Adani Wilmar IPO vs Fino Payments Bank IPO

Comparision between Adani Wilmar IPO and Fino Payments Bank IPO.

IPO Details

Adani Wilmar IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Fino Payments Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Adani Wilmar IPO	Fino Payments 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	Bnp Paribas Bofa Securities India Limited Credit Suisse Securities (India) Private Limited Hdfc Bank Limited ICICI Securities Limited J.P. Morgan India Private Limited Kotak Mahindra Capital Company Limited	Axis Capital Limited Clsa India Private Limited ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Adani Wilmar IPO is up to ₹3,600.00 Cr whereas the issue size of the Fino Payments Bank IPO is up to ₹1,200.29 Cr. The final issue price of Adani Wilmar IPO is ₹230.00 per share and of Fino Payments Bank IPO is ₹577.00 per share.

	Adani Wilmar IPO	Fino Payments Bank IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹218.00 per share	₹560.00 per share
Issue Price (Upper)	₹230.00 per share	₹577.00 per share
Issue Price (Final)	₹230.00 per share	₹577.00 per share
Discount (Retail)
Discount (Employee)	₹21.00 per share
Market Lot Size	65 shares	25 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹300.00 Cr
OFS Issue Size		1,56,02,999 shares
OFS Issue Size (Amount)		up to ₹900.29 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹3,600.00 Cr	up to ₹1,200.29 Cr

IPO Timetable

Adani Wilmar IPO opens on Jan 27, 2022, while Fino Payments Bank IPO opens on Oct 29, 2021. The closing date of Adani Wilmar IPO and Fino Payments Bank IPO is Jan 31, 2022, and Nov 02, 2021, respectively.

	Adani Wilmar IPO	Fino Payments Bank IPO
Anchor Bid Date
Issue Open	Jan 27, 2022	Oct 29, 2021
Issue Close	Jan 31, 2022	Nov 02, 2021
Basis Of Allotment (Tentative)	Feb 03, 2022	Nov 09, 2021
Initiation of Refunds (Tentative)	Feb 04, 2022	Nov 10, 2021
Credit of Share (Tentative)	Feb 07, 2022	Nov 11, 2021
Listing date (Tentative)	Feb 08, 2022	Nov 12, 2021
Anchor Lockin End date 1	Mar 05, 2022	Dec 09, 2021
Anchor Lockin End date 2	May 04, 2022	Feb 07, 2022

Financials

Adani Wilmar IPO P/E ratio is 44.66, as compared to Fino Payments Bank IPO P/E ratio of .

Adani Wilmar IPO

Fino Payments Bank IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20
Total Assets	179,237.07	133,266.39	117,859.17
Total Revenue	249,572.86	371,956.58	297,669.86
Profit After Tax	3,571.33	7,276.49	4,608.72

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-March-21	31-Mar-20	31-Mar-19
Total Assets	10,102.91	6,240.01	6,840.72
Total Revenue	7,910.27	6,913.97	3,711.21
Profit After Tax	204.74	(320.36)	(623.84)

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

87.92%

75%

P/E Ratio

44.66

Market Cap

₹29887.82 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Adani Wilmar IPO retail investors (RII) are offered 5,03,00,459 shares while in Fino Payments Bank IPO retail investors are offered 5,03,00,459 shares. Qualified institutional buyers (QIB) are offered 2,87,43,118 shares in Adani Wilmar IPO and 62,25,094 shares in Fino Payments Bank IPO.

	Adani Wilmar IPO	Fino Payments Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,87,43,118 shares	62,25,094 shares
NII	2,15,57,340 shares	31,12,546 shares
RII	5,03,00,459 shares	20,75,031 shares
Employee	54,31,472 shares	51,993 shares
Others
Total	12,25,46,150 shares	1,14,64,664 shares

Bids Received (Subscription)

Adani Wilmar IPO subscribed 17.37x in total, whereas Fino Payments Bank IPO subscribed 2.03x.

	Adani Wilmar IPO	Fino Payments Bank IPO
QIB (times)	5.73x	1.64x
NII (times)	56.30x	0.21x
Big NII (times)
Small NII (times)
RII (times)	3.92x	5.92x
Employee (times)	0.51x	0.93x
Other (times)	33.33x
Total (times)	17.37x	2.03x

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