRFC IPO is ₹26.00 per share and of Stove Kraft IPO is ₹385.00 per share.

	IRFC IPO	Stove Kraft IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹25.00 per share	₹384.00 per share
Issue Price (Upper)	₹26.00 per share	₹385.00 per share
Issue Price (Final)	₹26.00 per share	₹385.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	575 shares	38 shares
Fresh Issue Size	1,18,80,46,000 shares
Fresh Issue Size (Amount)		up to ₹95.00 Cr
OFS Issue Size	59,40,23,000 shares	82,50,000 shares
OFS Issue Size (Amount)
Issue Size Total	1,78,20,69,000 shares
Issue Size Total (Amount)	up to ₹4,633.38 Cr	up to ₹412.63 Cr

IPO Timetable

IRFC IPO opens on Jan 18, 2021, while Stove Kraft IPO opens on Jan 25, 2021. The closing date of IRFC IPO and Stove Kraft IPO is Jan 20, 2021, and Jan 28, 2021, respectively.

	IRFC IPO	Stove Kraft IPO
Anchor Bid Date
Issue Open	Jan 18, 2021	Jan 25, 2021
Issue Close	Jan 20, 2021	Jan 28, 2021
Basis Of Allotment (Tentative)	Jan 25, 2021	Feb 02, 2021
Initiation of Refunds (Tentative)	Jan 27, 2021	Feb 03, 2021
Credit of Share (Tentative)	Jan 28, 2021	Feb 04, 2021
Listing date (Tentative)	Jan 29, 2021	Feb 05, 2021
Anchor Lockin End date 1	Feb 24, 2021	Mar 04, 2021
Anchor Lockin End date 2	Apr 25, 2021	May 03, 2021

Financials

IRFC IPO P/E ratio is , as compared to Stove Kraft IPO P/E ratio of .

IRFC IPO

Stove Kraft IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (Rs in million)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	29,19,865.81	27,55,041.29	20,64,382.95	16,14,510.41
Total Revenue	73,848.29	1,34,210.90	1,09,873.55	92,078.39
Profit After Tax	18,868.41	31,920.96	21,399.33	20,014.60

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	30-Sept-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	4,984.99	4,712.91	4,257.26	3,936.42
Total Revenue	3,295.09	6,729.14	6,425.98	5,345.85
Profit After Tax	287.76	31.70	7.36	(120.18)

Promoter Shareholding (Pre-Issue)

100%

61.31%

Promoter Shareholding (Post-Issue)

86%

54.36%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRFC IPO retail investors (RII) are offered 62,36,56,843 shares while in Stove Kraft IPO retail investors are offered 62,36,56,843 shares. Qualified institutional buyers (QIB) are offered 35,63,75,339 shares in IRFC IPO and 32,15,260 shares in Stove Kraft IPO.

	IRFC IPO	Stove Kraft IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	35,63,75,339 shares	32,15,260 shares
NII	26,72,81,504 shares	16,07,629 shares
RII	62,36,56,843 shares	10,71,753 shares
Employee	1,92,307 shares	0 shares
Others
Total	1,24,75,05,993 shares	58,94,642 shares

Bids Received (Subscription)

IRFC IPO subscribed 3.49x in total, whereas Stove Kraft IPO subscribed 18.03x.

	IRFC IPO	Stove Kraft IPO
QIB (times)	3.78x	8.02x
NII (times)	2.67x	32.72x
Big NII (times)
Small NII (times)
RII (times)	3.66x	26.04x
Employee (times)	43.76x
Other (times)
Total (times)	3.49x	18.03x

Compare with others

IRFC IPO	Stove Kraft IPO
Stove Kraft IPO	EaseMyTrip IPO
Home First Finance IPO	MTAR Technologies IPO
Indigo Paints IPO	Heranba Industries IPO
Antony Waste IPO	Nureca limited IPO
Mrs. Bectors Food IPO	Brookfield India REIT
Burger King IPO	Home First Finance IPO
RailTel IPO	Indigo Paints IPO
Gland Pharma IPO	Antony Waste IPO
Mazagon Dock IPO	Mrs. Bectors Food IPO
Likhitha Infrastructure IPO	IRFC IPO

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