Equitas Small Finance Bank IPO vs Ujjivan Bank IPO

Comparision between Equitas Small Finance Bank IPO and Ujjivan Bank IPO.

IPO Details

Equitas Small Finance Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Ujjivan Bank IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Equitas Small Finance Bank IPO	Ujjivan 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	Edelweiss Financial Services Ltd Iifl Securities Ltd Jm Financial Limited	Iifl Securities Ltd Jm Financial Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	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 Equitas Small Finance Bank IPO is up to ₹517.60 Cr whereas the issue size of the Ujjivan Bank IPO is up to ₹750.00 Cr. The final issue price of Equitas Small Finance Bank IPO is ₹33.00 per share and of Ujjivan Bank IPO is ₹37.00 per share.

	Equitas Small Finance Bank IPO	Ujjivan Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹32.00 per share	₹36.00 per share
Issue Price (Upper)	₹33.00 per share	₹37.00 per share
Issue Price (Final)	₹33.00 per share	₹37.00 per share
Discount (Retail)	₹0.00 per share
Discount (Employee)	₹0.00 per share
Market Lot Size	450 shares	400 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹280.00 Cr
OFS Issue Size	7,20,00,000 shares
OFS Issue Size (Amount)	up to ₹237.60 Cr
Issue Size Total		20,83,33,333 shares
Issue Size Total (Amount)	up to ₹517.60 Cr	up to ₹750.00 Cr

IPO Timetable

Equitas Small Finance Bank IPO opens on Oct 20, 2020, while Ujjivan Bank IPO opens on Dec 02, 2019. The closing date of Equitas Small Finance Bank IPO and Ujjivan Bank IPO is Oct 22, 2020, and Dec 04, 2019, respectively.

	Equitas Small Finance Bank IPO	Ujjivan Bank IPO
Anchor Bid Date
Issue Open	Oct 20, 2020	Dec 02, 2019
Issue Close	Oct 22, 2020	Dec 04, 2019
Basis Of Allotment (Tentative)	Oct 27, 2020	Dec 09, 2019
Initiation of Refunds (Tentative)	Oct 28, 2020	Dec 10, 2019
Credit of Share (Tentative)	Oct 29, 2020	Dec 11, 2019
Listing date (Tentative)	Nov 02, 2020	Dec 12, 2019
Anchor Lockin End date 1	Nov 26, 2020	Jan 08, 2020
Anchor Lockin End date 2	Jan 25, 2021	Mar 08, 2020

Financials

Equitas Small Finance Bank IPO P/E ratio is , as compared to Ujjivan Bank IPO P/E ratio of .

Equitas Small Finance Bank IPO

Ujjivan Bank IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Jun-20	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	208,921.39	193,145.47	157,626.91	133,011.50
Total Revenue	7,509.68	29,277.95	23,948.32	17,729.03
Profit After Tax	576.71	2,436.35	2,105.66	318.31

Summary of financial Information (Restated)
Particulars	For the year/period ended (Rs in Million)
	30-Sept-19	31-Mar-19	31-Mar-18
Total Assets	1,61,078.96	137,422.15	94,728.73
Total Revenue	14,348.57	20,375.75	15,793.55
Profit After Tax	1,871.10	1,992.18	68.63

Promoter Shareholding (Pre-Issue)

94.40%

Promoter Shareholding (Post-Issue)

83.32%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Equitas Small Finance Bank IPO retail investors (RII) are offered 5,01,37,500 shares while in Ujjivan Bank IPO retail investors are offered 5,01,37,500 shares. Qualified institutional buyers (QIB) are offered 2,79,75,001 shares in Equitas Small Finance Bank IPO and 5,62,50,000 shares in Ujjivan Bank IPO.

	Equitas Small Finance Bank IPO	Ujjivan Bank IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,79,75,001 shares	5,62,50,000 shares
NII	2,14,87,500 shares	2,81,25,000 shares
RII	5,01,37,500 shares	1,87,50,000 shares
Employee	3,12,500 shares	0 shares
Others
Total	11,58,50,001 shares	12,39,58,333 shares

Bids Received (Subscription)

Equitas Small Finance Bank IPO subscribed 1.95x in total, whereas Ujjivan Bank IPO subscribed 165.66x.

	Equitas Small Finance Bank IPO	Ujjivan Bank IPO
QIB (times)	3.91x	110.72x
NII (times)	0.22x	473.00x
Big NII (times)
Small NII (times)
RII (times)	2.08x	48.97x
Employee (times)	1.84x
Other (times)	0.42x	4.13x
Total (times)	1.95x	165.66x

Compare with others

Equitas Small Finance Bank IPO	Ujjivan Bank IPO
CAMS IPO	Yes Bank FPO
UTI AMC IPO	Rossari Biotech IPO
Mindspace REIT	Equitas Small Finance Bank IPO
Yes Bank FPO	Prince Pipes IPO
Rossari Biotech IPO	SBI Cards IPO
Prince Pipes IPO	CSB Bank IPO
SBI Cards IPO	IRCTC IPO
Ujjivan Bank IPO	Vishwaraj IPO
CSB Bank IPO	Sterling and Wilson IPO
IRCTC IPO	Spandana Sphoorty IPO

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