Sona Comstar IPO vs Suryoday Small Finance Bank IPO

Comparision between Sona Comstar IPO and Suryoday Small Finance Bank IPO.

IPO Details

Sona Comstar IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suryoday Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Sona Comstar IPO	Suryoday Small Finance 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	Credit Suisse Securities (India) Private Limited J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
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 Sona Comstar IPO is up to ₹5,550.00 Cr whereas the issue size of the Suryoday Small Finance Bank IPO is up to ₹582.34 Cr. The final issue price of Sona Comstar IPO is ₹291.00 per share and of Suryoday Small Finance Bank IPO is ₹305.00 per share.

	Sona Comstar IPO	Suryoday Small Finance Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹285.00 per share	₹303.00 per share
Issue Price (Upper)	₹291.00 per share	₹305.00 per share
Issue Price (Final)	₹291.00 per share	₹305.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	51 shares	49 shares
Fresh Issue Size		81,50,000 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹248.58 Cr
OFS Issue Size		1,09,43,070 shares
OFS Issue Size (Amount)	up to ₹5,250.00 Cr	up to ₹333.76 Cr
Issue Size Total		1,90,93,070 shares
Issue Size Total (Amount)	up to ₹5,550.00 Cr	up to ₹582.34 Cr

IPO Timetable

Sona Comstar IPO opens on Jun 14, 2021, while Suryoday Small Finance Bank IPO opens on Mar 17, 2021. The closing date of Sona Comstar IPO and Suryoday Small Finance Bank IPO is Jun 16, 2021, and Mar 19, 2021, respectively.

	Sona Comstar IPO	Suryoday Small Finance Bank IPO
Anchor Bid Date
Issue Open	Jun 14, 2021	Mar 17, 2021
Issue Close	Jun 16, 2021	Mar 19, 2021
Basis Of Allotment (Tentative)	Jun 21, 2021	Mar 24, 2021
Initiation of Refunds (Tentative)	Jun 22, 2021	Mar 24, 2021
Credit of Share (Tentative)	Jun 23, 2021	Mar 25, 2021
Listing date (Tentative)	Jun 24, 2021	Mar 26, 2021
Anchor Lockin End date 1	Jul 21, 2021	Apr 23, 2021
Anchor Lockin End date 2	Sep 19, 2021	Jun 22, 2021

Financials

Sona Comstar IPO P/E ratio is , as compared to Suryoday Small Finance Bank IPO P/E ratio of .

Sona Comstar IPO

Suryoday Small Finance Bank IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	21,748.30	18,506.82	16,325.57
Total Revenue	15,686.41	10,437.65	7,025.01
Profit After Tax	2,151.65	3,603.43	1,731.80

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	63,504.09	53,645.22	37,612.03	21,559.64
Total Revenue	6,892.73	8,541.38	5,970.29	3,249.26
Profit After Tax	548.66	1,111.98	903.98	114.92

Promoter Shareholding (Pre-Issue)

100%

30.35%

Promoter Shareholding (Post-Issue)

67.30%

28.02%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Sona Comstar IPO retail investors (RII) are offered 1,94,73,684 shares while in Suryoday Small Finance Bank IPO retail investors are offered 1,94,73,684 shares. Qualified institutional buyers (QIB) are offered 5,84,21,052 shares in Sona Comstar IPO and 37,18,614 shares in Suryoday Small Finance Bank IPO.

	Sona Comstar IPO	Suryoday Small Finance Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	5,84,21,052 shares	37,18,614 shares
NII	2,92,10,526 shares	27,88,961 shares
RII	1,94,73,684 shares	65,07,575 shares
Employee	0 shares	5,00,000 shares
Others
Total	10,71,05,262 shares	1,35,15,150 shares

Bids Received (Subscription)

Sona Comstar IPO subscribed 2.28x in total, whereas Suryoday Small Finance Bank IPO subscribed 2.37x.

	Sona Comstar IPO	Suryoday Small Finance Bank IPO
QIB (times)	3.46x	2.18x
NII (times)	0.39x	1.31x
Big NII (times)
Small NII (times)
RII (times)	1.58x	3.09x
Employee (times)		0.34x
Other (times)
Total (times)	2.28x	2.37x

Compare with others

Sona Comstar IPO	Suryoday Small Finance Bank IPO
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POWERGRID InvIT IPO April 2021	Kalyan Jewellers IPO
Shyam Metalics IPO	Anupam Rasayan IPO
Lodha Developers IPO	Laxmi Organic IPO
Barbeque Nation IPO	Craftsman Automation IPO
Suryoday Small Finance Bank IPO	Nazara Technologies IPO

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