Anand Rathi IPO vs RateGain IPO

Comparision between Anand Rathi IPO and RateGain IPO.

IPO Details

Anand Rathi IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RateGain IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Anand Rathi IPO	RateGain 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	Anand Rathi Securities Limited Bnp Paribas Equirus Capital Private Limited Iifl Securities Ltd	Iifl Securities Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Link Intime India Private 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 Anand Rathi IPO is up to ₹660.00 Cr whereas the issue size of the RateGain IPO is up to ₹1,335.74 Cr. The final issue price of Anand Rathi IPO is ₹550.00 per share and of RateGain IPO is ₹425.00 per share.

	Anand Rathi IPO	RateGain IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹530.00 per share	₹405.00 per share
Issue Price (Upper)	₹550.00 per share	₹425.00 per share
Issue Price (Final)	₹550.00 per share	₹425.00 per share
Discount (Retail)
Discount (Employee)	₹25.00 per share	₹40.00 per share
Market Lot Size	27 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹375.00 Cr
OFS Issue Size	1,20,00,000 shares	2,26,05,530 shares
OFS Issue Size (Amount)	up to ₹660.00 Cr	up to ₹960.74 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹660.00 Cr	up to ₹1,335.74 Cr

IPO Timetable

Anand Rathi IPO opens on Dec 02, 2021, while RateGain IPO opens on Dec 07, 2021. The closing date of Anand Rathi IPO and RateGain IPO is Dec 06, 2021, and Dec 09, 2021, respectively.

	Anand Rathi IPO	RateGain IPO
Anchor Bid Date
Issue Open	Dec 02, 2021	Dec 07, 2021
Issue Close	Dec 06, 2021	Dec 09, 2021
Basis Of Allotment (Tentative)	Dec 09, 2021	Dec 14, 2021
Initiation of Refunds (Tentative)	Dec 10, 2021	Dec 15, 2021
Credit of Share (Tentative)	Dec 13, 2021	Dec 16, 2021
Listing date (Tentative)	Dec 14, 2021	Dec 17, 2021
Anchor Lockin End date 1	Jan 08, 2022	Jan 13, 2022
Anchor Lockin End date 2	Mar 09, 2022	Mar 14, 2022

Financials

Anand Rathi IPO P/E ratio is , as compared to RateGain IPO P/E ratio of .

Anand Rathi IPO

RateGain IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,023.24	3,394.42	4,090.64	2,308.27
Total Revenue	1,689.03	2,792.48	3,364.14	2,841.87
Profit After Tax	510.88	450.95	616.14	584.33

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,281.89	4,398.04	3,971.08	2,849.02
Total Revenue	1,312.23	2,640.91	4,576.13	2,727.00
Profit After Tax	- 83.37	- 285.75	- 201.04	110.34

Promoter Shareholding (Pre-Issue)

74.73%

67.29%

Promoter Shareholding (Post-Issue)

48.82%

56.72%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Anand Rathi IPO retail investors (RII) are offered 41,12,500 shares while in RateGain IPO retail investors are offered 41,12,500 shares. Qualified institutional buyers (QIB) are offered 23,50,000 shares in Anand Rathi IPO and 93,93,424 shares in RateGain IPO.

	Anand Rathi IPO	RateGain IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,50,000 shares	93,93,424 shares
NII	17,62,500 shares	46,96,711 shares
RII	41,12,500 shares	31,31,141 shares
Employee	2,50,000 shares	1,29,870 shares
Others
Total	84,75,000 shares	1,73,51,146 shares

Bids Received (Subscription)

Anand Rathi IPO subscribed 9.78x in total, whereas RateGain IPO subscribed 17.41x.

	Anand Rathi IPO	RateGain IPO
QIB (times)	2.50x	8.42x
NII (times)	25.42x	42.04x
Big NII (times)
Small NII (times)
RII (times)	7.76x	8.08x
Employee (times)	1.32x	1.37x
Other (times)
Total (times)	9.78x	17.41x

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