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CreditAccess Grameen IPO vs Varroc Engineering IPO

Comparision between CreditAccess Grameen IPO and Varroc Engineering IPO.

IPO Details

CreditAccess Grameen IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varroc Engineering 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 Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of CreditAccess Grameen IPO is ₹422.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

  CreditAccess Grameen IPO Varroc Engineering IPO
Face Value ₹10 per share ₹1 per share
Issue Price (Lower) ₹418.00 per share ₹965.00 per share
Issue Price (Upper) ₹422.00 per share ₹967.00 per share
Issue Price (Final) ₹422.00 per share ₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size 35 shares 15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 2,68,05,394 shares 2,01,21,730 shares
Issue Size Total (Amount) up to ₹1,131.19 Cr up to ₹1,945.77 Cr

IPO Timetable

CreditAccess Grameen IPO opens on Aug 08, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of CreditAccess Grameen IPO and Varroc Engineering IPO is Aug 10, 2018, and Jun 28, 2018, respectively.

  CreditAccess Grameen IPO Varroc Engineering IPO
Anchor Bid Date
Issue Open Aug 08, 2018 Jun 26, 2018
Issue Close Aug 10, 2018 Jun 28, 2018
Basis Of Allotment (Tentative) Aug 16, 2018 Jul 03, 2018
Initiation of Refunds (Tentative) Aug 20, 2018 Jul 04, 2018
Credit of Share (Tentative) Aug 21, 2018 Jul 05, 2018
Listing date (Tentative) Aug 23, 2018 Jul 06, 2018
Anchor Lockin End date 1 Sep 15, 2018 Aug 02, 2018
Anchor Lockin End date 2 Nov 14, 2018 Oct 01, 2018

Financials

CreditAccess Grameen IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

  CreditAccess Grameen IPO Varroc Engineering 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)
Particulars For the year/period ended (in Rs. Million)
31-Mar-18 31-Mar-17 31-Mar-16 31-Mar-15
Total Assets 68,523.92 58,603.80 52,458.55 44,284.68
Total Revenue 104,170.67 97,022.69 82,395.20 70,384.64
Profit After Tax 4,507.77 3,033.89 3,698.23 168.09
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 Varroc Engineering IPO retail investors are offered 94,31,890 shares. Qualified institutional buyers (QIB) are offered 53,55,555 shares in CreditAccess Grameen IPO and 40,24,346 shares in Varroc Engineering IPO.

  CreditAccess Grameen IPO Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 53,55,555 shares 40,24,346 shares
NII 40,42,239 shares 30,18,260 shares
RII 94,31,890 shares 70,42,606 shares
Employee 0 shares 1,00,000 shares
Others
Total 1,88,29,684 shares 1,41,85,212 shares

Bids Received (Subscription)

CreditAccess Grameen IPO subscribed 2.22x in total, whereas Varroc Engineering IPO subscribed 3.54x.

  CreditAccess Grameen IPO Varroc Engineering IPO
QIB (times) 5.52x 9.15x
NII (times) 0.98x 2.45x
Big NII (times)
Small NII (times)
RII (times) 0.87x 0.84x
Employee (times) 0.63x
Other (times)
Total (times) 2.22x 3.54x

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