CreditAccess Grameen IPO vs TCNS Clothing IPO

Comparision between CreditAccess Grameen IPO and TCNS Clothing IPO.

IPO Details

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

	CreditAccess Grameen IPO	TCNS Clothing 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	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company 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 TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

	CreditAccess Grameen IPO	TCNS Clothing IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹418.00 per share	₹714.00 per share
Issue Price (Upper)	₹422.00 per share	₹716.00 per share
Issue Price (Final)	₹422.00 per share	₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		1,57,14,038 shares
OFS Issue Size (Amount)
Issue Size Total	2,68,05,394 shares	1,57,14,038 shares
Issue Size Total (Amount)	up to ₹1,131.19 Cr	up to ₹1,125.13 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while TCNS Clothing IPO opens on Jul 18, 2018. The closing date of CreditAccess Grameen IPO and TCNS Clothing IPO is Aug 10, 2018, and Jul 20, 2018, respectively.

	CreditAccess Grameen IPO	TCNS Clothing IPO
Anchor Bid Date
Issue Open	Aug 08, 2018	Jul 18, 2018
Issue Close	Aug 10, 2018	Jul 20, 2018
Basis Of Allotment (Tentative)	Aug 16, 2018	Jul 25, 2018
Initiation of Refunds (Tentative)	Aug 20, 2018	Jul 26, 2018
Credit of Share (Tentative)	Aug 21, 2018	Jul 27, 2018
Listing date (Tentative)	Aug 23, 2018	Jul 30, 2018
Anchor Lockin End date 1	Sep 15, 2018	Aug 24, 2018
Anchor Lockin End date 2	Nov 14, 2018	Oct 23, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

CreditAccess Grameen IPO

TCNS Clothing 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 Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16 (Proforma)
Total Assets	5,763.59	4,258.04	3,087.843
Total Revenue	8,491.57	7,129.73	4,881.35
Profit After Tax	980.97	157.97	(414.96)

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 TCNS Clothing IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 34,12,808 shares in TCNS Clothing IPO.

	CreditAccess Grameen IPO	TCNS Clothing IPO
Anchor Investor Reserveration		47,14,210 shares
Market Maker Reserveration
QIB	53,55,555 shares	34,12,808 shares
NII	40,42,239 shares	23,57,106 shares
RII	94,31,890 shares	54,99,914 shares
Employee	0 shares	0 shares
Others
Total	1,88,29,684 shares	1,12,69,828 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas TCNS Clothing IPO subscribed 5.22x.

	CreditAccess Grameen IPO	TCNS Clothing IPO
QIB (times)	5.52x	13.47x
NII (times)	0.98x	5.08x
Big NII (times)
Small NII (times)
RII (times)	0.87x	0.57x
Employee (times)
Other (times)
Total (times)	2.22x	5.22x

Compare with others

CreditAccess Grameen IPO	TCNS Clothing IPO
Aavas Financiers IPO	Xelpmoc Design and Tech IPO
IRCON International IPO	Aavas Financiers IPO
Garden Reach Shipbuilders IPO	IRCON International IPO
Chalet Hotels Limited IPO	Garden Reach Shipbuilders IPO
TCNS Clothing IPO	Chalet Hotels Limited IPO
HDFC AMC IPO	CreditAccess Grameen IPO
Varroc Engineering IPO	HDFC AMC IPO
Fine Organic IPO	Varroc Engineering IPO
RITES Limited IPO	Fine Organic IPO
IndoStar Capital Finance IPO	RITES Limited IPO

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