Ashoka IPO vs Gallantt Ispat IPO

Comparision between Ashoka IPO and Gallantt Ispat IPO.

IPO Details

Ashoka IPO is a Mainline Fixed Price Issue IPO proposed to list at BSE, NSE while Gallantt Ispat IPO is a Mainline Fixed Price Issue proposed to list at BSE, NSE.

	Ashoka IPO	Gallantt Ispat IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Fixed Price 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	Anand Rathi Securities Limited
Registrar	Link Intime India Private Ltd	Niche Technologies Pvt. 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 Ashoka IPO is up to ₹225.00 Cr whereas the issue size of the Gallantt Ispat IPO is up to ₹40.50 Cr. The final issue price of Ashoka IPO is ₹324.00 per share and of Gallantt Ispat IPO is ₹50.00 per share.

	Ashoka IPO	Gallantt Ispat IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹297.00 per share
Issue Price (Upper)	₹324.00 per share
Issue Price (Final)	₹324.00 per share	₹50.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	21 shares	125 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,44,445 shares	81,00,000 shares
Issue Size Total (Amount)	up to ₹225.00 Cr	up to ₹40.50 Cr

IPO Timetable

Ashoka IPO opens on Sep 24, 2010, while Gallantt Ispat IPO opens on Sep 22, 2010. The closing date of Ashoka IPO and Gallantt Ispat IPO is Sep 28, 2010, and Sep 24, 2010, respectively.

	Ashoka IPO	Gallantt Ispat IPO
Anchor Bid Date
Issue Open	Sep 24, 2010	Sep 22, 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 Gallantt Ispat IPO P/E ratio of .

Ashoka IPO

Gallantt Ispat 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%

92.77%

Promoter Shareholding (Post-Issue)

73.25%

69.93%

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 Gallantt Ispat IPO retail investors are offered 22,61,364 shares. Qualified institutional buyers (QIB) are offered 31,65,909 shares in Ashoka IPO and in Gallantt Ispat IPO.

	Ashoka IPO	Gallantt Ispat IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,65,909 shares
NII	7,53,788 shares
RII	22,61,364 shares
Employee	37,879 shares
Others
Total	62,18,940 shares

Bids Received (Subscription)

Ashoka IPO subscribed 15.94x in total, whereas Gallantt Ispat IPO subscribed .

	Ashoka IPO	Gallantt Ispat IPO
QIB (times)	25.52x
NII (times)	13.91x
Big NII (times)
Small NII (times)
RII (times)	3.46x
Employee (times)	1.21x
Other (times)
Total (times)	15.94x

Compare with others

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

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