Equitas Small Finance Bank IPO vs Yes Bank FPO

Comparision between Equitas Small Finance Bank IPO and Yes Bank FPO.

IPO Details

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

	Equitas Small Finance Bank IPO	Yes Bank FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
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	Axis Bank Limited Bofa Securities India Limited Citigroup Global Markets India Private Limited Hsbc Securities & Capital Markets Pvt Ltd ICICI Securities Limited Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Yes Bank 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 Yes Bank FPO is up to ₹15,000.00 Cr. The final issue price of Equitas Small Finance Bank IPO is ₹33.00 per share and of Yes Bank FPO is ₹12.00 per share.

	Equitas Small Finance Bank IPO	Yes Bank FPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹32.00 per share	₹12.00 per share
Issue Price (Upper)	₹33.00 per share	₹13.00 per share
Issue Price (Final)	₹33.00 per share	₹12.00 per share
Discount (Retail)	₹0.00 per share
Discount (Employee)	₹0.00 per share	₹1.00 per share
Market Lot Size	450 shares	1000 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹280.00 Cr	up to ₹15,000.00 Cr
OFS Issue Size	7,20,00,000 shares
OFS Issue Size (Amount)	up to ₹237.60 Cr
Issue Size Total
Issue Size Total (Amount)	up to ₹517.60 Cr	up to ₹15,000.00 Cr

IPO Timetable

Equitas Small Finance Bank IPO opens on Oct 20, 2020, while Yes Bank FPO opens on Jul 15, 2020. The closing date of Equitas Small Finance Bank IPO and Yes Bank FPO is Oct 22, 2020, and Jul 17, 2020, respectively.

	Equitas Small Finance Bank IPO	Yes Bank FPO
Anchor Bid Date
Issue Open	Oct 20, 2020	Jul 15, 2020
Issue Close	Oct 22, 2020	Jul 17, 2020
Basis Of Allotment (Tentative)	Oct 27, 2020	Jul 22, 2020
Initiation of Refunds (Tentative)	Oct 28, 2020	Jul 23, 2020
Credit of Share (Tentative)	Oct 29, 2020	Jul 24, 2020
Listing date (Tentative)	Nov 02, 2020	Jul 27, 2020
Anchor Lockin End date 1	Nov 26, 2020	Aug 21, 2020
Anchor Lockin End date 2	Jan 25, 2021	Oct 20, 2020

Financials

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

Equitas Small Finance Bank IPO

Yes Bank FPO

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)
	31-Mar-20	31-Mar-19	31-Mar-18
Total Assets	2,578,321.64	3,808,596.10	3,124,496.54
Total Revenue	103,350.56	144,879.93	130,323.20
Profit After Tax	(164,325.80)	17,092.66	42,332.20

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

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 Yes Bank FPO 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 2,75,12,82,051 shares in Yes Bank FPO.

	Equitas Small Finance Bank IPO	Yes Bank FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,79,75,001 shares	2,75,12,82,051 shares
NII	2,14,87,500 shares	1,85,00,00,000 shares
RII	5,01,37,500 shares	4,31,66,66,667 shares
Employee	3,12,500 shares	18,18,18,181 shares
Others
Total	11,58,50,001 shares	9,09,97,66,899 shares

Bids Received (Subscription)

Equitas Small Finance Bank IPO subscribed 1.95x in total, whereas Yes Bank FPO subscribed 0.93x.

	Equitas Small Finance Bank IPO	Yes Bank FPO
QIB (times)	3.91x	1.90x
NII (times)	0.22x	0.63x
Big NII (times)
Small NII (times)
RII (times)	2.08x	0.47x
Employee (times)	1.84x	0.32x
Other (times)	0.42x
Total (times)	1.95x	0.93x

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Yes Bank FPO	UTI AMC IPO
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Prince Pipes IPO	Rossari Biotech IPO
SBI Cards IPO	Equitas Small Finance Bank IPO
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IRCTC IPO	Ujjivan Bank IPO

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