SBI Cards IPO vs Sterling and Wilson IPO

Comparision between SBI Cards IPO and Sterling and Wilson IPO.

IPO Details

SBI Cards IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Sterling and Wilson IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	SBI Cards IPO	Sterling and Wilson 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 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 Capital Limited Credit Suisse Securities (India) Private Limited Deutsche Equities India Private Limited ICICI Securities Limited Iifl Securities Ltd Indusind Bank Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	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 SBI Cards IPO is up to ₹10,354.77 Cr whereas the issue size of the Sterling and Wilson IPO is up to ₹3,145.16 Cr. The final issue price of SBI Cards IPO is ₹755.00 per share and of Sterling and Wilson IPO is ₹780.00 per share.

	SBI Cards IPO	Sterling and Wilson IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹750.00 per share	₹775.00 per share
Issue Price (Upper)	₹755.00 per share	₹780.00 per share
Issue Price (Final)	₹755.00 per share	₹780.00 per share
Discount (Retail)
Discount (Employee)	₹75.00 per share
Market Lot Size	19 shares	19 shares
Fresh Issue Size	66,22,517 shares
Fresh Issue Size (Amount)	up to ₹500.00 Cr
OFS Issue Size	13,05,26,798 shares
OFS Issue Size (Amount)	up to ₹9,854.77 Cr	up to ₹3,125.00 Cr
Issue Size Total	13,71,93,464 shares	4,03,22,580 shares
Issue Size Total (Amount)	up to ₹10,354.77 Cr	up to ₹3,145.16 Cr

IPO Timetable

SBI Cards IPO opens on Mar 02, 2020, while Sterling and Wilson IPO opens on Aug 06, 2019. The closing date of SBI Cards IPO and Sterling and Wilson IPO is Mar 05, 2020, and Aug 08, 2019, respectively.

	SBI Cards IPO	Sterling and Wilson IPO
Anchor Bid Date
Issue Open	Mar 02, 2020	Aug 06, 2019
Issue Close	Mar 05, 2020	Aug 08, 2019
Basis Of Allotment (Tentative)	Mar 11, 2020	Aug 14, 2019
Initiation of Refunds (Tentative)	Mar 12, 2020	Aug 16, 2019
Credit of Share (Tentative)	Mar 13, 2020	Aug 19, 2019
Listing date (Tentative)	Mar 16, 2020	Aug 20, 2019
Anchor Lockin End date 1	Apr 10, 2020	Sep 13, 2019
Anchor Lockin End date 2	Jun 09, 2020	Nov 12, 2019

Financials

SBI Cards IPO P/E ratio is 45.8, as compared to Sterling and Wilson IPO P/E ratio of .

SBI Cards IPO

Sterling and Wilson IPO

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 (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Dec-17
Total Assets	53,919.19	49,203.81	35,701.70
Total Revenue	82,404.08	68,717.08	32,324.81
Profit After Tax	6,382.33	4,505.35	1,733.62

Promoter Shareholding (Pre-Issue)

74%

100%

Promoter Shareholding (Post-Issue)

69.51%

75%

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 Sterling and Wilson IPO 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 3,02,41,935 shares in Sterling and Wilson IPO.

	SBI Cards IPO	Sterling and Wilson IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,42,24,003 shares	3,02,41,935 shares
NII	1,83,41,418 shares	60,48,387 shares
RII	4,27,96,641 shares	40,32,258 shares
Employee	18,64,669 shares
Others
Total	10,02,79,411 shares	4,03,22,580 shares

Bids Received (Subscription)

SBI Cards IPO subscribed 26.54x in total, whereas Sterling and Wilson IPO subscribed 0.85x.

	SBI Cards IPO	Sterling and Wilson IPO
QIB (times)	57.18x	1.02x
NII (times)	45.23x	0.89x
Big NII (times)
Small NII (times)
RII (times)	2.50x	0.30x
Employee (times)	4.74x
Other (times)	25.36x
Total (times)	26.54x	0.85x

Compare with others

SBI Cards IPO	Sterling and Wilson IPO
Mindspace REIT	SBI Cards IPO
Yes Bank FPO	Ujjivan Bank IPO
Rossari Biotech IPO	CSB Bank IPO
Equitas Small Finance Bank IPO	IRCTC IPO
Prince Pipes IPO	Vishwaraj IPO
Ujjivan Bank IPO	Spandana Sphoorty IPO
CSB Bank IPO	Affle IPO
IRCTC IPO	IndiaMart IPO
Vishwaraj IPO	Neogen Chemicals IPO
Sterling and Wilson IPO	Rail Vikas IPO

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