SBFC Finance IPO vs TVS Supply Chain Solutions IPO

Comparison between SBFC Finance IPO and TVS Supply Chain Solutions IPO.

IPO Details

SBFC Finance IPO is a Mainboard Bookbuilding IPO proposed to list at BSE, NSE while TVS Supply Chain Solutions IPO is a Mainboard Bookbuilding proposed to list at BSE, NSE.

Issue Size and Price

The total issue size of SBFC Finance IPO is up to ₹1,025.00 Cr whereas the issue size of the TVS Supply Chain Solutions IPO is up to ₹880.00 Cr. The final issue price of SBFC Finance IPO is ₹57.00 per share and of TVS Supply Chain Solutions IPO is ₹197.00 per share.

 SBFC Finance IPOTVS Supply Chain Solutions IPO
Face Value₹10 per share₹1 per share
Issue Price (Lower)₹54.00 per share₹187.00 per share
Issue Price (Upper)₹57.00 per share₹197.00 per share
Issue Price (Final)₹57.00 per share₹197.00 per share
Discount (Retail)₹0.00 per share₹0.00 per share
Discount (Employee)₹2.00 per share
Market Lot Size260 shares76 shares
Fresh Issue Size10,53,01,883 shares3,04,56,852 shares
Fresh Issue Size (Amount)up to ₹600.09 Crup to ₹600.00 Cr
OFS Issue Size7,45,61,402 shares1,42,13,198 shares
OFS Issue Size (Amount)up to ₹424.91 Crup to ₹280.00 Cr
Issue Size Total17,98,63,285 shares4,46,70,050 shares
Issue Size Total (Amount)up to ₹1,025.00 Crup to ₹880.00 Cr

IPO Timetable

SBFC Finance IPO opens on Aug 03, 2023, while TVS Supply Chain Solutions IPO opens on Aug 10, 2023. The closing date of SBFC Finance IPO and TVS Supply Chain Solutions IPO is Aug 07, 2023, and Aug 14, 2023, respectively.

 SBFC Finance IPOTVS Supply Chain Solutions IPO
Anchor Bid DateAug 02, 2023Aug 09, 2023
Issue OpenAug 03, 2023Aug 10, 2023
Issue CloseAug 07, 2023Aug 14, 2023
Basis Of Allotment (Tentative)Aug 10, 2023Aug 18, 2023
Initiation of Refunds (Tentative)Aug 11, 2023Aug 21, 2023
Credit of Share (Tentative)Aug 14, 2023Aug 22, 2023
Listing date (Tentative)Aug 16, 2023Aug 23, 2023
Anchor Lockin End date 1Sep 09, 2023Sep 17, 2023
Anchor Lockin End date 2Nov 08, 2023Nov 16, 2023

Financials & KPIs

SBFC Finance IPO P/E ratio is 40.42, as compared to TVS Supply Chain Solutions IPO P/E ratio of 189.42.

 SBFC Finance IPOTVS Supply Chain Solutions IPO
Financials

Company Financials (Restated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets5,746.444,515.034,231.194,207.99
Total Income740.36530.70511.53444.85
Profit After Tax149.7464.5285.0135.50
NET Worth1,466.881,026.78944.72752.09
Total Borrowing3,745.832,948.822,772.553,056.38
Amount in ₹ Crore

Company Financials (Restated Consolidated)

Period Ended31 Mar 202331 Mar 202231 Mar 202131 Mar 2020
Assets6,210.925,789.734,990.065,462.92
Total Income10,311.019,299.946,999.696,792.76
Profit After Tax41.76-45.80-76.34-248.00
NET Worth723.55714.00490.69510.80
Reserves and Surplus774.19713.76473.94493.35
Total Borrowing1,989.621,763.781,547.922,160.12
Amount in ₹ Crore
Promoter Shareholding (Pre-Issue)78.8346.65
Promoter Shareholding (Post-Issue)64.0341.6
P/E Ratio40.42189.42
Market Cap₹6065.78 Cr.₹8746.00 Cr.
ROE9.93%5.50%
ROCE7.64%
Debt/Equity2.20
EPS₹1.25₹1.04
RoNW7.97%5.50%

Shares Offered

In the SBFC Finance IPO Retail Individual Investors (RII) are offered 6,23,09,210 shares while in TVS Supply Chain Solutions IPO retail investors are offered 6,23,09,210 shares. Qualified Institutional Buyers (QIB) are offered 3,56,05,263 shares in SBFC Finance IPO and 1,34,01,016 shares in TVS Supply Chain Solutions IPO.

 SBFC Finance IPOTVS Supply Chain Solutions IPO
Anchor Investor Reservation5,34,07,893 shares2,01,01,522 shares
Market Maker Reservation
QIB3,56,05,263 shares1,34,01,016 shares
NII2,67,03,948 shares67,00,507 shares
RII6,23,09,210 shares44,67,005 shares
Employee18,63,636 shares
Others
Total17,98,89,950 shares4,46,70,050 shares

Bids Received (Subscription)

SBFC Finance IPO subscribed 74.06x in total, whereas TVS Supply Chain Solutions IPO subscribed 2.85x.

 SBFC Finance IPOTVS Supply Chain Solutions IPO
QIB (times)203.61x1.37x
NII (times)51.82x2.44x
Big NII (times)56.69x2.39x
Small NII (times)42.07x2.55x
RII (times)11.60x7.89x
Employee (times)6.21x
Other (times)
Total (times)74.06x2.85x

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