Fedbank Financial Services IPO vs Muthoot Microfin IPO

Comparision between Fedbank Financial Services IPO and Muthoot Microfin IPO.

IPO Details

Fedbank Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Muthoot Microfin IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fedbank Financial Services IPO	Muthoot Microfin 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	ICICI Securities Limited Bnp Paribas Equirus Capital Private Limited Jm Financial Limited	ICICI Securities Limited Axis Capital Limited Jm Financial Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
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 Fedbank Financial Services IPO is up to ₹1,092.26 Cr whereas the issue size of the Muthoot Microfin IPO is up to ₹960.00 Cr. The final issue price of Fedbank Financial Services IPO is ₹140.00 per share and of Muthoot Microfin IPO is ₹291.00 per share.

	Fedbank Financial Services IPO	Muthoot Microfin IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹133.00 per share	₹277.00 per share
Issue Price (Upper)	₹140.00 per share	₹291.00 per share
Issue Price (Final)	₹140.00 per share	₹291.00 per share
Discount (Retail)
Discount (Employee)	₹10.00 per share	₹14.00 per share
Market Lot Size	107 shares	51 shares
Fresh Issue Size	4,29,12,087 shares	2,61,16,838 shares
Fresh Issue Size (Amount)	up to ₹600.77 Cr	up to ₹760.00 Cr
OFS Issue Size	3,51,61,723 shares	68,72,852 shares
OFS Issue Size (Amount)	up to ₹492.26 Cr	up to ₹200.00 Cr
Issue Size Total	7,80,73,810 shares	3,29,89,690 shares
Issue Size Total (Amount)	up to ₹1,092.26 Cr	up to ₹960.00 Cr

IPO Timetable

Fedbank Financial Services IPO opens on Nov 22, 2023, while Muthoot Microfin IPO opens on Dec 18, 2023. The closing date of Fedbank Financial Services IPO and Muthoot Microfin IPO is Nov 24, 2023, and Dec 20, 2023, respectively.

	Fedbank Financial Services IPO	Muthoot Microfin IPO
Anchor Bid Date	Nov 21, 2023	Dec 15, 2023
Issue Open	Nov 22, 2023	Dec 18, 2023
Issue Close	Nov 24, 2023	Dec 20, 2023
Basis Of Allotment (Tentative)	Nov 28, 2023	Dec 21, 2023
Initiation of Refunds (Tentative)	Nov 28, 2023	Dec 22, 2023
Credit of Share (Tentative)	Nov 29, 2023	Dec 22, 2023
Listing date (Tentative)	Nov 30, 2023	Dec 26, 2023
Anchor Lockin End date 1	Dec 28, 2023	Jan 20, 2024
Anchor Lockin End date 2	Feb 26, 2024	Mar 20, 2024

Financials

Fedbank Financial Services IPO P/E ratio is 25.04, as compared to Muthoot Microfin IPO P/E ratio of 24.96.

Fedbank Financial Services IPO

Muthoot Microfin IPO

Financial

Fedbank Financial Services Limited Financial Information (Restated)

Fedbank Financial Services Limited's revenue increased by 37.46% and profit after tax (PAT) rose by 74.11% 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	9,412.51	9,070.99	6,555.71	5,466.31
Revenue	367.87	1,214.68	883.64	697.57
Profit After Tax	53.88	180.13	103.46	61.68
Net Worth	1,414.90	1,355.68	1,153.52	834.73
Reserves and Surplus	1,076.67	1,021.52	832.00	544.45
Total Borrowing	7,619.52	7,135.82	5,016.84	4,328.09
Amount in ₹ Crore

Muthoot Microfin Limited Financial Information (Restated)

Muthoot Microfin Limited's revenue increased by 71.58% and profit after tax (PAT) rose by 245.77% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	8,529.20	5,591.46	4,183.85
Revenue	1,446.34	842.94	696.28
Profit After Tax	163.89	47.40	7.05
Net Worth	1,625.85	1,336.58	889.89
Reserves and Surplus	1,282.15	1,040.10	642.84
Total Borrowing	6,493.18	3,996.61	3,015.66
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

72.28%

69.08%

Promoter Shareholding (Post-Issue)

62.40%

55.47%

P/E Ratio

25.04

24.96

Market Cap

₹5165.06 Cr.

₹4960.82 Cr.

ROE

14.36%%

11.06%%

ROCE

Debt/Equity

3.99

EPS

₹5.60

₹11.98

RoNW

13.29%%

10.08%%

Shares Offered

In the Fedbank Financial Services IPO retail investors (RII) are offered 2,70,56,603 shares while in Muthoot Microfin IPO retail investors are offered 2,70,56,603 shares. Qualified institutional buyers (QIB) are offered 1,54,60,916 shares in Fedbank Financial Services IPO and 65,29,210 shares in Muthoot Microfin IPO.

	Fedbank Financial Services IPO	Muthoot Microfin IPO
Anchor Investor Reserveration	2,31,91,374 shares	97,93,812 shares
Market Maker Reserveration
QIB	1,54,60,916 shares	65,29,210 shares
NII	1,15,95,687 shares	48,96,907 shares
RII	2,70,56,603 shares	1,14,26,117 shares
Employee	8,13,008 shares	0 shares
Others
Total	5,49,26,214 shares	2,28,52,234 shares

Bids Received (Subscription)

Fedbank Financial Services IPO subscribed 2.24x in total, whereas Muthoot Microfin IPO subscribed 12.30x.

	Fedbank Financial Services IPO	Muthoot Microfin IPO
QIB (times)	3.48x	18.35x
NII (times)	1.49x	13.87x
Big NII (times)	1.27x	12.96x
Small NII (times)	1.95x	15.69x
RII (times)	1.88x	8.00x
Employee (times)	1.34x
Other (times)
Total (times)	2.24x	12.30x

Compare with others

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Muthoot Microfin IPO	Suraj Estate Developers IPO
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Allied Blenders IPO	Motisons Jewellers IPO
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Gandhar Oil Refinery India IPO	DOMS IPO
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ESAF Small Finance Bank IPO	Flair Writing IPO
Cello World Limited IPO	IREDA IPO
Mamaearth IPO	Fedbank Financial Services IPO

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