Elin Electronics IPO vs Sula Vineyards IPO

Comparision between Elin Electronics IPO and Sula Vineyards IPO.

IPO Details

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

	Elin Electronics IPO	Sula Vineyards 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	Kotak Mahindra Capital Company Limited Clsa India Private Limited Iifl Securities Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Elin Electronics IPO is ₹247.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

	Elin Electronics IPO	Sula Vineyards IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹234.00 per share	₹340.00 per share
Issue Price (Upper)	₹247.00 per share	₹357.00 per share
Issue Price (Final)	₹247.00 per share	₹357.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	42 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹175.00 Cr
OFS Issue Size		2,69,00,530 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹960.35 Cr
Issue Size Total		2,69,00,530 shares
Issue Size Total (Amount)	up to ₹475.00 Cr	up to ₹960.35 Cr

IPO Timetable

Elin Electronics IPO opens on Dec 20, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Elin Electronics IPO and Sula Vineyards IPO is Dec 22, 2022, and Dec 14, 2022, respectively.

	Elin Electronics IPO	Sula Vineyards IPO
Anchor Bid Date	Dec 19, 2022	Dec 09, 2022
Issue Open	Dec 20, 2022	Dec 12, 2022
Issue Close	Dec 22, 2022	Dec 14, 2022
Basis Of Allotment (Tentative)	Dec 27, 2022	Dec 19, 2022
Initiation of Refunds (Tentative)	Dec 28, 2022	Dec 20, 2022
Credit of Share (Tentative)	Dec 29, 2022	Dec 21, 2022
Listing date (Tentative)	Dec 30, 2022	Dec 22, 2022
Anchor Lockin End date 1	Jan 26, 2023	Jan 18, 2023
Anchor Lockin End date 2	Mar 27, 2023	Mar 19, 2023

Financials

Elin Electronics IPO P/E ratio is 29.69, as compared to Sula Vineyards IPO P/E ratio of 49.24.

Elin Electronics IPO

Sula Vineyards IPO

Financial

Elin Electronics Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Total Borrowing
31-Mar-19	397.73	829.74	29.07	86.64
31-Mar-20	387.63	786.37	27.49	69.89
31-Mar-21	508.31	864.9	34.86	113.77
31-Mar-22	532.61	1094.67	39.15	102.33
30-Sep-22	589.24	604.74	20.67	102.77
Amount in ₹ Crore

Sula Vineyards Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	831.04	523.21	-15.94	299.95	368.24
31-Mar-21	751.6	421.53	3.01	304.74	301.26
30-Sep-21	717.55	160.46	4.53	344.32	262.45
31-Mar-22	758.56	456.7	52.14	395.26	228.93
30-Sep-22	770.95	225.76	30.51	449.18	214.64
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

53.98%

28.44%

Promoter Shareholding (Post-Issue)

32.93%

27.33%

P/E Ratio

29.69

49.24

Market Cap

₹1226.58 Cr.

₹3005.90 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Elin Electronics IPO retail investors (RII) are offered 71,04,693 shares while in Sula Vineyards IPO retail investors are offered 71,04,693 shares. Qualified institutional buyers (QIB) are offered 40,59,824 shares in Elin Electronics IPO and 53,80,106 shares in Sula Vineyards IPO.

	Elin Electronics IPO	Sula Vineyards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	40,59,824 shares	53,80,106 shares
NII	30,44,869 shares	40,35,080 shares
RII	71,04,693 shares	94,15,186 shares
Employee	0 shares	0 shares
Others
Total	1,42,09,386 shares	1,88,30,372 shares

Bids Received (Subscription)

Elin Electronics IPO subscribed 3.09x in total, whereas Sula Vineyards IPO subscribed 2.33x.

	Elin Electronics IPO	Sula Vineyards IPO
QIB (times)	4.51x	4.13x
NII (times)	3.29x	1.51x
Big NII (times)	2.99x	1.69x
Small NII (times)	3.89x	1.15x
RII (times)	2.20x	1.65x
Employee (times)
Other (times)
Total (times)	3.09x	2.33x

Compare with others

Elin Electronics IPO	Sula Vineyards IPO
Signatureglobal India IPO	Radiant Cash Management IPO
Radiant Cash Management IPO	KFin Technologies IPO
KFin Technologies IPO	Abans Holdings IPO
Abans Holdings IPO	Sah Polymers IPO
Sah Polymers IPO	Elin Electronics IPO
Sula Vineyards IPO	Dharmaj Crop Guard IPO
Dharmaj Crop Guard IPO	Landmark Cars IPO
Landmark Cars IPO	Keystone Realtors IPO
Keystone Realtors IPO	Inox Green Energy IPO
Inox Green Energy IPO	Archean Chemical IPO

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