RateGain IPO vs Shriram Properties IPO

Comparision between RateGain IPO and Shriram Properties IPO.

IPO Details

RateGain IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Shriram Properties IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	RateGain IPO	Shriram Properties 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	Iifl Securities Ltd Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
Registrar	Kfin Technologies Limited	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor	Anchor Investor	Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of RateGain IPO is up to ₹1,335.74 Cr whereas the issue size of the Shriram Properties IPO is up to ₹600.00 Cr. The final issue price of RateGain IPO is ₹425.00 per share and of Shriram Properties IPO is ₹118.00 per share.

	RateGain IPO	Shriram Properties IPO
Face Value	₹1 per share	₹10 per share
Issue Price (Lower)	₹405.00 per share	₹113.00 per share
Issue Price (Upper)	₹425.00 per share	₹118.00 per share
Issue Price (Final)	₹425.00 per share	₹118.00 per share
Discount (Retail)
Discount (Employee)	₹40.00 per share	₹11.00 per share
Market Lot Size	35 shares	125 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹375.00 Cr	up to ₹250.00 Cr
OFS Issue Size	2,26,05,530 shares
OFS Issue Size (Amount)	up to ₹960.74 Cr	up to ₹350.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,335.74 Cr	up to ₹600.00 Cr

IPO Timetable

RateGain IPO opens on Dec 07, 2021, while Shriram Properties IPO opens on Dec 08, 2021. The closing date of RateGain IPO and Shriram Properties IPO is Dec 09, 2021, and Dec 10, 2021, respectively.

	RateGain IPO	Shriram Properties IPO
Anchor Bid Date
Issue Open	Dec 07, 2021	Dec 08, 2021
Issue Close	Dec 09, 2021	Dec 10, 2021
Basis Of Allotment (Tentative)	Dec 14, 2021	Dec 15, 2021
Initiation of Refunds (Tentative)	Dec 15, 2021	Dec 16, 2021
Credit of Share (Tentative)	Dec 16, 2021	Dec 17, 2021
Listing date (Tentative)	Dec 17, 2021	Dec 20, 2021
Anchor Lockin End date 1	Jan 13, 2022	Jan 14, 2022
Anchor Lockin End date 2	Mar 14, 2022	Mar 15, 2022

Financials

RateGain IPO P/E ratio is , as compared to Shriram Properties IPO P/E ratio of .

RateGain IPO

Shriram Properties IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (₹ in Millions)
	31-Aug-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,281.89	4,398.04	3,971.08	2,849.02
Total Revenue	1,312.23	2,640.91	4,576.13	2,727.00
Profit After Tax	- 83.37	- 285.75	- 201.04	110.34

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Sep-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	32,933.63	32,994.87	34,173.03	33,656.31
Total Revenue	1,551.50	5,013.08	6,318.43	7,237.80
Profit After Tax	- 600.33	- 681.78	- 863.93	487.91

Promoter Shareholding (Pre-Issue)

67.29%

32%

Promoter Shareholding (Post-Issue)

56.72%

28%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the RateGain IPO retail investors (RII) are offered 31,31,141 shares while in Shriram Properties IPO retail investors are offered 31,31,141 shares. Qualified institutional buyers (QIB) are offered 93,93,424 shares in RateGain IPO and 1,58,49,559 shares in Shriram Properties IPO.

	RateGain IPO	Shriram Properties IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	93,93,424 shares	1,58,49,559 shares
NII	46,96,711 shares	79,24,778 shares
RII	31,31,141 shares	52,83,185 shares
Employee	1,29,870 shares	2,94,117 shares
Others
Total	1,73,51,146 shares	2,93,51,639 shares

Bids Received (Subscription)

RateGain IPO subscribed 17.41x in total, whereas Shriram Properties IPO subscribed 4.60x.

	RateGain IPO	Shriram Properties IPO
QIB (times)	8.42x	1.85x
NII (times)	42.04x	4.82x
Big NII (times)
Small NII (times)
RII (times)	8.08x	12.72x
Employee (times)	1.37x	1.25x
Other (times)
Total (times)	17.41x	4.60x

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