Aavas Financiers IPO vs TCNS Clothing IPO

Comparision between Aavas Financiers IPO and TCNS Clothing IPO.

IPO Details

Aavas Financiers IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TCNS Clothing IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aavas Financiers IPO	TCNS Clothing 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	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Hdfc Bank Limited ICICI Securities Limited Spark Capital Advisors (India) Private Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company 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 Aavas Financiers IPO is up to ₹1,734.07 Cr whereas the issue size of the TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of Aavas Financiers IPO is ₹821.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

	Aavas Financiers IPO	TCNS Clothing IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹818.00 per share	₹714.00 per share
Issue Price (Upper)	₹821.00 per share	₹716.00 per share
Issue Price (Final)	₹821.00 per share	₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	18 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹400.00 Cr
OFS Issue Size	1,62,49,359 shares	1,57,14,038 shares
OFS Issue Size (Amount)
Issue Size Total	2,11,21,437 shares	1,57,14,038 shares
Issue Size Total (Amount)	up to ₹1,734.07 Cr	up to ₹1,125.13 Cr

IPO Timetable

Aavas Financiers IPO opens on Sep 25, 2018, while TCNS Clothing IPO opens on Jul 18, 2018. The closing date of Aavas Financiers IPO and TCNS Clothing IPO is Sep 27, 2018, and Jul 20, 2018, respectively.

	Aavas Financiers IPO	TCNS Clothing IPO
Anchor Bid Date
Issue Open	Sep 25, 2018	Jul 18, 2018
Issue Close	Sep 27, 2018	Jul 20, 2018
Basis Of Allotment (Tentative)	Oct 03, 2018	Jul 25, 2018
Initiation of Refunds (Tentative)	Oct 04, 2018	Jul 26, 2018
Credit of Share (Tentative)	Oct 05, 2018	Jul 27, 2018
Listing date (Tentative)	Oct 08, 2018	Jul 30, 2018
Anchor Lockin End date 1	Nov 02, 2018	Aug 24, 2018
Anchor Lockin End date 2	Jan 01, 2019	Oct 23, 2018

Financials

Aavas Financiers IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

Aavas Financiers IPO

TCNS Clothing IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14
Total Assets	38,174.52	24,506.06	17,107.79	8,523.83	4,179.23
Total Revenue	4,572.45	3,054.92	1,908.99	1,037.55	543.22
Profit After Tax	929.33	571.37	327.80	190.81	63.37

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-18
Total Assets	38,174.01
Total Revenue	4,572.71
Profit After Tax	928.75

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16 (Proforma)
Total Assets	5,763.59	4,258.04	3,087.843
Total Revenue	8,491.57	7,129.73	4,881.35
Profit After Tax	980.97	157.97	(414.96)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Aavas Financiers IPO retail investors (RII) are offered 73,92,514 shares while in TCNS Clothing IPO retail investors are offered 73,92,514 shares. Qualified institutional buyers (QIB) are offered 42,24,293 shares in Aavas Financiers IPO and 34,12,808 shares in TCNS Clothing IPO.

	Aavas Financiers IPO	TCNS Clothing IPO
Anchor Investor Reserveration		47,14,210 shares
Market Maker Reserveration
QIB	42,24,293 shares	34,12,808 shares
NII	31,68,220 shares	23,57,106 shares
RII	73,92,514 shares	54,99,914 shares
Employee	0 shares	0 shares
Others
Total	1,47,85,027 shares	1,12,69,828 shares

Bids Received (Subscription)

Aavas Financiers IPO subscribed 0.97x in total, whereas TCNS Clothing IPO subscribed 5.22x.

	Aavas Financiers IPO	TCNS Clothing IPO
QIB (times)	2.77x	13.47x
NII (times)	0.26x	5.08x
Big NII (times)
Small NII (times)
RII (times)	0.25x	0.57x
Employee (times)
Other (times)
Total (times)	0.97x	5.22x

Compare with others

Aavas Financiers IPO	TCNS Clothing IPO
Polycab IPO	Xelpmoc Design and Tech IPO
Metropolis IPO	Aavas Financiers IPO
Embassy Office Parks	IRCON International IPO
MSTC IPO	Garden Reach Shipbuilders IPO
Xelpmoc Design and Tech IPO	Chalet Hotels Limited IPO
IRCON International IPO	CreditAccess Grameen IPO
Garden Reach Shipbuilders IPO	HDFC AMC IPO
Chalet Hotels Limited IPO	Varroc Engineering IPO
TCNS Clothing IPO	Fine Organic IPO
CreditAccess Grameen IPO	RITES Limited IPO

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