Fino Payments Bank IPO vs SJS Enterprises IPO

Comparision between Fino Payments Bank IPO and SJS Enterprises IPO.

IPO Details

Fino Payments Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while SJS Enterprises IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fino Payments Bank IPO	SJS Enterprises 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 Clsa India Private Limited ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Axis Capital Limited Edelweiss Financial Services Ltd Iifl Securities Ltd
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 Fino Payments Bank IPO is up to ₹1,200.29 Cr whereas the issue size of the SJS Enterprises IPO is up to ₹800.00 Cr. The final issue price of Fino Payments Bank IPO is ₹577.00 per share and of SJS Enterprises IPO is ₹542.00 per share.

	Fino Payments Bank IPO	SJS Enterprises IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹560.00 per share	₹531.00 per share
Issue Price (Upper)	₹577.00 per share	₹542.00 per share
Issue Price (Final)	₹577.00 per share	₹542.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	25 shares	27 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr
OFS Issue Size	1,56,02,999 shares
OFS Issue Size (Amount)	up to ₹900.29 Cr	up to ₹800.00 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹1,200.29 Cr	up to ₹800.00 Cr

IPO Timetable

Fino Payments Bank IPO opens on Oct 29, 2021, while SJS Enterprises IPO opens on Nov 01, 2021. The closing date of Fino Payments Bank IPO and SJS Enterprises IPO is Nov 02, 2021, and Nov 03, 2021, respectively.

	Fino Payments Bank IPO	SJS Enterprises IPO
Anchor Bid Date
Issue Open	Oct 29, 2021	Nov 01, 2021
Issue Close	Nov 02, 2021	Nov 03, 2021
Basis Of Allotment (Tentative)	Nov 09, 2021	Nov 10, 2021
Initiation of Refunds (Tentative)	Nov 10, 2021	Nov 11, 2021
Credit of Share (Tentative)	Nov 11, 2021	Nov 12, 2021
Listing date (Tentative)	Nov 12, 2021	Nov 15, 2021
Anchor Lockin End date 1	Dec 09, 2021	Dec 10, 2021
Anchor Lockin End date 2	Feb 07, 2022	Feb 08, 2022

Financials

Fino Payments Bank IPO P/E ratio is , as compared to SJS Enterprises IPO P/E ratio of .

Fino Payments Bank IPO

SJS Enterprises IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-March-21	31-Mar-20	31-Mar-19
Total Assets	10,102.91	6,240.01	6,840.72
Total Revenue	7,910.27	6,913.97	3,711.21
Profit After Tax	204.74	(320.36)	(623.84)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-Jun-21	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	4,162.36	3,835.44	3,322.55	3,040.49
Total Revenue	752.94	2,551.54	2,212.73	2,407.63
Profit After Tax	94.96	477.65	412.85	376.01

Promoter Shareholding (Pre-Issue)

100%

98.86%

Promoter Shareholding (Post-Issue)

75%

50.37%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fino Payments Bank IPO retail investors (RII) are offered 20,75,031 shares while in SJS Enterprises IPO retail investors are offered 20,75,031 shares. Qualified institutional buyers (QIB) are offered 62,25,094 shares in Fino Payments Bank IPO and 30,13,183 shares in SJS Enterprises IPO.

	Fino Payments Bank IPO	SJS Enterprises IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	62,25,094 shares	30,13,183 shares
NII	31,12,546 shares	22,59,887 shares
RII	20,75,031 shares	52,73,070 shares
Employee	51,993 shares	0 shares
Others
Total	1,14,64,664 shares	1,05,46,140 shares

Bids Received (Subscription)

Fino Payments Bank IPO subscribed 2.03x in total, whereas SJS Enterprises IPO subscribed 1.59x.

	Fino Payments Bank IPO	SJS Enterprises IPO
QIB (times)	1.64x	1.42x
NII (times)	0.21x	2.32x
Big NII (times)
Small NII (times)
RII (times)	5.92x	1.38x
Employee (times)	0.93x
Other (times)
Total (times)	2.03x	1.59x

Compare with others

Fino Payments Bank IPO	SJS Enterprises IPO
Sigachi Industries IPO	Sapphire Foods IPO
Adani Wilmar IPO	Sigachi Industries IPO
PolicyBazaar IPO	Adani Wilmar IPO
Nykaa IPO	PolicyBazaar IPO
SJS Enterprises IPO	Nykaa IPO
Paras Defence and Space Technologies IPO	Fino Payments Bank IPO
Aditya Birla Sun Life AMC IPO	Paras Defence and Space Technologies IPO
Sansera Engineering IPO	Aditya Birla Sun Life AMC IPO
Vijaya Diagnostic IPO	Sansera Engineering IPO
Ami Organics IPO	Vijaya Diagnostic IPO

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