JSW Infrastructure IPO vs Updater Services IPO

Comparision between JSW Infrastructure IPO and Updater Services IPO.

IPO Details

JSW Infrastructure IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Updater Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	JSW Infrastructure IPO	Updater Services 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	Jm Financial Limited Axis Capital Limited Credit Suisse Securities (India) Private Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited	Iifl Securities Ltd Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 JSW Infrastructure IPO is up to ₹2,800.00 Cr whereas the issue size of the Updater Services IPO is up to ₹640.00 Cr. The final issue price of JSW Infrastructure IPO is ₹119.00 per share and of Updater Services IPO is ₹300.00 per share.

	JSW Infrastructure IPO	Updater Services IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹113.00 per share	₹280.00 per share
Issue Price (Upper)	₹119.00 per share	₹300.00 per share
Issue Price (Final)	₹119.00 per share	₹300.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	126 shares	50 shares
Fresh Issue Size	23,52,94,118 shares	1,33,33,333 shares
Fresh Issue Size (Amount)	up to ₹2,800.00 Cr	up to ₹400.00 Cr
OFS Issue Size		80,00,000 shares
OFS Issue Size (Amount)		up to ₹240.00 Cr
Issue Size Total	23,52,94,118 shares	2,13,33,333 shares
Issue Size Total (Amount)	up to ₹2,800.00 Cr	up to ₹640.00 Cr

IPO Timetable

JSW Infrastructure IPO opens on Sep 25, 2023, while Updater Services IPO opens on Sep 25, 2023. The closing date of JSW Infrastructure IPO and Updater Services IPO is Sep 27, 2023, and Sep 27, 2023, respectively.

	JSW Infrastructure IPO	Updater Services IPO
Anchor Bid Date	Sep 22, 2023	Sep 22, 2023
Issue Open	Sep 25, 2023	Sep 25, 2023
Issue Close	Sep 27, 2023	Sep 27, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Sep 28, 2023
Initiation of Refunds (Tentative)	Sep 28, 2023	Sep 29, 2023
Credit of Share (Tentative)	Sep 29, 2023	Oct 03, 2023
Listing date (Tentative)	Oct 03, 2023	Oct 04, 2023
Anchor Lockin End date 1	Oct 28, 2023	Oct 28, 2023
Anchor Lockin End date 2	Dec 27, 2023	Dec 27, 2023

Financials

JSW Infrastructure IPO P/E ratio is 29.67, as compared to Updater Services IPO P/E ratio of 44.31.

JSW Infrastructure IPO

Updater Services IPO

Financial

JSW Infrastructure IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	7,191.85	8,254.55	9,429.46	9,450.66
Revenue	1,237.37	1,678.26	2,378.74	3,372.85
Profit After Tax	196.53	284.62	330.44	749.51
Net Worth	2,488.23	2,831.18	3,212.13	3,934.64
Reserves and Surplus	2,486.53	2,829.84	3,208.98	3,645.75
Total Borrowing	3,102.57	3,945.82	4,408.69	4,243.70

Amount in ₹ Crore

Updater Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	579.49	874.57	1,216.95
Revenue	1,216.35	1,497.89	2,112.09
Profit After Tax	47.56	57.37	34.61
Net Worth	285.26	340.43	380.89
Reserves and Surplus
Total Borrowing	11.61	58.68	176.54

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.42%

80.58%

Promoter Shareholding (Post-Issue)

85.61%

58.47%

P/E Ratio

29.67

44.31

Market Cap

₹24990.00 Cr.

₹2001.00 Cr.

ROE

18.33%%

9.40%%

ROCE

19.49%%

14.17%%

Debt/Equity

0.46

EPS

₹4.12

₹6.77

RoNW

18.80%%

9.34%%

Shares Offered

In the JSW Infrastructure IPO retail investors (RII) are offered 2,35,29,411 shares while in Updater Services IPO retail investors are offered 2,35,29,411 shares. Qualified institutional buyers (QIB) are offered 7,05,88,236 shares in JSW Infrastructure IPO and 64,00,000 shares in Updater Services IPO.

	JSW Infrastructure IPO	Updater Services IPO
Anchor Investor Reserveration	10,58,82,352 shares	96,00,000 shares
Market Maker Reserveration
QIB	7,05,88,236 shares	64,00,000 shares
NII	3,52,94,118 shares	32,00,000 shares
RII	2,35,29,411 shares	21,33,333 shares
Employee	0 shares	0 shares
Others
Total	12,94,11,765 shares	1,17,33,333 shares

Bids Received (Subscription)

JSW Infrastructure IPO subscribed 39.36x in total, whereas Updater Services IPO subscribed 2.96x.

	JSW Infrastructure IPO	Updater Services IPO
QIB (times)	60.12x	4.50x
NII (times)	16.83x	0.89x
Big NII (times)	17.94x	1.07x
Small NII (times)	14.62x	0.53x
RII (times)	10.87x	1.45x
Employee (times)
Other (times)
Total (times)	39.36x	2.96x

Compare with others

JSW Infrastructure IPO	Updater Services IPO
IRM Energy IPO	Mamaearth IPO
Plaza Wires IPO	Blue Jet Healthcare IPO
Updater Services IPO	Protean eGov Technologies IPO
Valiant Laboratories IPO	IRM Energy IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Plaza Wires IPO
Sai Silks (Kalamandir) IPO	Valiant Laboratories IPO
Yatra Online IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Zaggle Prepaid Ocean Services IPO	JSW Infrastructure IPO
R R Kabel IPO	Sai Silks (Kalamandir) IPO
SAMHI Hotels IPO	Yatra Online IPO

Comments

Add a public comment...