Indegene IPO vs SRM Contractors IPO

Comparision between Indegene IPO and SRM Contractors IPO.

IPO Details

Indegene IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SRM Contractors IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indegene IPO	SRM Contractors 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Interactive Financial Services 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 Indegene IPO is up to ₹1,841.76 Cr whereas the issue size of the SRM Contractors IPO is up to ₹130.20 Cr. The final issue price of Indegene IPO is ₹452.00 per share and of SRM Contractors IPO is ₹210.00 per share.

	Indegene IPO	SRM Contractors IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹430.00 per share	₹200.00 per share
Issue Price (Upper)	₹452.00 per share	₹210.00 per share
Issue Price (Final)	₹452.00 per share	₹210.00 per share
Discount (Retail)
Discount (Employee)	₹30.00 per share
Market Lot Size	33 shares	70 shares
Fresh Issue Size	1,68,14,159 shares	62,00,000 shares
Fresh Issue Size (Amount)	up to ₹760.00 Cr	up to ₹130.20 Cr
OFS Issue Size	2,39,32,732 shares
OFS Issue Size (Amount)	up to ₹1,081.76 Cr
Issue Size Total	4,07,46,891 shares	62,00,000 shares
Issue Size Total (Amount)	up to ₹1,841.76 Cr	up to ₹130.20 Cr

IPO Timetable

Indegene IPO opens on May 06, 2024, while SRM Contractors IPO opens on Mar 26, 2024. The closing date of Indegene IPO and SRM Contractors IPO is May 08, 2024, and Mar 28, 2024, respectively.

	Indegene IPO	SRM Contractors IPO
Anchor Bid Date	May 03, 2024	Mar 22, 2024
Issue Open	May 06, 2024	Mar 26, 2024
Issue Close	May 08, 2024	Mar 28, 2024
Basis Of Allotment (Tentative)	May 09, 2024	Apr 01, 2024
Initiation of Refunds (Tentative)	May 10, 2024	Apr 02, 2024
Credit of Share (Tentative)	May 10, 2024	Apr 02, 2024
Listing date (Tentative)	May 13, 2024	Apr 03, 2024
Anchor Lockin End date 1	Jun 08, 2024	May 01, 2024
Anchor Lockin End date 2	Aug 07, 2024	Jun 30, 2024

Financials

Indegene IPO P/E ratio is 37.78, as compared to SRM Contractors IPO P/E ratio of 18.76.

Indegene IPO

SRM Contractors IPO

Financial

Indegene Limited Financial Information (Restated Consolidated)

Indegene Limited's revenue increased by 39.85% and profit after tax (PAT) rose by 63.43% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	2,518.15	2,203.87	1,353.47	596.04
Revenue	1,969.75	2,364.10	1,690.50	996.92
Profit After Tax	241.90	266.10	162.82	149.41
Net Worth	1,327.00	1,063.72	763.90	324.51
Reserves and Surplus	1,282.65	1,019.43	763.55	324.19
Total Borrowing	399.33	394.34	18.24	24.76
Amount in ₹ Crore

SRM Contractors Limited Financial Information (Restated Consolidated)

SRM Contractors Limited's revenue increased by 13.24% and profit after tax (PAT) rose by 6.71% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	168.87	137.36	120.22	112.47
Revenue	242.28	300.65	265.51	161.95
Profit After Tax	21.07	18.75	17.57	8.27
Net Worth	37.24	63.16	44.41	26.85
Reserves and Surplus	67.48	46.41	42.89	25.32
Total Borrowing	42.32	47.16	31.52	31.96
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

30.71%

99.92%

Promoter Shareholding (Post-Issue)

72.92%

P/E Ratio

37.78

18.76

Market Cap

₹10814.07 Cr.

₹481.83 Cr.

ROE

ROCE

29.43%%

Debt/Equity

0.3

0.5

EPS

₹11.96

₹11.20

RoNW

18.23%%

25.02%%

Shares Offered

In the Indegene IPO retail investors (RII) are offered 1,41,64,620 shares while in SRM Contractors IPO retail investors are offered 1,41,64,620 shares. Qualified institutional buyers (QIB) are offered 80,94,069 shares in Indegene IPO and 12,40,100 shares in SRM Contractors IPO.

	Indegene IPO	SRM Contractors IPO
Anchor Investor Reserveration	1,21,41,102 shares	18,59,900 shares
Market Maker Reserveration
QIB	80,94,069 shares	12,40,100 shares
NII	60,70,552 shares	9,30,000 shares
RII	1,41,64,620 shares	21,70,000 shares
Employee	2,96,209 shares	0 shares
Others
Total	2,86,25,450 shares	43,40,100 shares

Bids Received (Subscription)

Indegene IPO subscribed 70.30x in total, whereas SRM Contractors IPO subscribed 86.57x.

	Indegene IPO	SRM Contractors IPO
QIB (times)	192.72x	59.59x
NII (times)	55.91x	214.94x
Big NII (times)	62.23x	220.57x
Small NII (times)	43.26x	203.67x
RII (times)	7.86x	46.97x
Employee (times)	6.62x
Other (times)
Total (times)	70.30x	86.57x

Compare with others

Indegene IPO	SRM Contractors IPO
Awfis Space Solutions IPO	TBO Tek IPO
Go Digit IPO	Indegene IPO
Aadhar Housing Finance IPO	JNK India IPO
TBO Tek IPO	VI FPO
JNK India IPO	Bharti Hexacom IPO
VI FPO	Popular Vehicles & Services IPO
Bharti Hexacom IPO	Gopal Namkeen IPO
SRM Contractors IPO	Krystal Integrated Services IPO
Popular Vehicles & Services IPO	JG Chemicals IPO
	Bharat Highways InvIT

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