Aavas Financiers IPO vs MSTC IPO

Comparision between Aavas Financiers IPO and MSTC IPO.

IPO Details

Aavas Financiers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while MSTC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aavas Financiers IPO	MSTC 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	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Hdfc Bank Limited ICICI Securities Limited Spark Capital Advisors (India) Private Limited	Equirus Capital Private Limited
Registrar	Link Intime India Private Ltd	Alankit Assignments 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 Aavas Financiers IPO is up to ₹1,734.07 Cr whereas the issue size of the MSTC IPO is up to ₹212.04 Cr. The final issue price of Aavas Financiers IPO is ₹821.00 per share and of MSTC IPO is ₹120.00 per share.

	Aavas Financiers IPO	MSTC IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹818.00 per share	₹120.00 per share
Issue Price (Upper)	₹821.00 per share	₹128.00 per share
Issue Price (Final)	₹821.00 per share	₹120.00 per share
Discount (Retail)		₹5.50 per share
Discount (Employee)		₹5.50 per share
Market Lot Size	18 shares	90 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr
OFS Issue Size	1,62,49,359 shares
OFS Issue Size (Amount)
Issue Size Total	2,11,21,437 shares	1,76,70,400 shares
Issue Size Total (Amount)	up to ₹1,734.07 Cr	up to ₹212.04 Cr

IPO Timetable

Aavas Financiers IPO opens on Sep 25, 2018, while MSTC IPO opens on Mar 13, 2019. The closing date of Aavas Financiers IPO and MSTC IPO is Sep 27, 2018, and Mar 20, 2019, respectively.

	Aavas Financiers IPO	MSTC IPO
Anchor Bid Date
Issue Open	Sep 25, 2018	Mar 13, 2019
Issue Close	Sep 27, 2018	Mar 20, 2019
Basis Of Allotment (Tentative)	Oct 03, 2018	Mar 25, 2019
Initiation of Refunds (Tentative)	Oct 04, 2018	Mar 26, 2019
Credit of Share (Tentative)	Oct 05, 2018	Mar 28, 2019
Listing date (Tentative)	Oct 08, 2018	Mar 29, 2019
Anchor Lockin End date 1	Nov 02, 2018	Apr 24, 2019
Anchor Lockin End date 2	Jan 01, 2019	Jun 23, 2019

Financials

Aavas Financiers IPO P/E ratio is , as compared to MSTC IPO P/E ratio of .

Aavas Financiers IPO

MSTC IPO

Financial

Summary of financial Information (Restated Standalone)
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	38,174.52	24,506.06	17,107.79	8,523.83	4,179.23
Total Revenue	4,572.45	3,054.92	1,908.99	1,037.55	543.22
Profit After Tax	929.33	571.37	327.80	190.81	63.37

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18
Total Assets	38,174.01
Total Revenue	4,572.71
Profit After Tax	928.75

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	42,566.28	47,378.56	45,998.14	41,621.75
Total Revenue	14,915.50	27,931.50	18,762.00	33,078.00
Profit After Tax	(158.84)	(64.81)	1,391.50	(2,471.00)

Promoter Shareholding (Pre-Issue)

89.85%

Promoter Shareholding (Post-Issue)

64.75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aavas Financiers IPO retail investors (RII) are offered 73,92,514 shares while in MSTC IPO retail investors are offered 73,92,514 shares. Qualified institutional buyers (QIB) are offered 42,24,293 shares in Aavas Financiers IPO and 1,32,00,000 shares in MSTC IPO.

	Aavas Financiers IPO	MSTC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	42,24,293 shares	1,32,00,000 shares
NII	31,68,220 shares	26,40,000 shares
RII	73,92,514 shares	17,60,000 shares
Employee	0 shares	70,400 shares
Others
Total	1,47,85,027 shares	1,76,70,400 shares

Bids Received (Subscription)

Aavas Financiers IPO subscribed 0.97x in total, whereas MSTC IPO subscribed 1.46x.

	Aavas Financiers IPO	MSTC IPO
QIB (times)	2.77x	1.13x
NII (times)	0.26x	2.15x
Big NII (times)
Small NII (times)
RII (times)	0.25x	2.95x
Employee (times)		1.54x
Other (times)
Total (times)	0.97x	1.46x

Compare with others

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MSTC IPO	Metropolis IPO
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IRCON International IPO	Xelpmoc Design and Tech IPO
Garden Reach Shipbuilders IPO	Aavas Financiers IPO
Chalet Hotels Limited IPO	IRCON International IPO
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CreditAccess Grameen IPO	Chalet Hotels Limited IPO

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