Fino Payments Bank IPO vs Sigachi Industries IPO

Comparision between Fino Payments Bank IPO and Sigachi Industries IPO.

IPO Details

Fino Payments Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sigachi Industries IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fino Payments Bank IPO	Sigachi Industries 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	Axis Capital Limited Clsa India Private Limited ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Unistone Capital Pvt Ltd
Registrar	Kfin Technologies Limited	Bigshare Services Pvt 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 Fino Payments Bank IPO is up to ₹1,200.29 Cr whereas the issue size of the Sigachi Industries IPO is up to ₹125.43 Cr. The final issue price of Fino Payments Bank IPO is ₹577.00 per share and of Sigachi Industries IPO is ₹163.00 per share.

	Fino Payments Bank IPO	Sigachi Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹560.00 per share	₹161.00 per share
Issue Price (Upper)	₹577.00 per share	₹163.00 per share
Issue Price (Final)	₹577.00 per share	₹163.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	90 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr
OFS Issue Size	1,56,02,999 shares
OFS Issue Size (Amount)	up to ₹900.29 Cr
Issue Size Total		76,95,000 shares
Issue Size Total (Amount)	up to ₹1,200.29 Cr	up to ₹125.43 Cr

IPO Timetable

Fino Payments Bank IPO opens on Oct 29, 2021, while Sigachi Industries IPO opens on Nov 01, 2021. The closing date of Fino Payments Bank IPO and Sigachi Industries IPO is Nov 02, 2021, and Nov 03, 2021, respectively.

	Fino Payments Bank IPO	Sigachi Industries IPO
Anchor Bid Date
Issue Open	Oct 29, 2021	Nov 01, 2021
Issue Close	Nov 02, 2021	Nov 03, 2021
Basis Of Allotment (Tentative)	Nov 09, 2021	Nov 10, 2021
Initiation of Refunds (Tentative)	Nov 10, 2021	Nov 11, 2021
Credit of Share (Tentative)	Nov 11, 2021	Nov 12, 2021
Listing date (Tentative)	Nov 12, 2021	Nov 15, 2021
Anchor Lockin End date 1	Dec 09, 2021	Dec 10, 2021
Anchor Lockin End date 2	Feb 07, 2022	Feb 08, 2022

Financials

Fino Payments Bank IPO P/E ratio is , as compared to Sigachi Industries IPO P/E ratio of .

Fino Payments Bank IPO

Sigachi Industries IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-March-21	31-Mar-20	31-Mar-19
Total Assets	10,102.91	6,240.01	6,840.72
Total Revenue	7,910.27	6,913.97	3,711.21
Profit After Tax	204.74	(320.36)	(623.84)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	30-Jun-20	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	1,514.19	1,155.59	1,334.07	1,091.43	914.62
Total Revenue	551.22	448.16	1,960.10	1,439.49	1,328.77
Profit After Tax	89.89	60.59	302.60	203.15	190.12

Promoter Shareholding (Pre-Issue)

100%

65%

Promoter Shareholding (Post-Issue)

75%

48%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fino Payments Bank IPO retail investors (RII) are offered 20,75,031 shares while in Sigachi Industries IPO retail investors are offered 20,75,031 shares. Qualified institutional buyers (QIB) are offered 62,25,094 shares in Fino Payments Bank IPO and 15,39,000 shares in Sigachi Industries IPO.

	Fino Payments Bank IPO	Sigachi Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	62,25,094 shares	15,39,000 shares
NII	31,12,546 shares	11,54,250 shares
RII	20,75,031 shares	26,93,250 shares
Employee	51,993 shares	0 shares
Others
Total	1,14,64,664 shares	53,86,500 shares

Bids Received (Subscription)

Fino Payments Bank IPO subscribed 2.03x in total, whereas Sigachi Industries IPO subscribed 101.91x.

	Fino Payments Bank IPO	Sigachi Industries IPO
QIB (times)	1.64x	86.51x
NII (times)	0.21x	172.43x
Big NII (times)
Small NII (times)
RII (times)	5.92x	80.49x
Employee (times)	0.93x
Other (times)
Total (times)	2.03x	101.91x

Compare with others

Fino Payments Bank IPO	Sigachi Industries IPO
Sigachi Industries IPO	Star Health IPO
Adani Wilmar IPO	GoColors IPO
PolicyBazaar IPO	Tarsons Products IPO
Nykaa IPO	Latent View Analytics IPO
SJS Enterprises IPO	Sapphire Foods IPO
Paras Defence and Space Technologies IPO	Adani Wilmar IPO
Aditya Birla Sun Life AMC IPO	PolicyBazaar IPO
Sansera Engineering IPO	Nykaa IPO
Vijaya Diagnostic IPO	SJS Enterprises IPO
Ami Organics IPO	Fino Payments Bank IPO

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