TVS Supply Chain Solutions IPO vs Utkarsh Small Finance Bank IPO

Comparision between TVS Supply Chain Solutions IPO and Utkarsh Small Finance Bank IPO.

IPO Details

TVS Supply Chain Solutions IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Utkarsh Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	TVS Supply Chain Solutions IPO	Utkarsh 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	Jm Financial Limited Axis Capital Limited J.P. Morgan India Private Limited Bnp Paribas Equirus Capital Private Limited Nuvama Wealth Management Limited	ICICI Securities Limited Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of TVS Supply Chain Solutions IPO is up to ₹880.00 Cr whereas the issue size of the Utkarsh Small Finance Bank IPO is up to ₹500.00 Cr. The final issue price of TVS Supply Chain Solutions IPO is ₹197.00 per share and of Utkarsh Small Finance Bank IPO is ₹25.00 per share.

	TVS Supply Chain Solutions IPO	Utkarsh Small Finance Bank IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹187.00 per share	₹23.00 per share
Issue Price (Upper)	₹197.00 per share	₹25.00 per share
Issue Price (Final)	₹197.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	76 shares	600 shares
Fresh Issue Size	3,04,56,853 shares	20,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹500.00 Cr
OFS Issue Size	1,42,13,198 shares
OFS Issue Size (Amount)	up to ₹280.00 Cr
Issue Size Total	4,46,70,051 shares	20,00,00,000 shares
Issue Size Total (Amount)	up to ₹880.00 Cr	up to ₹500.00 Cr

IPO Timetable

TVS Supply Chain Solutions IPO opens on Aug 10, 2023, while Utkarsh Small Finance Bank IPO opens on Jul 12, 2023. The closing date of TVS Supply Chain Solutions IPO and Utkarsh Small Finance Bank IPO is Aug 14, 2023, and Jul 14, 2023, respectively.

	TVS Supply Chain Solutions IPO	Utkarsh Small Finance Bank IPO
Anchor Bid Date	Aug 09, 2023	Jul 11, 2023
Issue Open	Aug 10, 2023	Jul 12, 2023
Issue Close	Aug 14, 2023	Jul 14, 2023
Basis Of Allotment (Tentative)	Aug 18, 2023	Jul 19, 2023
Initiation of Refunds (Tentative)	Aug 21, 2023	Jul 20, 2023
Credit of Share (Tentative)	Aug 22, 2023	Jul 21, 2023
Listing date (Tentative)	Aug 23, 2023	Jul 21, 2023
Anchor Lockin End date 1	Sep 17, 2023	Aug 18, 2023
Anchor Lockin End date 2	Nov 16, 2023	Oct 17, 2023

Financials

TVS Supply Chain Solutions IPO P/E ratio is 189.42, as compared to Utkarsh Small Finance Bank IPO P/E ratio of 6.78.

TVS Supply Chain Solutions IPO

Utkarsh Small Finance Bank IPO

Financial

TVS Supply Chain Solutions IPO Financial Information (Restated Consolidated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	5,462.92	4,990.06	5,789.73	6,210.92
Revenue	6,792.76	6,999.69	9,299.94	10,311.01
Profit After Tax	-248.00	-76.34	-45.80	41.76
Net Worth	510.80	490.69	714.00	723.55
Reserves and Surplus	493.35	473.94	713.76	774.19
Total Borrowing	2,160.12	1,547.92	1,763.78	1,989.62

Amount in ₹ Crore

Utkarsh Small Finance Bank IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,404.32	12,137.91	15,063.77	19,117.54
Revenue	1,406.18	1,705.84	2,033.65	2,804.29
Profit After Tax	186.74	111.82	61.46	404.50
Net Worth	1,019.50	1,368.35	1,572.30	2,000.32
Reserves and Surplus	260.23	520.02	676.78	1,104.42
Total Borrowing	2,675.04	2,607.83	2,571.94	2,349.48

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

46.65%

84.75%

Promoter Shareholding (Post-Issue)

41.6%

69.28%

P/E Ratio

189.42

6.78

Market Cap

₹8746.00 Cr.

₹2739.76 Cr.

ROE

5.50%%

22.64%%

ROCE

7.64%%

Debt/Equity

8.03

EPS

₹1.04

₹4.52

RoNW

5.50%%

20.22%%

Shares Offered

In the TVS Supply Chain Solutions IPO retail investors (RII) are offered 44,67,005 shares while in Utkarsh Small Finance Bank IPO retail investors are offered 44,67,005 shares. Qualified institutional buyers (QIB) are offered 1,34,01,016 shares in TVS Supply Chain Solutions IPO and 5,94,00,000 shares in Utkarsh Small Finance Bank IPO.

	TVS Supply Chain Solutions IPO	Utkarsh Small Finance Bank IPO
Anchor Investor Reserveration	2,01,01,522 shares	8,91,00,000 shares
Market Maker Reserveration
QIB	1,34,01,016 shares	5,94,00,000 shares
NII	67,00,507 shares	2,97,00,000 shares
RII	44,67,005 shares	1,98,00,000 shares
Employee	0 shares	20,00,000 shares
Others
Total	2,45,68,529 shares	11,09,00,000 shares

Bids Received (Subscription)

TVS Supply Chain Solutions IPO subscribed 2.85x in total, whereas Utkarsh Small Finance Bank IPO subscribed 110.77x.

	TVS Supply Chain Solutions IPO	Utkarsh Small Finance Bank IPO
QIB (times)	1.37x	135.71x
NII (times)	2.44x	88.74x
Big NII (times)	2.39x	91.83x
Small NII (times)	2.55x	82.57x
RII (times)	7.89x	78.38x
Employee (times)		18.02x
Other (times)
Total (times)	2.85x	110.77x

Compare with others

TVS Supply Chain Solutions IPO	Utkarsh Small Finance Bank IPO
Vishnu Prakash R Punglia IPO	TVS Supply Chain Solutions IPO
Aeroflex Industries IPO	Concord Biotech IPO
Pyramid Technoplast IPO	SBFC Finance IPO
India Shelter Finance IPO	Yatharth Hospital IPO
Balaji Speciality Chemicals IPO	Netweb Technologies India IPO
Concord Biotech IPO	Senco Gold IPO
SBFC Finance IPO	Cyient DLM IPO
Yatharth Hospital IPO	ideaForge Technology IPO
Netweb Technologies India IPO	HMA Agro Industries IPO
Utkarsh Small Finance Bank IPO	IKIO Lighting IPO

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