Fino Payments Bank IPO vs Vijaya Diagnostic IPO

Comparision between Fino Payments Bank IPO and Vijaya Diagnostic IPO.

IPO Details

Fino Payments Bank IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Vijaya Diagnostic IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fino Payments Bank IPO	Vijaya Diagnostic 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	Axis Capital Limited Clsa India Private Limited ICICI Securities Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Edelweiss Financial Services Ltd 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
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Fino Payments Bank IPO is up to ₹1,200.29 Cr whereas the issue size of the Vijaya Diagnostic IPO is up to ₹1,895.04 Cr. The final issue price of Fino Payments Bank IPO is ₹577.00 per share and of Vijaya Diagnostic IPO is ₹531.00 per share.

	Fino Payments Bank IPO	Vijaya Diagnostic IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹560.00 per share	₹522.00 per share
Issue Price (Upper)	₹577.00 per share	₹531.00 per share
Issue Price (Final)	₹577.00 per share	₹531.00 per share
Discount (Retail)
Discount (Employee)		₹52.00 per share
Market Lot Size	25 shares	28 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr
OFS Issue Size	1,56,02,999 shares	3,56,88,064 shares
OFS Issue Size (Amount)	up to ₹900.29 Cr	up to ₹1,895.04 Cr
Issue Size Total		3,56,88,064 shares
Issue Size Total (Amount)	up to ₹1,200.29 Cr	up to ₹1,895.04 Cr

IPO Timetable

Fino Payments Bank IPO opens on Oct 29, 2021, while Vijaya Diagnostic IPO opens on Sep 01, 2021. The closing date of Fino Payments Bank IPO and Vijaya Diagnostic IPO is Nov 02, 2021, and Sep 03, 2021, respectively.

	Fino Payments Bank IPO	Vijaya Diagnostic IPO
Anchor Bid Date
Issue Open	Oct 29, 2021	Sep 01, 2021
Issue Close	Nov 02, 2021	Sep 03, 2021
Basis Of Allotment (Tentative)	Nov 09, 2021	Sep 08, 2021
Initiation of Refunds (Tentative)	Nov 10, 2021	Sep 09, 2021
Credit of Share (Tentative)	Nov 11, 2021	Sep 13, 2021
Listing date (Tentative)	Nov 12, 2021	Sep 14, 2021
Anchor Lockin End date 1	Dec 09, 2021	Oct 08, 2021
Anchor Lockin End date 2	Feb 07, 2022	Dec 07, 2021

Financials

Fino Payments Bank IPO P/E ratio is , as compared to Vijaya Diagnostic IPO P/E ratio of .

Fino Payments Bank IPO

Vijaya Diagnostic IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in Millions)
	30-March-21	31-Mar-20	31-Mar-19
Total Assets	10,102.91	6,240.01	6,840.72
Total Revenue	7,910.27	6,913.97	3,711.21
Profit After Tax	204.74	(320.36)	(623.84)

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (₹ in million)
	31-Mar-21	31-Mar-20	31-Mar-19
Total Assets	5,409.40	4,822.56	4,064.30
Total Revenue	3,885.93	3,541.82	3,029.44
Profit After Tax	849.11	625.07	462.72

Promoter Shareholding (Pre-Issue)

100%

59.78%

Promoter Shareholding (Post-Issue)

75%

54.78%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fino Payments Bank IPO retail investors (RII) are offered 20,75,031 shares while in Vijaya Diagnostic IPO retail investors are offered 20,75,031 shares. Qualified institutional buyers (QIB) are offered 62,25,094 shares in Fino Payments Bank IPO and 71,07,613 shares in Vijaya Diagnostic IPO.

	Fino Payments Bank IPO	Vijaya Diagnostic IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	62,25,094 shares	71,07,613 shares
NII	31,12,546 shares	53,30,710 shares
RII	20,75,031 shares	1,24,38,323 shares
Employee	51,993 shares	1,50,000 shares
Others
Total	1,14,64,664 shares	2,50,26,646 shares

Bids Received (Subscription)

Fino Payments Bank IPO subscribed 2.03x in total, whereas Vijaya Diagnostic IPO subscribed 4.54x.

	Fino Payments Bank IPO	Vijaya Diagnostic IPO
QIB (times)	1.64x	13.07x
NII (times)	0.21x	1.32x
Big NII (times)
Small NII (times)
RII (times)	5.92x	1.09x
Employee (times)	0.93x	0.98x
Other (times)
Total (times)	2.03x	4.54x

Compare with others

Fino Payments Bank IPO	Vijaya Diagnostic IPO
Sigachi Industries IPO	SJS Enterprises IPO
Adani Wilmar IPO	Fino Payments Bank IPO
PolicyBazaar IPO	Paras Defence and Space Technologies IPO
Nykaa IPO	Aditya Birla Sun Life AMC IPO
SJS Enterprises IPO	Sansera Engineering IPO
Paras Defence and Space Technologies IPO	Ami Organics IPO
Aditya Birla Sun Life AMC IPO	Chemplast Sanmar IPO
Sansera Engineering IPO	Aptus Value Housing Finance IPO
Vijaya Diagnostic IPO	Krsnaa Diagnostics IPO
Ami Organics IPO	CarTrade Tech IPO

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