Aavas Financiers IPO vs Polycab IPO

Comparision between Aavas Financiers IPO and Polycab IPO.

IPO Details

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

	Aavas Financiers IPO	Polycab 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	Axis Capital Limited Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd Kotak Mahindra Capital Company Limited Yes Securities (India) Limited
Registrar	Link Intime India Private Ltd	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 Aavas Financiers IPO is up to ₹1,734.07 Cr whereas the issue size of the Polycab IPO is up to ₹1,346.00 Cr. The final issue price of Aavas Financiers IPO is ₹821.00 per share and of Polycab IPO is ₹538.00 per share.

	Aavas Financiers IPO	Polycab IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹818.00 per share	₹533.00 per share
Issue Price (Upper)	₹821.00 per share	₹538.00 per share
Issue Price (Final)	₹821.00 per share	₹538.00 per share
Discount (Retail)
Discount (Employee)		₹53.00 per share
Market Lot Size	18 shares	27 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr	up to ₹400.00 Cr
OFS Issue Size	1,62,49,359 shares	1,75,82,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,11,21,437 shares
Issue Size Total (Amount)	up to ₹1,734.07 Cr	up to ₹1,346.00 Cr

IPO Timetable

Aavas Financiers IPO opens on Sep 25, 2018, while Polycab IPO opens on Apr 05, 2019. The closing date of Aavas Financiers IPO and Polycab IPO is Sep 27, 2018, and Apr 09, 2019, respectively.

	Aavas Financiers IPO	Polycab IPO
Anchor Bid Date
Issue Open	Sep 25, 2018	Apr 05, 2019
Issue Close	Sep 27, 2018	Apr 09, 2019
Basis Of Allotment (Tentative)	Oct 03, 2018	Apr 12, 2019
Initiation of Refunds (Tentative)	Oct 04, 2018	Apr 15, 2019
Credit of Share (Tentative)	Oct 05, 2018	Apr 16, 2019
Listing date (Tentative)	Oct 08, 2018	Apr 16, 2019
Anchor Lockin End date 1	Nov 02, 2018	May 12, 2019
Anchor Lockin End date 2	Jan 01, 2019	Jul 11, 2019

Financials

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

Aavas Financiers IPO

Polycab 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. 10 Lakhs)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	53,859.07	44,432.58	45,788.08	38,747.40
Total Revenue	55,067.00	69,239.17	60,470.08	57,142.41
Profit After Tax	3,582.23	3,709.20	2,329.56	1,847.04

Promoter Shareholding (Pre-Issue)

78.94%

Promoter Shareholding (Post-Issue)

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 Polycab IPO retail investors are offered 73,92,514 shares. Qualified institutional buyers (QIB) are offered 42,24,293 shares in Aavas Financiers IPO and 50,04,328 shares in Polycab IPO.

	Aavas Financiers IPO	Polycab IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	42,24,293 shares	50,04,328 shares
NII	31,68,220 shares	37,37,535 shares
RII	73,92,514 shares	87,20,914 shares
Employee	0 shares	1,75,000 shares
Others
Total	1,47,85,027 shares	1,76,37,777 shares

Bids Received (Subscription)

Aavas Financiers IPO subscribed 0.97x in total, whereas Polycab IPO subscribed 51.88x.

	Aavas Financiers IPO	Polycab IPO
QIB (times)	2.77x	92.44x
NII (times)	0.26x	110.42x
Big NII (times)
Small NII (times)
RII (times)	0.25x	4.50x
Employee (times)		3.19x
Other (times)
Total (times)	0.97x	51.88x

Compare with others

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CreditAccess Grameen IPO	Aavas Financiers IPO

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