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Avanse Financial Services IPO vs Niva Bupa Health Insurance IPO

Comparision between Avanse Financial Services IPO and Niva Bupa Health Insurance IPO.

IPO Details

Avanse Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Niva Bupa Health Insurance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of Avanse Financial Services IPO is up to ₹3,500.00 Cr whereas the issue size of the Niva Bupa Health Insurance IPO is up to ₹2,200.00 Cr. The final issue price of Avanse Financial Services IPO is and of Niva Bupa Health Insurance IPO is .

  Avanse Financial Services IPO Niva Bupa Health Insurance IPO
Face Value ₹5 per share ₹10 per share
Issue Price (Lower) ₹70.00 per share
Issue Price (Upper) ₹74.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size 200 shares
Fresh Issue Size 10,81,08,108 shares
Fresh Issue Size (Amount) up to ₹1,000.00 Cr up to ₹800.00 Cr
OFS Issue Size 18,91,89,189 shares
OFS Issue Size (Amount) up to ₹2,500.00 Cr up to ₹1,400.00 Cr
Issue Size Total 29,72,97,297 shares
Issue Size Total (Amount) up to ₹3,500.00 Cr up to ₹2,200.00 Cr

IPO Timetable

Avanse Financial Services IPO opens on , while Niva Bupa Health Insurance IPO opens on Nov 07, 2024. The closing date of Avanse Financial Services IPO and Niva Bupa Health Insurance IPO is , and Nov 11, 2024, respectively.

  Avanse Financial Services IPO Niva Bupa Health Insurance IPO
Anchor Bid Date Nov 06, 2024
Issue Open Nov 07, 2024
Issue Close Nov 11, 2024
Basis Of Allotment (Tentative) Nov 12, 2024
Initiation of Refunds (Tentative) Nov 13, 2024
Credit of Share (Tentative) Nov 13, 2024
Listing date (Tentative) Nov 14, 2024
Anchor Lockin End date 1 Dec 12, 2024
Anchor Lockin End date 2 Feb 10, 2025

Financials

Avanse Financial Services IPO P/E ratio is , as compared to Niva Bupa Health Insurance IPO P/E ratio of 153.7.

  Avanse Financial Services IPO Niva Bupa Health Insurance IPO
Financial

Avanse Financial Services Limited Financial Information (Restated Consolidated)

Avanse Financial Services Limited's revenue increased by 75% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended31 Mar 202431 Mar 2023
Assets14,343.849,729.95
Revenue1,728.81990.23
Profit After Tax342.4157.71
Net Worth3,676.722,149.72
Reserves and Surplus3,560.382,040.73
Total Borrowing10,135.257,210.13
Amount in ₹ Crore

Niva Bupa Health Insurance Company Limited Financial Information (Restated)

Niva Bupa Health Insurance Company Limited's revenue increased by 44.05% and profit after tax (PAT) rose by 552.73% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended30 Jun 202431 Mar 202431 Mar 202331 Mar 2022
Assets6,542.066,191.873,876.572,738.44
Revenue1,124.904,118.632,859.241,884.54
Profit After Tax-18.8281.8512.54-196.53
Net Worth2,031.772,049.59831.12507.65
Reserves and Surplus1,282.441,282.02334.26125.40
Total Borrowing250.00250.00250.00250.00
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue) 58.38% 62.27%
Promoter Shareholding (Post-Issue)
P/E Ratio 153.7
Market Cap ₹13380.91 Cr.
ROE
ROCE
Debt/Equity 0.12
EPS ₹0.48
RoNW -0.92%

Shares Offered

In the Avanse Financial Services IPO retail investors (RII) are offered while in Niva Bupa Health Insurance IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Avanse Financial Services IPO and in Niva Bupa Health Insurance IPO.

  Avanse Financial Services IPO Niva Bupa Health Insurance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Avanse Financial Services IPO subscribed in total, whereas Niva Bupa Health Insurance IPO subscribed .

  Avanse Financial Services IPO Niva Bupa Health Insurance IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

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