ASK Automotive IPO vs Fedbank Financial Services IPO

Comparision between ASK Automotive IPO and Fedbank Financial Services IPO.

IPO Details

ASK Automotive IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Fedbank Financial Services IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ASK Automotive IPO	Fedbank Financial Services 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	Jm Financial Limited Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd	ICICI Securities Limited Bnp Paribas Equirus Capital Private Limited Jm Financial Limited
Registrar	Link Intime India Private Ltd	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 ASK Automotive IPO is up to ₹834.00 Cr whereas the issue size of the Fedbank Financial Services IPO is up to ₹1,092.26 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of Fedbank Financial Services IPO is ₹140.00 per share.

	ASK Automotive IPO	Fedbank Financial Services IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹268.00 per share	₹133.00 per share
Issue Price (Upper)	₹282.00 per share	₹140.00 per share
Issue Price (Final)	₹282.00 per share	₹140.00 per share
Discount (Retail)
Discount (Employee)		₹10.00 per share
Market Lot Size	53 shares	107 shares
Fresh Issue Size		4,29,12,087 shares
Fresh Issue Size (Amount)		up to ₹600.77 Cr
OFS Issue Size	2,95,71,390 shares	3,51,61,723 shares
OFS Issue Size (Amount)	up to ₹834.00 Cr	up to ₹492.26 Cr
Issue Size Total	2,95,71,390 shares	7,80,73,810 shares
Issue Size Total (Amount)	up to ₹834.00 Cr	up to ₹1,092.26 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while Fedbank Financial Services IPO opens on Nov 22, 2023. The closing date of ASK Automotive IPO and Fedbank Financial Services IPO is Nov 09, 2023, and Nov 24, 2023, respectively.

	ASK Automotive IPO	Fedbank Financial Services IPO
Anchor Bid Date	Nov 06, 2023	Nov 21, 2023
Issue Open	Nov 07, 2023	Nov 22, 2023
Issue Close	Nov 09, 2023	Nov 24, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Nov 28, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 28, 2023
Credit of Share (Tentative)	Nov 13, 2023	Nov 29, 2023
Listing date (Tentative)	Nov 15, 2023	Nov 30, 2023
Anchor Lockin End date 1	Dec 10, 2023	Dec 28, 2023
Anchor Lockin End date 2	Feb 08, 2024	Feb 26, 2024

Financials

ASK Automotive IPO P/E ratio is 45.63, as compared to Fedbank Financial Services IPO P/E ratio of 25.04.

ASK Automotive IPO

Fedbank Financial Services IPO

Financial

ASK Automotive Limited Financial Information (Restated Consolidated)

ASK Automotive Limited's revenue increased by 26.78% and profit after tax (PAT) rose by 48.75% 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	1,443.34	1,281.21	1,105.56	948.25
Revenue	657.55	2,566.28	2,024.26	1,567.77
Profit After Tax	34.83	122.95	82.66	106.20
Net Worth		643.77	631.91	622.23
Reserves and Surplus	639.03	604.34	591.73	581.54
Total Borrowing	268.03	231.82	119.78	54.02
Amount in ₹ Crore

Fedbank Financial Services Limited Financial Information (Restated)

Fedbank Financial Services Limited's revenue increased by 37.46% and profit after tax (PAT) rose by 74.11% 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	9,412.51	9,070.99	6,555.71	5,466.31
Revenue	367.87	1,214.68	883.64	697.57
Profit After Tax	53.88	180.13	103.46	61.68
Net Worth	1,414.90	1,355.68	1,153.52	834.73
Reserves and Surplus	1,076.67	1,021.52	832.00	544.45
Total Borrowing	7,619.52	7,135.82	5,016.84	4,328.09
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

72.28%

Promoter Shareholding (Post-Issue)

62.40%

P/E Ratio

45.63

25.04

Market Cap

₹5559.00 Cr.

₹5165.06 Cr.

ROE

14.36%%

ROCE

Debt/Equity

0.49

EPS

₹6.18

₹5.60

RoNW

19.10%%

13.29%%

Shares Offered

In the ASK Automotive IPO retail investors (RII) are offered 1,03,49,987 shares while in Fedbank Financial Services IPO retail investors are offered 1,03,49,987 shares. Qualified institutional buyers (QIB) are offered 59,14,278 shares in ASK Automotive IPO and 1,54,60,916 shares in Fedbank Financial Services IPO.

	ASK Automotive IPO	Fedbank Financial Services IPO
Anchor Investor Reserveration	88,71,416 shares	2,31,91,374 shares
Market Maker Reserveration
QIB	59,14,278 shares	1,54,60,916 shares
NII	44,35,709 shares	1,15,95,687 shares
RII	1,03,49,987 shares	2,70,56,603 shares
Employee	0 shares	8,13,008 shares
Others
Total	2,06,99,974 shares	5,49,26,214 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas Fedbank Financial Services IPO subscribed 2.24x.

	ASK Automotive IPO	Fedbank Financial Services IPO
QIB (times)	142.41x	3.48x
NII (times)	35.47x	1.49x
Big NII (times)	41.13x	1.27x
Small NII (times)	24.16x	1.95x
RII (times)	5.70x	1.88x
Employee (times)		1.34x
Other (times)
Total (times)	51.14x	2.24x

Compare with others

ASK Automotive IPO	Fedbank Financial Services IPO
DOMS IPO	Happy Forgings IPO
Flair Writing IPO	Muthoot Microfin IPO
IREDA IPO	DOMS IPO
Fedbank Financial Services IPO	Flair Writing IPO
Gandhar Oil Refinery India IPO	IREDA IPO
ESAF Small Finance Bank IPO	Gandhar Oil Refinery India IPO
Cello World Limited IPO	ASK Automotive IPO
Mamaearth IPO	ESAF Small Finance Bank IPO
Blue Jet Healthcare IPO	Cello World Limited IPO
Protean eGov Technologies IPO	Mamaearth IPO

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