CSB Bank IPO vs Sterling and Wilson IPO

Comparision between CSB Bank IPO and Sterling and Wilson IPO.

IPO Details

CSB Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sterling and Wilson IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CSB Bank IPO	Sterling and Wilson 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	Axis Capital Limited Credit Suisse Securities (India) Private Limited Deutsche Equities India Private Limited ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	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 CSB Bank IPO is up to ₹409.68 Cr whereas the issue size of the Sterling and Wilson IPO is up to ₹3,145.16 Cr. The final issue price of CSB Bank IPO is ₹195.00 per share and of Sterling and Wilson IPO is ₹780.00 per share.

	CSB Bank IPO	Sterling and Wilson IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹193.00 per share	₹775.00 per share
Issue Price (Upper)	₹195.00 per share	₹780.00 per share
Issue Price (Final)	₹195.00 per share	₹780.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	75 shares	19 shares
Fresh Issue Size	12,43,523 shares
Fresh Issue Size (Amount)	up to ₹24.00 Cr
OFS Issue Size	1,97,78,298 shares
OFS Issue Size (Amount)	up to ₹385.68 Cr	up to ₹3,125.00 Cr
Issue Size Total	2,10,21,821 shares	4,03,22,580 shares
Issue Size Total (Amount)	up to ₹409.68 Cr	up to ₹3,145.16 Cr

IPO Timetable

CSB Bank IPO opens on Nov 22, 2019, while Sterling and Wilson IPO opens on Aug 06, 2019. The closing date of CSB Bank IPO and Sterling and Wilson IPO is Nov 26, 2019, and Aug 08, 2019, respectively.

	CSB Bank IPO	Sterling and Wilson IPO
Anchor Bid Date
Issue Open	Nov 22, 2019	Aug 06, 2019
Issue Close	Nov 26, 2019	Aug 08, 2019
Basis Of Allotment (Tentative)	Dec 02, 2019	Aug 14, 2019
Initiation of Refunds (Tentative)	Dec 03, 2019	Aug 16, 2019
Credit of Share (Tentative)	Dec 03, 2019	Aug 19, 2019
Listing date (Tentative)	Dec 04, 2019	Aug 20, 2019
Anchor Lockin End date 1	Jan 01, 2020	Sep 13, 2019
Anchor Lockin End date 2	Mar 01, 2020	Nov 12, 2019

Financials

CSB Bank IPO P/E ratio is , as compared to Sterling and Wilson IPO P/E ratio of .

CSB Bank IPO

Sterling and Wilson 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 (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Dec-17
Total Assets	53,919.19	49,203.81	35,701.70
Total Revenue	82,404.08	68,717.08	32,324.81
Profit After Tax	6,382.33	4,505.35	1,733.62

Promoter Shareholding (Pre-Issue)

50.09%

100%

Promoter Shareholding (Post-Issue)

49.7%

75%

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 Sterling and Wilson IPO retail investors are offered 21,00,906 shares. Qualified institutional buyers (QIB) are offered 63,02,721 shares in CSB Bank IPO and 3,02,41,935 shares in Sterling and Wilson IPO.

	CSB Bank IPO	Sterling and Wilson IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	63,02,721 shares	3,02,41,935 shares
NII	31,51,360 shares	60,48,387 shares
RII	21,00,906 shares	40,32,258 shares
Employee
Others
Total	1,15,54,987 shares	4,03,22,580 shares

Bids Received (Subscription)

CSB Bank IPO subscribed 86.91x in total, whereas Sterling and Wilson IPO subscribed 0.85x.

	CSB Bank IPO	Sterling and Wilson IPO
QIB (times)	62.18x	1.02x
NII (times)	164.68x	0.89x
Big NII (times)
Small NII (times)
RII (times)	44.46x	0.30x
Employee (times)
Other (times)
Total (times)	86.91x	0.85x

Compare with others

CSB Bank IPO	Sterling and Wilson IPO
Rossari Biotech IPO	SBI Cards IPO
Equitas Small Finance Bank IPO	Ujjivan Bank IPO
Prince Pipes IPO	CSB Bank IPO
SBI Cards IPO	IRCTC IPO
Ujjivan Bank IPO	Vishwaraj IPO
IRCTC IPO	Spandana Sphoorty IPO
Vishwaraj IPO	Affle IPO
Sterling and Wilson IPO	IndiaMart IPO
Spandana Sphoorty IPO	Neogen Chemicals IPO
Affle IPO	Rail Vikas IPO

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