Affle IPO vs Spandana Sphoorty IPO

Comparision between Affle IPO and Spandana Sphoorty IPO.

IPO Details

Affle IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Spandana Sphoorty IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Affle IPO	Spandana Sphoorty 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	ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited Jm Financial Limited Yes Securities (India) 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 Affle IPO is up to ₹459.00 Cr whereas the issue size of the Spandana Sphoorty IPO is up to ₹1,202.34 Cr. The final issue price of Affle IPO is ₹745.00 per share and of Spandana Sphoorty IPO is ₹856.00 per share.

	Affle IPO	Spandana Sphoorty IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹740.00 per share	₹853.00 per share
Issue Price (Upper)	₹745.00 per share	₹856.00 per share
Issue Price (Final)	₹745.00 per share	₹856.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	20 shares	17 shares
Fresh Issue Size	12,16,200 shares	46,89,331 shares
Fresh Issue Size (Amount)	up to ₹90.00 Cr	up to ₹400.00 Cr
OFS Issue Size	49,53,020 shares	93,56,725 shares
OFS Issue Size (Amount)	up to ₹369.00 Cr
Issue Size Total		1,40,46,056 shares
Issue Size Total (Amount)	up to ₹459.00 Cr	up to ₹1,202.34 Cr

IPO Timetable

Affle IPO opens on Jul 29, 2019, while Spandana Sphoorty IPO opens on Aug 05, 2019. The closing date of Affle IPO and Spandana Sphoorty IPO is Jul 31, 2019, and Aug 07, 2019, respectively.

	Affle IPO	Spandana Sphoorty IPO
Anchor Bid Date
Issue Open	Jul 29, 2019	Aug 05, 2019
Issue Close	Jul 31, 2019	Aug 07, 2019
Basis Of Allotment (Tentative)	Aug 05, 2019	Aug 14, 2019
Initiation of Refunds (Tentative)	Aug 06, 2019	Aug 14, 2019
Credit of Share (Tentative)	Aug 07, 2019	Aug 16, 2019
Listing date (Tentative)	Aug 08, 2019	Aug 19, 2019
Anchor Lockin End date 1	Sep 04, 2019	Sep 13, 2019
Anchor Lockin End date 2	Nov 03, 2019	Nov 12, 2019

Financials

Affle IPO P/E ratio is , as compared to Spandana Sphoorty IPO P/E ratio of .

Affle IPO

Spandana Sphoorty IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	935.85	580.31	486.89	539.05	288.71	141.01
Total Revenue	1,177.94	837.56	656.29	879.71	393.27	148.36
Profit After Tax	166.79	88.31	3.30	23.94	22.55	12.91
For Fiscal 2019 on a Proforma Basis, revenue from operations was Rs 2,686.09 mn and profit after tax was Rs 517.90 mn

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	48,980.37	37,642.47	19,286.22	20,998.95	23,524.69
Total Revenue	10,362.81	5,872.74	3,770.64	3,438.62	3,019.71
Profit After Tax	3,087.48	1,879.71	4,434.14	2,432.35	1,050.99

Promoter Shareholding (Pre-Issue)

92.17%

81.21%

Promoter Shareholding (Post-Issue)

68.4%

62.6%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Affle IPO retail investors (RII) are offered 6,16,923 shares while in Spandana Sphoorty IPO retail investors are offered 6,16,923 shares. Qualified institutional buyers (QIB) are offered 18,35,713 shares in Affle IPO and 70,23,027 shares in Spandana Sphoorty IPO.

	Affle IPO	Spandana Sphoorty IPO
Anchor Investor Reserveration	27,72,483 shares
Market Maker Reserveration
QIB	18,35,713 shares	70,23,027 shares
NII	9,25,385 shares	21,06,909 shares
RII	6,16,923 shares	49,16,120 shares
Employee	0 shares
Others
Total	33,78,021 shares	1,40,46,056 shares

Bids Received (Subscription)

Affle IPO subscribed 86.48x in total, whereas Spandana Sphoorty IPO subscribed 1.05x.

	Affle IPO	Spandana Sphoorty IPO
QIB (times)	55.31x	3.11x
NII (times)	198.69x	0.55x
Big NII (times)
Small NII (times)
RII (times)	10.94x	0.09x
Employee (times)
Other (times)
Total (times)	86.48x	1.05x

Compare with others

Affle IPO	Spandana Sphoorty IPO
CSB Bank IPO	Ujjivan Bank IPO
IRCTC IPO	CSB Bank IPO
Vishwaraj IPO	IRCTC IPO
Sterling and Wilson IPO	Vishwaraj IPO
Spandana Sphoorty IPO	Sterling and Wilson IPO
IndiaMart IPO	Affle IPO
Neogen Chemicals IPO	IndiaMart IPO
Rail Vikas IPO	Neogen Chemicals IPO
Polycab IPO	Rail Vikas IPO
Metropolis IPO	Polycab IPO

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