Bandhan Bank IPO vs Bharat Dynamics IPO

Comparision between Bandhan Bank IPO and Bharat Dynamics IPO.

IPO Details

Bandhan Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bharat Dynamics IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bandhan Bank IPO	Bharat Dynamics 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 Bank Limited Goldman Sachs (India) Securities Private Limited J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Kfin Technologies Limited	Alankit Assignments 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 Bandhan Bank IPO is up to ₹4,473.02 Cr whereas the issue size of the Bharat Dynamics IPO is up to ₹960.94 Cr. The final issue price of Bandhan Bank IPO is ₹375.00 per share and of Bharat Dynamics IPO is ₹428.00 per share.

	Bandhan Bank IPO	Bharat Dynamics IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹370.00 per share	₹413.00 per share
Issue Price (Upper)	₹375.00 per share	₹428.00 per share
Issue Price (Final)	₹375.00 per share	₹428.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	35 shares
Fresh Issue Size	9,76,63,910 shares
Fresh Issue Size (Amount)
OFS Issue Size	2,16,16,584 shares
OFS Issue Size (Amount)
Issue Size Total	11,92,80,494 shares	2,24,51,953 shares
Issue Size Total (Amount)	up to ₹4,473.02 Cr	up to ₹960.94 Cr

IPO Timetable

Bandhan Bank IPO opens on Mar 15, 2018, while Bharat Dynamics IPO opens on Mar 13, 2018. The closing date of Bandhan Bank IPO and Bharat Dynamics IPO is Mar 19, 2018, and Mar 15, 2018, respectively.

	Bandhan Bank IPO	Bharat Dynamics IPO
Anchor Bid Date
Issue Open	Mar 15, 2018	Mar 13, 2018
Issue Close	Mar 19, 2018	Mar 15, 2018
Basis Of Allotment (Tentative)	Mar 22, 2018
Initiation of Refunds (Tentative)	Mar 23, 2018
Credit of Share (Tentative)	Mar 26, 2018
Listing date (Tentative)	Mar 27, 2018
Anchor Lockin End date 1	Apr 21, 2018
Anchor Lockin End date 2	Jun 20, 2018

Financials

Bandhan Bank IPO P/E ratio is , as compared to Bharat Dynamics IPO P/E ratio of .

Bandhan Bank IPO

Bharat Dynamics IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	302,360.90	197,565.00	5,268.88
Total Revenue	43,201.23	17,312.54	79.53
Profit After Tax	11,119.52	2,752.47	5.76

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	86,007.92	96,406.32	84,119.70
Total Revenue	51,980.73	46,013.75	32,532.28
Profit After Tax	4,903.19	5,620.69	4,435.48

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bandhan Bank IPO retail investors (RII) are offered 4,17,48,173 shares while in Bharat Dynamics IPO retail investors are offered 4,17,48,173 shares. Qualified institutional buyers (QIB) are offered 2,38,56,099 shares in Bandhan Bank IPO and 1,09,96,874 shares in Bharat Dynamics IPO.

	Bandhan Bank IPO	Bharat Dynamics IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,38,56,099 shares	1,09,96,874 shares
NII	1,78,92,075 shares	32,99,063 shares
RII	4,17,48,173 shares	76,97,813 shares
Employee		4,58,203 shares
Others
Total	8,34,96,347 shares	2,24,51,953 shares

Bids Received (Subscription)

Bandhan Bank IPO subscribed 14.56x in total, whereas Bharat Dynamics IPO subscribed 1.29x.

	Bandhan Bank IPO	Bharat Dynamics IPO
QIB (times)	38.68x	1.50x
NII (times)	13.89x	0.50x
Big NII (times)
Small NII (times)
RII (times)	1.06x	1.37x
Employee (times)		0.40x
Other (times)
Total (times)	14.56x	1.29x

Compare with others

Bandhan Bank IPO	Bharat Dynamics IPO
Mishra Dhatu Nigam IPO	ICICI Securities IPO
Sandhar Technologies IPO	Mishra Dhatu Nigam IPO
Karda Construction IPO	Sandhar Technologies IPO
Hindustan Aeronautics IPO	Karda Construction IPO
Bharat Dynamics IPO	Hindustan Aeronautics IPO
HG Infra IPO	Bandhan Bank IPO
Aster DM Healthcare IPO	HG Infra IPO
Galaxy Surfactants IPO	Aster DM Healthcare IPO
Amber Enterprises IPO	Galaxy Surfactants IPO
Newgen Software IPO	Amber Enterprises IPO

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