Avanse Financial Services IPO vs BlackBuck IPO

Comparision between Avanse Financial Services IPO and BlackBuck IPO.

IPO Details

Avanse Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while BlackBuck IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Avanse Financial Services IPO	BlackBuck 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	Kotak Mahindra Capital Company Limited Avendus Capital Pvt Ltd J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited	Axis Capital Limited Morgan Stanley India Company Pvt Ltd Jm Financial Limited Iifl Securities Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		IPO Allotment URL

Issue Size and Price

The total issue size of Avanse Financial Services IPO is up to ₹3,500.00 Cr whereas the issue size of the BlackBuck IPO is up to ₹1,114.72 Cr. The final issue price of Avanse Financial Services IPO is and of BlackBuck IPO is ₹273.00 per share.

	Avanse Financial Services IPO	BlackBuck IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)		₹259.00 per share
Issue Price (Upper)		₹273.00 per share
Issue Price (Final)		₹273.00 per share
Discount (Retail)
Discount (Employee)		₹25.00 per share
Market Lot Size		54 shares
Fresh Issue Size		2,01,46,520 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹550.00 Cr
OFS Issue Size		2,06,85,800 shares
OFS Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹564.72 Cr
Issue Size Total		4,08,32,320 shares
Issue Size Total (Amount)	up to ₹3,500.00 Cr	up to ₹1,114.72 Cr

IPO Timetable

Avanse Financial Services IPO opens on , while BlackBuck IPO opens on Nov 13, 2024. The closing date of Avanse Financial Services IPO and BlackBuck IPO is , and Nov 18, 2024, respectively.

	Avanse Financial Services IPO	BlackBuck IPO
Anchor Bid Date		Nov 12, 2024
Issue Open		Nov 13, 2024
Issue Close		Nov 18, 2024
Basis Of Allotment (Tentative)		Nov 19, 2024
Initiation of Refunds (Tentative)		Nov 20, 2024
Credit of Share (Tentative)		Nov 20, 2024
Listing date (Tentative)		Nov 22, 2024
Anchor Lockin End date 1		Dec 19, 2024
Anchor Lockin End date 2		Feb 17, 2025

Financials

Avanse Financial Services IPO P/E ratio is , as compared to BlackBuck IPO P/E ratio of -22.

Avanse Financial Services IPO

BlackBuck IPO

Financial

Avanse Financial Services Limited Financial Information (Restated Consolidated)

Avanse Financial Services Limited's revenue increased by 75% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023
Assets	14,343.84	9,729.95
Revenue	1,728.81	990.23
Profit After Tax	342.4	157.71
Net Worth	3,676.72	2,149.72
Reserves and Surplus	3,560.38	2,040.73
Total Borrowing	10,135.25	7,210.13
Amount in ₹ Crore

Zinka Logistics Solution Limited Financial Information (Restated Consolidated)

Zinka Logistics Solution Limited's revenue increased by 62.24% and profit after tax (PAT) rose by 33.24% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	629.41	654.32	654.25	899.68
Revenue	98.33	316.51	195.09	156.13
Profit After Tax	32.38	-193.95	-290.50	-284.56
Net Worth	344.98	311.29	352.66	585.08
Reserves and Surplus	339.07	311.03	66.55	377.58
Total Borrowing	161.01	173.74	165.84	199.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

58.38%

32.91%

Promoter Shareholding (Post-Issue)

27.84%

P/E Ratio

-22

Market Cap

₹4817.81 Cr.

ROE

9.39%%

ROCE

1.50%%

Debt/Equity

0.47

EPS

₹-12.41

RoNW

9.39%%

Shares Offered

In the Avanse Financial Services IPO retail investors (RII) are offered while in BlackBuck IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Avanse Financial Services IPO and 1,22,42,611 shares in BlackBuck IPO.

	Avanse Financial Services IPO	BlackBuck IPO
Anchor Investor Reserveration		1,83,63,915 shares
Market Maker Reserveration
QIB		1,22,42,611 shares
NII		61,21,305 shares
RII		40,80,870 shares
Employee		26,000 shares
Others
Total		2,24,70,786 shares

Bids Received (Subscription)

Avanse Financial Services IPO subscribed in total, whereas BlackBuck IPO subscribed 1.87x.

	Avanse Financial Services IPO	BlackBuck IPO
QIB (times)		2.72x
NII (times)		0.24x
Big NII (times)		0.18x
Small NII (times)		0.37x
RII (times)		1.70x
Employee (times)		9.86x
Other (times)
Total (times)		1.87x

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