ESAF Small Finance Bank IPO vs Mamaearth IPO

Comparision between ESAF Small Finance Bank IPO and Mamaearth IPO.

IPO Details

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

	ESAF Small Finance Bank IPO	Mamaearth 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	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Nuvama Wealth Management Limited	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jm Financial Limited J.P. Morgan India Private Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 ESAF Small Finance Bank IPO is up to ₹463.00 Cr whereas the issue size of the Mamaearth IPO is up to ₹1,701.44 Cr. The final issue price of ESAF Small Finance Bank IPO is ₹60.00 per share and of Mamaearth IPO is ₹324.00 per share.

	ESAF Small Finance Bank IPO	Mamaearth IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹57.00 per share	₹308.00 per share
Issue Price (Upper)	₹60.00 per share	₹324.00 per share
Issue Price (Final)	₹60.00 per share	₹324.00 per share
Discount (Retail)
Discount (Employee)	₹5.00 per share	₹30.00 per share
Market Lot Size	250 shares	46 shares
Fresh Issue Size	6,51,16,667 shares	1,12,68,580 shares
Fresh Issue Size (Amount)	up to ₹390.70 Cr	up to ₹365.00 Cr
OFS Issue Size	1,20,50,000 shares	4,12,48,162 shares
OFS Issue Size (Amount)	up to ₹72.30 Cr	up to ₹1,336.40 Cr
Issue Size Total	7,71,66,667 shares	5,25,16,742 shares
Issue Size Total (Amount)	up to ₹463.00 Cr	up to ₹1,701.44 Cr

IPO Timetable

ESAF Small Finance Bank IPO opens on Nov 03, 2023, while Mamaearth IPO opens on Oct 31, 2023. The closing date of ESAF Small Finance Bank IPO and Mamaearth IPO is Nov 07, 2023, and Nov 02, 2023, respectively.

	ESAF Small Finance Bank IPO	Mamaearth IPO
Anchor Bid Date	Nov 02, 2023	Oct 30, 2023
Issue Open	Nov 03, 2023	Oct 31, 2023
Issue Close	Nov 07, 2023	Nov 02, 2023
Basis Of Allotment (Tentative)	Nov 08, 2023	Nov 06, 2023
Initiation of Refunds (Tentative)	Nov 08, 2023	Nov 06, 2023
Credit of Share (Tentative)	Nov 09, 2023	Nov 06, 2023
Listing date (Tentative)	Nov 10, 2023	Nov 07, 2023
Anchor Lockin End date 1	Dec 08, 2023	Dec 06, 2023
Anchor Lockin End date 2	Feb 06, 2024	Feb 04, 2024

Financials

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

ESAF Small Finance Bank IPO

Mamaearth IPO

Financial

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

Honasa Consumer Limited Financial Information (Restated Consolidated)

Honasa Consumer Limited's revenue increased by 57.13% and profit after tax (PAT) dropped by -1145.25% 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	1,048.03	966.42	1,035.01	302.64
Revenue	477.10	1,515.27	964.35	472.10
Profit After Tax	24.72	-150.97	14.44	-1,324.61
Net Worth	638.26	605.90	705.62	-1,765.14
Reserves and Surplus	-1,290.94	-1,323.32	-1,087.33
Total Borrowing	6.79	3.61	3.59
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

74.43%

37.41%

Promoter Shareholding (Post-Issue)

59.74%

35.34%

P/E Ratio

8.94

Market Cap

₹3087.54 Cr.

₹10425.00 Cr.

ROE

ROCE

Debt/Equity

EPS

₹6.73

₹4.66

RoNW

17.69%%

-23.57%%

Shares Offered

In the ESAF Small Finance Bank IPO retail investors (RII) are offered 2,62,79,167 shares while in Mamaearth IPO retail investors are offered 2,62,79,167 shares. Qualified institutional buyers (QIB) are offered 1,50,16,669 shares in ESAF Small Finance Bank IPO and 1,57,44,820 shares in Mamaearth IPO.

	ESAF Small Finance Bank IPO	Mamaearth IPO
Anchor Investor Reserveration	2,25,24,998 shares	2,36,17,228 shares
Market Maker Reserveration
QIB	1,50,16,669 shares	1,57,44,820 shares
NII	1,12,62,500 shares	78,72,409 shares
RII	2,62,79,167 shares	52,48,272 shares
Employee	22,83,653 shares	34,013 shares
Others
Total	5,48,41,989 shares	2,88,99,514 shares

Bids Received (Subscription)

ESAF Small Finance Bank IPO subscribed 77.00x in total, whereas Mamaearth IPO subscribed 7.61x.

	ESAF Small Finance Bank IPO	Mamaearth IPO
QIB (times)	182.66x	11.50x
NII (times)	88.81x	4.02x
Big NII (times)	96.51x	4.85x
Small NII (times)	73.41x	2.36x
RII (times)	17.86x	1.35x
Employee (times)	4.59x	4.88x
Other (times)
Total (times)	77.00x	7.61x

Compare with others

ESAF Small Finance Bank IPO	Mamaearth 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	Cello World Limited 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	Updater Services IPO

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