KFin Technologies IPO vs Sula Vineyards IPO

Comparision between KFin Technologies IPO and Sula Vineyards IPO.

IPO Details

KFin Technologies 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.

	KFin Technologies 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	ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd Jefferies India Private Limited	Kotak Mahindra Capital Company Limited Clsa India Private Limited Iifl Securities Ltd
Registrar	Bigshare Services Pvt Ltd	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 KFin Technologies IPO is up to ₹1,500.00 Cr whereas the issue size of the Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of KFin Technologies IPO is ₹366.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

	KFin Technologies IPO	Sula Vineyards IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹347.00 per share	₹340.00 per share
Issue Price (Upper)	₹366.00 per share	₹357.00 per share
Issue Price (Final)	₹366.00 per share	₹357.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	42 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	4,09,83,607 shares	2,69,00,530 shares
OFS Issue Size (Amount)	up to ₹1,500.00 Cr	up to ₹960.35 Cr
Issue Size Total	4,09,83,607 shares	2,69,00,530 shares
Issue Size Total (Amount)	up to ₹1,500.00 Cr	up to ₹960.35 Cr

IPO Timetable

KFin Technologies IPO opens on Dec 19, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of KFin Technologies IPO and Sula Vineyards IPO is Dec 21, 2022, and Dec 14, 2022, respectively.

	KFin Technologies IPO	Sula Vineyards IPO
Anchor Bid Date	Dec 16, 2022	Dec 09, 2022
Issue Open	Dec 19, 2022	Dec 12, 2022
Issue Close	Dec 21, 2022	Dec 14, 2022
Basis Of Allotment (Tentative)	Dec 26, 2022	Dec 19, 2022
Initiation of Refunds (Tentative)	Dec 27, 2022	Dec 20, 2022
Credit of Share (Tentative)	Dec 28, 2022	Dec 21, 2022
Listing date (Tentative)	Dec 29, 2022	Dec 22, 2022
Anchor Lockin End date 1	Jan 25, 2023	Jan 18, 2023
Anchor Lockin End date 2	Mar 26, 2023	Mar 19, 2023

Financials

KFin Technologies IPO P/E ratio is 35.92, as compared to Sula Vineyards IPO P/E ratio of 49.24.

KFin Technologies IPO

Sula Vineyards IPO

Financial

KFin Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1021.78	164.76	8.96	519.28	406.01
31-Mar-20	868.38	455.26	4.52	409.58	375.44
31-Mar-21	922.61	486.2	-64.51	346.4	346.13
30-Sep-21	973.26	293.43	67.8	269.95	321.44
31-Mar-22	1026.41	645.56	148.55	644.34	122.51
30-Sep-22	1114.81	353.76	85.34	736.72	126.24
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)

74.37%

28.44%

Promoter Shareholding (Post-Issue)

49.91%

27.33%

P/E Ratio

35.92

49.24

Market Cap

₹6133.02 Cr.

₹3005.90 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the KFin Technologies IPO retail investors (RII) are offered 43,22,766 shares while in Sula Vineyards IPO retail investors are offered 43,22,766 shares. Qualified institutional buyers (QIB) are offered 1,29,68,300 shares in KFin Technologies IPO and 53,80,106 shares in Sula Vineyards IPO.

	KFin Technologies IPO	Sula Vineyards IPO
Anchor Investor Reserveration	1,84,42,623 shares
Market Maker Reserveration
QIB	1,29,68,300 shares	53,80,106 shares
NII	64,84,149 shares	40,35,080 shares
RII	43,22,766 shares	94,15,186 shares
Employee	0 shares	0 shares
Others
Total	2,37,75,215 shares	1,88,30,372 shares

Bids Received (Subscription)

KFin Technologies IPO subscribed 2.59x in total, whereas Sula Vineyards IPO subscribed 2.33x.

	KFin Technologies IPO	Sula Vineyards IPO
QIB (times)	4.17x	4.13x
NII (times)	0.23x	1.51x
Big NII (times)	0.25x	1.69x
Small NII (times)	0.20x	1.15x
RII (times)	1.36x	1.65x
Employee (times)
Other (times)
Total (times)	2.59x	2.33x

Compare with others

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

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