Aditya Birla Sun Life AMC IPO vs Fino Payments Bank IPO

Comparision between Aditya Birla Sun Life AMC IPO and Fino Payments Bank IPO.

IPO Details

Aditya Birla Sun Life AMC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Fino Payments Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aditya Birla Sun Life AMC IPO	Fino Payments Bank 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 Bofa Securities India Limited Citigroup Global Markets India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited Kotak Mahindra Capital Company Limited Motilal Oswal Investment Advisors Limited SBI Capital Markets Limited Yes Securities (India) Limited	Axis Capital Limited Clsa India Private Limited ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Aditya Birla Sun Life AMC IPO is up to ₹2,768.26 Cr whereas the issue size of the Fino Payments Bank IPO is up to ₹1,200.29 Cr. The final issue price of Aditya Birla Sun Life AMC IPO is ₹712.00 per share and of Fino Payments Bank IPO is ₹577.00 per share.

	Aditya Birla Sun Life AMC IPO	Fino Payments Bank IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹695.00 per share	₹560.00 per share
Issue Price (Upper)	₹712.00 per share	₹577.00 per share
Issue Price (Final)	₹712.00 per share	₹577.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹300.00 Cr
OFS Issue Size	3,88,80,000 shares	1,56,02,999 shares
OFS Issue Size (Amount)	up to ₹2,768.26 Cr	up to ₹900.29 Cr
Issue Size Total	3,88,80,000 shares
Issue Size Total (Amount)	up to ₹2,768.26 Cr	up to ₹1,200.29 Cr

IPO Timetable

Aditya Birla Sun Life AMC IPO opens on Sep 29, 2021, while Fino Payments Bank IPO opens on Oct 29, 2021. The closing date of Aditya Birla Sun Life AMC IPO and Fino Payments Bank IPO is Oct 01, 2021, and Nov 02, 2021, respectively.

	Aditya Birla Sun Life AMC IPO	Fino Payments Bank IPO
Anchor Bid Date
Issue Open	Sep 29, 2021	Oct 29, 2021
Issue Close	Oct 01, 2021	Nov 02, 2021
Basis Of Allotment (Tentative)	Oct 06, 2021	Nov 09, 2021
Initiation of Refunds (Tentative)	Oct 07, 2021	Nov 10, 2021
Credit of Share (Tentative)	Oct 08, 2021	Nov 11, 2021
Listing date (Tentative)	Oct 11, 2021	Nov 12, 2021
Anchor Lockin End date 1	Nov 05, 2021	Dec 09, 2021
Anchor Lockin End date 2	Jan 04, 2022	Feb 07, 2022

Financials

Aditya Birla Sun Life AMC IPO P/E ratio is , as compared to Fino Payments Bank IPO P/E ratio of .

Aditya Birla Sun Life AMC IPO

Fino Payments Bank IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	19,845.51	15,719.59	14,984.60
Total Revenue	12,058.41	12,347.68	14,072.50
Profit After Tax	5,262.80	4,944.02	4,467.99

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-March-21	31-Mar-20	31-Mar-19
Total Assets	10,102.91	6,240.01	6,840.72
Total Revenue	7,910.27	6,913.97	3,711.21
Profit After Tax	204.74	(320.36)	(623.84)

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

86.50%

75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aditya Birla Sun Life AMC IPO retail investors (RII) are offered 1,29,27,600 shares while in Fino Payments Bank IPO retail investors are offered 1,29,27,600 shares. Qualified institutional buyers (QIB) are offered 1,84,68,000 shares in Aditya Birla Sun Life AMC IPO and 62,25,094 shares in Fino Payments Bank IPO.

	Aditya Birla Sun Life AMC IPO	Fino Payments Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,84,68,000 shares	62,25,094 shares
NII	55,40,400 shares	31,12,546 shares
RII	1,29,27,600 shares	20,75,031 shares
Employee		51,993 shares
Others
Total	3,88,80,000 shares	1,14,64,664 shares

Bids Received (Subscription)

Aditya Birla Sun Life AMC IPO subscribed 5.25x in total, whereas Fino Payments Bank IPO subscribed 2.03x.

	Aditya Birla Sun Life AMC IPO	Fino Payments Bank IPO
QIB (times)	10.36x	1.64x
NII (times)	4.39x	0.21x
Big NII (times)
Small NII (times)
RII (times)	3.24x	5.92x
Employee (times)		0.93x
Other (times)	1.68x
Total (times)	5.25x	2.03x

Compare with others

Aditya Birla Sun Life AMC IPO	Fino Payments Bank IPO
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Nykaa IPO	Adani Wilmar IPO
SJS Enterprises IPO	PolicyBazaar IPO
Fino Payments Bank IPO	Nykaa IPO
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Sansera Engineering IPO	Paras Defence and Space Technologies IPO
Vijaya Diagnostic IPO	Aditya Birla Sun Life AMC IPO
Ami Organics IPO	Sansera Engineering IPO
Chemplast Sanmar IPO	Vijaya Diagnostic IPO
Aptus Value Housing Finance IPO	Ami Organics IPO

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