CSB Bank IPO vs IRCTC IPO

Comparision between CSB Bank IPO and IRCTC IPO.

IPO Details

CSB Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IRCTC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CSB Bank IPO	IRCTC 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	Axis Capital Limited Iifl Securities Ltd	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	Alankit Assignments 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 CSB Bank IPO is up to ₹409.68 Cr whereas the issue size of the IRCTC IPO is up to ₹645.12 Cr. The final issue price of CSB Bank IPO is ₹195.00 per share and of IRCTC IPO is ₹320.00 per share.

	CSB Bank IPO	IRCTC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹315.00 per share
Issue Price (Upper)	₹195.00 per share	₹320.00 per share
Issue Price (Final)	₹195.00 per share	₹320.00 per share
Discount (Retail)		₹10.00 per share
Discount (Employee)		₹10.00 per share
Market Lot Size	75 shares	40 shares
Fresh Issue Size	12,43,523 shares
Fresh Issue Size (Amount)	up to ₹24.00 Cr
OFS Issue Size	1,97,78,298 shares	2,01,60,000 shares
OFS Issue Size (Amount)	up to ₹385.68 Cr
Issue Size Total	2,10,21,821 shares	2,01,60,000 shares
Issue Size Total (Amount)	up to ₹409.68 Cr	up to ₹645.12 Cr

IPO Timetable

CSB Bank IPO opens on Nov 22, 2019, while IRCTC IPO opens on Sep 30, 2019. The closing date of CSB Bank IPO and IRCTC IPO is Nov 26, 2019, and Oct 03, 2019, respectively.

	CSB Bank IPO	IRCTC IPO
Anchor Bid Date
Issue Open	Nov 22, 2019	Sep 30, 2019
Issue Close	Nov 26, 2019	Oct 03, 2019
Basis Of Allotment (Tentative)	Dec 02, 2019	Oct 09, 2019
Initiation of Refunds (Tentative)	Dec 03, 2019	Oct 10, 2019
Credit of Share (Tentative)	Dec 03, 2019	Oct 11, 2019
Listing date (Tentative)	Dec 04, 2019	Oct 14, 2019
Anchor Lockin End date 1	Jan 01, 2020	Nov 08, 2019
Anchor Lockin End date 2	Mar 01, 2020	Jan 07, 2020

Financials

CSB Bank IPO P/E ratio is , as compared to IRCTC IPO P/E ratio of .

CSB Bank IPO

IRCTC IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Sep-19	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	1,73,232.58	1,64,534.60	1,53,346.62	1,57,700.26
Total Revenue	8,167.14	14,834.33	14,222.26	16,174.96
Profit After Tax	442.72	(656.89)	(1,270.88)	(579.91)

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	25,837.80	23,191.06	18,264.54
Total Revenue	19,566.60	15,695.60	16,028.50
Profit After Tax	2,725.95	2,206.19	2,290.81

Promoter Shareholding (Pre-Issue)

50.09%

100%

Promoter Shareholding (Post-Issue)

49.7%

87.40%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CSB Bank IPO retail investors (RII) are offered 21,00,906 shares while in IRCTC IPO retail investors are offered 21,00,906 shares. Qualified institutional buyers (QIB) are offered 63,02,721 shares in CSB Bank IPO and 1,00,00,000 shares in IRCTC IPO.

	CSB Bank IPO	IRCTC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	63,02,721 shares	1,00,00,000 shares
NII	31,51,360 shares	30,00,000 shares
RII	21,00,906 shares	70,00,000 shares
Employee		1,60,000 shares
Others
Total	1,15,54,987 shares	2,01,60,000 shares

Bids Received (Subscription)

CSB Bank IPO subscribed 86.91x in total, whereas IRCTC IPO subscribed 111.91x.

	CSB Bank IPO	IRCTC IPO
QIB (times)	62.18x	108.79x
NII (times)	164.68x	354.52x
Big NII (times)
Small NII (times)
RII (times)	44.46x	14.83x
Employee (times)		5.81x
Other (times)
Total (times)	86.91x	111.91x

Compare with others

CSB Bank IPO	IRCTC IPO
Rossari Biotech IPO	Equitas Small Finance Bank IPO
Equitas Small Finance Bank IPO	Prince Pipes IPO
Prince Pipes IPO	SBI Cards IPO
SBI Cards IPO	Ujjivan Bank IPO
Ujjivan Bank IPO	CSB Bank IPO
IRCTC IPO	Vishwaraj IPO
Vishwaraj IPO	Sterling and Wilson IPO
Sterling and Wilson IPO	Spandana Sphoorty IPO
Spandana Sphoorty IPO	Affle IPO
Affle IPO	IndiaMart IPO

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