Muthoot Microfin IPO vs RBZ Jewellers IPO

Comparision between Muthoot Microfin IPO and RBZ Jewellers IPO.

IPO Details

Muthoot Microfin IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RBZ Jewellers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Muthoot Microfin IPO	RBZ Jewellers 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	ICICI Securities Limited Axis Capital Limited Jm Financial Limited SBI Capital Markets Limited	Arihant Capital Markets Ltd
Registrar	Kfin Technologies Limited	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 Muthoot Microfin IPO is up to ₹960.00 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Muthoot Microfin IPO is ₹291.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.

	Muthoot Microfin IPO	RBZ Jewellers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹277.00 per share	₹95.00 per share
Issue Price (Upper)	₹291.00 per share	₹100.00 per share
Issue Price (Final)	₹291.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)	₹14.00 per share
Market Lot Size	51 shares	150 shares
Fresh Issue Size	2,61,16,838 shares	1,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹760.00 Cr	up to ₹100.00 Cr
OFS Issue Size	68,72,852 shares
OFS Issue Size (Amount)	up to ₹200.00 Cr
Issue Size Total	3,29,89,690 shares	1,00,00,000 shares
Issue Size Total (Amount)	up to ₹960.00 Cr	up to ₹100.00 Cr

IPO Timetable

Muthoot Microfin IPO opens on Dec 18, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Muthoot Microfin IPO and RBZ Jewellers IPO is Dec 20, 2023, and Dec 21, 2023, respectively.

	Muthoot Microfin IPO	RBZ Jewellers IPO
Anchor Bid Date	Dec 15, 2023	Dec 18, 2023
Issue Open	Dec 18, 2023	Dec 19, 2023
Issue Close	Dec 20, 2023	Dec 21, 2023
Basis Of Allotment (Tentative)	Dec 21, 2023	Dec 22, 2023
Initiation of Refunds (Tentative)	Dec 22, 2023	Dec 26, 2023
Credit of Share (Tentative)	Dec 22, 2023	Dec 26, 2023
Listing date (Tentative)	Dec 26, 2023	Dec 27, 2023
Anchor Lockin End date 1	Jan 20, 2024	Jan 21, 2024
Anchor Lockin End date 2	Mar 20, 2024	Mar 21, 2024

Financials

Muthoot Microfin IPO P/E ratio is 24.96, as compared to RBZ Jewellers IPO P/E ratio of 13.77.

Muthoot Microfin IPO

RBZ Jewellers IPO

Financial

Muthoot Microfin Limited Financial Information (Restated)

Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,529.20	5,591.46	4,183.85
Revenue	1,446.34	842.94	696.28
Profit After Tax	163.89	47.40	7.05
Net Worth	1,625.85	1,336.58	889.89
Reserves and Surplus	1,282.15	1,040.10	642.84
Total Borrowing	6,493.18	3,996.61	3,015.66
Amount in ₹ Crore

RBZ Jewellers Limited Financial Information (Restated)

RBZ Jewellers Limited's revenue increased by 14.69% and profit after tax (PAT) rose by 55.03% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Sep 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	234.76	206.84	154.03	123.74
Revenue	125.52	289.63	252.53	107.71
Profit After Tax	12.09	22.33	14.41	9.75
Net Worth	104.57	92.47	70.03	55.55
Reserves and Surplus	74.02	61.93	65.60	51.19
Total Borrowing	101.84	95.79	59.71	54.90
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

69.08%

100%

Promoter Shareholding (Post-Issue)

55.47%

75%

P/E Ratio

24.96

13.77

Market Cap

₹4960.82 Cr.

₹400.00 Cr.

ROE

11.06%%

27.49%%

ROCE

27.49%%

Debt/Equity

3.99

1.02

EPS

₹11.98

₹7.44

RoNW

10.08%%

20.08%%

Shares Offered

In the Muthoot Microfin IPO retail investors (RII) are offered 1,14,26,117 shares while in RBZ Jewellers IPO retail investors are offered 1,14,26,117 shares. Qualified institutional buyers (QIB) are offered 65,29,210 shares in Muthoot Microfin IPO and 14,00,000 shares in RBZ Jewellers IPO.

	Muthoot Microfin IPO	RBZ Jewellers IPO
Anchor Investor Reserveration	97,93,812 shares	21,00,000 shares
Market Maker Reserveration
QIB	65,29,210 shares	14,00,000 shares
NII	48,96,907 shares	30,00,000 shares
RII	1,14,26,117 shares	35,00,000 shares
Employee	0 shares	0 shares
Others
Total	2,28,52,234 shares	79,00,000 shares

Bids Received (Subscription)

Muthoot Microfin IPO subscribed 12.30x in total, whereas RBZ Jewellers IPO subscribed 16.86x.

	Muthoot Microfin IPO	RBZ Jewellers IPO
QIB (times)	18.35x	13.43x
NII (times)	13.87x	9.27x
Big NII (times)	12.96x	6.79x
Small NII (times)	15.69x	14.21x
RII (times)	8.00x	24.74x
Employee (times)
Other (times)
Total (times)	12.30x	16.86x

Compare with others

Muthoot Microfin IPO	RBZ Jewellers IPO
Suraj Estate Developers IPO	Innova Captab IPO
RBZ Jewellers IPO	Azad Engineering IPO
Motisons Jewellers IPO	Mufti Menswear IPO
Mukka Proteins IPO	Inox CVA IPO
Happy Forgings IPO	Suraj Estate Developers IPO
DOMS IPO	Motisons Jewellers IPO
Flair Writing IPO	Mukka Proteins IPO
IREDA IPO	Happy Forgings IPO
Fedbank Financial Services IPO	Muthoot Microfin IPO
Gandhar Oil Refinery India IPO	DOMS IPO

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