CreditAccess Grameen IPO vs RITES Limited IPO

Comparision between CreditAccess Grameen IPO and RITES Limited IPO.

IPO Details

CreditAccess Grameen IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RITES Limited IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	CreditAccess Grameen IPO	RITES Limited 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	Credit Suisse Securities (India) Private Limited ICICI Securities Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited SBI Capital Markets Limited
Registrar	Kfin Technologies Limited	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 CreditAccess Grameen IPO is up to ₹1,131.19 Cr whereas the issue size of the RITES Limited IPO is up to ₹460.51 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of RITES Limited IPO is ₹185.00 per share.

	CreditAccess Grameen IPO	RITES Limited IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹418.00 per share	₹180.00 per share
Issue Price (Upper)	₹422.00 per share	₹185.00 per share
Issue Price (Final)	₹422.00 per share	₹185.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,68,05,394 shares	2,52,00,000 shares
Issue Size Total (Amount)	up to ₹1,131.19 Cr	up to ₹460.51 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while RITES Limited IPO opens on Jun 20, 2018. The closing date of CreditAccess Grameen IPO and RITES Limited IPO is Aug 10, 2018, and Jun 22, 2018, respectively.

	CreditAccess Grameen IPO	RITES Limited IPO
Anchor Bid Date
Issue Open	Aug 08, 2018	Jun 20, 2018
Issue Close	Aug 10, 2018	Jun 22, 2018
Basis Of Allotment (Tentative)	Aug 16, 2018
Initiation of Refunds (Tentative)	Aug 20, 2018
Credit of Share (Tentative)	Aug 21, 2018
Listing date (Tentative)	Aug 23, 2018
Anchor Lockin End date 1	Sep 15, 2018
Anchor Lockin End date 2	Nov 14, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to RITES Limited IPO P/E ratio of .

CreditAccess Grameen IPO

RITES Limited IPO

Financial

Summary of financial Information (Restated)
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	52,183.48	35,640.72	28,079.76	17,268.09	10,580.80
Total Revenue	8,752.05	7,092.61	4,667.19	2,814.28	1,478.29
Profit After Tax	1,246.41	802.98	832.41	487.32	166.26

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the CreditAccess Grameen IPO retail investors (RII) are offered 94,31,890 shares while in RITES Limited IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 1,20,00,000 shares in RITES Limited IPO.

	CreditAccess Grameen IPO	RITES Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	53,55,555 shares	1,20,00,000 shares
NII	40,42,239 shares	36,00,000 shares
RII	94,31,890 shares	84,00,000 shares
Employee	0 shares	12,00,000 shares
Others
Total	1,88,29,684 shares	2,52,00,000 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas RITES Limited IPO subscribed 66.74x.

	CreditAccess Grameen IPO	RITES Limited IPO
QIB (times)	5.52x	71.71x
NII (times)	0.98x	194.56x
Big NII (times)
Small NII (times)
RII (times)	0.87x	14.24x
Employee (times)		0.96x
Other (times)
Total (times)	2.22x	66.74x

Compare with others

CreditAccess Grameen IPO	RITES Limited IPO
Aavas Financiers IPO	TCNS Clothing IPO
IRCON International IPO	CreditAccess Grameen IPO
Garden Reach Shipbuilders IPO	HDFC AMC IPO
Chalet Hotels Limited IPO	Varroc Engineering IPO
TCNS Clothing IPO	Fine Organic IPO
HDFC AMC IPO	IndoStar Capital Finance IPO
Varroc Engineering IPO	Lemon Tree Hotels IPO
Fine Organic IPO	ICICI Securities IPO
RITES Limited IPO	Mishra Dhatu Nigam IPO
IndoStar Capital Finance IPO	Sandhar Technologies IPO

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