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Abans Holdings IPO vs Divgi TorqTransfer Systems IPO

Comparison between Abans Holdings IPO and Divgi TorqTransfer Systems IPO.

IPO Details

Abans Holdings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Divgi TorqTransfer Systems IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Abans Holdings IPODivgi TorqTransfer Systems IPO
LogoAbans Holdings IPO LogoDivgi TorqTransfer Systems IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersAryaman Financial Services Ltd.Equirus Capital Pvt.Ltd.

Inga Ventures Pvt.Ltd.
RegistrarBigshare Services Pvt.Ltd.MUFG Intime India Pvt.Ltd.
Market Maker
DRHPDRHP DRHP
RHPRHP RHP
Final ProspectusFinal Prospectus Final Prospectus
Anchor InvestorAnchor Investor
IPO Allotment URLIPO Allotment URL IPO Allotment URL

Issue Size and Price

The total issue size of Abans Holdings IPO is up to ₹345.60 Cr whereas the issue size of the Divgi TorqTransfer Systems IPO is up to ₹412.12 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Divgi TorqTransfer Systems IPO is ₹590.00 per share.

 Abans Holdings IPODivgi TorqTransfer Systems IPO
Face Value₹2 per share₹5 per share
Issue Price (Lower)₹256.00 per share₹560.00 per share
Issue Price (Upper)₹270.00 per share₹590.00 per share
Issue Price (Final)₹270.00 per share₹590.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size55 shares25 shares
Fresh Issue Size38,00,000 shares30,50,847 shares
Fresh Issue Size (Amount)up to ₹102.60 Crup to ₹180.00 Cr
OFS Issue Size90,00,000 shares39,34,243 shares
OFS Issue Size (Amount)up to ₹243.00 Crup to ₹232.12 Cr
Issue Size Total1,28,00,000 shares69,85,090 shares
Issue Size Total (Amount)up to ₹345.60 Crup to ₹412.12 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Divgi TorqTransfer Systems IPO opens on Mar 01, 2023. The closing date of Abans Holdings IPO and Divgi TorqTransfer Systems IPO is Dec 15, 2022, and Mar 03, 2023, respectively.

 Abans Holdings IPODivgi TorqTransfer Systems IPO
Anchor Bid DateFeb 28, 2023
Issue OpenDec 12, 2022Mar 01, 2023
Issue CloseDec 15, 2022Mar 03, 2023
Basis Of Allotment (Tentative)Dec 20, 2022Mar 09, 2023
Initiation of Refunds (Tentative)Dec 21, 2022Mar 10, 2023
Credit of Share (Tentative)Dec 22, 2022Mar 13, 2023
Listing date (Tentative)Dec 23, 2022Mar 14, 2023
Anchor Lockin End date 1Apr 08, 2023
Anchor Lockin End date 2Jun 07, 2023

Financials & KPIs

Abans Holdings IPO P/E ratio is 18.96, as compared to Divgi TorqTransfer Systems IPO P/E ratio of 35.16.

 Abans Holdings IPODivgi TorqTransfer Systems IPO
Financials

Company Financials (Restated)

Period Ended31 Aug 202231 Mar 202231 Mar 202131 Mar 2020
Assets1,230.721,168.691,181.511,212.98
Total Income288.31646.231,331.372,771.88
Profit After Tax29.7461.9745.8039.22
NET Worth678.17631.11561.95499.55
Reserves and Surplus0.000.000.000.00
Total Borrowing76.9285.90267.39318.79
Amount in ₹ Crore

Company Financials (Restated)

Period Ended30 Sep 202231 Mar 202231 Mar 202131 Mar 2020
Assets430.21405.37362.88303.70
Total Income137.55241.87195.03170.74
Profit After Tax25.6646.1538.0428.04
NET Worth356.20340.02295.88209.53
Reserves and Surplus342.44326.25288.99203.51
Total Borrowing0.500.120.2650.41
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.4267.18
Promoter Shareholding (Post-Issue)72.09
P/E Ratio18.9635.16
Market Cap₹1353.94 Cr.₹1804.39 Cr.
ROE914.52
ROCE1129.47
Debt/Equity0.120.00
EPS₹13.37₹16.76
RoNW9.0113.57

Shares Offered

In the Abans Holdings IPO Retail Individual Investors (RII) are offered 76,80,000 shares while in Divgi TorqTransfer Systems IPO retail investors are offered 76,80,000 shares. Qualified Institutional Buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 20,95,528 shares in Divgi TorqTransfer Systems IPO.

 Abans Holdings IPODivgi TorqTransfer Systems IPO
Anchor Investor Reservation31,43,290 shares
Market Maker Reservation
QIB12,80,000 shares20,95,528 shares
NII38,40,000 shares10,47,763 shares
RII76,80,000 shares6,98,509 shares
Employee
Others
Total1,28,00,000 shares69,85,090 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Divgi TorqTransfer Systems IPO subscribed 5.44x.

 Abans Holdings IPODivgi TorqTransfer Systems IPO
QIB (times)4.10x7.83x
NII (times)1.48x1.40x
Big NII (times)2.15x0.89x
Small NII (times)0.13x2.41x
RII (times)0.40x4.31x
Employee (times)
Other (times)
Total (times)1.10x5.44x

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