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Go Digit IPO vs JNK India IPO

Comparision between Go Digit IPO and JNK India IPO.

IPO Details

Go Digit IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while JNK India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Go Digit IPO is up to ₹2,614.65 Cr whereas the issue size of the JNK India IPO is up to ₹649.47 Cr. The final issue price of Go Digit IPO is ₹272.00 per share and of JNK India IPO is ₹415.00 per share.

  Go Digit IPO JNK India IPO
Face Value ₹10 per share ₹2 per share
Issue Price (Lower) ₹258.00 per share ₹395.00 per share
Issue Price (Upper) ₹272.00 per share ₹415.00 per share
Issue Price (Final) ₹272.00 per share ₹415.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 55 shares 36 shares
Fresh Issue Size 4,13,60,294 shares 75,94,936 shares
Fresh Issue Size (Amount) up to ₹1,125.00 Cr up to ₹300.00 Cr
OFS Issue Size 5,47,66,392 shares 84,21,052 shares
OFS Issue Size (Amount) up to ₹1,489.65 Cr up to ₹349.47 Cr
Issue Size Total 9,61,26,686 shares 1,60,15,988 shares
Issue Size Total (Amount) up to ₹2,614.65 Cr up to ₹649.47 Cr

IPO Timetable

Go Digit IPO opens on May 15, 2024, while JNK India IPO opens on Apr 23, 2024. The closing date of Go Digit IPO and JNK India IPO is May 17, 2024, and Apr 25, 2024, respectively.

  Go Digit IPO JNK India IPO
Anchor Bid Date May 14, 2024 Apr 22, 2024
Issue Open May 15, 2024 Apr 23, 2024
Issue Close May 17, 2024 Apr 25, 2024
Basis Of Allotment (Tentative) May 21, 2024 Apr 26, 2024
Initiation of Refunds (Tentative) May 22, 2024 Apr 29, 2024
Credit of Share (Tentative) May 22, 2024 Apr 29, 2024
Listing date (Tentative) May 23, 2024 Apr 30, 2024
Anchor Lockin End date 1 Jun 20, 2024 May 26, 2024
Anchor Lockin End date 2 Aug 19, 2024 Jul 25, 2024

Financials

Go Digit IPO P/E ratio is 670.31, as compared to JNK India IPO P/E ratio of 43.32.

  Go Digit IPO JNK India IPO
Financial

Go Digit General Insurance Limited Financial Information (Restated)

Go Digit General Insurance Limited's revenue increased by 113.35% and profit after tax (PAT) rose by 112.01% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets3,619.953,346.752,919.011,874.80
Revenue130.8339.19-293.64-118.55
Profit After Tax129.0235.54-295.85-122.76
Net Worth2,459.342,325.471,866.871,134.57
Reserves and Surplus2,391.972,383.611,975.07973.14
Total Borrowing200.00
Amount in ₹ Crore

JNK India Limited Financial Information (Restated Consolidated)

JNK India Limited's revenue increased by 38.5% and profit after tax (PAT) rose by 28.84% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended31 Dec 202331 Mar 202331 Mar 202231 Mar 2021
Assets453.39337.78268.32125.12
Revenue256.76411.55297.14138.45
Profit After Tax46.2146.3635.9816.48
Net Worth168.56122.1772.1836.82
Reserves and Surplus158.88112.5762.5836.22
Total Borrowing56.7333.765.998.95
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 83.31% 94.56%
Promoter Shareholding (Post-Issue)
P/E Ratio 670.31 43.32
Market Cap ₹24947.90 Cr. ₹2308.27 Cr.
ROE 31.79%%
ROCE 34.73%%
Debt/Equity 0.34
EPS ₹0.41 ₹9.58
RoNW 5.25%% 31.79%%

Shares Offered

In the Go Digit IPO retail investors (RII) are offered 96,12,668 shares while in JNK India IPO retail investors are offered 96,12,668 shares. Qualified institutional buyers (QIB) are offered 2,88,38,007 shares in Go Digit IPO and 31,29,903 shares in JNK India IPO.

  Go Digit IPO JNK India IPO
Anchor Investor Reserveration 4,32,57,009 shares 46,94,989 shares
Market Maker Reserveration
QIB 2,88,38,007 shares 31,29,903 shares
NII 1,44,19,002 shares 23,47,497 shares
RII 96,12,668 shares 54,77,489 shares
Employee 0 shares 0 shares
Others
Total 5,28,69,677 shares 1,09,54,889 shares

Bids Received (Subscription)

Go Digit IPO subscribed 9.60x in total, whereas JNK India IPO subscribed 28.46x.

  Go Digit IPO JNK India IPO
QIB (times) 12.56x 74.40x
NII (times) 7.24x 23.80x
Big NII (times) 8.28x 27.73x
Small NII (times) 5.15x 15.94x
RII (times) 4.27x 4.20x
Employee (times)
Other (times)
Total (times) 9.60x 28.46x

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