Aditya Birla Sun Life AMC IPO vs PolicyBazaar IPO

Comparision between Aditya Birla Sun Life AMC IPO and PolicyBazaar IPO.

IPO Details

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

	Aditya Birla Sun Life AMC IPO	PolicyBazaar 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	Citigroup Global Markets India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd Jefferies India Private Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 PolicyBazaar IPO is up to ₹5,625.00 Cr. The final issue price of Aditya Birla Sun Life AMC IPO is ₹712.00 per share and of PolicyBazaar IPO is ₹980.00 per share.

	Aditya Birla Sun Life AMC IPO	PolicyBazaar IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)	₹695.00 per share	₹940.00 per share
Issue Price (Upper)	₹712.00 per share	₹980.00 per share
Issue Price (Final)	₹712.00 per share	₹980.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹3,750.00 Cr
OFS Issue Size	3,88,80,000 shares
OFS Issue Size (Amount)	up to ₹2,768.26 Cr	up to ₹1,875.00 Cr
Issue Size Total	3,88,80,000 shares
Issue Size Total (Amount)	up to ₹2,768.26 Cr	up to ₹5,625.00 Cr

IPO Timetable

Aditya Birla Sun Life AMC IPO opens on Sep 29, 2021, while PolicyBazaar IPO opens on Nov 01, 2021. The closing date of Aditya Birla Sun Life AMC IPO and PolicyBazaar IPO is Oct 01, 2021, and Nov 03, 2021, respectively.

	Aditya Birla Sun Life AMC IPO	PolicyBazaar IPO
Anchor Bid Date
Issue Open	Sep 29, 2021	Nov 01, 2021
Issue Close	Oct 01, 2021	Nov 03, 2021
Basis Of Allotment (Tentative)	Oct 06, 2021	Nov 10, 2021
Initiation of Refunds (Tentative)	Oct 07, 2021	Nov 11, 2021
Credit of Share (Tentative)	Oct 08, 2021	Nov 12, 2021
Listing date (Tentative)	Oct 11, 2021	Nov 15, 2021
Anchor Lockin End date 1	Nov 05, 2021	Dec 10, 2021
Anchor Lockin End date 2	Jan 04, 2022	Feb 08, 2022

Financials

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

Aditya Birla Sun Life AMC IPO

PolicyBazaar 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-Jun-21	30-Jun-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	22,789.05	18,555.10	23,307.26	15,759.99	7,514.48
Total Revenue	2,581.74	1,912.73	9,574.13	8,555.63	5,288.07
Profit After Tax	(1,108.44)	(597.53)	(1,502.42)	(3,040.29)	(3,468.11)

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

86.50%

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 PolicyBazaar 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 1,93,29,621 shares in PolicyBazaar IPO.

	Aditya Birla Sun Life AMC IPO	PolicyBazaar IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,84,68,000 shares	1,93,29,621 shares
NII	55,40,400 shares	91,09,539 shares
RII	1,29,27,600 shares	60,73,026 shares
Employee		0 shares
Others
Total	3,88,80,000 shares	3,45,12,186 shares

Bids Received (Subscription)

Aditya Birla Sun Life AMC IPO subscribed 5.25x in total, whereas PolicyBazaar IPO subscribed 16.58x.

	Aditya Birla Sun Life AMC IPO	PolicyBazaar IPO
QIB (times)	10.36x	24.89x
NII (times)	4.39x	7.82x
Big NII (times)
Small NII (times)
RII (times)	3.24x	3.31x
Employee (times)
Other (times)	1.68x
Total (times)	5.25x	16.58x

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