Aster Silicates IPO vs Bajaj Corp IPO

Comparision between Aster Silicates IPO and Bajaj Corp IPO.

IPO Details

Aster Silicates IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Bajaj Corp IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Aster Silicates IPO	Bajaj Corp 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	Saffron Capital Advisors Private Limited	Kotak Mahindra Capital Company Limited
Registrar	Sharepro Services Private Limited	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 Aster Silicates IPO is up to ₹53.10 Cr whereas the issue size of the Bajaj Corp IPO is up to ₹297.00 Cr. The final issue price of Aster Silicates IPO is ₹118.00 per share and of Bajaj Corp IPO is ₹660.00 per share.

	Aster Silicates IPO	Bajaj Corp IPO
Face Value	₹10 per share	₹5 per share
Issue Price (Lower)	₹112.00 per share	₹630.00 per share
Issue Price (Upper)	₹118.00 per share	₹660.00 per share
Issue Price (Final)	₹118.00 per share	₹660.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	10 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	45,00,000 shares	45,00,000 shares
Issue Size Total (Amount)	up to ₹53.10 Cr	up to ₹297.00 Cr

IPO Timetable

Aster Silicates IPO opens on Jun 24, 2010, while Bajaj Corp IPO opens on Aug 02, 2010. The closing date of Aster Silicates IPO and Bajaj Corp IPO is Jun 28, 2010, and Aug 05, 2010, respectively.

	Aster Silicates IPO	Bajaj Corp IPO
Anchor Bid Date
Issue Open	Jun 24, 2010	Aug 02, 2010
Issue Close	Jun 28, 2010	Aug 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

Aster Silicates IPO P/E ratio is , as compared to Bajaj Corp IPO P/E ratio of .

Aster Silicates IPO

Bajaj Corp IPO

Financial

Particulars	For the year/period ended (Rs. in Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3031.09	3409.13	1699.42	832.76	864.62	815.69
Profit After Tax (PAT)	232.20	254.91	65.79	14.24	(8.61)	35.87

Particulars	For the year/period ended (Rs. in Millions)
	31-Dec-09	31-Mar-09	31-Mar-08
Total Income	2,391.97	2,520.26	0.01
Profit After Tax (PAT)	564.97	469.92	(0.63)

Promoter Shareholding (Pre-Issue)

71.43%

100%

Promoter Shareholding (Post-Issue)

49.8%

84.75%

P/E Ratio

Market Cap

ROE

ROCE

16.36%%

Debt/Equity

EPS

RoNW

14.18%%

327.66%%

Shares Offered

In the Aster Silicates IPO retail investors (RII) are offered 16,59,375 shares while in Bajaj Corp IPO retail investors are offered 16,59,375 shares. Qualified institutional buyers (QIB) are offered 23,70,535 shares in Aster Silicates IPO and 18,90,000 shares in Bajaj Corp IPO.

	Aster Silicates IPO	Bajaj Corp IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,70,535 shares	18,90,000 shares
NII	7,11,161 shares	4,50,000 shares
RII	16,59,375 shares	13,50,000 shares
Employee
Others
Total	47,41,071 shares	36,90,000 shares

Bids Received (Subscription)

Aster Silicates IPO subscribed 4.47x in total, whereas Bajaj Corp IPO subscribed 19.29x.

	Aster Silicates IPO	Bajaj Corp IPO
QIB (times)	0.01x	20.19x
NII (times)	12.46x	53.49x
Big NII (times)
Small NII (times)
RII (times)	7.41x	6.62x
Employee (times)
Other (times)
Total (times)	4.47x	19.29x

Compare with others

Aster Silicates IPO	Bajaj Corp IPO
Bajaj Corp IPO	Indosolar IPO
SKS Microfinance IPO	VA Tech IPO
Engineers India FPO	Coal India IPO
Midfield Industries IPO	Gujarat Pipavav IPO
Hindustan Media IPO	Prakash Steelage IPO
Technofab IPO	SKS Microfinance IPO
Parabolic Drugs IPO	Engineers India FPO
Standard Chartered IDR	Midfield Industries IPO
Jaypee Infratech IPO	Hindustan Media IPO
Mandhana Industries IPO	Aster Silicates IPO

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