Aster DM Healthcare IPO vs Bandhan Bank IPO

Comparision between Aster DM Healthcare IPO and Bandhan Bank IPO.

IPO Details

Aster DM Healthcare IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bandhan Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aster DM Healthcare IPO	Bandhan Bank 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	Axis Bank Limited Goldman Sachs (India) Securities Private Limited ICICI Securities Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Yes Securities (India) Limited	Axis Bank Limited Goldman Sachs (India) Securities Private Limited J.P. Morgan India Private Limited Jm Financial Limited 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 Aster DM Healthcare IPO is up to ₹980.14 Cr whereas the issue size of the Bandhan Bank IPO is up to ₹4,473.02 Cr. The final issue price of Aster DM Healthcare IPO is ₹190.00 per share and of Bandhan Bank IPO is ₹375.00 per share.

	Aster DM Healthcare IPO	Bandhan Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹180.00 per share	₹370.00 per share
Issue Price (Upper)	₹190.00 per share	₹375.00 per share
Issue Price (Final)	₹190.00 per share	₹375.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	78 shares	40 shares
Fresh Issue Size		9,76,63,910 shares
Fresh Issue Size (Amount)	up to ₹725.00 Cr
OFS Issue Size	1,34,28,251 shares	2,16,16,584 shares
OFS Issue Size (Amount)
Issue Size Total		11,92,80,494 shares
Issue Size Total (Amount)	up to ₹980.14 Cr	up to ₹4,473.02 Cr

IPO Timetable

Aster DM Healthcare IPO opens on Feb 12, 2018, while Bandhan Bank IPO opens on Mar 15, 2018. The closing date of Aster DM Healthcare IPO and Bandhan Bank IPO is Feb 15, 2018, and Mar 19, 2018, respectively.

	Aster DM Healthcare IPO	Bandhan Bank IPO
Anchor Bid Date
Issue Open	Feb 12, 2018	Mar 15, 2018
Issue Close	Feb 15, 2018	Mar 19, 2018
Basis Of Allotment (Tentative)	Feb 22, 2018	Mar 22, 2018
Initiation of Refunds (Tentative)	Feb 22, 2018	Mar 23, 2018
Credit of Share (Tentative)	Feb 23, 2018	Mar 26, 2018
Listing date (Tentative)	Feb 26, 2018	Mar 27, 2018
Anchor Lockin End date 1	Mar 24, 2018	Apr 21, 2018
Anchor Lockin End date 2	May 23, 2018	Jun 20, 2018

Financials

Aster DM Healthcare IPO P/E ratio is , as compared to Bandhan Bank IPO P/E ratio of .

Aster DM Healthcare IPO

Bandhan Bank IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15 (Proforma)
Total Assets	68,072.77	57,557.82	44,120.27
Total Revenue	59,679.02	52,751.63	38,990.49
Profit After Tax	2,667.47	82.11	2,721.07

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	302,360.90	197,565.00	5,268.88
Total Revenue	43,201.23	17,312.54	79.53
Profit After Tax	11,119.52	2,752.47	5.76

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aster DM Healthcare IPO retail investors (RII) are offered 1,80,55,151 shares while in Bandhan Bank IPO retail investors are offered 1,80,55,151 shares. Qualified institutional buyers (QIB) are offered 1,03,17,229 shares in Aster DM Healthcare IPO and 2,38,56,099 shares in Bandhan Bank IPO.

	Aster DM Healthcare IPO	Bandhan Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,03,17,229 shares	2,38,56,099 shares
NII	77,37,922 shares	1,78,92,075 shares
RII	1,80,55,151 shares	4,17,48,173 shares
Employee
Others
Total	3,61,10,302 shares	8,34,96,347 shares

Bids Received (Subscription)

Aster DM Healthcare IPO subscribed 1.31x in total, whereas Bandhan Bank IPO subscribed 14.56x.

	Aster DM Healthcare IPO	Bandhan Bank IPO
QIB (times)	2.10x	38.68x
NII (times)	0.55x	13.89x
Big NII (times)
Small NII (times)
RII (times)	1.18x	1.06x
Employee (times)
Other (times)
Total (times)	1.31x	14.56x

Compare with others

Aster DM Healthcare IPO	Bandhan Bank IPO
Karda Construction IPO	Mishra Dhatu Nigam IPO
Hindustan Aeronautics IPO	Sandhar Technologies IPO
Bharat Dynamics IPO	Karda Construction IPO
Bandhan Bank IPO	Hindustan Aeronautics IPO
HG Infra IPO	Bharat Dynamics IPO
Galaxy Surfactants IPO	HG Infra IPO
Amber Enterprises IPO	Aster DM Healthcare IPO
Newgen Software IPO	Galaxy Surfactants IPO
Apollo Micro Systems IPO	Amber Enterprises IPO
Shalby Hospital IPO	Newgen Software IPO

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