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Avalon Technologies IPO vs Radiant Cash Management IPO

Comparision between Avalon Technologies IPO and Radiant Cash Management IPO.

IPO Details

Avalon Technologies IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Avalon Technologies IPO is up to ₹865.00 Cr whereas the issue size of the Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Avalon Technologies IPO is ₹436.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.

  Avalon Technologies IPO Radiant Cash Management IPO
Face Value ₹2 per share ₹1 per share
Issue Price (Lower) ₹415.00 per share ₹94.00 per share
Issue Price (Upper) ₹436.00 per share ₹99.00 per share
Issue Price (Final) ₹436.00 per share ₹94.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 34 shares 150 shares
Fresh Issue Size 73,39,450 shares 54,54,546 shares
Fresh Issue Size (Amount) up to ₹320.00 Cr up to ₹54.00 Cr
OFS Issue Size 1,25,00,000 shares 2,12,22,431 shares
OFS Issue Size (Amount) up to ₹545.00 Cr up to ₹202.64 Cr
Issue Size Total 1,98,39,450 shares 2,66,76,977 shares
Issue Size Total (Amount) up to ₹865.00 Cr up to ₹256.64 Cr

IPO Timetable

Avalon Technologies IPO opens on Apr 03, 2023, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Avalon Technologies IPO and Radiant Cash Management IPO is Apr 06, 2023, and Dec 27, 2022, respectively.

  Avalon Technologies IPO Radiant Cash Management IPO
Anchor Bid Date Mar 31, 2023 Dec 22, 2022
Issue Open Apr 03, 2023 Dec 23, 2022
Issue Close Apr 06, 2023 Dec 27, 2022
Basis Of Allotment (Tentative) Apr 12, 2023 Dec 30, 2022
Initiation of Refunds (Tentative) Apr 13, 2023 Jan 02, 2023
Credit of Share (Tentative) Apr 17, 2023 Jan 03, 2023
Listing date (Tentative) Apr 18, 2023 Jan 04, 2023
Anchor Lockin End date 1 May 12, 2023 Jan 29, 2023
Anchor Lockin End date 2 Jul 11, 2023 Mar 30, 2023

Financials

Avalon Technologies IPO P/E ratio is 55.54, as compared to Radiant Cash Management IPO P/E ratio of 17.34.

  Avalon Technologies IPO Radiant Cash Management IPO
Financial
Avalon Technologies Limited Financial Information (Restated Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-20449.65653.1512.33248.48
31-Mar-21512.48695.9023.08295.33
31-Mar-22587.96851.6568.16294.05
Amount in ₹ Crore
Radiant Cash Management Services Limited Financial Information (Consolidated)
Period EndedTotal AssetsTotal RevenueProfit After TaxNet WorthTotal Borrowing
31-Mar-19141.44223.1325.02105.7217.73
31-Mar-20157.62251.7836.5119.5721.13
31-Mar-21162.14224.1632.43127.111.05
31-Mar-22190.57286.9738.21139.7626.75
30-Jun-22203.9584.3815.32155.1925.54
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 70.75% 66.39%
Promoter Shareholding (Post-Issue) 51.24% 53.21%
P/E Ratio 55.54 17.34
Market Cap ₹2846.76 Cr. ₹1062.41 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 Radiant Cash Management IPO retail investors are offered 19,83,944 shares. Qualified institutional buyers (QIB) are offered 59,15,011 shares in Avalon Technologies IPO and 78,37,121 shares in Radiant Cash Management IPO.

  Avalon Technologies IPO Radiant Cash Management IPO
Anchor Investor Reserveration 89,27,751 shares
Market Maker Reserveration
QIB 59,15,011 shares 78,37,121 shares
NII 29,75,917 shares 58,77,841 shares
RII 19,83,944 shares 1,37,14,963 shares
Employee 0 shares 0 shares
Others
Total 1,08,44,186 shares 2,74,29,925 shares

Bids Received (Subscription)

Avalon Technologies IPO subscribed 2.34x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

  Avalon Technologies IPO Radiant Cash Management IPO
QIB (times) 3.77x 1.01x
NII (times) 0.43x 0.66x
Big NII (times) 0.44x 0.94x
Small NII (times) 0.41x 0.09x
RII (times) 0.88x 0.21x
Employee (times)
Other (times)
Total (times) 2.34x 0.53x

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