CreditAccess Grameen IPO vs HDFC AMC IPO

Comparision between CreditAccess Grameen IPO and HDFC AMC IPO.

IPO Details

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

	CreditAccess Grameen IPO	HDFC AMC 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	Axis Capital Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd
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 HDFC AMC IPO is up to ₹2,800.33 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of HDFC AMC IPO is ₹1,100.00 per share.

	CreditAccess Grameen IPO	HDFC AMC IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹418.00 per share	₹1,095.00 per share
Issue Price (Upper)	₹422.00 per share	₹1,100.00 per share
Issue Price (Final)	₹422.00 per share	₹1,100.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	13 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		2,54,57,555 shares
OFS Issue Size (Amount)
Issue Size Total	2,68,05,394 shares	2,54,57,555 shares
Issue Size Total (Amount)	up to ₹1,131.19 Cr	up to ₹2,800.33 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while HDFC AMC IPO opens on Jul 25, 2018. The closing date of CreditAccess Grameen IPO and HDFC AMC IPO is Aug 10, 2018, and Jul 27, 2018, respectively.

	CreditAccess Grameen IPO	HDFC AMC IPO
Anchor Bid Date
Issue Open	Aug 08, 2018	Jul 25, 2018
Issue Close	Aug 10, 2018	Jul 27, 2018
Basis Of Allotment (Tentative)	Aug 16, 2018	Aug 01, 2018
Initiation of Refunds (Tentative)	Aug 20, 2018	Aug 02, 2018
Credit of Share (Tentative)	Aug 21, 2018	Aug 03, 2018
Listing date (Tentative)	Aug 23, 2018	Aug 06, 2018
Anchor Lockin End date 1	Sep 15, 2018	Aug 31, 2018
Anchor Lockin End date 2	Nov 14, 2018	Oct 30, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to HDFC AMC IPO P/E ratio of .

CreditAccess Grameen IPO

HDFC AMC 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	25,831.58	15,995.90	14,227.17	13,117.50	11,213.36	8,294.39
Total Revenue	13,167.21	15,879.10	14,943.42	10,642.76	9,031.14	7,839.76
Profit After Tax	4,955.55	5,502.46	4,778.80	4,155.00	3,577.70	3,187.46

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 HDFC AMC IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 44,35,511 shares in HDFC AMC IPO.

	CreditAccess Grameen IPO	HDFC AMC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	53,55,555 shares	44,35,511 shares
NII	40,42,239 shares	33,26,634 shares
RII	94,31,890 shares	77,62,145 shares
Employee	0 shares	8,80,000 shares
Others
Total	1,88,29,684 shares	1,88,04,290 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas HDFC AMC IPO subscribed 82.99x.

	CreditAccess Grameen IPO	HDFC AMC IPO
QIB (times)	5.52x	192.26x
NII (times)	0.98x	195.15x
Big NII (times)
Small NII (times)
RII (times)	0.87x	6.57x
Employee (times)		1.51x
Other (times)		2.65x
Total (times)	2.22x	82.99x

Compare with others

CreditAccess Grameen IPO	HDFC AMC IPO
Aavas Financiers IPO	IRCON International IPO
IRCON International IPO	Garden Reach Shipbuilders IPO
Garden Reach Shipbuilders IPO	Chalet Hotels Limited IPO
Chalet Hotels Limited IPO	TCNS Clothing IPO
TCNS Clothing IPO	CreditAccess Grameen IPO
HDFC AMC IPO	Varroc Engineering IPO
Varroc Engineering IPO	Fine Organic IPO
Fine Organic IPO	RITES Limited IPO
RITES Limited IPO	IndoStar Capital Finance IPO
IndoStar Capital Finance IPO	Lemon Tree Hotels IPO

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