Aavas Financiers IPO vs CreditAccess Grameen IPO

Comparision between Aavas Financiers IPO and CreditAccess Grameen IPO.

IPO Details

Aavas Financiers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while CreditAccess Grameen IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aavas Financiers IPO	CreditAccess Grameen 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	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Hdfc Bank Limited ICICI Securities Limited Spark Capital Advisors (India) Private Limited	Credit Suisse Securities (India) Private Limited ICICI Securities Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Aavas Financiers IPO is up to ₹1,734.07 Cr whereas the issue size of the CreditAccess Grameen IPO is up to ₹1,131.19 Cr. The final issue price of Aavas Financiers IPO is ₹821.00 per share and of CreditAccess Grameen IPO is ₹422.00 per share.

	Aavas Financiers IPO	CreditAccess Grameen IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹818.00 per share	₹418.00 per share
Issue Price (Upper)	₹821.00 per share	₹422.00 per share
Issue Price (Final)	₹821.00 per share	₹422.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	18 shares	35 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr
OFS Issue Size	1,62,49,359 shares
OFS Issue Size (Amount)
Issue Size Total	2,11,21,437 shares	2,68,05,394 shares
Issue Size Total (Amount)	up to ₹1,734.07 Cr	up to ₹1,131.19 Cr

IPO Timetable

Aavas Financiers IPO opens on Sep 25, 2018, while CreditAccess Grameen IPO opens on Aug 08, 2018. The closing date of Aavas Financiers IPO and CreditAccess Grameen IPO is Sep 27, 2018, and Aug 10, 2018, respectively.

	Aavas Financiers IPO	CreditAccess Grameen IPO
Anchor Bid Date
Issue Open	Sep 25, 2018	Aug 08, 2018
Issue Close	Sep 27, 2018	Aug 10, 2018
Basis Of Allotment (Tentative)	Oct 03, 2018	Aug 16, 2018
Initiation of Refunds (Tentative)	Oct 04, 2018	Aug 20, 2018
Credit of Share (Tentative)	Oct 05, 2018	Aug 21, 2018
Listing date (Tentative)	Oct 08, 2018	Aug 23, 2018
Anchor Lockin End date 1	Nov 02, 2018	Sep 15, 2018
Anchor Lockin End date 2	Jan 01, 2019	Nov 14, 2018

Financials

Aavas Financiers IPO P/E ratio is , as compared to CreditAccess Grameen IPO P/E ratio of .

Aavas Financiers IPO

CreditAccess Grameen IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	38,174.52	24,506.06	17,107.79	8,523.83	4,179.23
Total Revenue	4,572.45	3,054.92	1,908.99	1,037.55	543.22
Profit After Tax	929.33	571.37	327.80	190.81	63.37

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18
Total Assets	38,174.01
Total Revenue	4,572.71
Profit After Tax	928.75

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	52,183.48	35,640.72	28,079.76	17,268.09	10,580.80
Total Revenue	8,752.05	7,092.61	4,667.19	2,814.28	1,478.29
Profit After Tax	1,246.41	802.98	832.41	487.32	166.26

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aavas Financiers IPO retail investors (RII) are offered 73,92,514 shares while in CreditAccess Grameen IPO retail investors are offered 73,92,514 shares. Qualified institutional buyers (QIB) are offered 42,24,293 shares in Aavas Financiers IPO and 53,55,555 shares in CreditAccess Grameen IPO.

	Aavas Financiers IPO	CreditAccess Grameen IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	42,24,293 shares	53,55,555 shares
NII	31,68,220 shares	40,42,239 shares
RII	73,92,514 shares	94,31,890 shares
Employee	0 shares	0 shares
Others
Total	1,47,85,027 shares	1,88,29,684 shares

Bids Received (Subscription)

Aavas Financiers IPO subscribed 0.97x in total, whereas CreditAccess Grameen IPO subscribed 2.22x.

	Aavas Financiers IPO	CreditAccess Grameen IPO
QIB (times)	2.77x	5.52x
NII (times)	0.26x	0.98x
Big NII (times)
Small NII (times)
RII (times)	0.25x	0.87x
Employee (times)
Other (times)
Total (times)	0.97x	2.22x

Compare with others

Aavas Financiers IPO	CreditAccess Grameen IPO
Polycab IPO	Aavas Financiers IPO
Metropolis IPO	IRCON International IPO
Embassy Office Parks	Garden Reach Shipbuilders IPO
MSTC IPO	Chalet Hotels Limited IPO
Xelpmoc Design and Tech IPO	TCNS Clothing IPO
IRCON International IPO	HDFC AMC IPO
Garden Reach Shipbuilders IPO	Varroc Engineering IPO
Chalet Hotels Limited IPO	Fine Organic IPO
TCNS Clothing IPO	RITES Limited IPO
CreditAccess Grameen IPO	IndoStar Capital Finance IPO

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