Avanse Financial Services IPO vs Niva Bupa Health Insurance IPO

Comparision between Avanse Financial Services IPO and Niva Bupa Health Insurance IPO.

IPO Details

Avanse Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Niva Bupa Health Insurance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Avanse Financial Services IPO	Niva Bupa Health Insurance 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	ICICI Securities Limited Morgan Stanley India Company Pvt Ltd Kotak Mahindra Capital Company Limited Axis Capital Limited Hdfc Bank Limited Motilal Oswal Investment Advisors Limited
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 Niva Bupa Health Insurance IPO is up to ₹2,200.00 Cr. The final issue price of Avanse Financial Services IPO is and of Niva Bupa Health Insurance IPO is ₹74.00 per share.

	Avanse Financial Services IPO	Niva Bupa Health Insurance IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)		₹70.00 per share
Issue Price (Upper)		₹74.00 per share
Issue Price (Final)		₹74.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size		200 shares
Fresh Issue Size		10,81,08,108 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹800.00 Cr
OFS Issue Size		18,91,89,189 shares
OFS Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹1,400.00 Cr
Issue Size Total		29,72,97,297 shares
Issue Size Total (Amount)	up to ₹3,500.00 Cr	up to ₹2,200.00 Cr

IPO Timetable

Avanse Financial Services IPO opens on , while Niva Bupa Health Insurance IPO opens on Nov 07, 2024. The closing date of Avanse Financial Services IPO and Niva Bupa Health Insurance IPO is , and Nov 11, 2024, respectively.

	Avanse Financial Services IPO	Niva Bupa Health Insurance IPO
Anchor Bid Date		Nov 06, 2024
Issue Open		Nov 07, 2024
Issue Close		Nov 11, 2024
Basis Of Allotment (Tentative)		Nov 12, 2024
Initiation of Refunds (Tentative)		Nov 13, 2024
Credit of Share (Tentative)		Nov 13, 2024
Listing date (Tentative)		Nov 14, 2024
Anchor Lockin End date 1		Dec 12, 2024
Anchor Lockin End date 2		Feb 10, 2025

Financials

Avanse Financial Services IPO P/E ratio is , as compared to Niva Bupa Health Insurance IPO P/E ratio of 153.7.

Avanse Financial Services IPO

Niva Bupa Health Insurance 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

Niva Bupa Health Insurance Company Limited Financial Information (Restated)

Niva Bupa Health Insurance Company Limited's revenue increased by 44.05% and profit after tax (PAT) rose by 552.73% 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	6,542.06	6,191.87	3,876.57	2,738.44
Revenue	1,124.90	4,118.63	2,859.24	1,884.54
Profit After Tax	-18.82	81.85	12.54	-196.53
Net Worth	2,031.77	2,049.59	831.12	507.65
Reserves and Surplus	1,282.44	1,282.02	334.26	125.40
Total Borrowing	250.00	250.00	250.00	250.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

58.38%

88.98%

Promoter Shareholding (Post-Issue)

73.37%

P/E Ratio

153.7

Market Cap

₹13380.91 Cr.

ROE

ROCE

Debt/Equity

0.12

EPS

₹0.48

RoNW

-0.92%

Shares Offered

In the Avanse Financial Services IPO retail investors (RII) are offered while in Niva Bupa Health Insurance IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Avanse Financial Services IPO and 8,91,89,190 shares in Niva Bupa Health Insurance IPO.

	Avanse Financial Services IPO	Niva Bupa Health Insurance IPO
Anchor Investor Reserveration		13,37,83,783 shares
Market Maker Reserveration
QIB		8,91,89,190 shares
NII		4,45,94,595 shares
RII		2,97,29,730 shares
Employee		0 shares
Others
Total		16,35,13,515 shares

Bids Received (Subscription)

Avanse Financial Services IPO subscribed in total, whereas Niva Bupa Health Insurance IPO subscribed 1.90x.

	Avanse Financial Services IPO	Niva Bupa Health Insurance IPO
QIB (times)		2.17x
NII (times)		0.71x
Big NII (times)		0.70x
Small NII (times)		0.74x
RII (times)		2.88x
Employee (times)
Other (times)
Total (times)		1.90x

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