Avalon Technologies IPO vs KFin Technologies IPO

Comparision between Avalon Technologies IPO and KFin Technologies IPO.

IPO Details

Avalon Technologies IPO 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.

	Avalon Technologies IPO	KFin Technologies 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 Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	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	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 Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of KFin Technologies IPO is ₹366.00 per share.

	Avalon Technologies IPO	KFin Technologies IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹415.00 per share	₹347.00 per share
Issue Price (Upper)	₹436.00 per share	₹366.00 per share
Issue Price (Final)	₹436.00 per share	₹366.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	34 shares	40 shares
Fresh Issue Size	73,39,450 shares
Fresh Issue Size (Amount)	up to ₹320.00 Cr
OFS Issue Size	1,25,00,000 shares	4,09,83,607 shares
OFS Issue Size (Amount)	up to ₹545.00 Cr	up to ₹1,500.00 Cr
Issue Size Total	1,98,39,450 shares	4,09,83,607 shares
Issue Size Total (Amount)	up to ₹865.00 Cr	up to ₹1,500.00 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Avalon Technologies IPO and KFin Technologies IPO is Apr 06, 2023, and Dec 21, 2022, respectively.

	Avalon Technologies IPO	KFin Technologies IPO
Anchor Bid Date	Mar 31, 2023	Dec 16, 2022
Issue Open	Apr 03, 2023	Dec 19, 2022
Issue Close	Apr 06, 2023	Dec 21, 2022
Basis Of Allotment (Tentative)	Apr 12, 2023	Dec 26, 2022
Initiation of Refunds (Tentative)	Apr 13, 2023	Dec 27, 2022
Credit of Share (Tentative)	Apr 17, 2023	Dec 28, 2022
Listing date (Tentative)	Apr 18, 2023	Dec 29, 2022
Anchor Lockin End date 1	May 12, 2023	Jan 25, 2023
Anchor Lockin End date 2	Jul 11, 2023	Mar 26, 2023

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to KFin Technologies IPO P/E ratio of 35.92.

Avalon Technologies IPO

KFin Technologies IPO

Financial

Avalon Technologies Limited Financial Information (Restated Consolidated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-20	449.65	653.15	12.33	248.48
31-Mar-21	512.48	695.90	23.08	295.33
31-Mar-22	587.96	851.65	68.16	294.05
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)

70.75%

74.37%

Promoter Shareholding (Post-Issue)

51.24%

49.91%

P/E Ratio

55.54

35.92

Market Cap

₹2846.76 Cr.

₹6133.02 Cr.

ROE

85.90%%

ROCE

27.40%%

Debt/Equity

3.64

EPS

RoNW

Shares Offered

In the Avalon Technologies IPO retail investors (RII) are offered 19,83,944 shares while in KFin Technologies IPO retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 1,29,68,300 shares in KFin Technologies IPO.

	Avalon Technologies IPO	KFin Technologies IPO
Anchor Investor Reserveration	89,27,751 shares	1,84,42,623 shares
Market Maker Reserveration
QIB	59,15,011 shares	1,29,68,300 shares
NII	29,75,917 shares	64,84,149 shares
RII	19,83,944 shares	43,22,766 shares
Employee	0 shares	0 shares
Others
Total	1,08,44,186 shares	2,37,75,215 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas KFin Technologies IPO subscribed 2.59x.

	Avalon Technologies IPO	KFin Technologies IPO
QIB (times)	3.77x	4.17x
NII (times)	0.43x	0.23x
Big NII (times)	0.44x	0.25x
Small NII (times)	0.41x	0.20x
RII (times)	0.88x	1.36x
Employee (times)
Other (times)
Total (times)	2.34x	2.59x

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