Acropetal IPO vs Tata Steel FPO

Comparision between Acropetal IPO and Tata Steel FPO.

IPO Details

Acropetal IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tata Steel FPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Acropetal IPO	Tata Steel FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Saffron Capital Advisors Private Limited	Citigroup Global Markets India Private Limited Deutsche Equities India Private Limited Hsbc Securities & Capital Markets Pvt Ltd Kotak Mahindra Capital Company Limited SBI Capital Markets Limited Standard Chartered Securities (India) Limited
Registrar	Sharex Dynamic (India) Pvt Ltd	Link Intime India Private Ltd
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Acropetal IPO is up to ₹170.00 Cr whereas the issue size of the Tata Steel FPO is up to ₹3,477.00 Cr. The final issue price of Acropetal IPO is ₹90.00 per share and of Tata Steel FPO is ₹610.00 per share.

	Acropetal IPO	Tata Steel FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹88.00 per share	₹594.00 per share
Issue Price (Upper)	₹90.00 per share	₹610.00 per share
Issue Price (Final)	₹90.00 per share	₹610.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	60 shares	10 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	1,88,88,889 shares	5,70,00,000 shares
Issue Size Total (Amount)	up to ₹170.00 Cr	up to ₹3,477.00 Cr

IPO Timetable

Acropetal IPO opens on Feb 21, 2011, while Tata Steel FPO opens on Jan 19, 2011. The closing date of Acropetal IPO and Tata Steel FPO is Feb 24, 2011, and Jan 21, 2011, respectively.

	Acropetal IPO	Tata Steel FPO
Anchor Bid Date
Issue Open	Feb 21, 2011	Jan 19, 2011
Issue Close	Feb 24, 2011	Jan 21, 2011
Basis Of Allotment (Tentative)
Initiation of Refunds (Tentative)
Credit of Share (Tentative)
Listing date (Tentative)
Anchor Lockin End date 1
Anchor Lockin End date 2

Financials

Acropetal IPO P/E ratio is , as compared to Tata Steel FPO P/E ratio of .

Acropetal IPO

Tata Steel FPO

Financial

Particulars	For the year/period ended (in Rs. Lacs)
	31-Dec-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	10,637.45	10,808.51	9,280.49	5,970.03	4,093.65	709.71
Profit After Tax (PAT)	1813.26	1,955.09	1,658.58	1,306.37	1,277.59	250.89

Particulars	For the year/period ended (in Rs. Million)
	30-Sep-10	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	567,136.1	1,035,789.7	1,475,949.3	1,320,094.9	254,317.4	204,583.9
Profit After Tax (PAT)	37,584.2	(21,208.4)	48,492.4	123,217.6	41,656.1	37,210.7

Promoter Shareholding (Pre-Issue)

100%

32.69%

Promoter Shareholding (Post-Issue)

51.43%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

22.99%%

13.4%%

Shares Offered

In the Acropetal IPO retail investors (RII) are offered 67,61,363 shares while in Tata Steel FPO retail investors are offered 67,61,363 shares. Qualified institutional buyers (QIB) are offered 96,59,091 shares in Acropetal IPO and 1,94,25,000 shares in Tata Steel FPO.

	Acropetal IPO	Tata Steel FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	96,59,091 shares	1,94,25,000 shares
NII	28,97,727 shares	83,25,000 shares
RII	67,61,363 shares	1,94,25,000 shares
Employee		15,00,000 shares
Others
Total	1,93,18,181 shares	4,86,75,000 shares

Bids Received (Subscription)

Acropetal IPO subscribed 1.28x in total, whereas Tata Steel FPO subscribed 6.03x.

	Acropetal IPO	Tata Steel FPO
QIB (times)	1.12x	10.41x
NII (times)	2.00x	7.21x
Big NII (times)
Small NII (times)
RII (times)	1.21x	1.60x
Employee (times)		0.06x
Other (times)
Total (times)	1.28x	6.03x

Compare with others

Acropetal IPO	Tata Steel FPO
Servalakshmi IPO	Lovable Lingeries IPO
Muthoot IPO	Acropetal IPO
Shilpi Cables IPO	Sudar IPO
PTC India IPO	Fineotex IPO
Lovable Lingeries IPO	Omkar speciality IPO
Sudar IPO	Midvalley Entertainment IPO
Fineotex IPO	C Mahendra IPO
Omkar speciality IPO	Shekhawati IPO
Tata Steel FPO	Punjab & Sind Bank IPO
Midvalley Entertainment IPO	A2Z Maintenance IPO

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