Affle IPO vs IRCTC IPO

Comparision between Affle IPO and IRCTC IPO.

IPO Details

Affle IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRCTC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Affle IPO	IRCTC 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 Nomura Financial Advisory And Securities (India) Pvt Ltd	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Kfin Technologies Limited	Alankit Assignments 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 Affle IPO is up to ₹459.00 Cr whereas the issue size of the IRCTC IPO is up to ₹645.12 Cr. The final issue price of Affle IPO is ₹745.00 per share and of IRCTC IPO is ₹320.00 per share.

	Affle IPO	IRCTC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹740.00 per share	₹315.00 per share
Issue Price (Upper)	₹745.00 per share	₹320.00 per share
Issue Price (Final)	₹745.00 per share	₹320.00 per share
Discount (Retail)		₹10.00 per share
Discount (Employee)		₹10.00 per share
Market Lot Size	20 shares	40 shares
Fresh Issue Size	12,16,200 shares
Fresh Issue Size (Amount)	up to ₹90.00 Cr
OFS Issue Size	49,53,020 shares	2,01,60,000 shares
OFS Issue Size (Amount)	up to ₹369.00 Cr
Issue Size Total		2,01,60,000 shares
Issue Size Total (Amount)	up to ₹459.00 Cr	up to ₹645.12 Cr

IPO Timetable

Affle IPO opens on Jul 29, 2019, while IRCTC IPO opens on Sep 30, 2019. The closing date of Affle IPO and IRCTC IPO is Jul 31, 2019, and Oct 03, 2019, respectively.

	Affle IPO	IRCTC IPO
Anchor Bid Date
Issue Open	Jul 29, 2019	Sep 30, 2019
Issue Close	Jul 31, 2019	Oct 03, 2019
Basis Of Allotment (Tentative)	Aug 05, 2019	Oct 09, 2019
Initiation of Refunds (Tentative)	Aug 06, 2019	Oct 10, 2019
Credit of Share (Tentative)	Aug 07, 2019	Oct 11, 2019
Listing date (Tentative)	Aug 08, 2019	Oct 14, 2019
Anchor Lockin End date 1	Sep 04, 2019	Nov 08, 2019
Anchor Lockin End date 2	Nov 03, 2019	Jan 07, 2020

Financials

Affle IPO P/E ratio is , as compared to IRCTC IPO P/E ratio of .

Affle IPO

IRCTC IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	935.85	580.31	486.89	539.05	288.71	141.01
Total Revenue	1,177.94	837.56	656.29	879.71	393.27	148.36
Profit After Tax	166.79	88.31	3.30	23.94	22.55	12.91
For Fiscal 2019 on a Proforma Basis, revenue from operations was Rs 2,686.09 mn and profit after tax was Rs 517.90 mn

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	25,837.80	23,191.06	18,264.54
Total Revenue	19,566.60	15,695.60	16,028.50
Profit After Tax	2,725.95	2,206.19	2,290.81

Promoter Shareholding (Pre-Issue)

92.17%

100%

Promoter Shareholding (Post-Issue)

68.4%

87.40%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Affle IPO retail investors (RII) are offered 6,16,923 shares while in IRCTC IPO retail investors are offered 6,16,923 shares. Qualified institutional buyers (QIB) are offered 18,35,713 shares in Affle IPO and 1,00,00,000 shares in IRCTC IPO.

	Affle IPO	IRCTC IPO
Anchor Investor Reserveration	27,72,483 shares
Market Maker Reserveration
QIB	18,35,713 shares	1,00,00,000 shares
NII	9,25,385 shares	30,00,000 shares
RII	6,16,923 shares	70,00,000 shares
Employee	0 shares	1,60,000 shares
Others
Total	33,78,021 shares	2,01,60,000 shares

Bids Received (Subscription)

Affle IPO subscribed 86.48x in total, whereas IRCTC IPO subscribed 111.91x.

	Affle IPO	IRCTC IPO
QIB (times)	55.31x	108.79x
NII (times)	198.69x	354.52x
Big NII (times)
Small NII (times)
RII (times)	10.94x	14.83x
Employee (times)		5.81x
Other (times)
Total (times)	86.48x	111.91x

Compare with others

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

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