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CreditAccess Grameen IPO vs TCNS Clothing IPO

Comparision between CreditAccess Grameen IPO and TCNS Clothing IPO.

IPO Details

CreditAccess Grameen 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.

Issue Size and Price

The total issue size of CreditAccess Grameen IPO is up to ₹1,131.19 Cr whereas the issue size of the TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

  CreditAccess Grameen IPO TCNS Clothing IPO
Face Value ₹10 per share ₹2 per share
Issue Price (Lower) ₹418.00 per share ₹714.00 per share
Issue Price (Upper) ₹422.00 per share ₹716.00 per share
Issue Price (Final) ₹422.00 per share ₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 35 shares 20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size 1,57,14,038 shares
OFS Issue Size (Amount)
Issue Size Total 2,68,05,394 shares 1,57,14,038 shares
Issue Size Total (Amount) up to ₹1,131.19 Cr up to ₹1,125.13 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while TCNS Clothing IPO opens on Jul 18, 2018. The closing date of CreditAccess Grameen IPO and TCNS Clothing IPO is Aug 10, 2018, and Jul 20, 2018, respectively.

  CreditAccess Grameen IPO TCNS Clothing IPO
Anchor Bid Date
Issue Open Aug 08, 2018 Jul 18, 2018
Issue Close Aug 10, 2018 Jul 20, 2018
Basis Of Allotment (Tentative) Aug 16, 2018 Jul 25, 2018
Initiation of Refunds (Tentative) Aug 20, 2018 Jul 26, 2018
Credit of Share (Tentative) Aug 21, 2018 Jul 27, 2018
Listing date (Tentative) Aug 23, 2018 Jul 30, 2018
Anchor Lockin End date 1 Sep 15, 2018 Aug 24, 2018
Anchor Lockin End date 2 Nov 14, 2018 Oct 23, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

  CreditAccess Grameen IPO TCNS Clothing IPO
Financial
Summary of financial Information (Restated)
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 52,183.48 35,640.72 28,079.76 17,268.09 10,580.80
Total Revenue 8,752.05 7,092.61 4,667.19 2,814.28 1,478.29
Profit After Tax 1,246.41 802.98 832.41 487.32 166.26
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 CreditAccess Grameen IPO retail investors (RII) are offered 94,31,890 shares while in TCNS Clothing IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 34,12,808 shares in TCNS Clothing IPO.

  CreditAccess Grameen IPO TCNS Clothing IPO
Anchor Investor Reserveration 47,14,210 shares
Market Maker Reserveration
QIB 53,55,555 shares 34,12,808 shares
NII 40,42,239 shares 23,57,106 shares
RII 94,31,890 shares 54,99,914 shares
Employee 0 shares 0 shares
Others
Total 1,88,29,684 shares 1,12,69,828 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas TCNS Clothing IPO subscribed 5.22x.

  CreditAccess Grameen IPO TCNS Clothing IPO
QIB (times) 5.52x 13.47x
NII (times) 0.98x 5.08x
Big NII (times)
Small NII (times)
RII (times) 0.87x 0.57x
Employee (times)
Other (times)
Total (times) 2.22x 5.22x

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