GNA Axles IPO vs RBL Bank IPO

Comparision between GNA Axles IPO and RBL Bank IPO.

IPO Details

GNA Axles IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RBL Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	GNA Axles IPO	RBL Bank 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	Ambit Private Limited Pnb Investment Services Ltd	Axis Bank Limited Citigroup Global Markets India Private Limited Hdfc Bank Limited ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Iifl Securities Ltd Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
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 GNA Axles IPO is up to ₹130.41 Cr whereas the issue size of the RBL Bank IPO is up to ₹1,212.97 Cr. The final issue price of GNA Axles IPO is ₹207.00 per share and of RBL Bank IPO is ₹225.00 per share.

	GNA Axles IPO	RBL Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹205.00 per share	₹224.00 per share
Issue Price (Upper)	₹207.00 per share	₹225.00 per share
Issue Price (Final)	₹207.00 per share	₹225.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	70 shares	65 shares
Fresh Issue Size	63,00,000 shares	3,70,00,000 shares
Fresh Issue Size (Amount)		up to ₹832.50 Cr
OFS Issue Size		1,69,09,628 shares
OFS Issue Size (Amount)
Issue Size Total	63,00,000 shares	5,39,09,628 shares
Issue Size Total (Amount)	up to ₹130.41 Cr	up to ₹1,212.97 Cr

IPO Timetable

GNA Axles IPO opens on Sep 14, 2016, while RBL Bank IPO opens on Aug 19, 2016. The closing date of GNA Axles IPO and RBL Bank IPO is Sep 16, 2016, and Aug 23, 2016, respectively.

	GNA Axles IPO	RBL Bank IPO
Anchor Bid Date
Issue Open	Sep 14, 2016	Aug 19, 2016
Issue Close	Sep 16, 2016	Aug 23, 2016
Basis Of Allotment (Tentative)	Sep 21, 2016
Initiation of Refunds (Tentative)	Sep 22, 2016
Credit of Share (Tentative)	Sep 23, 2016
Listing date (Tentative)	Sep 26, 2016
Anchor Lockin End date 1	Oct 21, 2016
Anchor Lockin End date 2	Dec 20, 2016

Financials

GNA Axles IPO P/E ratio is , as compared to RBL Bank IPO P/E ratio of .

GNA Axles IPO

RBL Bank IPO

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	4,465.32	4,264.62	3,818.51	3,178.77	2,674.52
Total Revenue	5,089.43	4,306.44	4,042.48	3,490.51	3,986.66
Profit After Tax (PAT)	259.56	215.98	132.65	48.14	169.34

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	391,600.91	271,036.49	181,970.77	129,622.74	72,072.67
Total Revenue	32,348.50	23,564.94	16,125.88	10,057.61	5,322.16
Profit After Tax (PAT)	2,968.02	2,084.51	928.88	925.28	657.43

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the GNA Axles IPO retail investors (RII) are offered 21,35,000 shares while in RBL Bank IPO retail investors are offered 21,35,000 shares. Qualified institutional buyers (QIB) are offered 12,20,000 shares in GNA Axles IPO and 1,08,64,515 shares in RBL Bank IPO.

	GNA Axles IPO	RBL Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,20,000 shares	1,08,64,515 shares
NII	9,15,000 shares	81,11,221 shares
RII	21,35,000 shares	1,89,26,183 shares
Employee	2,00,000 shares
Others
Total	44,70,000 shares	3,79,01,919 shares

Bids Received (Subscription)

GNA Axles IPO subscribed 54.88x in total, whereas RBL Bank IPO subscribed 69.62x.

	GNA Axles IPO	RBL Bank IPO
QIB (times)	17.18x	85.08x
NII (times)	217.47x	198.06x
Big NII (times)
Small NII (times)
RII (times)	11.84x	5.70x
Employee (times)	0.31x
Other (times)
Total (times)	54.88x	69.62x

Compare with others

GNA Axles IPO	RBL Bank IPO
Sheela Foam IPO	Endurance Technologies IPO
PNB Housing Finance IPO	HPL Electric IPO
Varun Beverages IPO	GNA Axles IPO
Endurance Technologies IPO	L&T Technology IPO
HPL Electric IPO	ICICI Prudential Life IPO
L&T Technology IPO	S P Apparels IPO
ICICI Prudential Life IPO	Dilip Buildcon IPO
RBL Bank IPO	Advanced Enzyme IPO
S P Apparels IPO	L&T Infotech IPO
Dilip Buildcon IPO	Quess Corp IPO

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