Ashoka IPO vs Tecpro IPO

Comparision between Ashoka IPO and Tecpro IPO.

IPO Details

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

	Ashoka IPO	Tecpro 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	Kotak Mahindra Capital Company Limited SBI Capital Markets Limited
Registrar	Link Intime India Private 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 Ashoka IPO is up to ₹225.00 Cr whereas the issue size of the Tecpro IPO is up to ₹267.91 Cr. The final issue price of Ashoka IPO is ₹324.00 per share and of Tecpro IPO is ₹355.00 per share.

	Ashoka IPO	Tecpro IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹297.00 per share	₹340.00 per share
Issue Price (Upper)	₹324.00 per share	₹355.00 per share
Issue Price (Final)	₹324.00 per share	₹355.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	21 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	69,44,445 shares	75,50,000 shares
Issue Size Total (Amount)	up to ₹225.00 Cr	up to ₹267.91 Cr

IPO Timetable

Ashoka IPO opens on Sep 24, 2010, while Tecpro IPO opens on Sep 23, 2010. The closing date of Ashoka IPO and Tecpro IPO is Sep 28, 2010, and Sep 28, 2010, respectively.

	Ashoka IPO	Tecpro IPO
Anchor Bid Date
Issue Open	Sep 24, 2010	Sep 23, 2010
Issue Close	Sep 28, 2010	Sep 28, 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 Tecpro IPO P/E ratio of .

Ashoka IPO

Tecpro 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%

60.03%

Promoter Shareholding (Post-Issue)

73.25%

P/E Ratio

Market Cap

ROE

21.3%%

ROCE

10.9%%

Debt/Equity

EPS

RoNW

17.38%%

32.04%%

Shares Offered

In the Ashoka IPO retail investors (RII) are offered 22,61,364 shares while in Tecpro IPO retail investors are offered 22,61,364 shares. Qualified institutional buyers (QIB) are offered 31,65,909 shares in Ashoka IPO and 30,87,000 shares in Tecpro IPO.

	Ashoka IPO	Tecpro IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	31,65,909 shares	30,87,000 shares
NII	7,53,788 shares	7,35,000 shares
RII	22,61,364 shares	22,05,000 shares
Employee	37,879 shares	2,00,000 shares
Others
Total	62,18,940 shares	62,27,000 shares

Bids Received (Subscription)

Ashoka IPO subscribed 15.94x in total, whereas Tecpro IPO subscribed 24.47x.

	Ashoka IPO	Tecpro IPO
QIB (times)	25.52x	27.99x
NII (times)	13.91x	62.48x
Big NII (times)
Small NII (times)
RII (times)	3.46x	9.07x
Employee (times)	1.21x	0.35x
Other (times)
Total (times)	15.94x	24.47x

Compare with others

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

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