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Abans Holdings IPO vs Radiant Cash Management IPO

Comparison between Abans Holdings IPO and Radiant Cash Management IPO.

IPO Details

Abans Holdings IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Radiant Cash Management IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

 Abans Holdings IPORadiant Cash Management IPO
LogoAbans Holdings IPO LogoRadiant Cash Management IPO Logo
Issue CategoryMainboardMainboard
Issue TypeIPOIPO
Process TypeBookbuildingBookbuilding
Listing AtBSE, NSEBSE, NSE
Lead ManagersAryaman Financial Services Ltd.YES Securities (India) Ltd.

Motilal Oswal Investment Advisors Ltd.

IIFL Capital Services 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 Radiant Cash Management IPO is up to ₹256.64 Cr. The final issue price of Abans Holdings IPO is ₹270.00 per share and of Radiant Cash Management IPO is ₹94.00 per share.

 Abans Holdings IPORadiant Cash Management IPO
Face Value₹2 per share₹1 per share
Issue Price (Lower)₹256.00 per share₹94.00 per share
Issue Price (Upper)₹270.00 per share₹99.00 per share
Issue Price (Final)₹270.00 per share₹94.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)
Market Lot Size55 shares150 shares
Fresh Issue Size38,00,000 shares54,54,546 shares
Fresh Issue Size (Amount)up to ₹102.60 Crup to ₹52.47 Cr
OFS Issue Size90,00,000 shares2,12,22,431 shares
OFS Issue Size (Amount)up to ₹243.00 Crup to ₹204.17 Cr
Issue Size Total1,28,00,000 shares2,66,76,977 shares
Issue Size Total (Amount)up to ₹345.60 Crup to ₹256.64 Cr

IPO Timetable

Abans Holdings IPO opens on Dec 12, 2022, while Radiant Cash Management IPO opens on Dec 23, 2022. The closing date of Abans Holdings IPO and Radiant Cash Management IPO is Dec 15, 2022, and Dec 27, 2022, respectively.

 Abans Holdings IPORadiant Cash Management IPO
Anchor Bid DateDec 22, 2022
Issue OpenDec 12, 2022Dec 23, 2022
Issue CloseDec 15, 2022Dec 27, 2022
Basis Of Allotment (Tentative)Dec 20, 2022Dec 30, 2022
Initiation of Refunds (Tentative)Dec 21, 2022Jan 02, 2023
Credit of Share (Tentative)Dec 22, 2022Jan 03, 2023
Listing date (Tentative)Dec 23, 2022Jan 04, 2023
Anchor Lockin End date 1Jan 29, 2023
Anchor Lockin End date 2Mar 30, 2023

Financials & KPIs

Abans Holdings IPO P/E ratio is 18.96, as compared to Radiant Cash Management IPO P/E ratio of 17.34.

 Abans Holdings IPORadiant Cash Management 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 Consolidated)

Period Ended30 Jun 202231 Mar 202231 Mar 202131 Mar 202031 Mar 2019
Assets203.95190.57162.14157.62141.44
Total Income84.38286.97224.16251.78223.13
Profit After Tax15.3238.2132.4336.5025.02
NET Worth155.19139.76127.10119.57105.72
Reserves and Surplus0.000.000.000.000.00
Total Borrowing25.5426.7511.0521.1317.73
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)97.4266.39
Promoter Shareholding (Post-Issue)72.0953.21
P/E Ratio18.9617.34
Market Cap₹1353.94 Cr.₹1062.41 Cr.
ROE927.34
ROCE1133.07
Debt/Equity0.120.21
EPS₹13.37₹3.77
RoNW9.0127.34

Shares Offered

In the Abans Holdings IPO Retail Individual Investors (RII) are offered 76,80,000 shares while in Radiant Cash Management IPO retail investors are offered 76,80,000 shares. Qualified Institutional Buyers (QIB) are offered 12,80,000 shares in Abans Holdings IPO and 15,82,807 shares in Radiant Cash Management IPO.

 Abans Holdings IPORadiant Cash Management IPO
Anchor Investor Reservation1,17,55,681 shares
Market Maker Reservation
QIB12,80,000 shares15,82,807 shares
NII38,40,000 shares40,01,547 shares
RII76,80,000 shares93,36,942 shares
Employee
Others
Total1,28,00,000 shares2,66,76,977 shares

Bids Received (Subscription)

Abans Holdings IPO subscribed 1.10x in total, whereas Radiant Cash Management IPO subscribed 0.53x.

 Abans Holdings IPORadiant Cash Management IPO
QIB (times)4.10x1.01x
NII (times)1.48x0.66x
Big NII (times)2.15x0.94x
Small NII (times)0.13x0.09x
RII (times)0.40x0.21x
Employee (times)
Other (times)
Total (times)1.10x0.53x

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Compare:

Abans Holdings IPO Vs Radiant Cash Management IPO