Bandhan Bank IPO vs HG Infra IPO

Comparision between Bandhan Bank IPO and HG Infra IPO.

IPO Details

Bandhan Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while HG Infra IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bandhan Bank IPO	HG Infra 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	Axis Bank Limited Goldman Sachs (India) Securities Private Limited J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited	Hdfc Bank Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	Link Intime India Private Ltd
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 Bandhan Bank IPO is up to ₹4,473.02 Cr whereas the issue size of the HG Infra IPO is up to ₹462.00 Cr. The final issue price of Bandhan Bank IPO is ₹375.00 per share and of HG Infra IPO is ₹270.00 per share.

	Bandhan Bank IPO	HG Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹370.00 per share	₹263.00 per share
Issue Price (Upper)	₹375.00 per share	₹270.00 per share
Issue Price (Final)	₹375.00 per share	₹270.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	55 shares
Fresh Issue Size	9,76,63,910 shares
Fresh Issue Size (Amount)		up to ₹300.00 Cr
OFS Issue Size	2,16,16,584 shares	60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	11,92,80,494 shares
Issue Size Total (Amount)	up to ₹4,473.02 Cr	up to ₹462.00 Cr

IPO Timetable

Bandhan Bank IPO opens on Mar 15, 2018, while HG Infra IPO opens on Feb 26, 2018. The closing date of Bandhan Bank IPO and HG Infra IPO is Mar 19, 2018, and Feb 28, 2018, respectively.

	Bandhan Bank IPO	HG Infra IPO
Anchor Bid Date
Issue Open	Mar 15, 2018	Feb 26, 2018
Issue Close	Mar 19, 2018	Feb 28, 2018
Basis Of Allotment (Tentative)	Mar 22, 2018	Mar 06, 2018
Initiation of Refunds (Tentative)	Mar 23, 2018	Mar 07, 2018
Credit of Share (Tentative)	Mar 26, 2018	Mar 08, 2018
Listing date (Tentative)	Mar 27, 2018	Mar 09, 2018
Anchor Lockin End date 1	Apr 21, 2018	Apr 05, 2018
Anchor Lockin End date 2	Jun 20, 2018	Jun 04, 2018

Financials

Bandhan Bank IPO P/E ratio is , as compared to HG Infra IPO P/E ratio of .

Bandhan Bank IPO

HG Infra IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	302,360.90	197,565.00	5,268.88
Total Revenue	43,201.23	17,312.54	79.53
Profit After Tax	11,119.52	2,752.47	5.76

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,380.18	3,753.92	2,249.66	2,148.10	2,265.99
Total Revenue	9,739.72	7,148.02	3,377.33	4,465.84	3,254.40
Profit After Tax	492.97	301.83	92.22	171.71	134.90

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bandhan Bank IPO retail investors (RII) are offered 4,17,48,173 shares while in HG Infra IPO retail investors are offered 4,17,48,173 shares. Qualified institutional buyers (QIB) are offered 2,38,56,099 shares in Bandhan Bank IPO and 34,33,647 shares in HG Infra IPO.

	Bandhan Bank IPO	HG Infra IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,38,56,099 shares	34,33,647 shares
NII	1,78,92,075 shares	26,11,027 shares
RII	4,17,48,173 shares	60,92,396 shares
Employee
Others
Total	8,34,96,347 shares	1,21,37,070 shares

Bids Received (Subscription)

Bandhan Bank IPO subscribed 14.56x in total, whereas HG Infra IPO subscribed 4.98x.

	Bandhan Bank IPO	HG Infra IPO
QIB (times)	38.68x	8.37x
NII (times)	13.89x	4.97x
Big NII (times)
Small NII (times)
RII (times)	1.06x	3.08x
Employee (times)
Other (times)
Total (times)	14.56x	4.98x

Compare with others

Bandhan Bank IPO	HG Infra IPO
Mishra Dhatu Nigam IPO	Sandhar Technologies IPO
Sandhar Technologies IPO	Karda Construction IPO
Karda Construction IPO	Hindustan Aeronautics IPO
Hindustan Aeronautics IPO	Bharat Dynamics IPO
Bharat Dynamics IPO	Bandhan Bank IPO
HG Infra IPO	Aster DM Healthcare IPO
Aster DM Healthcare IPO	Galaxy Surfactants IPO
Galaxy Surfactants IPO	Amber Enterprises IPO
Amber Enterprises IPO	Newgen Software IPO
Newgen Software IPO	Apollo Micro Systems IPO

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