Abans Holdings IPO vs Sula Vineyards IPO

Comparision between Abans Holdings IPO and Sula Vineyards IPO.

IPO Details

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

	Abans Holdings IPO	Sula Vineyards 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	Kotak Mahindra Capital Company Limited Clsa India Private Limited Iifl Securities Ltd
Registrar	Bigshare Services Pvt Ltd	Kfin Technologies Limited
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 Sula Vineyards IPO is up to ₹960.35 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Sula Vineyards IPO is ₹357.00 per share.

	Abans Holdings IPO	Sula Vineyards IPO
Face Value	₹2 per share	₹2 per share
Issue Price (Lower)	₹256.00 per share	₹340.00 per share
Issue Price (Upper)	₹270.00 per share	₹357.00 per share
Issue Price (Final)	₹270.00 per share	₹357.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	42 shares
Fresh Issue Size	38,00,000 shares
Fresh Issue Size (Amount)	up to ₹102.60 Cr
OFS Issue Size	90,00,000 shares	2,69,00,530 shares
OFS Issue Size (Amount)	up to ₹243.00 Cr	up to ₹960.35 Cr
Issue Size Total	1,28,00,000 shares	2,69,00,530 shares
Issue Size Total (Amount)	up to ₹345.60 Cr	up to ₹960.35 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Sula Vineyards IPO opens on Dec 12, 2022. The closing date of Abans Holdings IPO and Sula Vineyards IPO is Dec 15, 2022, and Dec 14, 2022, respectively.

	Abans Holdings IPO	Sula Vineyards IPO
Anchor Bid Date	Dec 09, 2022	Dec 09, 2022
Issue Open	Dec 12, 2022	Dec 12, 2022
Issue Close	Dec 15, 2022	Dec 14, 2022
Basis Of Allotment (Tentative)	Dec 20, 2022	Dec 19, 2022
Initiation of Refunds (Tentative)	Dec 21, 2022	Dec 20, 2022
Credit of Share (Tentative)	Dec 22, 2022	Dec 21, 2022
Listing date (Tentative)	Dec 23, 2022	Dec 22, 2022
Anchor Lockin End date 1	Jan 19, 2023	Jan 18, 2023
Anchor Lockin End date 2	Mar 20, 2023	Mar 19, 2023

Financials

Abans Holdings IPO P/E ratio is 18.96, as compared to Sula Vineyards IPO P/E ratio of 49.24.

Abans Holdings IPO

Sula Vineyards 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

Sula Vineyards Limited Financial Information (Restated)
Period Ended	Total Assets	Total Revenue	Profit After Tax	Net Worth	Total Borrowing
31-Mar-20	831.04	523.21	-15.94	299.95	368.24
31-Mar-21	751.6	421.53	3.01	304.74	301.26
30-Sep-21	717.55	160.46	4.53	344.32	262.45
31-Mar-22	758.56	456.7	52.14	395.26	228.93
30-Sep-22	770.95	225.76	30.51	449.18	214.64
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

97.42%

28.44%

Promoter Shareholding (Post-Issue)

72.09%

27.33%

P/E Ratio

18.96

49.24

Market Cap

₹1353.94 Cr.

₹3005.90 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 Sula Vineyards IPO retail investors are offered 76,80,000 shares. Qualified institutional buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 53,80,106 shares in Sula Vineyards IPO.

	Abans Holdings IPO	Sula Vineyards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	12,80,000 shares	53,80,106 shares
NII	38,40,000 shares	40,35,080 shares
RII	76,80,000 shares	94,15,186 shares
Employee	0 shares	0 shares
Others
Total	1,28,00,000 shares	1,88,30,372 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Sula Vineyards IPO subscribed 2.33x.

	Abans Holdings IPO	Sula Vineyards IPO
QIB (times)	4.10x	4.13x
NII (times)	1.48x	1.51x
Big NII (times)	2.15x	1.69x
Small NII (times)	0.13x	1.15x
RII (times)	0.40x	1.65x
Employee (times)
Other (times)
Total (times)	1.10x	2.33x

Compare with others

Abans Holdings IPO	Sula Vineyards IPO
Global Surfaces IPO	Radiant Cash Management IPO
Divgi TorqTransfer Systems IPO	KFin Technologies IPO
Signatureglobal India IPO	Abans Holdings IPO
Radiant Cash Management IPO	Sah Polymers IPO
KFin Technologies IPO	Elin Electronics IPO
Sah Polymers IPO	Dharmaj Crop Guard IPO
Elin Electronics IPO	Landmark Cars IPO
Sula Vineyards IPO	Keystone Realtors IPO
Dharmaj Crop Guard IPO	Inox Green Energy IPO
Landmark Cars IPO	Archean Chemical IPO

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