Ashoka IPO vs Commercial Engineers IPO

Comparision between Ashoka IPO and Commercial Engineers IPO.

IPO Details

Ashoka IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Commercial Engineers IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Ashoka IPO	Commercial Engineers IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Motilal Oswal Investment Advisors Limited	Edelweiss Financial Services Ltd ICICI Securities Limited
Registrar	Link Intime India Private Ltd	Kfin Technologies Limited
Market Maker
DRHP	DRHP	DRHP
RHP	RHP	RHP
Anchor Investor
IPO Allotment URL	IPO Allotment URL

Issue Size and Price

The total issue size of Ashoka IPO is up to ₹225.00 Cr whereas the issue size of the Commercial Engineers IPO is up to ₹153.00 Cr. The final issue price of Ashoka IPO is ₹324.00 per share and of Commercial Engineers IPO is ₹127.00 per share.

	Ashoka IPO	Commercial Engineers IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹297.00 per share	₹125.00 per share
Issue Price (Upper)	₹324.00 per share	₹127.00 per share
Issue Price (Final)	₹324.00 per share	₹127.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	21 shares	55 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,44,445 shares	1,20,47,244 shares
Issue Size Total (Amount)	up to ₹225.00 Cr	up to ₹153.00 Cr

IPO Timetable

Ashoka IPO opens on Sep 24, 2010, while Commercial Engineers IPO opens on Sep 30, 2010. The closing date of Ashoka IPO and Commercial Engineers IPO is Sep 28, 2010, and Oct 05, 2010, respectively.

	Ashoka IPO	Commercial Engineers IPO
Anchor Bid Date
Issue Open	Sep 24, 2010	Sep 30, 2010
Issue Close	Sep 28, 2010	Oct 05, 2010
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

Ashoka IPO P/E ratio is , as compared to Commercial Engineers IPO P/E ratio of .

Ashoka IPO

Commercial Engineers IPO

Financial

Particulars	For the year/period ended (Rs. in Millions)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	7,560.04	3,419.62	3,711.61	1,797.01	1,396.03
Profit After Tax (PAT)	478.03	220.49	147.38	85.89	113.46

Promoter Shareholding (Pre-Issue)

84.38%

67.19%

Promoter Shareholding (Post-Issue)

73.25%

52.45%

P/E Ratio

Market Cap

ROE

21.3%%

ROCE

10.9%%

Debt/Equity

EPS

RoNW

17.38%%

26.97%%

Shares Offered

In the Ashoka IPO retail investors (RII) are offered 22,61,364 shares while in Commercial Engineers IPO retail investors are offered 22,61,364 shares. Qualified institutional buyers (QIB) are offered 31,65,909 shares in Ashoka IPO and 58,17,503 shares in Commercial Engineers IPO.

	Ashoka IPO	Commercial Engineers IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,65,909 shares	58,17,503 shares
NII	7,53,788 shares	13,76,859 shares
RII	22,61,364 shares	41,30,576 shares
Employee	37,879 shares
Others
Total	62,18,940 shares	1,13,24,938 shares

Bids Received (Subscription)

Ashoka IPO subscribed 15.94x in total, whereas Commercial Engineers IPO subscribed 2.07x.

	Ashoka IPO	Commercial Engineers IPO
QIB (times)	25.52x	3.68x
NII (times)	13.91x	0.34x
Big NII (times)
Small NII (times)
RII (times)	3.46x	0.38x
Employee (times)	1.21x
Other (times)
Total (times)	15.94x	2.07x

Compare with others

Ashoka IPO	Commercial Engineers IPO
Oberoi Realty IPO	Power Grid FPO
Commercial Engineers IPO	Gyscoal Alloys IPO
Bedmutha IPO	Prestige Estates IPO
Sea TV Network IPO	BS Transcomm IPO
Cantabil IPO	Oberoi Realty IPO
Tecpro IPO	Bedmutha IPO
Gallantt Ispat IPO	Sea TV Network IPO
Electrosteel IPO	Cantabil IPO
Orient Green IPO	Ashoka IPO
Ramky Infra IPO	Tecpro IPO

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