When it comes to investing in IPOs, investors often face a dilemma when multiple IPOs hit the market simultaneously, but choosing the right one can make a significant difference in returns.
This week, apart from the other mainboard and SME IPOs, two prominent public issues are also in the spotlight – International Gemmological Institute (IGI) and Inventurus Knowledge Solutions (IKS Health). Both the mainboard IPOs are currently open for subscription with investors keenly evaluating their options.
The two IPOs offer unique opportunities in the way but which one is worth your money? Let’s take a detailed comparison of both the offering and evaluate which one suits your investment goals better.
International Gemmological Institute IPO
The Rs 4,225 crore issue opened for subscription on today, (December 13) with a price band set between Rs 397 to Rs 417 per share by the company.
International Gemmological Institute IPO issue comprises both fresh equity and Offer-For-Sale (OFS), with the proceeds from the fresh issue aimed at enhancing the company’s growth.
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Investors can bid in lots of 35 shares, requiring a minimum investment of Rs 14,595 for retail participants. The IPO is scheduled to close its bidding window on Tuesday (December 17), with allotments expected on December 18 and a listing date slated for December 20.
Lead managers for the issue include Axis Capital, Kotak Mahindra Capital, Morgan Stanley, and SBI Capital Markets.
“The issue is priced at a P/BV of 25.71 based on its NAV of Rs. 16.22 as of September 30, 2024, and at a P/BV of 8.51 based on its post-IPO NAV of Rs. 49.02 (at the upper cap). If we attribute FY25 annualized earnings to its post-IPO fully diluted paid-up equity capital, the asking price is at a P/E of 82.90. Based on FY24 earnings, the P/E stands at 110.90, suggesting that the issue appears fully priced,” said Bajaj Broking in an IPO note on International Gemmological Institute.
Inventurus Knowledge Solutions IPO
Inventurus Knowledge Solutions which is a healthcare technology solutions provider opened its Rs 2,498 crore public issue on Thursday (December 12).
The price band for this OFS-driven issue is higher at between Rs 1,265 to Rs 1,329 per share.
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