Happy Forgings IPO vs RBZ Jewellers IPO

Comparision between Happy Forgings IPO and RBZ Jewellers IPO.

IPO Details

Happy Forgings 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.

	Happy Forgings 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	Jm Financial Limited Axis Capital Limited Equirus Capital Private Limited Motilal Oswal Investment Advisors Limited	Arihant Capital Markets Ltd
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 Happy Forgings IPO is up to ₹1,008.59 Cr whereas the issue size of the RBZ Jewellers IPO is up to ₹100.00 Cr. The final issue price of Happy Forgings IPO is ₹850.00 per share and of RBZ Jewellers IPO is ₹100.00 per share.

	Happy Forgings IPO	RBZ Jewellers IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹808.00 per share	₹95.00 per share
Issue Price (Upper)	₹850.00 per share	₹100.00 per share
Issue Price (Final)	₹850.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	17 shares	150 shares
Fresh Issue Size	47,05,882 shares	1,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹100.00 Cr
OFS Issue Size	71,59,920 shares
OFS Issue Size (Amount)	up to ₹608.59 Cr
Issue Size Total	1,18,65,802 shares	1,00,00,000 shares
Issue Size Total (Amount)	up to ₹1,008.59 Cr	up to ₹100.00 Cr

IPO Timetable

Happy Forgings IPO opens on Dec 19, 2023, while RBZ Jewellers IPO opens on Dec 19, 2023. The closing date of Happy Forgings IPO and RBZ Jewellers IPO is Dec 21, 2023, and Dec 21, 2023, respectively.

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

Financials

Happy Forgings IPO P/E ratio is 36.45, as compared to RBZ Jewellers IPO P/E ratio of 13.77.

Happy Forgings IPO

RBZ Jewellers IPO

Financial

Happy Forgings Limited Financial Information (Restated Standalone)

Happy Forgings Limited's revenue increased by 38.81% and profit after tax (PAT) rose by 46.67% 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	1,489.80	1,326.17	1,129.87	876.38
Revenue	675.73	1,202.27	866.11	590.81
Profit After Tax	119.30	208.70	142.29	86.45
Net Worth	1,103.33	988.31	787.62	645.16
Reserves and Surplus	1,088.25	978.66	769.72	636.21
Total Borrowing	258.97	218.52	240.35	153.47
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)

88.24%

100%

Promoter Shareholding (Post-Issue)

78.60%

75%

P/E Ratio

36.45

13.77

Market Cap

₹8007.42 Cr.

₹400.00 Cr.

ROE

21.12%%

27.49%%

ROCE

24.24%%

27.49%%

Debt/Equity

1.02

EPS

₹23.32

₹7.44

RoNW

21.12%%

20.08%%

Shares Offered

In the Happy Forgings IPO retail investors (RII) are offered 41,53,031 shares while in RBZ Jewellers IPO retail investors are offered 41,53,031 shares. Qualified institutional buyers (QIB) are offered 23,73,160 shares in Happy Forgings IPO and 14,00,000 shares in RBZ Jewellers IPO.

	Happy Forgings IPO	RBZ Jewellers IPO
Anchor Investor Reserveration	35,59,740 shares	21,00,000 shares
Market Maker Reserveration
QIB	23,73,160 shares	14,00,000 shares
NII	17,79,870 shares	30,00,000 shares
RII	41,53,031 shares	35,00,000 shares
Employee	0 shares	0 shares
Others
Total	83,06,061 shares	79,00,000 shares

Bids Received (Subscription)

Happy Forgings IPO subscribed 82.63x in total, whereas RBZ Jewellers IPO subscribed 16.86x.

	Happy Forgings IPO	RBZ Jewellers IPO
QIB (times)	214.65x	13.43x
NII (times)	63.45x	9.27x
Big NII (times)	69.87x	6.79x
Small NII (times)	50.61x	14.21x
RII (times)	15.40x	24.74x
Employee (times)
Other (times)
Total (times)	82.63x	16.86x

Compare with others

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

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