Aasaan Loans IPO vs Bansal Wire IPO

Comparision between Aasaan Loans IPO and Bansal Wire IPO.

IPO Details

Aasaan Loans IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bansal Wire IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aasaan Loans IPO	Bansal Wire 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	Gretex Corporate Services Limited	SBI Capital Markets Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)
Registrar	Bigshare Services Pvt 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 Aasaan Loans IPO is up to ₹132.00 Cr whereas the issue size of the Bansal Wire IPO is up to ₹745.00 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of Bansal Wire IPO is ₹256.00 per share.

	Aasaan Loans IPO	Bansal Wire IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹114.00 per share	₹243.00 per share
Issue Price (Upper)	₹120.00 per share	₹256.00 per share
Issue Price (Final)	₹120.00 per share	₹256.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	58 shares
Fresh Issue Size	1,10,00,000 shares	2,91,01,562 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr	up to ₹745.00 Cr
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,10,00,000 shares	2,91,01,562 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹745.00 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while Bansal Wire IPO opens on Jul 03, 2024. The closing date of Aasaan Loans IPO and Bansal Wire IPO is Jun 21, 2024, and Jul 05, 2024, respectively.

	Aasaan Loans IPO	Bansal Wire IPO
Anchor Bid Date	Jun 18, 2024	Jul 02, 2024
Issue Open	Jun 19, 2024	Jul 03, 2024
Issue Close	Jun 21, 2024	Jul 05, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jul 08, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jul 09, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jul 09, 2024
Listing date (Tentative)	Jun 26, 2024	Jul 10, 2024
Anchor Lockin End date 1	Jul 24, 2024	Aug 07, 2024
Anchor Lockin End date 2	Sep 22, 2024	Oct 06, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to Bansal Wire IPO P/E ratio of 41.41.

Aasaan Loans IPO

Bansal Wire IPO

Financial

Akme Fintrade India Ltd Financial Information (Restated)

Akme Fintrade India Ltd's revenue increased by 3.06% and profit after tax (PAT) rose by 283.5% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	417.96	390.50	374.01	455.40
Revenue	53.45	69.57	67.50	86.79
Profit After Tax	12.25	15.80	4.12	16.31
Net Worth	217.01	204.78	136.84	130.26
Reserves and Surplus	185.34	173.11	115.03	108.45
Total Borrowing	195.19	177.76	230.06	317.82
Amount in ₹ Crore

Bansal Wire Industries Limited Financial Information (Restated)

Bansal Wire Industries Limited's revenue increased by 1.99% and profit after tax (PAT) rose by 31.48% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	1,264.01	749.05	695.48
Revenue	2,470.89	2,422.57	2,205.07
Profit After Tax	78.80	59.93	57.29
Net Worth	422.37	282.51	223.01
Reserves and Surplus	358.64	273.41	213.91
Total Borrowing	681.14	422.19	413.15
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.01%

73.60%

Promoter Shareholding (Post-Issue)

59.92%

P/E Ratio

41.41

Market Cap

₹4007.83 Cr.

ROE

5.64%%

21.19%%

ROCE

18.46%%

Debt/Equity

2.49

1.48

EPS

₹3.87

₹6.18

RoNW

5.81%%

18.27%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in Bansal Wire IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 58,20,313 shares in Bansal Wire IPO.

	Aasaan Loans IPO	Bansal Wire IPO
Anchor Investor Reserveration	31,35,000 shares	87,30,468 shares
Market Maker Reserveration
QIB	20,90,000 shares	58,20,313 shares
NII	15,67,500 shares	43,65,234 shares
RII	36,57,500 shares	1,01,85,547 shares
Employee	5,50,000 shares	0 shares
Others
Total	78,65,000 shares	2,03,71,094 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas Bansal Wire IPO subscribed 62.76x.

	Aasaan Loans IPO	Bansal Wire IPO
QIB (times)	28.12x	153.86x
NII (times)	129.98x	54.21x
Big NII (times)	121.56x	55.27x
Small NII (times)	146.83x	52.11x
RII (times)	44.58x	14.37x
Employee (times)	5.42x
Other (times)
Total (times)	54.49x	62.76x

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