SBFC Finance IPO vs Utkarsh Small Finance Bank IPO

Comparision between SBFC Finance IPO and Utkarsh Small Finance Bank IPO.

IPO Details

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

	SBFC Finance IPO	Utkarsh Small Finance 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	ICICI Securities Limited Axis Capital Limited Kotak Mahindra Capital Company Limited	ICICI Securities Limited Kotak Mahindra Capital Company 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 SBFC Finance IPO is up to ₹1,025.00 Cr whereas the issue size of the Utkarsh Small Finance Bank IPO is up to ₹500.00 Cr. The final issue price of SBFC Finance IPO is ₹57.00 per share and of Utkarsh Small Finance Bank IPO is ₹25.00 per share.

	SBFC Finance IPO	Utkarsh Small Finance Bank IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹54.00 per share	₹23.00 per share
Issue Price (Upper)	₹57.00 per share	₹25.00 per share
Issue Price (Final)	₹57.00 per share	₹25.00 per share
Discount (Retail)
Discount (Employee)	₹2.00 per share
Market Lot Size	260 shares	600 shares
Fresh Issue Size		20,00,00,000 shares
Fresh Issue Size (Amount)	up to ₹600.00 Cr	up to ₹500.00 Cr
OFS Issue Size
OFS Issue Size (Amount)	up to ₹425.00 Cr
Issue Size Total		20,00,00,000 shares
Issue Size Total (Amount)	up to ₹1,025.00 Cr	up to ₹500.00 Cr

IPO Timetable

SBFC Finance IPO opens on Aug 03, 2023, while Utkarsh Small Finance Bank IPO opens on Jul 12, 2023. The closing date of SBFC Finance IPO and Utkarsh Small Finance Bank IPO is Aug 07, 2023, and Jul 14, 2023, respectively.

	SBFC Finance IPO	Utkarsh Small Finance Bank IPO
Anchor Bid Date	Aug 02, 2023	Jul 11, 2023
Issue Open	Aug 03, 2023	Jul 12, 2023
Issue Close	Aug 07, 2023	Jul 14, 2023
Basis Of Allotment (Tentative)	Aug 10, 2023	Jul 19, 2023
Initiation of Refunds (Tentative)	Aug 11, 2023	Jul 20, 2023
Credit of Share (Tentative)	Aug 14, 2023	Jul 21, 2023
Listing date (Tentative)	Aug 16, 2023	Jul 21, 2023
Anchor Lockin End date 1	Sep 09, 2023	Aug 18, 2023
Anchor Lockin End date 2	Nov 08, 2023	Oct 17, 2023

Financials

SBFC Finance IPO P/E ratio is 40.42, as compared to Utkarsh Small Finance Bank IPO P/E ratio of 6.78.

SBFC Finance IPO

Utkarsh Small Finance Bank IPO

Financial

SBFC Finance IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	4,207.99	4,231.19	4,515.03	5,746.44
Revenue	444.85	511.53	530.70	740.36
Profit After Tax	35.50	85.01	64.52	149.74
Net Worth	752.09	944.72	1,026.78	1,466.88
Reserves and Surplus
Total Borrowing	3,056.38	2,772.55	2,948.82	3,745.83

Amount in ₹ Crore

Utkarsh Small Finance Bank IPO Financial Information (Restated)
Period Ended	31 Mar 2020	31 Mar 2021	31 Mar 2022	31 Mar 2023
Assets	9,404.32	12,137.91	15,063.77	19,117.54
Revenue	1,406.18	1,705.84	2,033.65	2,804.29
Profit After Tax	186.74	111.82	61.46	404.50
Net Worth	1,019.50	1,368.35	1,572.30	2,000.32
Reserves and Surplus	260.23	520.02	676.78	1,104.42
Total Borrowing	2,675.04	2,607.83	2,571.94	2,349.48

Amount in ₹ Crore

Promoter Shareholding (Pre-Issue)

78.83%

84.75%

Promoter Shareholding (Post-Issue)

64.03%

69.28%

P/E Ratio

40.42

6.78

Market Cap

₹6065.78 Cr.

₹2739.76 Cr.

ROE

9.93%%

22.64%%

ROCE

Debt/Equity

2.2

8.03

EPS

₹1.25

₹4.52

RoNW

7.97%%

20.22%%

Shares Offered

In the SBFC Finance IPO retail investors (RII) are offered 6,23,09,210 shares while in Utkarsh Small Finance Bank IPO retail investors are offered 6,23,09,210 shares. Qualified institutional buyers (QIB) are offered 3,56,05,261 shares in SBFC Finance IPO and 5,94,00,000 shares in Utkarsh Small Finance Bank IPO.

	SBFC Finance IPO	Utkarsh Small Finance Bank IPO
Anchor Investor Reserveration	5,34,07,893 shares	8,91,00,000 shares
Market Maker Reserveration
QIB	3,56,05,261 shares	5,94,00,000 shares
NII	2,67,03,948 shares	2,97,00,000 shares
RII	6,23,09,210 shares	1,98,00,000 shares
Employee	18,63,636 shares	20,00,000 shares
Others
Total	12,64,82,055 shares	11,09,00,000 shares

Bids Received (Subscription)

SBFC Finance IPO subscribed 74.06x in total, whereas Utkarsh Small Finance Bank IPO subscribed 110.77x.

	SBFC Finance IPO	Utkarsh Small Finance Bank IPO
QIB (times)	203.61x	135.71x
NII (times)	51.82x	88.74x
Big NII (times)	56.69x	91.83x
Small NII (times)	42.07x	82.57x
RII (times)	11.60x	78.38x
Employee (times)	6.21x	18.02x
Other (times)
Total (times)	74.06x	110.77x

Compare with others

SBFC Finance IPO	Utkarsh Small Finance Bank IPO
Aeroflex Industries IPO	TVS Supply Chain Solutions IPO
Pyramid Technoplast IPO	Concord Biotech IPO
India Shelter Finance IPO	SBFC Finance IPO
TVS Supply Chain Solutions IPO	Yatharth Hospital IPO
Concord Biotech IPO	Netweb Technologies India IPO
Yatharth Hospital IPO	Senco Gold IPO
Netweb Technologies India IPO	Cyient DLM IPO
Utkarsh Small Finance Bank IPO	ideaForge Technology IPO
Senco Gold IPO	HMA Agro Industries IPO
Cyient DLM IPO	IKIO Lighting IPO

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