CreditAccess Grameen IPO vs Fine Organic IPO

Comparision between CreditAccess Grameen IPO and Fine Organic IPO.

IPO Details

CreditAccess Grameen IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Fine Organic IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CreditAccess Grameen IPO	Fine Organic 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	Credit Suisse Securities (India) Private Limited ICICI Securities Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited	Edelweiss Financial Services Ltd Jm Financial Limited
Registrar	Kfin Technologies Limited	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 CreditAccess Grameen IPO is up to ₹1,131.19 Cr whereas the issue size of the Fine Organic IPO is up to ₹600.20 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of Fine Organic IPO is ₹783.00 per share.

	CreditAccess Grameen IPO	Fine Organic IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹418.00 per share	₹780.00 per share
Issue Price (Upper)	₹422.00 per share	₹783.00 per share
Issue Price (Final)	₹422.00 per share	₹783.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	19 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,68,05,394 shares	76,64,994 shares
Issue Size Total (Amount)	up to ₹1,131.19 Cr	up to ₹600.20 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while Fine Organic IPO opens on Jun 20, 2018. The closing date of CreditAccess Grameen IPO and Fine Organic IPO is Aug 10, 2018, and Jun 22, 2018, respectively.

	CreditAccess Grameen IPO	Fine Organic IPO
Anchor Bid Date
Issue Open	Aug 08, 2018	Jun 20, 2018
Issue Close	Aug 10, 2018	Jun 22, 2018
Basis Of Allotment (Tentative)	Aug 16, 2018	Jun 27, 2018
Initiation of Refunds (Tentative)	Aug 20, 2018	Jun 28, 2018
Credit of Share (Tentative)	Aug 21, 2018	Jun 28, 2018
Listing date (Tentative)	Aug 23, 2018	Jul 02, 2018
Anchor Lockin End date 1	Sep 15, 2018	Jul 27, 2018
Anchor Lockin End date 2	Nov 14, 2018	Sep 25, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to Fine Organic IPO P/E ratio of .

CreditAccess Grameen IPO

Fine Organic IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	52,183.48	35,640.72	28,079.76	17,268.09	10,580.80
Total Revenue	8,752.05	7,092.61	4,667.19	2,814.28	1,478.29
Profit After Tax	1,246.41	802.98	832.41	487.32	166.26

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	4,835.99	4,576.40	4,228.49	3,776.57	3,411.16	2,553.78
Total Revenue	5,928.23	7,892.24	6,661.22	6,180.49	5,746.49	4,975.10
Profit After Tax	625.89	794.76	769.64	590.91	626.12	208.97

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CreditAccess Grameen IPO retail investors (RII) are offered 94,31,890 shares while in Fine Organic IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 15,32,999 shares in Fine Organic IPO.

	CreditAccess Grameen IPO	Fine Organic IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	53,55,555 shares	15,32,999 shares
NII	40,42,239 shares	11,49,750 shares
RII	94,31,890 shares	26,82,748 shares
Employee	0 shares
Others
Total	1,88,29,684 shares	53,65,497 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas Fine Organic IPO subscribed 8.77x.

	CreditAccess Grameen IPO	Fine Organic IPO
QIB (times)	5.52x	12.85x
NII (times)	0.98x	21.00x
Big NII (times)
Small NII (times)
RII (times)	0.87x	1.19x
Employee (times)
Other (times)
Total (times)	2.22x	8.77x

Compare with others

CreditAccess Grameen IPO	Fine Organic IPO
Aavas Financiers IPO	Chalet Hotels Limited IPO
IRCON International IPO	TCNS Clothing IPO
Garden Reach Shipbuilders IPO	CreditAccess Grameen IPO
Chalet Hotels Limited IPO	HDFC AMC IPO
TCNS Clothing IPO	Varroc Engineering IPO
HDFC AMC IPO	RITES Limited IPO
Varroc Engineering IPO	IndoStar Capital Finance IPO
Fine Organic IPO	Lemon Tree Hotels IPO
RITES Limited IPO	ICICI Securities IPO
IndoStar Capital Finance IPO	Mishra Dhatu Nigam IPO

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