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Elin Electronics IPO vs Signatureglobal India IPO

Comparision between Elin Electronics IPO and Signatureglobal India IPO.

IPO Details

Elin Electronics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Signatureglobal India IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Elin Electronics IPO Signatureglobal India IPO
Logo Elin Electronics IPO Logo Signatureglobal India 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 Axis Capital Limited

Jm Financial Limited
ICICI Securities Limited

Axis Capital Limited

Kotak Mahindra Capital Company Limited
Registrar Kfin Technologies Limited Link Intime India Private 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 Elin Electronics IPO is up to ₹475.00 Cr whereas the issue size of the Signatureglobal India IPO is up to ₹730.00 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Signatureglobal India IPO is ₹385.00 per share.

  Elin Electronics IPO Signatureglobal India IPO
Face Value ₹5 per share ₹1 per share
Issue Price (Lower) ₹234.00 per share ₹366.00 per share
Issue Price (Upper) ₹247.00 per share ₹385.00 per share
Issue Price (Final) ₹247.00 per share ₹385.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 60 shares 38 shares
Fresh Issue Size 1,56,62,338 shares
Fresh Issue Size (Amount) up to ₹175.00 Cr up to ₹603.00 Cr
OFS Issue Size 32,98,701 shares
OFS Issue Size (Amount) up to ₹300.00 Cr up to ₹127.00 Cr
Issue Size Total 1,89,61,039 shares
Issue Size Total (Amount) up to ₹475.00 Cr up to ₹730.00 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Signatureglobal India IPO opens on Sep 20, 2023. The closing date of Elin Electronics IPO and Signatureglobal India IPO is Dec 22, 2022, and Sep 22, 2023, respectively.

  Elin Electronics IPO Signatureglobal India IPO
Anchor Bid Date Dec 19, 2022 Sep 18, 2023
Issue Open Dec 20, 2022 Sep 20, 2023
Issue Close Dec 22, 2022 Sep 22, 2023
Basis Of Allotment (Tentative) Dec 27, 2022 Sep 27, 2023
Initiation of Refunds (Tentative) Dec 28, 2022 Sep 29, 2023
Credit of Share (Tentative) Dec 29, 2022 Oct 03, 2023
Listing date (Tentative) Dec 30, 2022 Sep 27, 2023
Anchor Lockin End date 1 Jan 26, 2023 Oct 27, 2023
Anchor Lockin End date 2 Mar 27, 2023 Dec 26, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to Signatureglobal India IPO P/E ratio of .

  Elin Electronics IPO Signatureglobal India IPO
Financial
Elin Electronics Limited Financial Information (Restated)
Period EndedTotal AssetsTotal RevenueProfit After TaxTotal Borrowing
31-Mar-19397.73829.7429.0786.64
31-Mar-20387.63786.3727.4969.89
31-Mar-21508.31864.934.86113.77
31-Mar-22532.611094.6739.15102.33
30-Sep-22589.24604.7420.67102.77
Amount in ₹ Crore
Signatureglobal India IPO Financial Information (Restated Consolidated)
Period Ended31 Mar 202031 Mar 202131 Mar 202231 Mar 2023
Assets2,930.523,762.374,430.855,999.13
Revenue263.03154.72939.601,585.88
Profit After Tax-56.57-86.28-115.50-63.72
Net Worth-93.07-206.87-352.2247.54
Reserves and Surplus-128.87-210.78-364.0134.08
Total Borrowing969.361,176.381,157.531,709.75
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 53.98% 78.36%
Promoter Shareholding (Post-Issue) 32.93% 69.63%
P/E Ratio 29.69
Market Cap ₹1226.58 Cr. ₹5409.66 Cr.
ROE -134.0%%
ROCE 1%%
Debt/Equity 34.1
EPS ₹-5.44
RoNW

Shares Offered

In the Elin Electronics IPO retail investors (RII) are offered 71,04,693 shares while in Signatureglobal India IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 59,48,079 shares in Signatureglobal India IPO.

  Elin Electronics IPO Signatureglobal India IPO
Anchor Investor Reserveration 82,72,700 shares
Market Maker Reserveration
QIB 40,59,824 shares 59,48,079 shares
NII 30,44,869 shares 28,44,156 shares
RII 71,04,693 shares 18,96,104 shares
Employee 0 shares 0 shares
Others
Total 1,42,09,386 shares 1,06,88,339 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Signatureglobal India IPO subscribed 12.50x.

  Elin Electronics IPO Signatureglobal India IPO
QIB (times) 4.51x 13.37x
NII (times) 3.29x 14.24x
Big NII (times) 2.99x 16.60x
Small NII (times) 3.89x 9.53x
RII (times) 2.20x 7.17x
Employee (times)
Other (times)
Total (times) 3.09x 12.50x

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