Fedbank Financial IPO vs Honasa Consumer IPO

Comparison between Fedbank Financial IPO and Honasa Consumer IPO.

IPO Details

Fedbank Financial 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 Fedbank Financial IPO is up to ₹1,092.26 Cr whereas the issue size of the Honasa Consumer IPO is up to ₹1,701.44 Cr. The final issue price of Fedbank Financial IPO is ₹140.00 per share and of Honasa Consumer IPO is ₹324.00 per share.

 Fedbank Financial IPOHonasa Consumer IPO
Face Value₹10 per share₹10 per share
Issue Price (Lower)₹133.00 per share₹308.00 per share
Issue Price (Upper)₹140.00 per share₹324.00 per share
Issue Price (Final)₹140.00 per share₹324.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹10.00 per share₹30.00 per share
Market Lot Size107 shares46 shares
Fresh Issue Size4,28,95,082 shares1,12,67,530 shares
Fresh Issue Size (Amount)up to ₹600.35 Crup to ₹365.05 Cr
OFS Issue Size3,51,47,789 shares4,12,48,162 shares
OFS Issue Size (Amount)up to ₹491.92 Crup to ₹1,336.39 Cr
Issue Size Total7,80,42,871 shares5,25,15,692 shares
Issue Size Total (Amount)up to ₹1,092.26 Crup to ₹1,701.44 Cr

IPO Timetable

Fedbank Financial IPO opens on Nov 22, 2023, while Honasa Consumer IPO opens on Oct 31, 2023. The closing date of Fedbank Financial IPO and Honasa Consumer IPO is Nov 24, 2023, and Nov 02, 2023, respectively.

 Fedbank Financial IPOHonasa Consumer IPO
Anchor Bid DateNov 21, 2023Oct 30, 2023
Issue OpenNov 22, 2023Oct 31, 2023
Issue CloseNov 24, 2023Nov 02, 2023
Basis Of Allotment (Tentative)Nov 28, 2023Nov 06, 2023
Initiation of Refunds (Tentative)Nov 28, 2023Nov 06, 2023
Credit of Share (Tentative)Nov 29, 2023Nov 06, 2023
Listing date (Tentative)Nov 30, 2023Nov 07, 2023
Anchor Lockin End date 1Dec 28, 2023Dec 06, 2023
Anchor Lockin End date 2Feb 26, 2024Feb 04, 2024

Financials & KPIs

Fedbank Financial IPO P/E ratio is 25.04, as compared to Honasa Consumer IPO P/E ratio of .

 Fedbank Financial IPOHonasa Consumer IPO
Financials

Company Financials (Restated)

Period Ended30 Jun 202331 Mar 202331 Mar 202231 Mar 2021
Assets9,412.519,070.996,555.715,466.31
Total Income367.871,214.68883.64697.57
Profit After Tax53.88180.13103.4661.68
NET Worth1,414.901,355.681,153.52834.73
Reserves and Surplus1,076.671,021.52832.00544.45
Total Borrowing7,619.527,135.825,016.844,328.09
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)72.2837.41
Promoter Shareholding (Post-Issue)62.4035.34
P/E Ratio25.04
Market Cap₹5165.06 Cr.₹10425.00 Cr.
ROE14.36%
ROCE
Debt/Equity
EPS₹5.60₹4.66
RoNW13.29%-23.57%

Shares Offered

In the Fedbank Financial IPO Retail Individual Investors (RII) are offered 2,70,56,603 shares while in Honasa Consumer IPO retail investors are offered 2,70,56,603 shares. Qualified Institutional Buyers (QIB) are offered 1,54,60,916 shares in Fedbank Financial IPO and 1,57,44,820 shares in Honasa Consumer IPO.

 Fedbank Financial IPOHonasa Consumer IPO
Anchor Investor Reservation2,31,91,374 shares2,36,17,228 shares
Market Maker Reservation
QIB1,54,60,916 shares1,57,44,820 shares
NII1,15,95,687 shares78,72,409 shares
RII2,70,56,603 shares52,48,272 shares
Employee7,69,230 shares34,013 shares
Others
Total7,80,73,810 shares5,25,16,742 shares

Bids Received (Subscription)

Fedbank Financial IPO subscribed 2.24x in total, whereas Honasa Consumer IPO subscribed 7.61x.

 Fedbank Financial IPOHonasa Consumer IPO
QIB (times)3.48x11.50x
NII (times)1.49x4.02x
Big NII (times)1.27x4.85x
Small NII (times)1.95x2.36x
RII (times)1.88x1.35x
Employee (times)1.34x4.88x
Other (times)
Total (times)2.24x7.61x

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