Aasaan Loans IPO vs Sanstar IPO

Comparision between Aasaan Loans IPO and Sanstar IPO.

IPO Details

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

	Aasaan Loans IPO	Sanstar 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	Pantomath Capital Advisors Pvt Ltd
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
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 Sanstar IPO is up to ₹510.15 Cr. The final issue price of Aasaan Loans IPO is ₹120.00 per share and of Sanstar IPO is ₹95.00 per share.

	Aasaan Loans IPO	Sanstar IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹114.00 per share	₹90.00 per share
Issue Price (Upper)	₹120.00 per share	₹95.00 per share
Issue Price (Final)	₹120.00 per share	₹95.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	125 shares	150 shares
Fresh Issue Size	1,10,00,000 shares	4,18,00,000 shares
Fresh Issue Size (Amount)	up to ₹132.00 Cr	up to ₹397.10 Cr
OFS Issue Size		1,19,00,000 shares
OFS Issue Size (Amount)		up to ₹113.05 Cr
Issue Size Total	1,10,00,000 shares	5,37,00,000 shares
Issue Size Total (Amount)	up to ₹132.00 Cr	up to ₹510.15 Cr

IPO Timetable

Aasaan Loans IPO opens on Jun 19, 2024, while Sanstar IPO opens on Jul 19, 2024. The closing date of Aasaan Loans IPO and Sanstar IPO is Jun 21, 2024, and Jul 23, 2024, respectively.

	Aasaan Loans IPO	Sanstar IPO
Anchor Bid Date	Jun 18, 2024	Jul 18, 2024
Issue Open	Jun 19, 2024	Jul 19, 2024
Issue Close	Jun 21, 2024	Jul 23, 2024
Basis Of Allotment (Tentative)	Jun 24, 2024	Jul 24, 2024
Initiation of Refunds (Tentative)	Jun 25, 2024	Jul 25, 2024
Credit of Share (Tentative)	Jun 25, 2024	Jul 25, 2024
Listing date (Tentative)	Jun 26, 2024	Jul 26, 2024
Anchor Lockin End date 1	Jul 24, 2024	Aug 23, 2024
Anchor Lockin End date 2	Sep 22, 2024	Oct 22, 2024

Financials

Aasaan Loans IPO P/E ratio is , as compared to Sanstar IPO P/E ratio of 19.98.

Aasaan Loans IPO

Sanstar 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

Sanstar Limited Financial Information (Restated Consolidated)

Sanstar Limited's revenue decreased by -10.58% and profit after tax (PAT) rose by 59.71% 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	527.57	368.35	207.45
Revenue	1,081.68	1,209.67	504.77
Profit After Tax	66.77	41.81	15.92
Net Worth	215.91	149.28	48.97
Reserves and Surplus	225.18	158.41	55.69
Total Borrowing	127.64	111.70	85.22
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

56.01%

99.77%

Promoter Shareholding (Post-Issue)

70.37%

P/E Ratio

19.98

Market Cap

₹1731.32 Cr.

ROE

5.64%%

30.92%%

ROCE

24.43%%

Debt/Equity

2.49

0.5

EPS

₹3.87

₹4.75

RoNW

5.81%%

30.92%%

Shares Offered

In the Aasaan Loans IPO retail investors (RII) are offered 36,57,500 shares while in Sanstar IPO retail investors are offered 36,57,500 shares. Qualified institutional buyers (QIB) are offered 20,90,000 shares in Aasaan Loans IPO and 1,07,40,000 shares in Sanstar IPO.

	Aasaan Loans IPO	Sanstar IPO
Anchor Investor Reserveration	31,35,000 shares	1,61,10,000 shares
Market Maker Reserveration
QIB	20,90,000 shares	1,07,40,000 shares
NII	15,67,500 shares	80,55,000 shares
RII	36,57,500 shares	1,87,95,000 shares
Employee	5,50,000 shares	0 shares
Others
Total	78,65,000 shares	3,75,90,000 shares

Bids Received (Subscription)

Aasaan Loans IPO subscribed 54.49x in total, whereas Sanstar IPO subscribed 82.99x.

	Aasaan Loans IPO	Sanstar IPO
QIB (times)	28.12x	145.68x
NII (times)	129.98x	136.49x
Big NII (times)	121.56x	149.44x
Small NII (times)	146.83x	110.61x
RII (times)	44.58x	24.23x
Employee (times)	5.42x
Other (times)
Total (times)	54.49x	82.99x

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