ASK Automotive IPO vs ESAF Small Finance Bank IPO

Comparision between ASK Automotive IPO and ESAF Small Finance Bank IPO.

IPO Details

ASK Automotive IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while ESAF Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ASK Automotive IPO	ESAF Small Finance Bank 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	Jm Financial Limited Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd	ICICI Securities Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Nuvama Wealth Management Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of ASK Automotive IPO is up to ₹834.00 Cr whereas the issue size of the ESAF Small Finance Bank IPO is up to ₹463.00 Cr. The final issue price of ASK Automotive IPO is ₹282.00 per share and of ESAF Small Finance Bank IPO is ₹60.00 per share.

	ASK Automotive IPO	ESAF Small Finance Bank IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹268.00 per share	₹57.00 per share
Issue Price (Upper)	₹282.00 per share	₹60.00 per share
Issue Price (Final)	₹282.00 per share	₹60.00 per share
Discount (Retail)
Discount (Employee)		₹5.00 per share
Market Lot Size	53 shares	250 shares
Fresh Issue Size		6,51,16,667 shares
Fresh Issue Size (Amount)		up to ₹390.70 Cr
OFS Issue Size	2,95,71,390 shares	1,20,50,000 shares
OFS Issue Size (Amount)	up to ₹834.00 Cr	up to ₹72.30 Cr
Issue Size Total	2,95,71,390 shares	7,71,66,667 shares
Issue Size Total (Amount)	up to ₹834.00 Cr	up to ₹463.00 Cr

IPO Timetable

ASK Automotive IPO opens on Nov 07, 2023, while ESAF Small Finance Bank IPO opens on Nov 03, 2023. The closing date of ASK Automotive IPO and ESAF Small Finance Bank IPO is Nov 09, 2023, and Nov 07, 2023, respectively.

	ASK Automotive IPO	ESAF Small Finance Bank IPO
Anchor Bid Date	Nov 06, 2023	Nov 02, 2023
Issue Open	Nov 07, 2023	Nov 03, 2023
Issue Close	Nov 09, 2023	Nov 07, 2023
Basis Of Allotment (Tentative)	Nov 10, 2023	Nov 08, 2023
Initiation of Refunds (Tentative)	Nov 10, 2023	Nov 08, 2023
Credit of Share (Tentative)	Nov 13, 2023	Nov 09, 2023
Listing date (Tentative)	Nov 15, 2023	Nov 10, 2023
Anchor Lockin End date 1	Dec 10, 2023	Dec 08, 2023
Anchor Lockin End date 2	Feb 08, 2024	Feb 06, 2024

Financials

ASK Automotive IPO P/E ratio is 45.63, as compared to ESAF Small Finance Bank IPO P/E ratio of 8.94.

ASK Automotive IPO

ESAF Small Finance Bank IPO

Financial

ASK Automotive Limited Financial Information (Restated Consolidated)

ASK Automotive Limited's revenue increased by 26.78% and profit after tax (PAT) rose by 48.75% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	1,443.34	1,281.21	1,105.56	948.25
Revenue	657.55	2,566.28	2,024.26	1,567.77
Profit After Tax	34.83	122.95	82.66	106.20
Net Worth		643.77	631.91	622.23
Reserves and Surplus	639.03	604.34	591.73	581.54
Total Borrowing	268.03	231.82	119.78	54.02
Amount in ₹ Crore

ESAF Small Finance Bank Limited Financial Information (Restated)

ESAF Small Finance Bank Limited's revenue increased by 46.29% and profit after tax (PAT) rose by 452.39% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	30 Jun 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	20,795.94	20,223.66	17,707.56	12,338.65
Revenue	991.78	3,141.57	2,147.51	1,768.42
Profit After Tax	129.96	302.33	54.73	105.40
Net Worth	1,839.09	1,709.13	1,406.80	1,352.06
Reserves and Surplus	1,389.62	1,259.66	957.32	902.59
Total Borrowing	2,739.13	3,354.20	2,952.83	1,694.00
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

100%

74.43%

Promoter Shareholding (Post-Issue)

59.74%

P/E Ratio

45.63

8.94

Market Cap

₹5559.00 Cr.

₹3087.54 Cr.

ROE

ROCE

Debt/Equity

0.49

EPS

₹6.18

₹6.73

RoNW

19.10%%

17.69%%

Shares Offered

In the ASK Automotive IPO retail investors (RII) are offered 1,03,49,987 shares while in ESAF Small Finance Bank IPO retail investors are offered 1,03,49,987 shares. Qualified institutional buyers (QIB) are offered 59,14,278 shares in ASK Automotive IPO and 1,50,16,669 shares in ESAF Small Finance Bank IPO.

	ASK Automotive IPO	ESAF Small Finance Bank IPO
Anchor Investor Reserveration	88,71,416 shares	2,25,24,998 shares
Market Maker Reserveration
QIB	59,14,278 shares	1,50,16,669 shares
NII	44,35,709 shares	1,12,62,500 shares
RII	1,03,49,987 shares	2,62,79,167 shares
Employee	0 shares	22,83,653 shares
Others
Total	2,06,99,974 shares	5,48,41,989 shares

Bids Received (Subscription)

ASK Automotive IPO subscribed 51.14x in total, whereas ESAF Small Finance Bank IPO subscribed 77.00x.

	ASK Automotive IPO	ESAF Small Finance Bank IPO
QIB (times)	142.41x	182.66x
NII (times)	35.47x	88.81x
Big NII (times)	41.13x	96.51x
Small NII (times)	24.16x	73.41x
RII (times)	5.70x	17.86x
Employee (times)		4.59x
Other (times)
Total (times)	51.14x	77.00x

Compare with others

ASK Automotive IPO	ESAF Small Finance Bank IPO
Allied Blenders IPO	Flair Writing IPO
Flair Writing IPO	IREDA IPO
IREDA IPO	Fedbank Financial Services IPO
Fedbank Financial Services IPO	Gandhar Oil Refinery India IPO
Gandhar Oil Refinery India IPO	ASK Automotive IPO
ESAF Small Finance Bank IPO	Cello World Limited IPO
Cello World Limited IPO	Mamaearth IPO
Mamaearth IPO	Blue Jet Healthcare IPO
Blue Jet Healthcare IPO	Protean eGov Technologies IPO
Protean eGov Technologies IPO	IRM Energy IPO

Comments

Add a public comment...