Equitas Small Finance Bank IPO vs Rossari Biotech IPO

Comparision between Equitas Small Finance Bank IPO and Rossari Biotech IPO.

IPO Details

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

	Equitas Small Finance Bank IPO	Rossari Biotech 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	Axis Bank Limited ICICI Securities 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 Rossari Biotech IPO is up to ₹496.49 Cr. The final issue price of Equitas Small Finance Bank IPO is ₹33.00 per share and of Rossari Biotech IPO is ₹425.00 per share.

	Equitas Small Finance Bank IPO	Rossari Biotech IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹32.00 per share	₹423.00 per share
Issue Price (Upper)	₹33.00 per share	₹425.00 per share
Issue Price (Final)	₹33.00 per share	₹425.00 per share
Discount (Retail)	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	450 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹280.00 Cr	up to ₹50.00 Cr
OFS Issue Size	7,20,00,000 shares	1,05,00,000 shares
OFS Issue Size (Amount)	up to ₹237.60 Cr
Issue Size Total		1,16,82,033 shares
Issue Size Total (Amount)	up to ₹517.60 Cr	up to ₹496.49 Cr

IPO Timetable

Equitas Small Finance Bank IPO opens on Oct 20, 2020, while Rossari Biotech IPO opens on Jul 13, 2020. The closing date of Equitas Small Finance Bank IPO and Rossari Biotech IPO is Oct 22, 2020, and Jul 15, 2020, respectively.

	Equitas Small Finance Bank IPO	Rossari Biotech IPO
Anchor Bid Date
Issue Open	Oct 20, 2020	Jul 13, 2020
Issue Close	Oct 22, 2020	Jul 15, 2020
Basis Of Allotment (Tentative)	Oct 27, 2020	Jul 20, 2020
Initiation of Refunds (Tentative)	Oct 28, 2020	Jul 21, 2020
Credit of Share (Tentative)	Oct 29, 2020	Jul 22, 2020
Listing date (Tentative)	Nov 02, 2020	Jul 23, 2020
Anchor Lockin End date 1	Nov 26, 2020	Aug 19, 2020
Anchor Lockin End date 2	Jan 25, 2021	Oct 18, 2020

Financials

Equitas Small Finance Bank IPO P/E ratio is , as compared to Rossari Biotech IPO P/E ratio of 33.81.

Equitas Small Finance Bank IPO

Rossari Biotech 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 Million)
	31-Mar-20	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	4,715.15	2489.45	1649.50	1308.94
Total Revenue	6,038.18	5171.24	3004.29	2605.97
Profit After Tax	652.53	456.83	254.03	142.85

Promoter Shareholding (Pre-Issue)

95.06%

Promoter Shareholding (Post-Issue)

73%

P/E Ratio

33.81

Market Cap

₹2207.00 Cr.

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 Rossari Biotech 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 23,35,294 shares in Rossari Biotech IPO.

	Equitas Small Finance Bank IPO	Rossari Biotech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,79,75,001 shares	23,35,294 shares
NII	2,14,87,500 shares	17,51,471 shares
RII	5,01,37,500 shares	40,86,765 shares
Employee	3,12,500 shares	0 shares
Others
Total	11,58,50,001 shares	81,73,530 shares

Bids Received (Subscription)

Equitas Small Finance Bank IPO subscribed 1.95x in total, whereas Rossari Biotech IPO subscribed 79.37x.

	Equitas Small Finance Bank IPO	Rossari Biotech IPO
QIB (times)	3.91x	85.26x
NII (times)	0.22x	239.83x
Big NII (times)
Small NII (times)
RII (times)	2.08x	7.23x
Employee (times)	1.84x
Other (times)	0.42x
Total (times)	1.95x	79.37x

Compare with others

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

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