CSB Bank IPO vs SBI Cards IPO

Comparision between CSB Bank IPO and SBI Cards IPO.

IPO Details

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

	CSB Bank IPO	SBI Cards 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	Axis Capital Limited Bofa Securities India Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	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 CSB Bank IPO is up to ₹409.68 Cr whereas the issue size of the SBI Cards IPO is up to ₹10,354.77 Cr. The final issue price of CSB Bank IPO is ₹195.00 per share and of SBI Cards IPO is ₹755.00 per share.

	CSB Bank IPO	SBI Cards IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹193.00 per share	₹750.00 per share
Issue Price (Upper)	₹195.00 per share	₹755.00 per share
Issue Price (Final)	₹195.00 per share	₹755.00 per share
Discount (Retail)
Discount (Employee)		₹75.00 per share
Market Lot Size	75 shares	19 shares
Fresh Issue Size	12,43,523 shares	66,22,517 shares
Fresh Issue Size (Amount)	up to ₹24.00 Cr	up to ₹500.00 Cr
OFS Issue Size	1,97,78,298 shares	13,05,26,798 shares
OFS Issue Size (Amount)	up to ₹385.68 Cr	up to ₹9,854.77 Cr
Issue Size Total	2,10,21,821 shares	13,71,93,464 shares
Issue Size Total (Amount)	up to ₹409.68 Cr	up to ₹10,354.77 Cr

IPO Timetable

CSB Bank IPO opens on Nov 22, 2019, while SBI Cards IPO opens on Mar 02, 2020. The closing date of CSB Bank IPO and SBI Cards IPO is Nov 26, 2019, and Mar 05, 2020, respectively.

	CSB Bank IPO	SBI Cards IPO
Anchor Bid Date
Issue Open	Nov 22, 2019	Mar 02, 2020
Issue Close	Nov 26, 2019	Mar 05, 2020
Basis Of Allotment (Tentative)	Dec 02, 2019	Mar 11, 2020
Initiation of Refunds (Tentative)	Dec 03, 2019	Mar 12, 2020
Credit of Share (Tentative)	Dec 03, 2019	Mar 13, 2020
Listing date (Tentative)	Dec 04, 2019	Mar 16, 2020
Anchor Lockin End date 1	Jan 01, 2020	Apr 10, 2020
Anchor Lockin End date 2	Mar 01, 2020	Jun 09, 2020

Financials

CSB Bank IPO P/E ratio is , as compared to SBI Cards IPO P/E ratio of 45.8.

CSB Bank IPO

SBI Cards 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 (Rs in Million)
	31-Dec-19	31-March-19	31-Mar-18	31-Mar-17
Total Assets	259,934.65	202,396.36	156,860.07	107,649.82
Total Revenue	72,401.56	72,868.35	53,701.92	34,710.38
Profit After Tax	11,612.07	8,627.22	6,011.42	3,728.61

Promoter Shareholding (Pre-Issue)

50.09%

74%

Promoter Shareholding (Post-Issue)

49.7%

69.51%

P/E Ratio

45.8

Market Cap

₹70890.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CSB Bank IPO retail investors (RII) are offered 21,00,906 shares while in SBI Cards IPO retail investors are offered 21,00,906 shares. Qualified institutional buyers (QIB) are offered 63,02,721 shares in CSB Bank IPO and 2,42,24,003 shares in SBI Cards IPO.

	CSB Bank IPO	SBI Cards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	63,02,721 shares	2,42,24,003 shares
NII	31,51,360 shares	1,83,41,418 shares
RII	21,00,906 shares	4,27,96,641 shares
Employee		18,64,669 shares
Others
Total	1,15,54,987 shares	10,02,79,411 shares

Bids Received (Subscription)

CSB Bank IPO subscribed 86.91x in total, whereas SBI Cards IPO subscribed 26.54x.

	CSB Bank IPO	SBI Cards IPO
QIB (times)	62.18x	57.18x
NII (times)	164.68x	45.23x
Big NII (times)
Small NII (times)
RII (times)	44.46x	2.50x
Employee (times)		4.74x
Other (times)		25.36x
Total (times)	86.91x	26.54x

Compare with others

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

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