Equitas Small Finance Bank IPO vs IRCTC IPO

Comparision between Equitas Small Finance Bank IPO and IRCTC IPO.

IPO Details

Equitas Small Finance Bank 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.

	Equitas Small Finance Bank 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	Edelweiss Financial Services Ltd Iifl Securities Ltd Jm Financial Limited	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 Equitas Small Finance Bank IPO is up to ₹517.60 Cr whereas the issue size of the IRCTC IPO is up to ₹645.12 Cr. The final issue price of Equitas Small Finance Bank IPO is ₹33.00 per share and of IRCTC IPO is ₹320.00 per share.

	Equitas Small Finance Bank IPO	IRCTC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹32.00 per share	₹315.00 per share
Issue Price (Upper)	₹33.00 per share	₹320.00 per share
Issue Price (Final)	₹33.00 per share	₹320.00 per share
Discount (Retail)	₹0.00 per share	₹10.00 per share
Discount (Employee)	₹0.00 per share	₹10.00 per share
Market Lot Size	450 shares	40 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹280.00 Cr
OFS Issue Size	7,20,00,000 shares	2,01,60,000 shares
OFS Issue Size (Amount)	up to ₹237.60 Cr
Issue Size Total		2,01,60,000 shares
Issue Size Total (Amount)	up to ₹517.60 Cr	up to ₹645.12 Cr

IPO Timetable

Equitas Small Finance Bank IPO opens on Oct 20, 2020, while IRCTC IPO opens on Sep 30, 2019. The closing date of Equitas Small Finance Bank IPO and IRCTC IPO is Oct 22, 2020, and Oct 03, 2019, respectively.

	Equitas Small Finance Bank IPO	IRCTC IPO
Anchor Bid Date
Issue Open	Oct 20, 2020	Sep 30, 2019
Issue Close	Oct 22, 2020	Oct 03, 2019
Basis Of Allotment (Tentative)	Oct 27, 2020	Oct 09, 2019
Initiation of Refunds (Tentative)	Oct 28, 2020	Oct 10, 2019
Credit of Share (Tentative)	Oct 29, 2020	Oct 11, 2019
Listing date (Tentative)	Nov 02, 2020	Oct 14, 2019
Anchor Lockin End date 1	Nov 26, 2020	Nov 08, 2019
Anchor Lockin End date 2	Jan 25, 2021	Jan 07, 2020

Financials

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

Equitas Small Finance Bank IPO

IRCTC IPO

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 (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)

100%

Promoter Shareholding (Post-Issue)

87.40%

P/E Ratio

Market Cap

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 IRCTC IPO 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 1,00,00,000 shares in IRCTC IPO.

	Equitas Small Finance Bank IPO	IRCTC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,79,75,001 shares	1,00,00,000 shares
NII	2,14,87,500 shares	30,00,000 shares
RII	5,01,37,500 shares	70,00,000 shares
Employee	3,12,500 shares	1,60,000 shares
Others
Total	11,58,50,001 shares	2,01,60,000 shares

Bids Received (Subscription)

Equitas Small Finance Bank IPO subscribed 1.95x in total, whereas IRCTC IPO subscribed 111.91x.

	Equitas Small Finance Bank IPO	IRCTC IPO
QIB (times)	3.91x	108.79x
NII (times)	0.22x	354.52x
Big NII (times)
Small NII (times)
RII (times)	2.08x	14.83x
Employee (times)	1.84x	5.81x
Other (times)	0.42x
Total (times)	1.95x	111.91x

Compare with others

Equitas Small Finance Bank IPO	IRCTC IPO
CAMS IPO	Equitas Small Finance Bank IPO
UTI AMC IPO	Prince Pipes IPO
Mindspace REIT	SBI Cards IPO
Yes Bank FPO	Ujjivan Bank IPO
Rossari Biotech IPO	CSB Bank IPO
Prince Pipes IPO	Vishwaraj IPO
SBI Cards IPO	Sterling and Wilson IPO
Ujjivan Bank IPO	Spandana Sphoorty IPO
CSB Bank IPO	Affle IPO
IRCTC IPO	IndiaMart IPO

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