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Equitas Small Finance Bank IPO vs Rossari Biotech IPO

Comparision between Equitas Small Finance Bank IPO and Rossari Biotech IPO.

IPO Details

Equitas Small Finance Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Rossari Biotech IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  Equitas Small Finance Bank IPO Rossari Biotech IPO
Logo Equitas Small Finance Bank IPO Logo Rossari Biotech 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 Edelweiss Financial Services Ltd

Iifl Securities Ltd

Jm Financial Limited
Axis Bank Limited

ICICI Securities Limited
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 Equitas Small Finance Bank IPO is up to ₹517.60 Cr whereas the issue size of the Rossari Biotech IPO is up to ₹496.49 Cr. The final issue price of Equitas Small Finance Bank IPO is ₹33.00 per share and of Rossari Biotech IPO is ₹425.00 per share.

  Equitas Small Finance Bank IPO Rossari Biotech IPO
Face Value ₹10 per share ₹2 per share
Issue Price (Lower) ₹32.00 per share ₹423.00 per share
Issue Price (Upper) ₹33.00 per share ₹425.00 per share
Issue Price (Final) ₹33.00 per share ₹425.00 per share
Discount (Retail) ₹0.00 per share
Discount (Employee) ₹0.00 per share
Market Lot Size 450 shares 35 shares
Fresh Issue Size
Fresh Issue Size (Amount) up to ₹280.00 Cr up to ₹50.00 Cr
OFS Issue Size 7,20,00,000 shares 1,05,00,000 shares
OFS Issue Size (Amount) up to ₹237.60 Cr
Issue Size Total 1,16,82,033 shares
Issue Size Total (Amount) up to ₹517.60 Cr up to ₹496.49 Cr

IPO Timetable

Equitas Small Finance Bank IPO opens on Oct 20, 2020, while Rossari Biotech IPO opens on Jul 13, 2020. The closing date of Equitas Small Finance Bank IPO and Rossari Biotech IPO is Oct 22, 2020, and Jul 15, 2020, respectively.

  Equitas Small Finance Bank IPO Rossari Biotech IPO
Anchor Bid Date
Issue Open Oct 20, 2020 Jul 13, 2020
Issue Close Oct 22, 2020 Jul 15, 2020
Basis Of Allotment (Tentative) Oct 27, 2020 Jul 20, 2020
Initiation of Refunds (Tentative) Oct 28, 2020 Jul 21, 2020
Credit of Share (Tentative) Oct 29, 2020 Jul 22, 2020
Listing date (Tentative) Nov 02, 2020 Jul 23, 2020
Anchor Lockin End date 1 Nov 26, 2020 Aug 19, 2020
Anchor Lockin End date 2 Jan 25, 2021 Oct 18, 2020

Financials

Equitas Small Finance Bank IPO P/E ratio is , as compared to Rossari Biotech IPO P/E ratio of 33.81.

  Equitas Small Finance Bank IPO Rossari Biotech IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
30-Jun-20 31-Mar-20 31-Mar-19 31-Mar-18
Total Assets 208,921.39 193,145.47 157,626.91 133,011.50
Total Revenue 7,509.68 29,277.95 23,948.32 17,729.03
Profit After Tax 576.71 2,436.35 2,105.66 318.31
Summary of financial Information (Restated)
Particulars For the year/period ended (Rs in Million)
31-Mar-20 31-Mar-19 31-Mar-18 31-Mar-17
Total Assets 4,715.15 2489.45 1649.50 1308.94
Total Revenue 6,038.18 5171.24 3004.29 2605.97
Profit After Tax 652.53 456.83 254.03 142.85
Promoter Shareholding (Pre-Issue) 95.06%
Promoter Shareholding (Post-Issue) 73%
P/E Ratio 33.81
Market Cap ₹2207.00 Cr.
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the Equitas Small Finance Bank IPO retail investors (RII) are offered 5,01,37,500 shares while in Rossari Biotech IPO retail investors are offered 5,01,37,500 shares. Qualified institutional buyers (QIB) are offered 2,79,75,001 shares in Equitas Small Finance Bank IPO and 23,35,294 shares in Rossari Biotech IPO.

  Equitas Small Finance Bank IPO Rossari Biotech IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 2,79,75,001 shares 23,35,294 shares
NII 2,14,87,500 shares 17,51,471 shares
RII 5,01,37,500 shares 40,86,765 shares
Employee 3,12,500 shares 0 shares
Others
Total 11,58,50,001 shares 81,73,530 shares

Bids Received (Subscription)

Equitas Small Finance Bank IPO subscribed 1.95x in total, whereas Rossari Biotech IPO subscribed 79.37x.

  Equitas Small Finance Bank IPO Rossari Biotech IPO
QIB (times) 3.91x 85.26x
NII (times) 0.22x 239.83x
Big NII (times)
Small NII (times)
RII (times) 2.08x 7.23x
Employee (times) 1.84x
Other (times) 0.42x
Total (times) 1.95x 79.37x

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