SBI Cards IPO vs Yes Bank FPO

Comparision between SBI Cards IPO and Yes Bank FPO.

IPO Details

SBI Cards IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Yes Bank FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	SBI Cards IPO	Yes Bank FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Bofa Securities India Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	Axis Bank Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Yes Bank Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 SBI Cards IPO is up to ₹10,354.77 Cr whereas the issue size of the Yes Bank FPO is up to ₹15,000.00 Cr. The final issue price of SBI Cards IPO is ₹755.00 per share and of Yes Bank FPO is ₹12.00 per share.

	SBI Cards IPO	Yes Bank FPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹750.00 per share	₹12.00 per share
Issue Price (Upper)	₹755.00 per share	₹13.00 per share
Issue Price (Final)	₹755.00 per share	₹12.00 per share
Discount (Retail)
Discount (Employee)	₹75.00 per share	₹1.00 per share
Market Lot Size	19 shares	1000 shares
Fresh Issue Size	66,22,517 shares
Fresh Issue Size (Amount)	up to ₹500.00 Cr	up to ₹15,000.00 Cr
OFS Issue Size	13,05,26,798 shares
OFS Issue Size (Amount)	up to ₹9,854.77 Cr
Issue Size Total	13,71,93,464 shares
Issue Size Total (Amount)	up to ₹10,354.77 Cr	up to ₹15,000.00 Cr

IPO Timetable

SBI Cards IPO opens on Mar 02, 2020, while Yes Bank FPO opens on Jul 15, 2020. The closing date of SBI Cards IPO and Yes Bank FPO is Mar 05, 2020, and Jul 17, 2020, respectively.

	SBI Cards IPO	Yes Bank FPO
Anchor Bid Date
Issue Open	Mar 02, 2020	Jul 15, 2020
Issue Close	Mar 05, 2020	Jul 17, 2020
Basis Of Allotment (Tentative)	Mar 11, 2020	Jul 22, 2020
Initiation of Refunds (Tentative)	Mar 12, 2020	Jul 23, 2020
Credit of Share (Tentative)	Mar 13, 2020	Jul 24, 2020
Listing date (Tentative)	Mar 16, 2020	Jul 27, 2020
Anchor Lockin End date 1	Apr 10, 2020	Aug 21, 2020
Anchor Lockin End date 2	Jun 09, 2020	Oct 20, 2020

Financials

SBI Cards IPO P/E ratio is 45.8, as compared to Yes Bank FPO P/E ratio of .

SBI Cards IPO

Yes Bank FPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Dec-19	31-March-19	31-Mar-18	31-Mar-17
Total Assets	259,934.65	202,396.36	156,860.07	107,649.82
Total Revenue	72,401.56	72,868.35	53,701.92	34,710.38
Profit After Tax	11,612.07	8,627.22	6,011.42	3,728.61

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	2,578,321.64	3,808,596.10	3,124,496.54
Total Revenue	103,350.56	144,879.93	130,323.20
Profit After Tax	(164,325.80)	17,092.66	42,332.20

Promoter Shareholding (Pre-Issue)

74%

Promoter Shareholding (Post-Issue)

69.51%

P/E Ratio

45.8

Market Cap

₹70890.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the SBI Cards IPO retail investors (RII) are offered 4,27,96,641 shares while in Yes Bank FPO retail investors are offered 4,27,96,641 shares. Qualified institutional buyers (QIB) are offered 2,42,24,003 shares in SBI Cards IPO and 2,75,12,82,051 shares in Yes Bank FPO.

	SBI Cards IPO	Yes Bank FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,42,24,003 shares	2,75,12,82,051 shares
NII	1,83,41,418 shares	1,85,00,00,000 shares
RII	4,27,96,641 shares	4,31,66,66,667 shares
Employee	18,64,669 shares	18,18,18,181 shares
Others
Total	10,02,79,411 shares	9,09,97,66,899 shares

Bids Received (Subscription)

SBI Cards IPO subscribed 26.54x in total, whereas Yes Bank FPO subscribed 0.93x.

	SBI Cards IPO	Yes Bank FPO
QIB (times)	57.18x	1.90x
NII (times)	45.23x	0.63x
Big NII (times)
Small NII (times)
RII (times)	2.50x	0.47x
Employee (times)	4.74x	0.32x
Other (times)	25.36x
Total (times)	26.54x	0.93x

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Yes Bank FPO	Happiest Minds IPO
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Prince Pipes IPO	Mindspace REIT
Ujjivan Bank IPO	Rossari Biotech IPO
CSB Bank IPO	Equitas Small Finance Bank IPO
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Vishwaraj IPO	SBI Cards IPO
Sterling and Wilson IPO	Ujjivan Bank IPO

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