Abans Holdings IPO vs KFin Technologies IPO

Comparision between Abans Holdings IPO and KFin Technologies IPO.

IPO Details

Abans Holdings IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while KFin Technologies IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Abans Holdings IPO	KFin Technologies 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	ICICI Securities Limited Kotak Mahindra Capital Company Limited J.P. Morgan India Private Limited Iifl Securities Ltd Jefferies India Private Limited
Registrar	Bigshare Services Pvt Ltd	Bigshare Services Pvt 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 KFin Technologies IPO is up to ₹1,500.00 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of KFin Technologies IPO is ₹366.00 per share.

	Abans Holdings IPO	KFin Technologies IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹256.00 per share	₹347.00 per share
Issue Price (Upper)	₹270.00 per share	₹366.00 per share
Issue Price (Final)	₹270.00 per share	₹366.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	40 shares
Fresh Issue Size	38,00,000 shares
Fresh Issue Size (Amount)	up to ₹102.60 Cr
OFS Issue Size	90,00,000 shares	4,09,83,607 shares
OFS Issue Size (Amount)	up to ₹243.00 Cr	up to ₹1,500.00 Cr
Issue Size Total	1,28,00,000 shares	4,09,83,607 shares
Issue Size Total (Amount)	up to ₹345.60 Cr	up to ₹1,500.00 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while KFin Technologies IPO opens on Dec 19, 2022. The closing date of Abans Holdings IPO and KFin Technologies IPO is Dec 15, 2022, and Dec 21, 2022, respectively.

	Abans Holdings IPO	KFin Technologies IPO
Anchor Bid Date	Dec 09, 2022	Dec 16, 2022
Issue Open	Dec 12, 2022	Dec 19, 2022
Issue Close	Dec 15, 2022	Dec 21, 2022
Basis Of Allotment (Tentative)	Dec 20, 2022	Dec 26, 2022
Initiation of Refunds (Tentative)	Dec 21, 2022	Dec 27, 2022
Credit of Share (Tentative)	Dec 22, 2022	Dec 28, 2022
Listing date (Tentative)	Dec 23, 2022	Dec 29, 2022
Anchor Lockin End date 1	Jan 19, 2023	Jan 25, 2023
Anchor Lockin End date 2	Mar 20, 2023	Mar 26, 2023

Financials

Abans Holdings IPO P/E ratio is 18.96, as compared to KFin Technologies IPO P/E ratio of 35.92.

Abans Holdings IPO

KFin Technologies 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

KFin Technologies Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-19	1021.78	164.76	8.96	519.28	406.01
31-Mar-20	868.38	455.26	4.52	409.58	375.44
31-Mar-21	922.61	486.2	-64.51	346.4	346.13
30-Sep-21	973.26	293.43	67.8	269.95	321.44
31-Mar-22	1026.41	645.56	148.55	644.34	122.51
30-Sep-22	1114.81	353.76	85.34	736.72	126.24
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.42%

74.37%

Promoter Shareholding (Post-Issue)

72.09%

49.91%

P/E Ratio

18.96

35.92

Market Cap

₹1353.94 Cr.

₹6133.02 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 KFin Technologies IPO retail investors are offered 76,80,000 shares. Qualified institutional buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 1,29,68,300 shares in KFin Technologies IPO.

	Abans Holdings IPO	KFin Technologies IPO
Anchor Investor Reserveration		1,84,42,623 shares
Market Maker Reserveration
QIB	12,80,000 shares	1,29,68,300 shares
NII	38,40,000 shares	64,84,149 shares
RII	76,80,000 shares	43,22,766 shares
Employee	0 shares	0 shares
Others
Total	1,28,00,000 shares	2,37,75,215 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas KFin Technologies IPO subscribed 2.59x.

	Abans Holdings IPO	KFin Technologies IPO
QIB (times)	4.10x	4.17x
NII (times)	1.48x	0.23x
Big NII (times)	2.15x	0.25x
Small NII (times)	0.13x	0.20x
RII (times)	0.40x	1.36x
Employee (times)
Other (times)
Total (times)	1.10x	2.59x

Compare with others

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

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