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Aavas Financiers IPO vs MSTC IPO

Comparision between Aavas Financiers IPO and MSTC IPO.

IPO Details

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

  Aavas Financiers IPO MSTC IPO
Logo Aavas Financiers IPO Logo MSTC 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
Equirus Capital Private Limited
Registrar Link Intime India Private Ltd Alankit Assignments Ltd
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 MSTC IPO is up to ₹212.04 Cr. The final issue price of Aavas Financiers IPO is ₹821.00 per share and of MSTC IPO is ₹120.00 per share.

  Aavas Financiers IPO MSTC IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹818.00 per share ₹120.00 per share
Issue Price (Upper) ₹821.00 per share ₹128.00 per share
Issue Price (Final) ₹821.00 per share ₹120.00 per share
Discount (Retail) ₹5.50 per share
Discount (Employee) ₹5.50 per share
Market Lot Size 18 shares 90 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 1,76,70,400 shares
Issue Size Total (Amount) up to ₹1,734.07 Cr up to ₹212.04 Cr

IPO Timetable

Aavas Financiers IPO opens on Sep 25, 2018, while MSTC IPO opens on Mar 13, 2019. The closing date of Aavas Financiers IPO and MSTC IPO is Sep 27, 2018, and Mar 20, 2019, respectively.

  Aavas Financiers IPO MSTC IPO
Anchor Bid Date
Issue Open Sep 25, 2018 Mar 13, 2019
Issue Close Sep 27, 2018 Mar 20, 2019
Basis Of Allotment (Tentative) Oct 03, 2018 Mar 25, 2019
Initiation of Refunds (Tentative) Oct 04, 2018 Mar 26, 2019
Credit of Share (Tentative) Oct 05, 2018 Mar 28, 2019
Listing date (Tentative) Oct 08, 2018 Mar 29, 2019
Anchor Lockin End date 1 Nov 02, 2018 Apr 24, 2019
Anchor Lockin End date 2 Jan 01, 2019 Jun 23, 2019

Financials

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

  Aavas Financiers IPO MSTC 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. Million)
30-Sep-18 31-Mar-18 31-Mar-17 31-Mar-16
Total Assets 42,566.28 47,378.56 45,998.14 41,621.75
Total Revenue 14,915.50 27,931.50 18,762.00 33,078.00
Profit After Tax (158.84) (64.81) 1,391.50 (2,471.00)
Promoter Shareholding (Pre-Issue) 89.85%
Promoter Shareholding (Post-Issue) 64.75%
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 MSTC IPO retail investors are offered 73,92,514 shares. Qualified institutional buyers (QIB) are offered 42,24,293 shares in Aavas Financiers IPO and 1,32,00,000 shares in MSTC IPO.

  Aavas Financiers IPO MSTC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 42,24,293 shares 1,32,00,000 shares
NII 31,68,220 shares 26,40,000 shares
RII 73,92,514 shares 17,60,000 shares
Employee 0 shares 70,400 shares
Others
Total 1,47,85,027 shares 1,76,70,400 shares

Bids Received (Subscription)

Aavas Financiers IPO subscribed 0.97x in total, whereas MSTC IPO subscribed 1.46x.

  Aavas Financiers IPO MSTC IPO
QIB (times) 2.77x 1.13x
NII (times) 0.26x 2.15x
Big NII (times)
Small NII (times)
RII (times) 0.25x 2.95x
Employee (times) 1.54x
Other (times)
Total (times) 0.97x 1.46x

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