Adani Enterprises FPO vs KFin Technologies IPO

Comparision between Adani Enterprises FPO and KFin Technologies IPO.

IPO Details

Adani Enterprises FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while KFin Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Adani Enterprises FPO	KFin Technologies IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	ICICI Securities Limited Jefferies India Private Limited SBI Capital Markets Limited Axis Capital Limited Bob Capital Markets Limited Idbi Capital Market Services Limited Jm Financial Limited Iifl Securities Ltd Monarch Networth Capital Ltd Elara Capital (India) Private Limited	ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd Jefferies India Private Limited
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt Ltd
Market Maker
DRHP		DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Adani Enterprises FPO is up to ₹20,000.00 Cr whereas the issue size of the KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Adani Enterprises FPO is and of KFin Technologies IPO is ₹366.00 per share.

	Adani Enterprises FPO	KFin Technologies IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹3,112.00 per share	₹347.00 per share
Issue Price (Upper)	₹3,276.00 per share	₹366.00 per share
Issue Price (Final)		₹366.00 per share
Discount (Retail)	₹64.00 per share
Discount (Employee)
Market Lot Size	4 shares	40 shares
Fresh Issue Size	6,47,38,475 shares
Fresh Issue Size (Amount)	up to ₹20,000.00 Cr
OFS Issue Size		4,09,83,607 shares
OFS Issue Size (Amount)		up to ₹1,500.00 Cr
Issue Size Total	6,47,38,475 shares	4,09,83,607 shares
Issue Size Total (Amount)	up to ₹20,000.00 Cr	up to ₹1,500.00 Cr

IPO Timetable

Adani Enterprises FPO opens on Jan 27, 2023, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Adani Enterprises FPO and KFin Technologies IPO is Jan 31, 2023, and Dec 21, 2022, respectively.

	Adani Enterprises FPO	KFin Technologies IPO
Anchor Bid Date	Jan 25, 2023	Dec 16, 2022
Issue Open	Jan 27, 2023	Dec 19, 2022
Issue Close	Jan 31, 2023	Dec 21, 2022
Basis Of Allotment (Tentative)	Feb 03, 2023	Dec 26, 2022
Initiation of Refunds (Tentative)	Feb 06, 2023	Dec 27, 2022
Credit of Share (Tentative)	Feb 07, 2023	Dec 28, 2022
Listing date (Tentative)	Feb 08, 2023	Dec 29, 2022
Anchor Lockin End date 1	Mar 05, 2023	Jan 25, 2023
Anchor Lockin End date 2	May 04, 2023	Mar 26, 2023

Financials

Adani Enterprises FPO P/E ratio is , as compared to KFin Technologies IPO P/E ratio of 35.92.

Adani Enterprises FPO

KFin Technologies IPO

Financial

Adani Enterprises Limited Financial Information (Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	46898.36	44086.21	1039.99	18209.94	12604.91
31-Mar-21	51642.86	40290.93	1045.76	18910.01	16051.42
30-Sep-21	82324.68	26327.73	460.14	23176.28	32189.62
31-Mar-22	101760.19	70432.69	787.7	26928.37	41023.77
30-Sep-22	123091.28	79507.89	901.04	36176.4	40023.5
Amount in ₹ Crore

KFin Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1021.78	164.76	8.96	519.28	406.01
31-Mar-20	868.38	455.26	4.52	409.58	375.44
31-Mar-21	922.61	486.2	-64.51	346.4	346.13
30-Sep-21	973.26	293.43	67.8	269.95	321.44
31-Mar-22	1026.41	645.56	148.55	644.34	122.51
30-Sep-22	1114.81	353.76	85.34	736.72	126.24
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.63%

74.37%

Promoter Shareholding (Post-Issue)

49.91%

P/E Ratio

35.92

Market Cap

₹6133.02 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adani Enterprises FPO retail investors (RII) are offered 2,29,08,464 shares while in KFin Technologies IPO retail investors are offered 2,29,08,464 shares. Qualified institutional buyers (QIB) are offered 1,28,21,336 shares in Adani Enterprises FPO and 1,29,68,300 shares in KFin Technologies IPO.

	Adani Enterprises FPO	KFin Technologies IPO
Anchor Investor Reserveration		1,84,42,623 shares
Market Maker Reserveration
QIB	1,28,21,336 shares	1,29,68,300 shares
NII	96,16,323 shares	64,84,149 shares
RII	2,29,08,464 shares	43,22,766 shares
Employee	1,60,668 shares	0 shares
Others
Total	4,55,06,791 shares	2,37,75,215 shares

Bids Received (Subscription)

Adani Enterprises FPO subscribed 1.12x in total, whereas KFin Technologies IPO subscribed 2.59x.

	Adani Enterprises FPO	KFin Technologies IPO
QIB (times)	1.26x	4.17x
NII (times)	3.32x	0.23x
Big NII (times)	4.97x	0.25x
Small NII (times)	0.02x	0.20x
RII (times)	0.12x	1.36x
Employee (times)	0.55x
Other (times)
Total (times)	1.12x	2.59x

Compare with others

Adani Enterprises FPO	KFin Technologies IPO
Avalon Technologies IPO	Udayshivakumar Infra IPO
Udayshivakumar Infra IPO	Global Surfaces IPO
Global Surfaces IPO	Divgi TorqTransfer Systems IPO
Divgi TorqTransfer Systems IPO	Signatureglobal India IPO
Signatureglobal India IPO	Radiant Cash Management IPO
Radiant Cash Management IPO	Abans Holdings IPO
KFin Technologies IPO	Sah Polymers IPO
Abans Holdings IPO	Elin Electronics IPO
Sah Polymers IPO	Sula Vineyards IPO
Elin Electronics IPO	Dharmaj Crop Guard IPO

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