ITI FPO vs Ujjivan Bank IPO

Comparision between ITI FPO and Ujjivan Bank IPO.

IPO Details

ITI FPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Ujjivan Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ITI FPO	Ujjivan Bank IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	FPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Bob Capital Markets Limited Karvy Investor Services Limited Pnb Investment Services Ltd	Iifl Securities Ltd Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of ITI FPO is up to ₹1,399.86 Cr whereas the issue size of the Ujjivan Bank IPO is up to ₹750.00 Cr. The final issue price of ITI FPO is and of Ujjivan Bank IPO is ₹37.00 per share.

	ITI FPO	Ujjivan Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹71.00 per share	₹36.00 per share
Issue Price (Upper)	₹77.00 per share	₹37.00 per share
Issue Price (Final)		₹37.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	150 shares	400 shares
Fresh Issue Size	18,00,00,000 shares
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	18,18,00,000 shares	20,83,33,333 shares
Issue Size Total (Amount)	up to ₹1,399.86 Cr	up to ₹750.00 Cr

IPO Timetable

ITI FPO opens on Jan 24, 2020, while Ujjivan Bank IPO opens on Dec 02, 2019. The closing date of ITI FPO and Ujjivan Bank IPO is Feb 05, 2020, and Dec 04, 2019, respectively.

	ITI FPO	Ujjivan Bank IPO
Anchor Bid Date
Issue Open	Jan 24, 2020	Dec 02, 2019
Issue Close	Feb 05, 2020	Dec 04, 2019
Basis Of Allotment (Tentative)	Jan 31, 2020	Dec 09, 2019
Initiation of Refunds (Tentative)	Feb 03, 2020	Dec 10, 2019
Credit of Share (Tentative)	Feb 04, 2020	Dec 11, 2019
Listing date (Tentative)	Feb 05, 2020	Dec 12, 2019
Anchor Lockin End date 1	Mar 01, 2020	Jan 08, 2020
Anchor Lockin End date 2	Apr 30, 2020	Mar 08, 2020

Financials

ITI FPO P/E ratio is , as compared to Ujjivan Bank IPO P/E ratio of .

ITI FPO

Ujjivan Bank IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	47,057.38	32,048.94	35,230.86	30,248.47
Total Revenue	18,116.17	20,887.16	17,903.11	6,640.29
Profit After Tax	2,305.64	2,663.91	2,372.18	(2,979.95)

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Sept-19	31-Mar-19	31-Mar-18
Total Assets	1,61,078.96	137,422.15	94,728.73
Total Revenue	14,348.57	20,375.75	15,793.55
Profit After Tax	1,871.10	1,992.18	68.63

Promoter Shareholding (Pre-Issue)

89.97%

94.40%

Promoter Shareholding (Post-Issue)

74.83%

83.32%

P/E Ratio

Market Cap

₹8307.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ITI FPO retail investors (RII) are offered 1,80,00,000 shares while in Ujjivan Bank IPO retail investors are offered 1,80,00,000 shares. Qualified institutional buyers (QIB) are offered 13,50,00,000 shares in ITI FPO and 5,62,50,000 shares in Ujjivan Bank IPO.

	ITI FPO	Ujjivan Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,50,00,000 shares	5,62,50,000 shares
NII	2,70,00,000 shares	2,81,25,000 shares
RII	1,80,00,000 shares	1,87,50,000 shares
Employee	18,00,000 shares	0 shares
Others
Total	18,18,00,000 shares	12,39,58,333 shares

Bids Received (Subscription)

ITI FPO subscribed 0.62x in total, whereas Ujjivan Bank IPO subscribed 165.66x.

	ITI FPO	Ujjivan Bank IPO
QIB (times)	0.63x	110.72x
NII (times)	0.23x	473.00x
Big NII (times)
Small NII (times)
RII (times)	1.06x	48.97x
Employee (times)	0.98x
Other (times)		4.13x
Total (times)	0.62x	165.66x

Compare with others

ITI FPO	Ujjivan Bank IPO
UTI AMC IPO	Yes Bank FPO
Mindspace REIT	Rossari Biotech IPO
Yes Bank FPO	Equitas Small Finance Bank IPO
Rossari Biotech IPO	Prince Pipes IPO
Equitas Small Finance Bank IPO	SBI Cards IPO
Prince Pipes IPO	CSB Bank IPO
SBI Cards IPO	IRCTC IPO
Ujjivan Bank IPO	Vishwaraj IPO
CSB Bank IPO	Sterling and Wilson IPO
IRCTC IPO	Spandana Sphoorty IPO

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