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CreditAccess Grameen IPO vs Fine Organic IPO

Comparision between CreditAccess Grameen IPO and Fine Organic IPO.

IPO Details

CreditAccess Grameen IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Fine Organic IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

  CreditAccess Grameen IPO Fine Organic IPO
Logo CreditAccess Grameen IPO Logo Fine Organic 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 Credit Suisse Securities (India) Private Limited

ICICI Securities Limited

Iifl Securities Ltd

Kotak Mahindra Capital Company Limited
Edelweiss Financial Services Ltd

Jm Financial Limited
Registrar Kfin Technologies Limited Kfin Technologies Limited
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 CreditAccess Grameen IPO is up to ₹1,131.19 Cr whereas the issue size of the Fine Organic IPO is up to ₹600.20 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of Fine Organic IPO is ₹783.00 per share.

  CreditAccess Grameen IPO Fine Organic IPO
Face Value ₹10 per share ₹5 per share
Issue Price (Lower) ₹418.00 per share ₹780.00 per share
Issue Price (Upper) ₹422.00 per share ₹783.00 per share
Issue Price (Final) ₹422.00 per share ₹783.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 35 shares 19 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 2,68,05,394 shares 76,64,994 shares
Issue Size Total (Amount) up to ₹1,131.19 Cr up to ₹600.20 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while Fine Organic IPO opens on Jun 20, 2018. The closing date of CreditAccess Grameen IPO and Fine Organic IPO is Aug 10, 2018, and Jun 22, 2018, respectively.

  CreditAccess Grameen IPO Fine Organic IPO
Anchor Bid Date
Issue Open Aug 08, 2018 Jun 20, 2018
Issue Close Aug 10, 2018 Jun 22, 2018
Basis Of Allotment (Tentative) Aug 16, 2018 Jun 27, 2018
Initiation of Refunds (Tentative) Aug 20, 2018 Jun 28, 2018
Credit of Share (Tentative) Aug 21, 2018 Jun 28, 2018
Listing date (Tentative) Aug 23, 2018 Jul 02, 2018
Anchor Lockin End date 1 Sep 15, 2018 Jul 27, 2018
Anchor Lockin End date 2 Nov 14, 2018 Sep 25, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to Fine Organic IPO P/E ratio of .

  CreditAccess Grameen IPO Fine Organic IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14
Total Assets 52,183.48 35,640.72 28,079.76 17,268.09 10,580.80
Total Revenue 8,752.05 7,092.61 4,667.19 2,814.28 1,478.29
Profit After Tax 1,246.41 802.98 832.41 487.32 166.26
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
31-Dec-17 31-Mar-17 31-Mar-16 31-Mar-15 31-Mar-14 31-Mar-13
Total Assets 4,835.99 4,576.40 4,228.49 3,776.57 3,411.16 2,553.78
Total Revenue 5,928.23 7,892.24 6,661.22 6,180.49 5,746.49 4,975.10
Profit After Tax 625.89 794.76 769.64 590.91 626.12 208.97
Promoter Shareholding (Pre-Issue)
Promoter Shareholding (Post-Issue)
P/E Ratio
Market Cap
ROE
ROCE
Debt/Equity
EPS
RoNW

Shares Offered

In the CreditAccess Grameen IPO retail investors (RII) are offered 94,31,890 shares while in Fine Organic IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 15,32,999 shares in Fine Organic IPO.

  CreditAccess Grameen IPO Fine Organic IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 53,55,555 shares 15,32,999 shares
NII 40,42,239 shares 11,49,750 shares
RII 94,31,890 shares 26,82,748 shares
Employee 0 shares
Others
Total 1,88,29,684 shares 53,65,497 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas Fine Organic IPO subscribed 8.77x.

  CreditAccess Grameen IPO Fine Organic IPO
QIB (times) 5.52x 12.85x
NII (times) 0.98x 21.00x
Big NII (times)
Small NII (times)
RII (times) 0.87x 1.19x
Employee (times)
Other (times)
Total (times) 2.22x 8.77x

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