SBI Cards IPO vs Ujjivan Bank IPO

Comparision between SBI Cards IPO and Ujjivan Bank IPO.

IPO Details

SBI Cards IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Ujjivan Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	SBI Cards IPO	Ujjivan Bank 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	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	Iifl Securities Ltd Jm Financial Limited Kotak Mahindra Capital Company 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 SBI Cards IPO is up to ₹10,354.77 Cr whereas the issue size of the Ujjivan Bank IPO is up to ₹750.00 Cr. The final issue price of SBI Cards IPO is ₹755.00 per share and of Ujjivan Bank IPO is ₹37.00 per share.

	SBI Cards IPO	Ujjivan Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹750.00 per share	₹36.00 per share
Issue Price (Upper)	₹755.00 per share	₹37.00 per share
Issue Price (Final)	₹755.00 per share	₹37.00 per share
Discount (Retail)
Discount (Employee)	₹75.00 per share
Market Lot Size	19 shares	400 shares
Fresh Issue Size	66,22,517 shares
Fresh Issue Size (Amount)	up to ₹500.00 Cr
OFS Issue Size	13,05,26,798 shares
OFS Issue Size (Amount)	up to ₹9,854.77 Cr
Issue Size Total	13,71,93,464 shares	20,83,33,333 shares
Issue Size Total (Amount)	up to ₹10,354.77 Cr	up to ₹750.00 Cr

IPO Timetable

SBI Cards IPO opens on Mar 02, 2020, while Ujjivan Bank IPO opens on Dec 02, 2019. The closing date of SBI Cards IPO and Ujjivan Bank IPO is Mar 05, 2020, and Dec 04, 2019, respectively.

	SBI Cards IPO	Ujjivan Bank IPO
Anchor Bid Date
Issue Open	Mar 02, 2020	Dec 02, 2019
Issue Close	Mar 05, 2020	Dec 04, 2019
Basis Of Allotment (Tentative)	Mar 11, 2020	Dec 09, 2019
Initiation of Refunds (Tentative)	Mar 12, 2020	Dec 10, 2019
Credit of Share (Tentative)	Mar 13, 2020	Dec 11, 2019
Listing date (Tentative)	Mar 16, 2020	Dec 12, 2019
Anchor Lockin End date 1	Apr 10, 2020	Jan 08, 2020
Anchor Lockin End date 2	Jun 09, 2020	Mar 08, 2020

Financials

SBI Cards IPO P/E ratio is 45.8, as compared to Ujjivan Bank IPO P/E ratio of .

SBI Cards IPO

Ujjivan Bank IPO

Financial

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

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Sept-19	31-Mar-19	31-Mar-18
Total Assets	1,61,078.96	137,422.15	94,728.73
Total Revenue	14,348.57	20,375.75	15,793.55
Profit After Tax	1,871.10	1,992.18	68.63

Promoter Shareholding (Pre-Issue)

74%

94.40%

Promoter Shareholding (Post-Issue)

69.51%

83.32%

P/E Ratio

45.8

Market Cap

₹70890.00 Cr.

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the SBI Cards IPO retail investors (RII) are offered 4,27,96,641 shares while in Ujjivan Bank IPO retail investors are offered 4,27,96,641 shares. Qualified institutional buyers (QIB) are offered 2,42,24,003 shares in SBI Cards IPO and 5,62,50,000 shares in Ujjivan Bank IPO.

	SBI Cards IPO	Ujjivan Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,42,24,003 shares	5,62,50,000 shares
NII	1,83,41,418 shares	2,81,25,000 shares
RII	4,27,96,641 shares	1,87,50,000 shares
Employee	18,64,669 shares	0 shares
Others
Total	10,02,79,411 shares	12,39,58,333 shares

Bids Received (Subscription)

SBI Cards IPO subscribed 26.54x in total, whereas Ujjivan Bank IPO subscribed 165.66x.

	SBI Cards IPO	Ujjivan Bank IPO
QIB (times)	57.18x	110.72x
NII (times)	45.23x	473.00x
Big NII (times)
Small NII (times)
RII (times)	2.50x	48.97x
Employee (times)	4.74x
Other (times)	25.36x	4.13x
Total (times)	26.54x	165.66x

Compare with others

SBI Cards IPO	Ujjivan Bank IPO
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
Prince Pipes IPO	SBI Cards IPO
Ujjivan Bank IPO	CSB Bank IPO
CSB Bank IPO	IRCTC IPO
IRCTC IPO	Vishwaraj IPO
Vishwaraj IPO	Sterling and Wilson IPO
Sterling and Wilson IPO	Spandana Sphoorty IPO

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