CreditAccess Grameen IPO vs IRCON International IPO

Comparision between CreditAccess Grameen IPO and IRCON International IPO.

IPO Details

CreditAccess Grameen 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.

	CreditAccess Grameen 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	Credit Suisse Securities (India) Private Limited ICICI Securities Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited	Axis Capital Limited Idbi Capital Market Services Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 CreditAccess Grameen IPO is up to ₹1,131.19 Cr whereas the issue size of the IRCON International IPO is up to ₹470.49 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of IRCON International IPO is ₹475.00 per share.

	CreditAccess Grameen IPO	IRCON International IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹418.00 per share	₹470.00 per share
Issue Price (Upper)	₹422.00 per share	₹475.00 per share
Issue Price (Final)	₹422.00 per share	₹475.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	30 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,68,05,394 shares	99,05,157 shares
Issue Size Total (Amount)	up to ₹1,131.19 Cr	up to ₹470.49 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while IRCON International IPO opens on Sep 17, 2018. The closing date of CreditAccess Grameen IPO and IRCON International IPO is Aug 10, 2018, and Sep 19, 2018, respectively.

	CreditAccess Grameen IPO	IRCON International IPO
Anchor Bid Date
Issue Open	Aug 08, 2018	Sep 17, 2018
Issue Close	Aug 10, 2018	Sep 19, 2018
Basis Of Allotment (Tentative)	Aug 16, 2018	Sep 25, 2018
Initiation of Refunds (Tentative)	Aug 20, 2018	Sep 26, 2018
Credit of Share (Tentative)	Aug 21, 2018	Sep 26, 2018
Listing date (Tentative)	Aug 23, 2018	Sep 28, 2018
Anchor Lockin End date 1	Sep 15, 2018	Oct 25, 2018
Anchor Lockin End date 2	Nov 14, 2018	Dec 24, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to IRCON International IPO P/E ratio of .

CreditAccess Grameen IPO

IRCON International IPO

Financial

Summary of financial Information (Restated)
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	52,183.48	35,640.72	28,079.76	17,268.09	10,580.80
Total Revenue	8,752.05	7,092.61	4,667.19	2,814.28	1,478.29
Profit After Tax	1,246.41	802.98	832.41	487.32	166.26

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 CreditAccess Grameen IPO retail investors (RII) are offered 94,31,890 shares while in IRCON International IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 47,02,578 shares in IRCON International IPO.

	CreditAccess Grameen IPO	IRCON International IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	53,55,555 shares	47,02,578 shares
NII	40,42,239 shares	14,10,774 shares
RII	94,31,890 shares	32,91,805 shares
Employee	0 shares	5,00,000 shares
Others
Total	1,88,29,684 shares	99,05,157 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas IRCON International IPO subscribed 9.77x.

	CreditAccess Grameen IPO	IRCON International IPO
QIB (times)	5.52x	12.29x
NII (times)	0.98x	4.92x
Big NII (times)
Small NII (times)
RII (times)	0.87x	9.66x
Employee (times)		0.36x
Other (times)
Total (times)	2.22x	9.77x

Compare with others

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Fine Organic IPO	TCNS Clothing IPO
RITES Limited IPO	CreditAccess Grameen IPO
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