JSW Infrastructure IPO vs Zaggle Prepaid Ocean Services IPO

Comparision between JSW Infrastructure IPO and Zaggle Prepaid Ocean Services IPO.

IPO Details

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

	JSW Infrastructure IPO	Zaggle Prepaid Ocean 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	ICICI Securities Limited Equirus Capital Private Limited Iifl Securities Ltd Jm Financial Limited
Registrar	Kfin Technologies Limited	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 JSW Infrastructure IPO is up to ₹2,800.00 Cr whereas the issue size of the Zaggle Prepaid Ocean Services IPO is up to ₹563.38 Cr. The final issue price of JSW Infrastructure IPO is ₹119.00 per share and of Zaggle Prepaid Ocean Services IPO is ₹164.00 per share.

	JSW Infrastructure IPO	Zaggle Prepaid Ocean Services IPO
Face Value	₹2 per share	₹1 per share
Issue Price (Lower)	₹113.00 per share	₹156.00 per share
Issue Price (Upper)	₹119.00 per share	₹164.00 per share
Issue Price (Final)	₹119.00 per share	₹164.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	126 shares	90 shares
Fresh Issue Size	23,52,94,118 shares	2,39,02,439 shares
Fresh Issue Size (Amount)	up to ₹2,800.00 Cr	up to ₹392.00 Cr
OFS Issue Size		1,04,49,816 shares
OFS Issue Size (Amount)		up to ₹171.38 Cr
Issue Size Total	23,52,94,118 shares	3,43,52,255 shares
Issue Size Total (Amount)	up to ₹2,800.00 Cr	up to ₹563.38 Cr

IPO Timetable

JSW Infrastructure IPO opens on Sep 25, 2023, while Zaggle Prepaid Ocean Services IPO opens on Sep 14, 2023. The closing date of JSW Infrastructure IPO and Zaggle Prepaid Ocean Services IPO is Sep 27, 2023, and Sep 18, 2023, respectively.

	JSW Infrastructure IPO	Zaggle Prepaid Ocean Services IPO
Anchor Bid Date	Sep 22, 2023	Sep 13, 2023
Issue Open	Sep 25, 2023	Sep 14, 2023
Issue Close	Sep 27, 2023	Sep 18, 2023
Basis Of Allotment (Tentative)	Sep 28, 2023	Sep 22, 2023
Initiation of Refunds (Tentative)	Sep 28, 2023	Sep 25, 2023
Credit of Share (Tentative)	Sep 29, 2023	Sep 26, 2023
Listing date (Tentative)	Oct 03, 2023	Sep 22, 2023
Anchor Lockin End date 1	Oct 28, 2023	Oct 22, 2023
Anchor Lockin End date 2	Dec 27, 2023	Dec 21, 2023

Financials

JSW Infrastructure IPO P/E ratio is 29.67, as compared to Zaggle Prepaid Ocean Services IPO P/E ratio of 66.67.

JSW Infrastructure IPO

Zaggle Prepaid Ocean 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

Zaggle Prepaid Ocean Services IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2023
Assets	234.76
Revenue	554.58
Profit After Tax	22.90
Net Worth	48.75
Reserves and Surplus	39.36
Total Borrowing	121.07

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

96.42%

57.91%

Promoter Shareholding (Post-Issue)

85.61%

P/E Ratio

29.67

66.67

Market Cap

₹24990.00 Cr.

₹2002.00 Cr.

ROE

18.33%%

46.98%%

ROCE

19.49%%

Debt/Equity

2.48

EPS

₹4.12

₹2.46

RoNW

18.80%%

46.98%%

Shares Offered

In the JSW Infrastructure IPO retail investors (RII) are offered 2,35,29,411 shares while in Zaggle Prepaid Ocean 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 1,03,05,677 shares in Zaggle Prepaid Ocean Services IPO.

	JSW Infrastructure IPO	Zaggle Prepaid Ocean Services IPO
Anchor Investor Reserveration	10,58,82,352 shares	1,54,58,515 shares
Market Maker Reserveration
QIB	7,05,88,236 shares	1,03,05,677 shares
NII	3,52,94,118 shares	51,52,838 shares
RII	2,35,29,411 shares	34,35,225 shares
Employee	0 shares	0 shares
Others
Total	12,94,11,765 shares	1,88,93,740 shares

Bids Received (Subscription)

JSW Infrastructure IPO subscribed 39.36x in total, whereas Zaggle Prepaid Ocean Services IPO subscribed 12.86x.

	JSW Infrastructure IPO	Zaggle Prepaid Ocean Services IPO
QIB (times)	60.12x	16.94x
NII (times)	16.83x	9.16x
Big NII (times)	17.94x	10.36x
Small NII (times)	14.62x	6.76x
RII (times)	10.87x	6.15x
Employee (times)
Other (times)
Total (times)	39.36x	12.86x

Compare with others

JSW Infrastructure IPO	Zaggle Prepaid Ocean Services IPO
IRM Energy IPO	Valiant Laboratories IPO
Plaza Wires IPO	Manoj Vaibhav Gems 'N' Jewellers IPO
Updater Services IPO	JSW Infrastructure IPO
Valiant Laboratories IPO	Sai Silks (Kalamandir) IPO
Manoj Vaibhav Gems 'N' Jewellers IPO	Yatra Online IPO
Sai Silks (Kalamandir) IPO	R R Kabel IPO
Yatra Online IPO	SAMHI Hotels IPO
Zaggle Prepaid Ocean Services IPO	EMS IPO
R R Kabel IPO	Jupiter Life Line Hospitals IPO
SAMHI Hotels IPO	Rishabh Instruments IPO

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