Aster Silicates IPO vs Midfield Industries IPO

Comparision between Aster Silicates IPO and Midfield Industries IPO.

IPO Details

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

	Aster Silicates IPO	Midfield Industries IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Saffron Capital Advisors Private Limited	Atherstone Capital Markets Limited
Registrar	Sharepro Services Private Limited	Bigshare Services Pvt Ltd
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 Midfield Industries IPO is up to ₹59.85 Cr. The final issue price of Aster Silicates IPO is ₹118.00 per share and of Midfield Industries IPO is ₹133.00 per share.

	Aster Silicates IPO	Midfield Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹112.00 per share	₹126.00 per share
Issue Price (Upper)	₹118.00 per share	₹133.00 per share
Issue Price (Final)	₹118.00 per share	₹133.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	50 shares	50 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 ₹59.85 Cr

IPO Timetable

Aster Silicates IPO opens on Jun 24, 2010, while Midfield Industries IPO opens on Jul 19, 2010. The closing date of Aster Silicates IPO and Midfield Industries IPO is Jun 28, 2010, and Jul 21, 2010, respectively.

	Aster Silicates IPO	Midfield Industries IPO
Anchor Bid Date
Issue Open	Jun 24, 2010	Jul 19, 2010
Issue Close	Jun 28, 2010	Jul 21, 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 Midfield Industries IPO P/E ratio of .

Aster Silicates IPO

Midfield Industries 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 Million)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	843.91	701.64	521.16	439.10	262.91
Profit After Tax (PAT)	59.09	41.60	18.67	17.10	2.12

Promoter Shareholding (Pre-Issue)

71.43%

79.76%

Promoter Shareholding (Post-Issue)

49.8%

51.77%

P/E Ratio

Market Cap

ROE

ROCE

16.36%%

Debt/Equity

EPS

RoNW

14.18%%

24.16%%

Shares Offered

In the Aster Silicates IPO retail investors (RII) are offered 16,59,375 shares while in Midfield Industries IPO retail investors are offered 16,59,375 shares. Qualified institutional buyers (QIB) are offered 23,70,535 shares in Aster Silicates IPO and 22,50,000 shares in Midfield Industries IPO.

	Aster Silicates IPO	Midfield Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	23,70,535 shares	22,50,000 shares
NII	7,11,161 shares	6,75,000 shares
RII	16,59,375 shares	15,75,000 shares
Employee
Others
Total	47,41,071 shares	45,00,000 shares

Bids Received (Subscription)

Aster Silicates IPO subscribed 4.47x in total, whereas Midfield Industries IPO subscribed 12.92x.

	Aster Silicates IPO	Midfield Industries IPO
QIB (times)	0.01x	1.86x
NII (times)	12.46x	48.41x
Big NII (times)
Small NII (times)
RII (times)	7.41x	13.51x
Employee (times)
Other (times)
Total (times)	4.47x	12.92x

Compare with others

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

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