Equitas Small Finance Bank IPO vs ITI FPO

Comparision between Equitas Small Finance Bank IPO and ITI FPO.

IPO Details

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

	Equitas Small Finance Bank IPO	ITI FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Edelweiss Financial Services Ltd Iifl Securities Ltd Jm Financial Limited	Bob Capital Markets Limited Karvy Investor Services Limited Pnb Investment Services Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Equitas Small Finance Bank IPO is up to ₹517.60 Cr whereas the issue size of the ITI FPO is up to ₹1,399.86 Cr. The final issue price of Equitas Small Finance Bank IPO is ₹33.00 per share and of ITI FPO is .

	Equitas Small Finance Bank IPO	ITI FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹32.00 per share	₹71.00 per share
Issue Price (Upper)	₹33.00 per share	₹77.00 per share
Issue Price (Final)	₹33.00 per share
Discount (Retail)	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	450 shares	150 shares
Fresh Issue Size		18,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹280.00 Cr
OFS Issue Size	7,20,00,000 shares
OFS Issue Size (Amount)	up to ₹237.60 Cr
Issue Size Total		18,18,00,000 shares
Issue Size Total (Amount)	up to ₹517.60 Cr	up to ₹1,399.86 Cr

IPO Timetable

Equitas Small Finance Bank IPO opens on Oct 20, 2020, while ITI FPO opens on Jan 24, 2020. The closing date of Equitas Small Finance Bank IPO and ITI FPO is Oct 22, 2020, and Feb 05, 2020, respectively.

	Equitas Small Finance Bank IPO	ITI FPO
Anchor Bid Date
Issue Open	Oct 20, 2020	Jan 24, 2020
Issue Close	Oct 22, 2020	Feb 05, 2020
Basis Of Allotment (Tentative)	Oct 27, 2020	Jan 31, 2020
Initiation of Refunds (Tentative)	Oct 28, 2020	Feb 03, 2020
Credit of Share (Tentative)	Oct 29, 2020	Feb 04, 2020
Listing date (Tentative)	Nov 02, 2020	Feb 05, 2020
Anchor Lockin End date 1	Nov 26, 2020	Mar 01, 2020
Anchor Lockin End date 2	Jan 25, 2021	Apr 30, 2020

Financials

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

Equitas Small Finance Bank IPO

ITI FPO

Financial

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

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	47,057.38	32,048.94	35,230.86	30,248.47
Total Revenue	18,116.17	20,887.16	17,903.11	6,640.29
Profit After Tax	2,305.64	2,663.91	2,372.18	(2,979.95)

Promoter Shareholding (Pre-Issue)

89.97%

Promoter Shareholding (Post-Issue)

74.83%

P/E Ratio

Market Cap

₹8307.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Equitas Small Finance Bank IPO retail investors (RII) are offered 5,01,37,500 shares while in ITI FPO retail investors are offered 5,01,37,500 shares. Qualified institutional buyers (QIB) are offered 2,79,75,001 shares in Equitas Small Finance Bank IPO and 13,50,00,000 shares in ITI FPO.

	Equitas Small Finance Bank IPO	ITI FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,79,75,001 shares	13,50,00,000 shares
NII	2,14,87,500 shares	2,70,00,000 shares
RII	5,01,37,500 shares	1,80,00,000 shares
Employee	3,12,500 shares	18,00,000 shares
Others
Total	11,58,50,001 shares	18,18,00,000 shares

Bids Received (Subscription)

Equitas Small Finance Bank IPO subscribed 1.95x in total, whereas ITI FPO subscribed 0.62x.

	Equitas Small Finance Bank IPO	ITI FPO
QIB (times)	3.91x	0.63x
NII (times)	0.22x	0.23x
Big NII (times)
Small NII (times)
RII (times)	2.08x	1.06x
Employee (times)	1.84x	0.98x
Other (times)	0.42x
Total (times)	1.95x	0.62x

Compare with others

Equitas Small Finance Bank IPO	ITI FPO
CAMS IPO	UTI AMC IPO
UTI AMC IPO	Mindspace REIT
Mindspace REIT	Yes Bank FPO
Yes Bank FPO	Rossari Biotech IPO
Rossari Biotech IPO	Equitas Small Finance Bank IPO
Prince Pipes IPO	Prince Pipes IPO
SBI Cards IPO	SBI Cards IPO
Ujjivan Bank IPO	Ujjivan Bank IPO
CSB Bank IPO	CSB Bank IPO
IRCTC IPO	IRCTC IPO

Comments

Add a public comment...