Abans Holdings IPO vs Divgi TorqTransfer Systems IPO

Comparision between Abans Holdings IPO and Divgi TorqTransfer Systems IPO.

IPO Details

Abans Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Divgi TorqTransfer Systems IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Abans Holdings IPO	Divgi TorqTransfer Systems 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	Aryaman Financial Services Limited	Inga Ventures Pvt Ltd Equirus Capital Private Limited
Registrar	Bigshare Services Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor		Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Abans Holdings IPO is up to ₹345.60 Cr whereas the issue size of the Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Divgi TorqTransfer Systems IPO is ₹590.00 per share.

	Abans Holdings IPO	Divgi TorqTransfer Systems IPO
Face Value	₹2 per share	₹5 per share
Issue Price (Lower)	₹256.00 per share	₹560.00 per share
Issue Price (Upper)	₹270.00 per share	₹590.00 per share
Issue Price (Final)	₹270.00 per share	₹590.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	25 shares
Fresh Issue Size	38,00,000 shares
Fresh Issue Size (Amount)	up to ₹102.60 Cr	up to ₹180.00 Cr
OFS Issue Size	90,00,000 shares	39,34,243 shares
OFS Issue Size (Amount)	up to ₹243.00 Cr	up to ₹232.12 Cr
Issue Size Total	1,28,00,000 shares
Issue Size Total (Amount)	up to ₹345.60 Cr	up to ₹412.12 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Divgi TorqTransfer Systems IPO opens on Mar 01, 2023. The closing date of Abans Holdings IPO and Divgi TorqTransfer Systems IPO is Dec 15, 2022, and Mar 03, 2023, respectively.

	Abans Holdings IPO	Divgi TorqTransfer Systems IPO
Anchor Bid Date	Dec 09, 2022	Feb 28, 2023
Issue Open	Dec 12, 2022	Mar 01, 2023
Issue Close	Dec 15, 2022	Mar 03, 2023
Basis Of Allotment (Tentative)	Dec 20, 2022	Mar 09, 2023
Initiation of Refunds (Tentative)	Dec 21, 2022	Mar 10, 2023
Credit of Share (Tentative)	Dec 22, 2022	Mar 13, 2023
Listing date (Tentative)	Dec 23, 2022	Mar 14, 2023
Anchor Lockin End date 1	Jan 19, 2023	Apr 08, 2023
Anchor Lockin End date 2	Mar 20, 2023	Jun 07, 2023

Financials

Abans Holdings IPO P/E ratio is 18.96, as compared to Divgi TorqTransfer Systems IPO P/E ratio of 35.16.

Abans Holdings IPO

Divgi TorqTransfer Systems IPO

Financial

Abans Holdings Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	1212.98	2771.88	39.22	499.55	318.79
31-Mar-21	1181.51	1331.37	45.8	561.95	267.39
31-Mar-22	1168.69	646.23	61.97	631.11	85.9
31-Aug-22	1230.72	288.31	29.74	678.17	76.92
Amount in ₹ Crore

Divgi TorqTransfer Systems Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Reserves and Surplus	Total Borrowing
31-Mar-20	303.70	170.74	28.04	209.53	203.51	50.41
31-Mar-21	362.88	195.03	38.04	295.88	288.99	0.26
31-Mar-22	405.37	241.87	46.15	340.02	326.25	0.12
30-Sep-22	430.21	137.55	25.66	356.20	342.44	0.50
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.42%

67.18%

Promoter Shareholding (Post-Issue)

72.09%

P/E Ratio

18.96

35.16

Market Cap

₹1353.94 Cr.

₹1804.39 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Abans Holdings IPO retail investors (RII) are offered 76,80,000 shares while in Divgi TorqTransfer Systems IPO retail investors are offered 76,80,000 shares. Qualified institutional buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 20,95,528 shares in Divgi TorqTransfer Systems IPO.

	Abans Holdings IPO	Divgi TorqTransfer Systems IPO
Anchor Investor Reserveration		31,43,290 shares
Market Maker Reserveration
QIB	12,80,000 shares	20,95,528 shares
NII	38,40,000 shares	10,47,763 shares
RII	76,80,000 shares	6,98,509 shares
Employee	0 shares	0 shares
Others
Total	1,28,00,000 shares	38,41,800 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Divgi TorqTransfer Systems IPO subscribed 5.44x.

	Abans Holdings IPO	Divgi TorqTransfer Systems IPO
QIB (times)	4.10x	7.83x
NII (times)	1.48x	1.40x
Big NII (times)	2.15x	0.89x
Small NII (times)	0.13x	2.41x
RII (times)	0.40x	4.31x
Employee (times)
Other (times)
Total (times)	1.10x	5.44x

Compare with others

Abans Holdings IPO	Divgi TorqTransfer Systems IPO
Global Surfaces IPO	Nexus Select Trust REIT
Divgi TorqTransfer Systems IPO	Mankind Pharma IPO
Signatureglobal India IPO	Avalon Technologies IPO
Radiant Cash Management IPO	Udayshivakumar Infra IPO
KFin Technologies IPO	Global Surfaces IPO
Sah Polymers IPO	Signatureglobal India IPO
Elin Electronics IPO	Radiant Cash Management IPO
Sula Vineyards IPO	KFin Technologies IPO
Dharmaj Crop Guard IPO	Abans Holdings IPO
Landmark Cars IPO	Sah Polymers IPO

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