Prince Pipes IPO vs SBI Cards IPO

Comparision between Prince Pipes IPO and SBI Cards IPO.

IPO Details

Prince Pipes 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.

	Prince Pipes 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	Edelweiss Financial Services Ltd Jm Financial 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	Link Intime India Private 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 Prince Pipes IPO is up to ₹500.00 Cr whereas the issue size of the SBI Cards IPO is up to ₹10,354.77 Cr. The final issue price of Prince Pipes IPO is ₹178.00 per share and of SBI Cards IPO is ₹755.00 per share.

	Prince Pipes IPO	SBI Cards IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹177.00 per share	₹750.00 per share
Issue Price (Upper)	₹178.00 per share	₹755.00 per share
Issue Price (Final)	₹178.00 per share	₹755.00 per share
Discount (Retail)
Discount (Employee)		₹75.00 per share
Market Lot Size	84 shares	19 shares
Fresh Issue Size		66,22,517 shares
Fresh Issue Size (Amount)	up to ₹250.00 Cr	up to ₹500.00 Cr
OFS Issue Size		13,05,26,798 shares
OFS Issue Size (Amount)	up to ₹250.00 Cr	up to ₹9,854.77 Cr
Issue Size Total	2,82,48,586 shares	13,71,93,464 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹10,354.77 Cr

IPO Timetable

Prince Pipes IPO opens on Dec 18, 2019, while SBI Cards IPO opens on Mar 02, 2020. The closing date of Prince Pipes IPO and SBI Cards IPO is Dec 20, 2019, and Mar 05, 2020, respectively.

	Prince Pipes IPO	SBI Cards IPO
Anchor Bid Date
Issue Open	Dec 18, 2019	Mar 02, 2020
Issue Close	Dec 20, 2019	Mar 05, 2020
Basis Of Allotment (Tentative)	Dec 26, 2019	Mar 11, 2020
Initiation of Refunds (Tentative)	Dec 27, 2019	Mar 12, 2020
Credit of Share (Tentative)	Dec 30, 2019	Mar 13, 2020
Listing date (Tentative)	Dec 30, 2019	Mar 16, 2020
Anchor Lockin End date 1	Jan 25, 2020	Apr 10, 2020
Anchor Lockin End date 2	Mar 25, 2020	Jun 09, 2020

Financials

Prince Pipes IPO P/E ratio is 18.35, as compared to SBI Cards IPO P/E ratio of 45.8.

Prince Pipes IPO

SBI Cards IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Millions)
	Three months period ended on 30-June-2019	31-Mar-19	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	10,144.57	10,404.13	9,798.77	7,605.05	6,533.00
Total Revenue	3,801.92	15,789.95	13,265.71	13,324.95	10,816.18
Profit After Tax	266.69	833.51	727.66	741.82	295.35

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)

90.06%

74%

Promoter Shareholding (Post-Issue)

65.80%

69.51%

P/E Ratio

18.35

45.8

Market Cap

₹70890.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Prince Pipes IPO retail investors (RII) are offered 98,87,006 shares while in SBI Cards IPO retail investors are offered 98,87,006 shares. Qualified institutional buyers (QIB) are offered 56,49,718 shares in Prince Pipes IPO and 2,42,24,003 shares in SBI Cards IPO.

	Prince Pipes IPO	SBI Cards IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	56,49,718 shares	2,42,24,003 shares
NII	42,37,288 shares	1,83,41,418 shares
RII	98,87,006 shares	4,27,96,641 shares
Employee		18,64,669 shares
Others
Total	1,97,74,012 shares	10,02,79,411 shares

Bids Received (Subscription)

Prince Pipes IPO subscribed 2.21x in total, whereas SBI Cards IPO subscribed 26.54x.

	Prince Pipes IPO	SBI Cards IPO
QIB (times)	3.54x	57.18x
NII (times)	1.21x	45.23x
Big NII (times)
Small NII (times)
RII (times)	1.89x	2.50x
Employee (times)		4.74x
Other (times)		25.36x
Total (times)	2.21x	26.54x

Compare with others

Prince Pipes IPO	SBI Cards IPO
UTI AMC IPO	Mindspace REIT
Mindspace REIT	Yes Bank FPO
Yes Bank FPO	Rossari Biotech IPO
Rossari Biotech IPO	Equitas Small Finance Bank IPO
Equitas Small Finance Bank IPO	Prince Pipes IPO
SBI Cards IPO	Ujjivan Bank IPO
Ujjivan Bank IPO	CSB Bank IPO
CSB Bank IPO	IRCTC IPO
IRCTC IPO	Vishwaraj IPO
Vishwaraj IPO	Sterling and Wilson IPO

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