CreditAccess Grameen IPO vs IndoStar Capital Finance IPO

Comparision between CreditAccess Grameen IPO and IndoStar Capital Finance IPO.

IPO Details

CreditAccess Grameen IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IndoStar Capital Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CreditAccess Grameen IPO	IndoStar Capital Finance 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	Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Motilal Oswal Investment Advisors Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 IndoStar Capital Finance IPO is up to ₹1,844.00 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of IndoStar Capital Finance IPO is ₹572.00 per share.

	CreditAccess Grameen IPO	IndoStar Capital Finance IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹418.00 per share	₹570.00 per share
Issue Price (Upper)	₹422.00 per share	₹572.00 per share
Issue Price (Final)	₹422.00 per share	₹572.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	26 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹700.00 Cr
OFS Issue Size		2,00,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,68,05,394 shares	3,22,37,762 shares
Issue Size Total (Amount)	up to ₹1,131.19 Cr	up to ₹1,844.00 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while IndoStar Capital Finance IPO opens on May 09, 2018. The closing date of CreditAccess Grameen IPO and IndoStar Capital Finance IPO is Aug 10, 2018, and May 11, 2018, respectively.

	CreditAccess Grameen IPO	IndoStar Capital Finance IPO
Anchor Bid Date
Issue Open	Aug 08, 2018	May 09, 2018
Issue Close	Aug 10, 2018	May 11, 2018
Basis Of Allotment (Tentative)	Aug 16, 2018	May 16, 2018
Initiation of Refunds (Tentative)	Aug 20, 2018	May 17, 2018
Credit of Share (Tentative)	Aug 21, 2018	May 18, 2018
Listing date (Tentative)	Aug 23, 2018	May 21, 2018
Anchor Lockin End date 1	Sep 15, 2018	Jun 15, 2018
Anchor Lockin End date 2	Nov 14, 2018	Aug 14, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to IndoStar Capital Finance IPO P/E ratio of .

CreditAccess Grameen IPO

IndoStar Capital Finance 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-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	54,853.65	46,922.73	39,916.86	31,608.02	22,070.85
Total Revenue	7,155.42	6,413.79	5,280.56	3,969.05	2,415.77
Profit After Tax	2,090.38	1,910.16	1,490.65	1,121.36	900.94

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 IndoStar Capital Finance IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 64,35,086 shares in IndoStar Capital Finance IPO.

	CreditAccess Grameen IPO	IndoStar Capital Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	53,55,555 shares	64,35,086 shares
NII	40,42,239 shares	48,42,106 shares
RII	94,31,890 shares	1,12,98,246 shares
Employee	0 shares
Others
Total	1,88,29,684 shares	2,25,75,438 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas IndoStar Capital Finance IPO subscribed 6.65x.

	CreditAccess Grameen IPO	IndoStar Capital Finance IPO
QIB (times)	5.52x	16.08x
NII (times)	0.98x	6.91x
Big NII (times)
Small NII (times)
RII (times)	0.87x	1.17x
Employee (times)
Other (times)
Total (times)	2.22x	6.65x

Compare with others

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

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