Ashoka IPO vs Electrosteel IPO

Comparision between Ashoka IPO and Electrosteel IPO.

IPO Details

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

	Ashoka IPO	Electrosteel 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 Axis Capital Limited SBI Capital Markets 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	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 Electrosteel IPO is up to ₹248.07 Cr. The final issue price of Ashoka IPO is ₹324.00 per share and of Electrosteel IPO is ₹11.00 per share.

	Ashoka IPO	Electrosteel IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹297.00 per share	₹10.00 per share
Issue Price (Upper)	₹324.00 per share	₹11.00 per share
Issue Price (Final)	₹324.00 per share	₹11.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	21 shares	600 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,44,445 shares	22,55,16,188 shares
Issue Size Total (Amount)	up to ₹225.00 Cr	up to ₹248.07 Cr

IPO Timetable

Ashoka IPO opens on Sep 24, 2010, while Electrosteel IPO opens on Sep 21, 2010. The closing date of Ashoka IPO and Electrosteel IPO is Sep 28, 2010, and Sep 24, 2010, respectively.

	Ashoka IPO	Electrosteel IPO
Anchor Bid Date
Issue Open	Sep 24, 2010	Sep 21, 2010
Issue Close	Sep 28, 2010	Sep 24, 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 Electrosteel IPO P/E ratio of .

Ashoka IPO

Electrosteel 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%

36.83%

Promoter Shareholding (Post-Issue)

73.25%

12.31%

P/E Ratio

Market Cap

ROE

21.3%%

ROCE

10.9%%

Debt/Equity

EPS

RoNW

17.38%%

Shares Offered

In the Ashoka IPO retail investors (RII) are offered 22,61,364 shares while in Electrosteel IPO retail investors are offered 22,61,364 shares. Qualified institutional buyers (QIB) are offered 31,65,909 shares in Ashoka IPO and 13,53,09,713 shares in Electrosteel IPO.

	Ashoka IPO	Electrosteel IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,65,909 shares	13,53,09,713 shares
NII	7,53,788 shares	2,25,51,619 shares
RII	22,61,364 shares	6,76,54,856 shares
Employee	37,879 shares
Others
Total	62,18,940 shares	22,55,16,188 shares

Bids Received (Subscription)

Ashoka IPO subscribed 15.94x in total, whereas Electrosteel IPO subscribed 8.23x.

	Ashoka IPO	Electrosteel IPO
QIB (times)	25.52x	5.86x
NII (times)	13.91x	28.58x
Big NII (times)
Small NII (times)
RII (times)	3.46x	6.19x
Employee (times)	1.21x
Other (times)
Total (times)	15.94x	8.23x

Compare with others

Ashoka IPO	Electrosteel IPO
Oberoi Realty IPO	Sea TV Network IPO
Commercial Engineers IPO	Cantabil IPO
Bedmutha IPO	Ashoka IPO
Sea TV Network IPO	Tecpro IPO
Cantabil IPO	Gallantt Ispat IPO
Tecpro IPO	Orient Green IPO
Gallantt Ispat IPO	Ramky Infra IPO
Electrosteel IPO	Microsec Financial IPO
Orient Green IPO	Career Point IPO
Ramky Infra IPO	Tirupati Inks FPO

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