Avanse Financial Services IPO vs Swiggy IPO

Comparision between Avanse Financial Services IPO and Swiggy IPO.

IPO Details

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

	Avanse Financial Services IPO	Swiggy 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	Kotak Mahindra Capital Company Limited Citigroup Global Markets India Private Limited Jefferies India Private Limited Avendus Capital Pvt Ltd J.P. Morgan India Private Limited Bofa Securities India Limited ICICI Securities Limited
Registrar	Link Intime India Private Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP		RHP
Anchor Investor		Anchor Investor
IPO Allotment URL		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 Swiggy IPO is up to ₹11,327.43 Cr. The final issue price of Avanse Financial Services IPO is and of Swiggy IPO is ₹390.00 per share.

	Avanse Financial Services IPO	Swiggy IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)		₹371.00 per share
Issue Price (Upper)		₹390.00 per share
Issue Price (Final)		₹390.00 per share
Discount (Retail)
Discount (Employee)		₹25.00 per share
Market Lot Size		38 shares
Fresh Issue Size		11,53,58,974 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹4,499.00 Cr
OFS Issue Size		17,50,87,863 shares
OFS Issue Size (Amount)	up to ₹2,500.00 Cr	up to ₹6,828.43 Cr
Issue Size Total		29,04,46,837 shares
Issue Size Total (Amount)	up to ₹3,500.00 Cr	up to ₹11,327.43 Cr

IPO Timetable

Avanse Financial Services IPO opens on , while Swiggy IPO opens on Nov 06, 2024. The closing date of Avanse Financial Services IPO and Swiggy IPO is , and Nov 08, 2024, respectively.

	Avanse Financial Services IPO	Swiggy IPO
Anchor Bid Date		Nov 05, 2024
Issue Open		Nov 06, 2024
Issue Close		Nov 08, 2024
Basis Of Allotment (Tentative)		Nov 11, 2024
Initiation of Refunds (Tentative)		Nov 12, 2024
Credit of Share (Tentative)		Nov 12, 2024
Listing date (Tentative)		Nov 13, 2024
Anchor Lockin End date 1		Dec 10, 2024
Anchor Lockin End date 2		Feb 08, 2025

Financials

Avanse Financial Services IPO P/E ratio is , as compared to Swiggy IPO P/E ratio of -35.23.

Avanse Financial Services IPO

Swiggy 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

Swiggy Limited Financial Information (Restated Consolidated)

Swiggy Limited's revenue increased by 34% and profit after tax (PAT) rose by 44% 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	10,341.24	10,529.42	11,280.65	14,405.74
Revenue	3,310.11	11,634.35	8,714.45	6,119.78
Profit After Tax	-611.01	-2,350.24	-4,179.31	-3,628.9
Net Worth	7,444.99	7,791.46	9,056.61	12,266.91
Reserves and Surplus	-7,750.85	-7,880.85	-6,510.34	-3,311.1
Total Borrowing	256.61	211.19
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

58.38%

63.56%

Promoter Shareholding (Post-Issue)

52.97%

P/E Ratio

-35.23

Market Cap

₹87298.60 Cr.

ROE

ROCE

Debt/Equity

EPS

₹-11.07

RoNW

-8.21%%

Shares Offered

In the Avanse Financial Services IPO retail investors (RII) are offered while in Swiggy IPO retail investors are offered . Qualified institutional buyers (QIB) are offered in Avanse Financial Services IPO and 8,69,23,475 shares in Swiggy IPO.

	Avanse Financial Services IPO	Swiggy IPO
Anchor Investor Reserveration		13,03,85,211 shares
Market Maker Reserveration
QIB		8,69,23,475 shares
NII		4,34,61,737 shares
RII		2,89,74,491 shares
Employee		7,50,000 shares
Others
Total		16,01,09,703 shares

Bids Received (Subscription)

Avanse Financial Services IPO subscribed in total, whereas Swiggy IPO subscribed 3.59x.

	Avanse Financial Services IPO	Swiggy IPO
QIB (times)		6.02x
NII (times)		0.41x
Big NII (times)		0.37x
Small NII (times)		0.50x
RII (times)		1.14x
Employee (times)		1.65x
Other (times)
Total (times)		3.59x

Compare with others

Avanse Financial Services IPO	Swiggy IPO
Enviro Infra Engineers IPO	Avanse Financial Services IPO
BlackBuck IPO	NTPC Green Energy IPO
NTPC Green Energy IPO	Niva Bupa Health Insurance IPO
Niva Bupa Health Insurance IPO	Sagility India IPO
Sagility India IPO	ACME Solar Holdings IPO
ACME Solar Holdings IPO	Godavari Biorefineries IPO
Swiggy IPO	Deepak Builders & Engineers IPO
	Waaree Energies IPO
	Garuda Construction and Engineering IPO
	Afcons Infrastructure IPO

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