CreditAccess Grameen IPO vs Garden Reach Shipbuilders IPO

Comparision between CreditAccess Grameen IPO and Garden Reach Shipbuilders IPO.

IPO Details

CreditAccess Grameen IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Garden Reach Shipbuilders IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CreditAccess Grameen IPO	Garden Reach Shipbuilders 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	Credit Suisse Securities (India) Private Limited ICICI Securities Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited	Idbi Capital Market Services 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 CreditAccess Grameen IPO is up to ₹1,131.19 Cr whereas the issue size of the Garden Reach Shipbuilders IPO is up to ₹344.69 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of Garden Reach Shipbuilders IPO is ₹118.00 per share.

	CreditAccess Grameen IPO	Garden Reach Shipbuilders IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹418.00 per share	₹114.00 per share
Issue Price (Upper)	₹422.00 per share	₹118.00 per share
Issue Price (Final)	₹422.00 per share	₹118.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	120 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,68,05,394 shares	2,92,10,760 shares
Issue Size Total (Amount)	up to ₹1,131.19 Cr	up to ₹344.69 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while Garden Reach Shipbuilders IPO opens on Sep 24, 2018. The closing date of CreditAccess Grameen IPO and Garden Reach Shipbuilders IPO is Aug 10, 2018, and Oct 01, 2018, respectively.

	CreditAccess Grameen IPO	Garden Reach Shipbuilders IPO
Anchor Bid Date
Issue Open	Aug 08, 2018	Sep 24, 2018
Issue Close	Aug 10, 2018	Oct 01, 2018
Basis Of Allotment (Tentative)	Aug 16, 2018	Oct 01, 2018
Initiation of Refunds (Tentative)	Aug 20, 2018	Oct 03, 2018
Credit of Share (Tentative)	Aug 21, 2018	Oct 03, 2018
Listing date (Tentative)	Aug 23, 2018	Oct 10, 2018
Anchor Lockin End date 1	Sep 15, 2018	Oct 31, 2018
Anchor Lockin End date 2	Nov 14, 2018	Dec 30, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to Garden Reach Shipbuilders IPO P/E ratio of .

CreditAccess Grameen IPO

Garden Reach Shipbuilders IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	52,183.48	35,640.72	28,079.76	17,268.09	10,580.80
Total Revenue	8,752.05	7,092.61	4,667.19	2,814.28	1,478.29
Profit After Tax	1,246.41	802.98	832.41	487.32	166.26

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	30-Sep-17	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)
Total Assets	46,999.32	45,650.04	44,514.94	40,009.76
Total Revenue	5,8583.93	11,579.57	18,467.47	16,391.63
Profit After Tax	180.69	122.32	1,620.47	517.28

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CreditAccess Grameen IPO retail investors (RII) are offered 94,31,890 shares while in Garden Reach Shipbuilders IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 1,43,19,000 shares in Garden Reach Shipbuilders IPO.

	CreditAccess Grameen IPO	Garden Reach Shipbuilders IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	53,55,555 shares	1,43,19,000 shares
NII	40,42,239 shares	42,95,700 shares
RII	94,31,890 shares	1,00,23,300 shares
Employee	0 shares	5,72,760 shares
Others
Total	1,88,29,684 shares	2,92,10,760 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas Garden Reach Shipbuilders IPO subscribed 1.02x.

	CreditAccess Grameen IPO	Garden Reach Shipbuilders IPO
QIB (times)	5.52x	1.81x
NII (times)	0.98x	0.31x
Big NII (times)
Small NII (times)
RII (times)	0.87x	0.24x
Employee (times)		0.14x
Other (times)
Total (times)	2.22x	1.02x

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