CSB Bank IPO vs Equitas Small Finance Bank IPO

Comparision between CSB Bank IPO and Equitas Small Finance Bank IPO.

IPO Details

CSB Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Equitas Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CSB Bank IPO	Equitas 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	Axis Capital Limited Iifl Securities Ltd	Edelweiss Financial Services Ltd Iifl Securities Ltd Jm Financial Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 CSB Bank IPO is up to ₹409.68 Cr whereas the issue size of the Equitas Small Finance Bank IPO is up to ₹517.60 Cr. The final issue price of CSB Bank IPO is ₹195.00 per share and of Equitas Small Finance Bank IPO is ₹33.00 per share.

	CSB Bank IPO	Equitas Small Finance Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹32.00 per share
Issue Price (Upper)	₹195.00 per share	₹33.00 per share
Issue Price (Final)	₹195.00 per share	₹33.00 per share
Discount (Retail)		₹0.00 per share
Discount (Employee)		₹0.00 per share
Market Lot Size	75 shares	450 shares
Fresh Issue Size	12,43,523 shares
Fresh Issue Size (Amount)	up to ₹24.00 Cr	up to ₹280.00 Cr
OFS Issue Size	1,97,78,298 shares	7,20,00,000 shares
OFS Issue Size (Amount)	up to ₹385.68 Cr	up to ₹237.60 Cr
Issue Size Total	2,10,21,821 shares
Issue Size Total (Amount)	up to ₹409.68 Cr	up to ₹517.60 Cr

IPO Timetable

CSB Bank IPO opens on Nov 22, 2019, while Equitas Small Finance Bank IPO opens on Oct 20, 2020. The closing date of CSB Bank IPO and Equitas Small Finance Bank IPO is Nov 26, 2019, and Oct 22, 2020, respectively.

	CSB Bank IPO	Equitas Small Finance Bank IPO
Anchor Bid Date
Issue Open	Nov 22, 2019	Oct 20, 2020
Issue Close	Nov 26, 2019	Oct 22, 2020
Basis Of Allotment (Tentative)	Dec 02, 2019	Oct 27, 2020
Initiation of Refunds (Tentative)	Dec 03, 2019	Oct 28, 2020
Credit of Share (Tentative)	Dec 03, 2019	Oct 29, 2020
Listing date (Tentative)	Dec 04, 2019	Nov 02, 2020
Anchor Lockin End date 1	Jan 01, 2020	Nov 26, 2020
Anchor Lockin End date 2	Mar 01, 2020	Jan 25, 2021

Financials

CSB Bank IPO P/E ratio is , as compared to Equitas Small Finance Bank IPO P/E ratio of .

CSB Bank IPO

Equitas Small Finance Bank IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Sep-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	1,73,232.58	1,64,534.60	1,53,346.62	1,57,700.26
Total Revenue	8,167.14	14,834.33	14,222.26	16,174.96
Profit After Tax	442.72	(656.89)	(1,270.88)	(579.91)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Jun-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	208,921.39	193,145.47	157,626.91	133,011.50
Total Revenue	7,509.68	29,277.95	23,948.32	17,729.03
Profit After Tax	576.71	2,436.35	2,105.66	318.31

Promoter Shareholding (Pre-Issue)

50.09%

Promoter Shareholding (Post-Issue)

49.7%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CSB Bank IPO retail investors (RII) are offered 21,00,906 shares while in Equitas Small Finance Bank IPO retail investors are offered 21,00,906 shares. Qualified institutional buyers (QIB) are offered 63,02,721 shares in CSB Bank IPO and 2,79,75,001 shares in Equitas Small Finance Bank IPO.

	CSB Bank IPO	Equitas Small Finance Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	63,02,721 shares	2,79,75,001 shares
NII	31,51,360 shares	2,14,87,500 shares
RII	21,00,906 shares	5,01,37,500 shares
Employee		3,12,500 shares
Others
Total	1,15,54,987 shares	11,58,50,001 shares

Bids Received (Subscription)

CSB Bank IPO subscribed 86.91x in total, whereas Equitas Small Finance Bank IPO subscribed 1.95x.

	CSB Bank IPO	Equitas Small Finance Bank IPO
QIB (times)	62.18x	3.91x
NII (times)	164.68x	0.22x
Big NII (times)
Small NII (times)
RII (times)	44.46x	2.08x
Employee (times)		1.84x
Other (times)		0.42x
Total (times)	86.91x	1.95x

Compare with others

CSB Bank IPO	Equitas Small Finance Bank IPO
Rossari Biotech IPO	CAMS IPO
Equitas Small Finance Bank IPO	UTI AMC IPO
Prince Pipes IPO	Mindspace REIT
SBI Cards IPO	Yes Bank FPO
Ujjivan Bank IPO	Rossari Biotech IPO
IRCTC IPO	Prince Pipes IPO
Vishwaraj IPO	SBI Cards IPO
Sterling and Wilson IPO	Ujjivan Bank IPO
Spandana Sphoorty IPO	CSB Bank IPO
Affle IPO	IRCTC IPO

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