ESAF Small Finance Bank IPO vs Honasa Consumer IPO

Comparison between ESAF Small Finance Bank IPO and Honasa Consumer IPO.

IPO Details

ESAF Small Finance Bank IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while Honasa Consumer IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of ESAF Small Finance Bank IPO is up to ₹463.00 Cr whereas the issue size of the Honasa Consumer IPO is up to ₹1,701.44 Cr. The final issue price of ESAF Small Finance Bank IPO is ₹60.00 per share and of Honasa Consumer IPO is ₹324.00 per share.

 ESAF Small Finance Bank IPOHonasa Consumer IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹57.00 per share₹308.00 per share
Issue Price (Upper)₹60.00 per share₹324.00 per share
Issue Price (Final)₹60.00 per share₹324.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹5.00 per share₹30.00 per share
Market Lot Size250 shares46 shares
Fresh Issue Size6,53,06,060 shares1,12,67,530 shares
Fresh Issue Size (Amount)up to ₹390.88 Crup to ₹365.05 Cr
OFS Issue Size1,20,49,999 shares4,12,48,162 shares
OFS Issue Size (Amount)up to ₹72.12 Crup to ₹1,336.39 Cr
Issue Size Total7,73,56,059 shares5,25,15,692 shares
Issue Size Total (Amount)up to ₹463.00 Crup to ₹1,701.44 Cr

IPO Timetable

ESAF Small Finance Bank IPO opens on Nov 03, 2023, while Honasa Consumer IPO opens on Oct 31, 2023. The closing date of ESAF Small Finance Bank IPO and Honasa Consumer IPO is Nov 07, 2023, and Nov 02, 2023, respectively.

 ESAF Small Finance Bank IPOHonasa Consumer IPO
Anchor Bid DateNov 02, 2023Oct 30, 2023
Issue OpenNov 03, 2023Oct 31, 2023
Issue CloseNov 07, 2023Nov 02, 2023
Basis Of Allotment (Tentative)Nov 08, 2023Nov 06, 2023
Initiation of Refunds (Tentative)Nov 08, 2023Nov 06, 2023
Credit of Share (Tentative)Nov 09, 2023Nov 06, 2023
Listing date (Tentative)Nov 10, 2023Nov 07, 2023
Anchor Lockin End date 1Dec 08, 2023Dec 06, 2023
Anchor Lockin End date 2Feb 06, 2024Feb 04, 2024

Financials & KPIs

ESAF Small Finance Bank IPO P/E ratio is 8.94, as compared to Honasa Consumer IPO P/E ratio of .

 ESAF Small Finance Bank IPOHonasa Consumer IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets20,795.9420,223.6617,707.5612,338.65
Total Income991.783,141.572,147.511,768.42
Profit After Tax129.96302.3354.73105.40
NET Worth1,839.091,709.131,406.801,352.06
Reserves and Surplus1,389.621,259.66957.32902.59
Total Borrowing2,739.133,354.202,952.831,694.00
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets1,048.03966.421,035.01302.64
Total Income477.101,515.27964.35472.10
Profit After Tax24.72-150.9714.44-1,324.61
NET Worth638.26605.90705.62-1,765.14
Reserves and Surplus-1,290.94-1,323.32-1,087.33
Total Borrowing6.793.613.59
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)74.4337.41
Promoter Shareholding (Post-Issue)59.7435.34
P/E Ratio8.94
Market Cap₹3087.54 Cr.₹10425.00 Cr.
ROE
ROCE
Debt/Equity
EPS₹6.73₹4.66
RoNW17.69%-23.57%

Shares Offered

In the ESAF Small Finance Bank IPO Retail Individual Investors (RII) are offered 2,62,79,167 shares while in Honasa Consumer 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 1,57,44,820 shares in Honasa Consumer IPO.

 ESAF Small Finance Bank IPOHonasa Consumer IPO
Anchor Investor Reservation2,25,24,998 shares2,36,17,228 shares
Market Maker Reservation
QIB1,50,16,667 shares1,57,44,820 shares
NII1,12,62,500 shares78,72,409 shares
RII2,62,79,167 shares52,48,272 shares
Employee22,72,727 shares34,013 shares
Others
Total7,73,56,059 shares5,25,16,742 shares

Bids Received (Subscription)

ESAF Small Finance Bank IPO subscribed 77.00x in total, whereas Honasa Consumer IPO subscribed 7.61x.

 ESAF Small Finance Bank IPOHonasa Consumer IPO
QIB (times)182.66x11.50x
NII (times)88.81x4.02x
Big NII (times)96.51x4.85x
Small NII (times)73.41x2.36x
RII (times)17.86x1.35x
Employee (times)4.59x4.88x
Other (times)
Total (times)77.00x7.61x

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