Aavas Financiers IPO vs IRCON International IPO

Comparision between Aavas Financiers IPO and IRCON International IPO.

IPO Details

Aavas Financiers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRCON International IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aavas Financiers IPO	IRCON International 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	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Hdfc Bank Limited ICICI Securities Limited Spark Capital Advisors (India) Private Limited	Axis Capital Limited Idbi Capital Market Services Limited SBI Capital Markets 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 Aavas Financiers IPO is up to ₹1,734.07 Cr whereas the issue size of the IRCON International IPO is up to ₹470.49 Cr. The final issue price of Aavas Financiers IPO is ₹821.00 per share and of IRCON International IPO is ₹475.00 per share.

	Aavas Financiers IPO	IRCON International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹818.00 per share	₹470.00 per share
Issue Price (Upper)	₹821.00 per share	₹475.00 per share
Issue Price (Final)	₹821.00 per share	₹475.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	18 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr
OFS Issue Size	1,62,49,359 shares
OFS Issue Size (Amount)
Issue Size Total	2,11,21,437 shares	99,05,157 shares
Issue Size Total (Amount)	up to ₹1,734.07 Cr	up to ₹470.49 Cr

IPO Timetable

Aavas Financiers IPO opens on Sep 25, 2018, while IRCON International IPO opens on Sep 17, 2018. The closing date of Aavas Financiers IPO and IRCON International IPO is Sep 27, 2018, and Sep 19, 2018, respectively.

	Aavas Financiers IPO	IRCON International IPO
Anchor Bid Date
Issue Open	Sep 25, 2018	Sep 17, 2018
Issue Close	Sep 27, 2018	Sep 19, 2018
Basis Of Allotment (Tentative)	Oct 03, 2018	Sep 25, 2018
Initiation of Refunds (Tentative)	Oct 04, 2018	Sep 26, 2018
Credit of Share (Tentative)	Oct 05, 2018	Sep 26, 2018
Listing date (Tentative)	Oct 08, 2018	Sep 28, 2018
Anchor Lockin End date 1	Nov 02, 2018	Oct 25, 2018
Anchor Lockin End date 2	Jan 01, 2019	Dec 24, 2018

Financials

Aavas Financiers IPO P/E ratio is , as compared to IRCON International IPO P/E ratio of .

Aavas Financiers IPO

IRCON International IPO

Financial

Summary of financial Information (Restated Standalone)
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	38,174.52	24,506.06	17,107.79	8,523.83	4,179.23
Total Revenue	4,572.45	3,054.92	1,908.99	1,037.55	543.22
Profit After Tax	929.33	571.37	327.80	190.81	63.37

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18
Total Assets	38,174.01
Total Revenue	4,572.71
Profit After Tax	928.75

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15 (Proforma)	31-Mar-14	31-Mar-13
Total Assets	127,782.22	92.314.11	81,394.06	65,210.01	62,134.65	62,389.08
Total Revenue	42,124.02	33,013.48	29,086.37	33,325.05	41,507.70	45,431.58
Profit After Tax	4,115.80	3,839.78	3,931.08	5,630.31	7,469.80	8,048.95

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Millions)
	31-Marc-18	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)	31-Mar-14	31-Mar-13
Total Assets	1,27,079.37	91,676.27	81,367.77	65,287.03	61,718.40	62,393.25
Total Revenue	41,230.59	33,544.28	28,343.49	32,192.33	41,588.22	45,600.59
Profit After Tax	3,908.60	3,688.51	3,693.04	5,591.28	7,403.85	8,131.88

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aavas Financiers IPO retail investors (RII) are offered 73,92,514 shares while in IRCON International IPO retail investors are offered 73,92,514 shares. Qualified institutional buyers (QIB) are offered 42,24,293 shares in Aavas Financiers IPO and 47,02,578 shares in IRCON International IPO.

	Aavas Financiers IPO	IRCON International IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	42,24,293 shares	47,02,578 shares
NII	31,68,220 shares	14,10,774 shares
RII	73,92,514 shares	32,91,805 shares
Employee	0 shares	5,00,000 shares
Others
Total	1,47,85,027 shares	99,05,157 shares

Bids Received (Subscription)

Aavas Financiers IPO subscribed 0.97x in total, whereas IRCON International IPO subscribed 9.77x.

	Aavas Financiers IPO	IRCON International IPO
QIB (times)	2.77x	12.29x
NII (times)	0.26x	4.92x
Big NII (times)
Small NII (times)
RII (times)	0.25x	9.66x
Employee (times)		0.36x
Other (times)
Total (times)	0.97x	9.77x

Compare with others

Aavas Financiers IPO	IRCON International IPO
Polycab IPO	Metropolis IPO
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MSTC IPO	Xelpmoc Design and Tech IPO
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IRCON International IPO	Garden Reach Shipbuilders IPO
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Chalet Hotels Limited IPO	TCNS Clothing IPO
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CreditAccess Grameen IPO	HDFC AMC IPO

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