Equitas Small Finance Bank IPO vs Prince Pipes IPO

Comparision between Equitas Small Finance Bank IPO and Prince Pipes IPO.

IPO Details

Equitas Small Finance Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Prince Pipes IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Equitas Small Finance Bank IPO	Prince Pipes 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	Edelweiss Financial Services Ltd Jm Financial Limited
Registrar	Kfin Technologies Limited	Link Intime India Private 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 Prince Pipes IPO is up to ₹500.00 Cr. The final issue price of Equitas Small Finance Bank IPO is ₹33.00 per share and of Prince Pipes IPO is ₹178.00 per share.

	Equitas Small Finance Bank IPO	Prince Pipes IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹32.00 per share	₹177.00 per share
Issue Price (Upper)	₹33.00 per share	₹178.00 per share
Issue Price (Final)	₹33.00 per share	₹178.00 per share
Discount (Retail)	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	450 shares	84 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹280.00 Cr	up to ₹250.00 Cr
OFS Issue Size	7,20,00,000 shares
OFS Issue Size (Amount)	up to ₹237.60 Cr	up to ₹250.00 Cr
Issue Size Total		2,82,48,586 shares
Issue Size Total (Amount)	up to ₹517.60 Cr	up to ₹500.00 Cr

IPO Timetable

Equitas Small Finance Bank IPO opens on Oct 20, 2020, while Prince Pipes IPO opens on Dec 18, 2019. The closing date of Equitas Small Finance Bank IPO and Prince Pipes IPO is Oct 22, 2020, and Dec 20, 2019, respectively.

	Equitas Small Finance Bank IPO	Prince Pipes IPO
Anchor Bid Date
Issue Open	Oct 20, 2020	Dec 18, 2019
Issue Close	Oct 22, 2020	Dec 20, 2019
Basis Of Allotment (Tentative)	Oct 27, 2020	Dec 26, 2019
Initiation of Refunds (Tentative)	Oct 28, 2020	Dec 27, 2019
Credit of Share (Tentative)	Oct 29, 2020	Dec 30, 2019
Listing date (Tentative)	Nov 02, 2020	Dec 30, 2019
Anchor Lockin End date 1	Nov 26, 2020	Jan 25, 2020
Anchor Lockin End date 2	Jan 25, 2021	Mar 25, 2020

Financials

Equitas Small Finance Bank IPO P/E ratio is , as compared to Prince Pipes IPO P/E ratio of 18.35.

Equitas Small Finance Bank IPO

Prince Pipes 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 (Rs in Millions)
	Three months period ended on 30-June-2019	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	10,144.57	10,404.13	9,798.77	7,605.05	6,533.00
Total Revenue	3,801.92	15,789.95	13,265.71	13,324.95	10,816.18
Profit After Tax	266.69	833.51	727.66	741.82	295.35

Promoter Shareholding (Pre-Issue)

90.06%

Promoter Shareholding (Post-Issue)

65.80%

P/E Ratio

18.35

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 Prince Pipes 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 56,49,718 shares in Prince Pipes IPO.

	Equitas Small Finance Bank IPO	Prince Pipes IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,79,75,001 shares	56,49,718 shares
NII	2,14,87,500 shares	42,37,288 shares
RII	5,01,37,500 shares	98,87,006 shares
Employee	3,12,500 shares
Others
Total	11,58,50,001 shares	1,97,74,012 shares

Bids Received (Subscription)

Equitas Small Finance Bank IPO subscribed 1.95x in total, whereas Prince Pipes IPO subscribed 2.21x.

	Equitas Small Finance Bank IPO	Prince Pipes IPO
QIB (times)	3.91x	3.54x
NII (times)	0.22x	1.21x
Big NII (times)
Small NII (times)
RII (times)	2.08x	1.89x
Employee (times)	1.84x
Other (times)	0.42x
Total (times)	1.95x	2.21x

Compare with others

Equitas Small Finance Bank IPO	Prince Pipes IPO
CAMS IPO	UTI AMC IPO
UTI AMC IPO	Mindspace REIT
Mindspace REIT	Yes Bank FPO
Yes Bank FPO	Rossari Biotech IPO
Rossari Biotech IPO	Equitas Small Finance Bank IPO
Prince Pipes IPO	SBI Cards IPO
SBI Cards IPO	Ujjivan Bank IPO
Ujjivan Bank IPO	CSB Bank IPO
CSB Bank IPO	IRCTC IPO
IRCTC IPO	Vishwaraj IPO

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