Comparison between ESAF Small Finance Bank IPO and Fedbank Financial IPO.
ESAF Small Finance Bank IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Fedbank Financial IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.
The total issue size of ESAF Small Finance Bank IPO is up to ₹463.00 Cr whereas the issue size of the Fedbank Financial IPO is up to ₹1,092.26 Cr. The final issue price of ESAF Small Finance Bank IPO is ₹60.00 per share and of Fedbank Financial IPO is ₹140.00 per share.
| ESAF Small Finance Bank IPO | Fedbank Financial IPO | |
|---|---|---|
| Face Value | ₹10 per share | ₹10 per share |
| Issue Price (Lower) | ₹57.00 per share | ₹133.00 per share |
| Issue Price (Upper) | ₹60.00 per share | ₹140.00 per share |
| Issue Price (Final) | ₹60.00 per share | ₹140.00 per share |
| Discount (Retail) | ₹0.00 per share | ₹0.00 per share |
| Discount (Employee) | ₹5.00 per share | ₹10.00 per share |
| Market Lot Size | 250 shares | 107 shares |
| Fresh Issue Size | 6,53,06,060 shares | 4,28,95,082 shares |
| Fresh Issue Size (Amount) | up to ₹390.88 Cr | up to ₹600.35 Cr |
| OFS Issue Size | 1,20,49,999 shares | 3,51,47,789 shares |
| OFS Issue Size (Amount) | up to ₹72.12 Cr | up to ₹491.92 Cr |
| Issue Size Total | 7,73,56,059 shares | 7,80,42,871 shares |
| Issue Size Total (Amount) | up to ₹463.00 Cr | up to ₹1,092.26 Cr |
ESAF Small Finance Bank IPO opens on Nov 03, 2023, while Fedbank Financial IPO opens on Nov 22, 2023. The closing date of ESAF Small Finance Bank IPO and Fedbank Financial IPO is Nov 07, 2023, and Nov 24, 2023, respectively.
| ESAF Small Finance Bank IPO | Fedbank Financial IPO | |
|---|---|---|
| Anchor Bid Date | Nov 02, 2023 | Nov 21, 2023 |
| Issue Open | Nov 03, 2023 | Nov 22, 2023 |
| Issue Close | Nov 07, 2023 | Nov 24, 2023 |
| Basis Of Allotment (Tentative) | Nov 08, 2023 | Nov 28, 2023 |
| Initiation of Refunds (Tentative) | Nov 08, 2023 | Nov 28, 2023 |
| Credit of Share (Tentative) | Nov 09, 2023 | Nov 29, 2023 |
| Listing date (Tentative) | Nov 10, 2023 | Nov 30, 2023 |
| Anchor Lockin End date 1 | Dec 08, 2023 | Dec 28, 2023 |
| Anchor Lockin End date 2 | Feb 06, 2024 | Feb 26, 2024 |
ESAF Small Finance Bank IPO P/E ratio is 8.94, as compared to Fedbank Financial IPO P/E ratio of 25.04.
| ESAF Small Finance Bank IPO | Fedbank Financial IPO | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Financials | Company Financials (Restated)
| Company Financials (Restated)
| ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Pre-Issue) | 74.43 | 72.28 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Promoter Shareholding (Post-Issue) | 59.74 | 62.40 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| P/E Ratio | 8.94 | 25.04 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Market Cap | ₹3087.54 Cr. | ₹5165.06 Cr. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROE | 14.36% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| ROCE | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Debt/Equity | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| EPS | ₹6.73 | ₹5.60 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| RoNW | 17.69% | 13.29% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
In the ESAF Small Finance Bank IPO Retail Individual Investors (RII) are offered 2,62,79,167 shares while in Fedbank Financial IPO retail investors are offered 2,62,79,167 shares. Qualified Institutional Buyers (QIB) are offered 1,50,16,667 shares in ESAF Small Finance Bank IPO and 1,54,60,916 shares in Fedbank Financial IPO.
| ESAF Small Finance Bank IPO | Fedbank Financial IPO | |
|---|---|---|
| Anchor Investor Reservation | 2,25,24,998 shares | 2,31,91,374 shares |
| Market Maker Reservation | ||
| QIB | 1,50,16,667 shares | 1,54,60,916 shares |
| NII | 1,12,62,500 shares | 1,15,95,687 shares |
| RII | 2,62,79,167 shares | 2,70,56,603 shares |
| Employee | 22,72,727 shares | 7,69,230 shares |
| Others | ||
| Total | 7,73,56,059 shares | 7,80,73,810 shares |
ESAF Small Finance Bank IPO subscribed 77.00x in total, whereas Fedbank Financial IPO subscribed 2.24x.
| ESAF Small Finance Bank IPO | Fedbank Financial IPO | |
|---|---|---|
| QIB (times) | 182.66x | 3.48x |
| NII (times) | 88.81x | 1.49x |
| Big NII (times) | 96.51x | 1.27x |
| Small NII (times) | 73.41x | 1.95x |
| RII (times) | 17.86x | 1.88x |
| Employee (times) | 4.59x | 1.34x |
| Other (times) | ||
| Total (times) | 77.00x | 2.24x |
