Bandhan Bank IPO vs Galaxy Surfactants IPO

Comparision between Bandhan Bank IPO and Galaxy Surfactants IPO.

IPO Details

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

	Bandhan Bank IPO	Galaxy Surfactants 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	Edelweiss Financial Services Ltd ICICI Securities Limited Jm Financial Limited
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 Bandhan Bank IPO is up to ₹4,473.02 Cr whereas the issue size of the Galaxy Surfactants IPO is up to ₹937.09 Cr. The final issue price of Bandhan Bank IPO is ₹375.00 per share and of Galaxy Surfactants IPO is ₹1,480.00 per share.

	Bandhan Bank IPO	Galaxy Surfactants IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹370.00 per share	₹1,470.00 per share
Issue Price (Upper)	₹375.00 per share	₹1,480.00 per share
Issue Price (Final)	₹375.00 per share	₹1,480.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	10 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	63,31,674 shares
Issue Size Total (Amount)	up to ₹4,473.02 Cr	up to ₹937.09 Cr

IPO Timetable

Bandhan Bank IPO opens on Mar 15, 2018, while Galaxy Surfactants IPO opens on Jan 29, 2018. The closing date of Bandhan Bank IPO and Galaxy Surfactants IPO is Mar 19, 2018, and Jan 31, 2018, respectively.

	Bandhan Bank IPO	Galaxy Surfactants IPO
Anchor Bid Date
Issue Open	Mar 15, 2018	Jan 29, 2018
Issue Close	Mar 19, 2018	Jan 31, 2018
Basis Of Allotment (Tentative)	Mar 22, 2018	Feb 05, 2018
Initiation of Refunds (Tentative)	Mar 23, 2018	Feb 06, 2018
Credit of Share (Tentative)	Mar 26, 2018	Feb 07, 2018
Listing date (Tentative)	Mar 27, 2018	Feb 08, 2018
Anchor Lockin End date 1	Apr 21, 2018	Mar 07, 2018
Anchor Lockin End date 2	Jun 20, 2018	May 06, 2018

Financials

Bandhan Bank IPO P/E ratio is , as compared to Galaxy Surfactants IPO P/E ratio of .

Bandhan Bank IPO

Galaxy Surfactants 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 Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	12,853.83	11,092.34	10,602.19	10,240.81	9,556.85
Total Revenue	21,717.00	18,087.55	18,760.26	17,015.78	15,822.68
Profit After Tax	1,463.06	1,027.18	674.56	759.97	2.78

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 Galaxy Surfactants 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 12,66,336 shares in Galaxy Surfactants IPO.

	Bandhan Bank IPO	Galaxy Surfactants IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,38,56,099 shares	12,66,336 shares
NII	1,78,92,075 shares	9,49,752 shares
RII	4,17,48,173 shares	22,16,086 shares
Employee
Others
Total	8,34,96,347 shares	44,32,174 shares

Bids Received (Subscription)

Bandhan Bank IPO subscribed 14.56x in total, whereas Galaxy Surfactants IPO subscribed 19.96x.

	Bandhan Bank IPO	Galaxy Surfactants IPO
QIB (times)	38.68x	54.27x
NII (times)	13.89x	6.96x
Big NII (times)
Small NII (times)
RII (times)	1.06x	5.92x
Employee (times)
Other (times)
Total (times)	14.56x	19.96x

Compare with others

Bandhan Bank IPO	Galaxy Surfactants IPO
Mishra Dhatu Nigam IPO	Hindustan Aeronautics IPO
Sandhar Technologies IPO	Bharat Dynamics IPO
Karda Construction IPO	Bandhan Bank IPO
Hindustan Aeronautics IPO	HG Infra IPO
Bharat Dynamics IPO	Aster DM Healthcare IPO
HG Infra IPO	Amber Enterprises IPO
Aster DM Healthcare IPO	Newgen Software IPO
Galaxy Surfactants IPO	Apollo Micro Systems IPO
Amber Enterprises IPO	Shalby Hospital IPO
Newgen Software IPO	Future Supply Chain IPO

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