IRCTC IPO vs SBI Cards IPO

Comparision between IRCTC IPO and SBI Cards IPO.

IPO Details

IRCTC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SBI Cards IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRCTC IPO	SBI Cards 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	Idbi Capital Market Services Limited SBI Capital Markets Limited Yes Securities (India) Limited	Axis Capital Limited Bofa Securities India Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited
Registrar	Alankit Assignments Ltd	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 IRCTC IPO is up to ₹645.12 Cr whereas the issue size of the SBI Cards IPO is up to ₹10,354.77 Cr. The final issue price of IRCTC IPO is ₹320.00 per share and of SBI Cards IPO is ₹755.00 per share.

	IRCTC IPO	SBI Cards IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹315.00 per share	₹750.00 per share
Issue Price (Upper)	₹320.00 per share	₹755.00 per share
Issue Price (Final)	₹320.00 per share	₹755.00 per share
Discount (Retail)	₹10.00 per share
Discount (Employee)	₹10.00 per share	₹75.00 per share
Market Lot Size	40 shares	19 shares
Fresh Issue Size		66,22,517 shares
Fresh Issue Size (Amount)		up to ₹500.00 Cr
OFS Issue Size	2,01,60,000 shares	13,05,26,798 shares
OFS Issue Size (Amount)		up to ₹9,854.77 Cr
Issue Size Total	2,01,60,000 shares	13,71,93,464 shares
Issue Size Total (Amount)	up to ₹645.12 Cr	up to ₹10,354.77 Cr

IPO Timetable

IRCTC IPO opens on Sep 30, 2019, while SBI Cards IPO opens on Mar 02, 2020. The closing date of IRCTC IPO and SBI Cards IPO is Oct 03, 2019, and Mar 05, 2020, respectively.

	IRCTC IPO	SBI Cards IPO
Anchor Bid Date
Issue Open	Sep 30, 2019	Mar 02, 2020
Issue Close	Oct 03, 2019	Mar 05, 2020
Basis Of Allotment (Tentative)	Oct 09, 2019	Mar 11, 2020
Initiation of Refunds (Tentative)	Oct 10, 2019	Mar 12, 2020
Credit of Share (Tentative)	Oct 11, 2019	Mar 13, 2020
Listing date (Tentative)	Oct 14, 2019	Mar 16, 2020
Anchor Lockin End date 1	Nov 08, 2019	Apr 10, 2020
Anchor Lockin End date 2	Jan 07, 2020	Jun 09, 2020

Financials

IRCTC IPO P/E ratio is , as compared to SBI Cards IPO P/E ratio of 45.8.

IRCTC IPO

SBI Cards IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. 10 Lakhs)
	31-Mar-19	31-Mar-18	31-Mar-17
Total Assets	25,837.80	23,191.06	18,264.54
Total Revenue	19,566.60	15,695.60	16,028.50
Profit After Tax	2,725.95	2,206.19	2,290.81

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	31-Dec-19	31-March-19	31-Mar-18	31-Mar-17
Total Assets	259,934.65	202,396.36	156,860.07	107,649.82
Total Revenue	72,401.56	72,868.35	53,701.92	34,710.38
Profit After Tax	11,612.07	8,627.22	6,011.42	3,728.61

Promoter Shareholding (Pre-Issue)

100%

74%

Promoter Shareholding (Post-Issue)

87.40%

69.51%

P/E Ratio

45.8

Market Cap

₹70890.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRCTC IPO retail investors (RII) are offered 70,00,000 shares while in SBI Cards IPO retail investors are offered 70,00,000 shares. Qualified institutional buyers (QIB) are offered 1,00,00,000 shares in IRCTC IPO and 2,42,24,003 shares in SBI Cards IPO.

	IRCTC IPO	SBI Cards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,00,00,000 shares	2,42,24,003 shares
NII	30,00,000 shares	1,83,41,418 shares
RII	70,00,000 shares	4,27,96,641 shares
Employee	1,60,000 shares	18,64,669 shares
Others
Total	2,01,60,000 shares	10,02,79,411 shares

Bids Received (Subscription)

IRCTC IPO subscribed 111.91x in total, whereas SBI Cards IPO subscribed 26.54x.

	IRCTC IPO	SBI Cards IPO
QIB (times)	108.79x	57.18x
NII (times)	354.52x	45.23x
Big NII (times)
Small NII (times)
RII (times)	14.83x	2.50x
Employee (times)	5.81x	4.74x
Other (times)		25.36x
Total (times)	111.91x	26.54x

Compare with others

IRCTC IPO	SBI Cards IPO
Equitas Small Finance Bank IPO	Mindspace REIT
Prince Pipes IPO	Yes Bank FPO
SBI Cards IPO	Rossari Biotech IPO
Ujjivan Bank IPO	Equitas Small Finance Bank IPO
CSB Bank IPO	Prince Pipes IPO
Vishwaraj IPO	Ujjivan Bank IPO
Sterling and Wilson IPO	CSB Bank IPO
Spandana Sphoorty IPO	IRCTC IPO
Affle IPO	Vishwaraj IPO
IndiaMart IPO	Sterling and Wilson IPO

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