Cello World Limited IPO vs ESAF Small Finance Bank IPO

Comparision between Cello World Limited IPO and ESAF Small Finance Bank IPO.

IPO Details

Cello World Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ESAF Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Cello World Limited IPO	ESAF Small Finance Bank 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	Kotak Mahindra Capital Company Limited ICICI Securities Limited Iifl Securities Ltd Jm Financial Limited Motilal Oswal Investment Advisors Limited	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Nuvama Wealth Management 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 Cello World Limited IPO is up to ₹1,900.00 Cr whereas the issue size of the ESAF Small Finance Bank IPO is up to ₹463.00 Cr. The final issue price of Cello World Limited IPO is ₹648.00 per share and of ESAF Small Finance Bank IPO is ₹60.00 per share.

	Cello World Limited IPO	ESAF Small Finance Bank IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹617.00 per share	₹57.00 per share
Issue Price (Upper)	₹648.00 per share	₹60.00 per share
Issue Price (Final)	₹648.00 per share	₹60.00 per share
Discount (Retail)
Discount (Employee)	₹61.00 per share	₹5.00 per share
Market Lot Size	23 shares	250 shares
Fresh Issue Size		6,51,16,667 shares
Fresh Issue Size (Amount)		up to ₹390.70 Cr
OFS Issue Size	2,93,20,987 shares	1,20,50,000 shares
OFS Issue Size (Amount)	up to ₹1,900.00 Cr	up to ₹72.30 Cr
Issue Size Total	2,93,20,987 shares	7,71,66,667 shares
Issue Size Total (Amount)	up to ₹1,900.00 Cr	up to ₹463.00 Cr

IPO Timetable

Cello World Limited IPO opens on Oct 30, 2023, while ESAF Small Finance Bank IPO opens on Nov 03, 2023. The closing date of Cello World Limited IPO and ESAF Small Finance Bank IPO is Nov 01, 2023, and Nov 07, 2023, respectively.

	Cello World Limited IPO	ESAF Small Finance Bank IPO
Anchor Bid Date	Oct 27, 2023	Nov 02, 2023
Issue Open	Oct 30, 2023	Nov 03, 2023
Issue Close	Nov 01, 2023	Nov 07, 2023
Basis Of Allotment (Tentative)	Nov 02, 2023	Nov 08, 2023
Initiation of Refunds (Tentative)	Nov 02, 2023	Nov 08, 2023
Credit of Share (Tentative)	Nov 03, 2023	Nov 09, 2023
Listing date (Tentative)	Nov 06, 2023	Nov 10, 2023
Anchor Lockin End date 1	Dec 02, 2023	Dec 08, 2023
Anchor Lockin End date 2	Jan 31, 2024	Feb 06, 2024

Financials

Cello World Limited IPO P/E ratio is , as compared to ESAF Small Finance Bank IPO P/E ratio of 8.94.

Cello World Limited IPO

ESAF Small Finance Bank IPO

Financial

Cello World Limited Financial Information (Restated Consolidated)

Cello World Limited's revenue increased by 31.88% and profit after tax (PAT) rose by 29.86% 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	1,686.05	1,551.69	1,333.66	1,146.51
Revenue	479.88	1,813.44	1,375.11	1,059.58
Profit After Tax	82.83	285.07	219.52	165.55
Net Worth	1,226.56	665.73	444.04	289.59
Reserves and Surplus	149.61	238.75	87.26	-107.04
Total Borrowing	328.64	335.11	462.91	334.07
Amount in ₹ Crore

ESAF Small Finance Bank Limited Financial Information (Restated)

ESAF Small Finance Bank Limited's revenue increased by 46.29% and profit after tax (PAT) rose by 452.39% 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	20,795.94	20,223.66	17,707.56	12,338.65
Revenue	991.78	3,141.57	2,147.51	1,768.42
Profit After Tax	129.96	302.33	54.73	105.40
Net Worth	1,839.09	1,709.13	1,406.80	1,352.06
Reserves and Surplus	1,389.62	1,259.66	957.32	902.59
Total Borrowing	2,739.13	3,354.20	2,952.83	1,694.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

91.8%

74.43%

Promoter Shareholding (Post-Issue)

78.06

59.74%

P/E Ratio

8.94

Market Cap

₹13752.57 Cr.

₹3087.54 Cr.

ROE

39.9%%

ROCE

44.48%%

Debt/Equity

0.62

EPS

₹13.65

₹6.73

RoNW

23.17%%

17.69%%

Shares Offered

In the Cello World Limited IPO retail investors (RII) are offered 1,02,08,333 shares while in ESAF Small Finance Bank IPO retail investors are offered 1,02,08,333 shares. Qualified institutional buyers (QIB) are offered 58,33,334 shares in Cello World Limited IPO and 1,50,16,669 shares in ESAF Small Finance Bank IPO.

	Cello World Limited IPO	ESAF Small Finance Bank IPO
Anchor Investor Reserveration	87,49,999 shares	2,25,24,998 shares
Market Maker Reserveration
QIB	58,33,334 shares	1,50,16,669 shares
NII	43,75,000 shares	1,12,62,500 shares
RII	1,02,08,333 shares	2,62,79,167 shares
Employee	1,70,357 shares	22,83,653 shares
Others
Total	2,05,87,024 shares	5,48,41,989 shares

Bids Received (Subscription)

Cello World Limited IPO subscribed 41.69x in total, whereas ESAF Small Finance Bank IPO subscribed 77.00x.

	Cello World Limited IPO	ESAF Small Finance Bank IPO
QIB (times)	122.20x	182.66x
NII (times)	25.65x	88.81x
Big NII (times)	30.02x	96.51x
Small NII (times)	16.91x	73.41x
RII (times)	3.21x	17.86x
Employee (times)	2.74x	4.59x
Other (times)
Total (times)	41.69x	77.00x

Compare with others

Cello World Limited IPO	ESAF Small Finance Bank IPO
IREDA IPO	Flair Writing IPO
Fedbank Financial Services IPO	IREDA IPO
Gandhar Oil Refinery India IPO	Fedbank Financial Services IPO
ASK Automotive IPO	Gandhar Oil Refinery India IPO
ESAF Small Finance Bank IPO	ASK Automotive IPO
Mamaearth IPO	Cello World Limited IPO
Blue Jet Healthcare IPO	Mamaearth IPO
Protean eGov Technologies IPO	Blue Jet Healthcare IPO
IRM Energy IPO	Protean eGov Technologies IPO
Plaza Wires IPO	IRM Energy IPO

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