Aadhar Housing Finance IPO vs TBO Tek IPO

Comparision between Aadhar Housing Finance IPO and TBO Tek IPO.

IPO Details

Aadhar Housing Finance IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TBO Tek IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aadhar Housing Finance IPO	TBO Tek 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	ICICI Securities Limited Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	Axis Capital Limited Jefferies India Private Limited Goldman Sachs (India) Securities Private Limited Jm Financial Limited
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 Aadhar Housing Finance IPO is up to ₹3,000.00 Cr whereas the issue size of the TBO Tek IPO is up to ₹1,550.81 Cr. The final issue price of Aadhar Housing Finance IPO is ₹315.00 per share and of TBO Tek IPO is ₹920.00 per share.

	Aadhar Housing Finance IPO	TBO Tek IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹300.00 per share	₹875.00 per share
Issue Price (Upper)	₹315.00 per share	₹920.00 per share
Issue Price (Final)	₹315.00 per share	₹920.00 per share
Discount (Retail)
Discount (Employee)	₹23.00 per share
Market Lot Size	47 shares	16 shares
Fresh Issue Size	3,17,46,032 shares	43,47,826 shares
Fresh Issue Size (Amount)	up to ₹1,000.00 Cr	up to ₹400.00 Cr
OFS Issue Size	6,34,92,063 shares	1,25,08,797 shares
OFS Issue Size (Amount)	up to ₹2,000.00 Cr	up to ₹1,150.81 Cr
Issue Size Total	9,52,38,095 shares	1,68,56,623 shares
Issue Size Total (Amount)	up to ₹3,000.00 Cr	up to ₹1,550.81 Cr

IPO Timetable

Aadhar Housing Finance IPO opens on May 08, 2024, while TBO Tek IPO opens on May 08, 2024. The closing date of Aadhar Housing Finance IPO and TBO Tek IPO is May 10, 2024, and May 10, 2024, respectively.

	Aadhar Housing Finance IPO	TBO Tek IPO
Anchor Bid Date	May 07, 2024	May 07, 2024
Issue Open	May 08, 2024	May 08, 2024
Issue Close	May 10, 2024	May 10, 2024
Basis Of Allotment (Tentative)	May 13, 2024	May 13, 2024
Initiation of Refunds (Tentative)	May 14, 2024	May 14, 2024
Credit of Share (Tentative)	May 14, 2024	May 14, 2024
Listing date (Tentative)	May 15, 2024	May 15, 2024
Anchor Lockin End date 1	Jun 12, 2024	Jun 12, 2024
Anchor Lockin End date 2	Aug 11, 2024	Aug 11, 2024

Financials

Aadhar Housing Finance IPO P/E ratio is 22.8, as compared to TBO Tek IPO P/E ratio of 64.58.

Aadhar Housing Finance IPO

TBO Tek IPO

Financial

Aadhar Housing Finance Limited Financial Information (Restated Consolidated)

Aadhar Housing Finance Limited's revenue increased by 18.22% and profit after tax (PAT) rose by 22.22% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	18,035.57	16,617.87	14,375.81	13,630.33
Revenue	1,895.17	2,043.52	1,728.56	1,575.55
Profit After Tax	547.88	545.34	446.20	340.46
Net Worth	4,249.10	3,697.60	3,146.63	2,692.76
Total Borrowing	13,127.59	12,153.45	10,674.59	10,374.47
Amount in ₹ Crore

TBO Tek Limited Financial Information (Restated Consolidated)

TBO Tek Limited's revenue increased by 112.09% and profit after tax (PAT) rose by 340.4% between the financial year ending with March 31, 2023 and March 31, 2022.

Period Ended	31 Dec 2023	31 Mar 2023	31 Mar 2022	31 Mar 2021
Assets	3,754.05	2,557.93	1,271.43	576.16
Revenue	1,039.56	1,085.77	511.93	176.55
Profit After Tax	154.18	148.49	33.72	-34.14
Net Worth	501.21	337.19	231.90	204.07
Reserves and Surplus	478.43	317.57	214.08	197.58
Total Borrowing	2.93	6.36	2.69
Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

98.72%

51.26%

Promoter Shareholding (Post-Issue)

76.48%

P/E Ratio

22.8

64.58

Market Cap

₹13434.78 Cr.

₹9990.08 Cr.

ROE

18.4%%

ROCE

Debt/Equity

3.1

EPS

₹13.81

₹14.25

RoNW

12.9%%

30.76%

Shares Offered

In the Aadhar Housing Finance IPO retail investors (RII) are offered 3,32,55,556 shares while in TBO Tek IPO retail investors are offered 3,32,55,556 shares. Qualified institutional buyers (QIB) are offered 1,90,03,176 shares in Aadhar Housing Finance IPO and 50,47,204 shares in TBO Tek IPO.

	Aadhar Housing Finance IPO	TBO Tek IPO
Anchor Investor Reserveration	2,85,04,761 shares	75,70,807 shares
Market Maker Reserveration
QIB	1,90,03,176 shares	50,47,204 shares
NII	1,42,52,381 shares	25,23,602 shares
RII	3,32,55,556 shares	16,82,401 shares
Employee	2,39,726 shares	32,609 shares
Others
Total	6,67,50,839 shares	92,85,816 shares

Bids Received (Subscription)

Aadhar Housing Finance IPO subscribed 26.76x in total, whereas TBO Tek IPO subscribed 86.69x.

	Aadhar Housing Finance IPO	TBO Tek IPO
QIB (times)	76.42x	125.51x
NII (times)	17.33x	50.60x
Big NII (times)	18.90x	55.82x
Small NII (times)	14.19x	40.15x
RII (times)	2.58x	25.72x
Employee (times)	6.88x	17.81x
Other (times)
Total (times)	26.76x	86.69x

Compare with others

Aadhar Housing Finance IPO	TBO Tek IPO
DEE Piping Systems IPO	ixigo IPO
ixigo IPO	Kronox Lab Sciences IPO
Kronox Lab Sciences IPO	Awfis Space Solutions IPO
Awfis Space Solutions IPO	Go Digit IPO
Go Digit IPO	Aadhar Housing Finance IPO
TBO Tek IPO	Indegene IPO
Indegene IPO	JNK India IPO
JNK India IPO	VI FPO
VI FPO	Bharti Hexacom IPO
Bharti Hexacom IPO	SRM Contractors IPO

Comments

Add a public comment...