Bandhan Bank IPO vs Karda Construction IPO

Comparision between Bandhan Bank IPO and Karda Construction IPO.

IPO Details

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

	Bandhan Bank IPO	Karda Construction 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	Aryaman Financial Services Limited
Registrar	Kfin Technologies Limited	Bigshare Services Pvt Ltd
Market Maker
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 Karda Construction IPO is up to ₹77.40 Cr. The final issue price of Bandhan Bank IPO is ₹375.00 per share and of Karda Construction IPO is ₹180.00 per share.

	Bandhan Bank IPO	Karda Construction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹370.00 per share	₹175.00 per share
Issue Price (Upper)	₹375.00 per share	₹180.00 per share
Issue Price (Final)	₹375.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	80 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	43,00,000 shares
Issue Size Total (Amount)	up to ₹4,473.02 Cr	up to ₹77.40 Cr

IPO Timetable

Bandhan Bank IPO opens on Mar 15, 2018, while Karda Construction IPO opens on Mar 16, 2018. The closing date of Bandhan Bank IPO and Karda Construction IPO is Mar 19, 2018, and Mar 21, 2018, respectively.

	Bandhan Bank IPO	Karda Construction IPO
Anchor Bid Date
Issue Open	Mar 15, 2018	Mar 16, 2018
Issue Close	Mar 19, 2018	Mar 21, 2018
Basis Of Allotment (Tentative)	Mar 22, 2018	Mar 26, 2018
Initiation of Refunds (Tentative)	Mar 23, 2018	Mar 27, 2018
Credit of Share (Tentative)	Mar 26, 2018	Mar 28, 2018
Listing date (Tentative)	Mar 27, 2018	Apr 02, 2018
Anchor Lockin End date 1	Apr 21, 2018	Apr 25, 2018
Anchor Lockin End date 2	Jun 20, 2018	Jun 24, 2018

Financials

Bandhan Bank IPO P/E ratio is , as compared to Karda Construction IPO P/E ratio of .

Bandhan Bank IPO

Karda Construction 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. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	24,853.72	24,961.42	23,304.63	18,612.39	16,238.73
Total Revenue	11,002.26	10,593.47	4,653.44	5,907.39	4,328.65
Profit After Tax	803.14	637.43	307.56	360.55	270.39

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 Karda Construction 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 4,30,000 shares in Karda Construction IPO.

	Bandhan Bank IPO	Karda Construction IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,38,56,099 shares	4,30,000 shares
NII	1,78,92,075 shares	17,20,000 shares
RII	4,17,48,173 shares	21,50,000 shares
Employee
Others
Total	8,34,96,347 shares	43,00,000 shares

Bids Received (Subscription)

Bandhan Bank IPO subscribed 14.56x in total, whereas Karda Construction IPO subscribed 2.53x.

	Bandhan Bank IPO	Karda Construction IPO
QIB (times)	38.68x	1.55x
NII (times)	13.89x	3.44x
Big NII (times)
Small NII (times)
RII (times)	1.06x	2.01x
Employee (times)
Other (times)
Total (times)	14.56x	2.53x

Compare with others

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

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