Laxmi Organic IPO vs Suryoday Small Finance Bank IPO

Comparision between Laxmi Organic IPO and Suryoday Small Finance Bank IPO.

IPO Details

Laxmi Organic IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Suryoday Small Finance Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Laxmi Organic IPO	Suryoday Small Finance 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 Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd)	Axis Capital Limited ICICI Securities Limited Iifl Securities Ltd SBI Capital Markets 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 Laxmi Organic IPO is up to ₹600.00 Cr whereas the issue size of the Suryoday Small Finance Bank IPO is up to ₹582.34 Cr. The final issue price of Laxmi Organic IPO is ₹130.00 per share and of Suryoday Small Finance Bank IPO is ₹305.00 per share.

	Laxmi Organic IPO	Suryoday Small Finance Bank IPO
Face Value	₹2 per share	₹10 per share
Issue Price (Lower)	₹129.00 per share	₹303.00 per share
Issue Price (Upper)	₹130.00 per share	₹305.00 per share
Issue Price (Final)	₹130.00 per share	₹305.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	115 shares	49 shares
Fresh Issue Size		81,50,000 shares
Fresh Issue Size (Amount)	up to ₹300.00 Cr	up to ₹248.58 Cr
OFS Issue Size		1,09,43,070 shares
OFS Issue Size (Amount)	up to ₹300.00 Cr	up to ₹333.76 Cr
Issue Size Total		1,90,93,070 shares
Issue Size Total (Amount)	up to ₹600.00 Cr	up to ₹582.34 Cr

IPO Timetable

Laxmi Organic IPO opens on Mar 15, 2021, while Suryoday Small Finance Bank IPO opens on Mar 17, 2021. The closing date of Laxmi Organic IPO and Suryoday Small Finance Bank IPO is Mar 17, 2021, and Mar 19, 2021, respectively.

	Laxmi Organic IPO	Suryoday Small Finance Bank IPO
Anchor Bid Date
Issue Open	Mar 15, 2021	Mar 17, 2021
Issue Close	Mar 17, 2021	Mar 19, 2021
Basis Of Allotment (Tentative)	Mar 22, 2021	Mar 24, 2021
Initiation of Refunds (Tentative)	Mar 23, 2021	Mar 24, 2021
Credit of Share (Tentative)	Mar 24, 2021	Mar 25, 2021
Listing date (Tentative)	Mar 25, 2021	Mar 26, 2021
Anchor Lockin End date 1	Apr 21, 2021	Apr 23, 2021
Anchor Lockin End date 2	Jun 20, 2021	Jun 22, 2021

Financials

Laxmi Organic IPO P/E ratio is , as compared to Suryoday Small Finance Bank IPO P/E ratio of .

Laxmi Organic IPO

Suryoday Small Finance Bank IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	30-Sep-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	10,371.32	10,706.33	10,144.88	8,947.34
Total Revenue	8,143.55	15,386.21	15,743.23	13,960.75
Profit After Tax	454.84	702.12	723.91	756.95

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in millions)
	31-Dec-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	63,504.09	53,645.22	37,612.03	21,559.64
Total Revenue	6,892.73	8,541.38	5,970.29	3,249.26
Profit After Tax	548.66	1,111.98	903.98	114.92

Promoter Shareholding (Pre-Issue)

89.51%

30.35%

Promoter Shareholding (Post-Issue)

72.92%

28.02%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Laxmi Organic IPO retail investors (RII) are offered 1,62,79,070 shares while in Suryoday Small Finance Bank IPO retail investors are offered 1,62,79,070 shares. Qualified institutional buyers (QIB) are offered 93,02,324 shares in Laxmi Organic IPO and 37,18,614 shares in Suryoday Small Finance Bank IPO.

	Laxmi Organic IPO	Suryoday Small Finance Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	93,02,324 shares	37,18,614 shares
NII	69,76,744 shares	27,88,961 shares
RII	1,62,79,070 shares	65,07,575 shares
Employee	0 shares	5,00,000 shares
Others
Total	3,25,58,138 shares	1,35,15,150 shares

Bids Received (Subscription)

Laxmi Organic IPO subscribed 106.81x in total, whereas Suryoday Small Finance Bank IPO subscribed 2.37x.

	Laxmi Organic IPO	Suryoday Small Finance Bank IPO
QIB (times)	175.43x	2.18x
NII (times)	217.62x	1.31x
Big NII (times)
Small NII (times)
RII (times)	20.10x	3.09x
Employee (times)		0.34x
Other (times)
Total (times)	106.81x	2.37x

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Lodha Developers IPO	Sona Comstar IPO
Barbeque Nation IPO	POWERGRID InvIT IPO April 2021
Suryoday Small Finance Bank IPO	Shyam Metalics IPO
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Anupam Rasayan IPO	Barbeque Nation IPO
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Nazara Technologies IPO	Anupam Rasayan IPO
EaseMyTrip IPO	Laxmi Organic IPO
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Heranba Industries IPO	Nazara Technologies IPO

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