Muthoot Microfin IPO vs Suraj Estate Developers IPO

Comparision between Muthoot Microfin IPO and Suraj Estate Developers IPO.

IPO Details

Muthoot Microfin IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraj Estate Developers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Muthoot Microfin IPO	Suraj Estate Developers 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 Axis Capital Limited Jm Financial Limited SBI Capital Markets Limited	Iti Capital Ltd Anand Rathi Securities 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 Muthoot Microfin IPO is up to ₹960.00 Cr whereas the issue size of the Suraj Estate Developers IPO is up to ₹400.00 Cr. The final issue price of Muthoot Microfin IPO is ₹291.00 per share and of Suraj Estate Developers IPO is ₹360.00 per share.

	Muthoot Microfin IPO	Suraj Estate Developers IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹277.00 per share	₹340.00 per share
Issue Price (Upper)	₹291.00 per share	₹360.00 per share
Issue Price (Final)	₹291.00 per share	₹360.00 per share
Discount (Retail)
Discount (Employee)	₹14.00 per share
Market Lot Size	51 shares	41 shares
Fresh Issue Size	2,61,16,838 shares	1,11,11,111 shares
Fresh Issue Size (Amount)	up to ₹760.00 Cr	up to ₹400.00 Cr
OFS Issue Size	68,72,852 shares
OFS Issue Size (Amount)	up to ₹200.00 Cr
Issue Size Total	3,29,89,690 shares	1,11,11,111 shares
Issue Size Total (Amount)	up to ₹960.00 Cr	up to ₹400.00 Cr

IPO Timetable

Muthoot Microfin IPO opens on Dec 18, 2023, while Suraj Estate Developers IPO opens on Dec 18, 2023. The closing date of Muthoot Microfin IPO and Suraj Estate Developers IPO is Dec 20, 2023, and Dec 20, 2023, respectively.

	Muthoot Microfin IPO	Suraj Estate Developers IPO
Anchor Bid Date	Dec 15, 2023	Dec 15, 2023
Issue Open	Dec 18, 2023	Dec 18, 2023
Issue Close	Dec 20, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Dec 21, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Dec 22, 2023	Dec 22, 2023
Credit of Share (Tentative)	Dec 22, 2023	Dec 22, 2023
Listing date (Tentative)	Dec 26, 2023	Dec 26, 2023
Anchor Lockin End date 1	Jan 20, 2024	Jan 20, 2024
Anchor Lockin End date 2	Mar 20, 2024	Mar 20, 2024

Financials

Muthoot Microfin IPO P/E ratio is 24.96, as compared to Suraj Estate Developers IPO P/E ratio of 35.64.

Muthoot Microfin IPO

Suraj Estate Developers IPO

Financial

Muthoot Microfin Limited Financial Information (Restated)

Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,529.20	5,591.46	4,183.85
Revenue	1,446.34	842.94	696.28
Profit After Tax	163.89	47.40	7.05
Net Worth	1,625.85	1,336.58	889.89
Reserves and Surplus	1,282.15	1,040.10	642.84
Total Borrowing	6,493.18	3,996.61	3,015.66
Amount in ₹ Crore

Suraj Estate Developers Limited Financial Information (Restated Consolidated)

Suraj Estate Developers Limited's revenue increased by 12.41% and profit after tax (PAT) rose by 20.98% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	994.73	942.58	864.00	792.00
Revenue	102.81	307.89	273.91	244.00
Profit After Tax	14.53	32.06	26.50	6.28
Net Worth	86.11	71.39	39.16	29.15
Reserves and Surplus	70.29	55.48	23.32	22.94
Total Borrowing	598.50	593.09	638.16	600.48
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

69.08%

100%

Promoter Shareholding (Post-Issue)

55.47%

74.95%

P/E Ratio

24.96

35.64

Market Cap

₹4960.82 Cr.

₹1597.00 Cr.

ROE

11.06%%

58.18%%

ROCE

21.93%%

Debt/Equity

3.99

8.31

EPS

₹11.98

₹10.10

RoNW

10.08%%

58.18%%

Shares Offered

In the Muthoot Microfin IPO retail investors (RII) are offered 1,14,26,117 shares while in Suraj Estate Developers IPO retail investors are offered 1,14,26,117 shares. Qualified institutional buyers (QIB) are offered 65,29,210 shares in Muthoot Microfin IPO and 22,22,222 shares in Suraj Estate Developers IPO.

	Muthoot Microfin IPO	Suraj Estate Developers IPO
Anchor Investor Reserveration	97,93,812 shares	33,33,333 shares
Market Maker Reserveration
QIB	65,29,210 shares	22,22,222 shares
NII	48,96,907 shares	16,66,666 shares
RII	1,14,26,117 shares	38,88,889 shares
Employee	0 shares	0 shares
Others
Total	2,28,52,234 shares	77,77,777 shares

Bids Received (Subscription)

Muthoot Microfin IPO subscribed 12.30x in total, whereas Suraj Estate Developers IPO subscribed 16.57x.

	Muthoot Microfin IPO	Suraj Estate Developers IPO
QIB (times)	18.35x	25.74x
NII (times)	13.87x	20.02x
Big NII (times)	12.96x	18.37x
Small NII (times)	15.69x	23.31x
RII (times)	8.00x	9.85x
Employee (times)
Other (times)
Total (times)	12.30x	16.57x

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