Avanse Financial Services IPO vs Suraksha Diagnostic IPO

Comparision between Avanse Financial Services IPO and Suraksha Diagnostic IPO.

IPO Details

Avanse Financial Services IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suraksha Diagnostic IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Avanse Financial Services IPO	Suraksha Diagnostic 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	Kotak Mahindra Capital Company Limited Avendus Capital Pvt Ltd J.P. Morgan India Private Limited Nomura Financial Advisory And Securities (India) Pvt Ltd Nuvama Wealth Management Limited SBI Capital Markets Limited	ICICI Securities Limited Nuvama Wealth Management Limited SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor
IPO Allotment URL

Issue Size and Price

The total issue size of Avanse Financial Services IPO is up to ₹3,500.00 Cr whereas the issue size of the Suraksha Diagnostic IPO is up to ₹846.25 Cr. The final issue price of Avanse Financial Services IPO is and of Suraksha Diagnostic IPO is .

	Avanse Financial Services IPO	Suraksha Diagnostic IPO
Face Value	₹5 per share	₹2 per share
Issue Price (Lower)		₹420.00 per share
Issue Price (Upper)		₹441.00 per share
Issue Price (Final)
Discount (Retail)
Discount (Employee)
Market Lot Size		34 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr
OFS Issue Size		1,91,89,330 shares
OFS Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹846.25 Cr
Issue Size Total		1,91,89,330 shares
Issue Size Total (Amount)	up to ₹3,500.00 Cr	up to ₹846.25 Cr

IPO Timetable

Avanse Financial Services IPO opens on , while Suraksha Diagnostic IPO opens on Nov 29, 2024. The closing date of Avanse Financial Services IPO and Suraksha Diagnostic IPO is , and Dec 03, 2024, respectively.

	Avanse Financial Services IPO	Suraksha Diagnostic IPO
Anchor Bid Date		Nov 28, 2024
Issue Open		Nov 29, 2024
Issue Close		Dec 03, 2024
Basis Of Allotment (Tentative)		Dec 04, 2024
Initiation of Refunds (Tentative)		Dec 05, 2024
Credit of Share (Tentative)		Dec 05, 2024
Listing date (Tentative)		Dec 06, 2024
Anchor Lockin End date 1		Jan 03, 2025
Anchor Lockin End date 2		Mar 04, 2025

Financials

Avanse Financial Services IPO P/E ratio is , as compared to Suraksha Diagnostic IPO P/E ratio of 99.31.

Avanse Financial Services IPO

Suraksha Diagnostic IPO

Financial

Avanse Financial Services Limited Financial Information (Restated Consolidated)

Avanse Financial Services Limited's revenue increased by 75% and profit after tax (PAT) rose by 117% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	31 Mar 2024	31 Mar 2023
Assets	14,343.84	9,729.95
Revenue	1,728.81	990.23
Profit After Tax	342.4	157.71
Net Worth	3,676.72	2,149.72
Reserves and Surplus	3,560.38	2,040.73
Total Borrowing	10,135.25	7,210.13
Amount in ₹ Crore

Suraksha Diagnostic Limited Financial Information (Restated Consolidated)

Suraksha Diagnostic Limited's revenue increased by 14.75% and profit after tax (PAT) rose by 281.32% between the financial year ending with March 31, 2024 and March 31, 2023.

Period Ended	30 Jun 2024	31 Mar 2024	31 Mar 2023	31 Mar 2022
Assets	314.20	300.21	281.20	275.96
Revenue	61.85	222.26	193.69	225.77
Profit After Tax	7.67	23.13	6.07	20.82
Net Worth	187.05	179.41	155.93	145.84
Reserves and Surplus	176.80	170.88	147.40	137.31
Total Borrowing	7.57	8.64	14.01	19.03
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

58.38%

61.07%

Promoter Shareholding (Post-Issue)

P/E Ratio

99.31

Market Cap

ROE

14.09%%

ROCE

21.46%%

Debt/Equity

0.2

EPS

₹4.44

RoNW

14.09%%

Shares Offered

In the Avanse Financial Services IPO retail investors (RII) are offered while in Suraksha Diagnostic IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Avanse Financial Services IPO and in Suraksha Diagnostic IPO.

	Avanse Financial Services IPO	Suraksha Diagnostic IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB
NII
RII
Employee
Others
Total

Bids Received (Subscription)

Avanse Financial Services IPO subscribed in total, whereas Suraksha Diagnostic IPO subscribed .

	Avanse Financial Services IPO	Suraksha Diagnostic IPO
QIB (times)
NII (times)
Big NII (times)
Small NII (times)
RII (times)
Employee (times)
Other (times)
Total (times)

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