Bharat Road Network IPO vs Salasar Techno IPO

Comparision between Bharat Road Network IPO and Salasar Techno IPO.

IPO Details

Bharat Road Network IPO is a Mainline Fixed Price Issue IPO proposed to list at BSE, NSE while Salasar Techno IPO is a Mainline Fixed Price Issue proposed to list at BSE, NSE.

	Bharat Road Network IPO	Salasar Techno 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	Investec Capital Services (India) Pvt Ltd Iti Capital Ltd	Sarthi Capital Advisors Private Limited
Registrar	Kfin Technologies Limited	Bigshare Services 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 Bharat Road Network IPO is up to ₹600.65 Cr whereas the issue size of the Salasar Techno IPO is up to ₹35.87 Cr. The final issue price of Bharat Road Network IPO is ₹205.00 per share and of Salasar Techno IPO is ₹108.00 per share.

	Bharat Road Network IPO	Salasar Techno IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹195.00 per share
Issue Price (Upper)	₹205.00 per share
Issue Price (Final)	₹205.00 per share	₹108.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	73 shares	125 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,93,00,000 shares	33,21,000 shares
Issue Size Total (Amount)	up to ₹600.65 Cr	up to ₹35.87 Cr

IPO Timetable

Bharat Road Network IPO opens on Sep 06, 2017, while Salasar Techno IPO opens on Jul 12, 2017. The closing date of Bharat Road Network IPO and Salasar Techno IPO is Sep 08, 2017, and Jul 17, 2017, respectively.

	Bharat Road Network IPO	Salasar Techno IPO
Anchor Bid Date
Issue Open	Sep 06, 2017	Jul 12, 2017
Issue Close	Sep 08, 2017	Jul 17, 2017
Basis Of Allotment (Tentative)	Sep 13, 2017
Initiation of Refunds (Tentative)	Sep 14, 2017
Credit of Share (Tentative)	Sep 14, 2017
Listing date (Tentative)	Sep 18, 2017
Anchor Lockin End date 1	Oct 13, 2017
Anchor Lockin End date 2	Dec 12, 2017

Financials

Bharat Road Network IPO P/E ratio is , as compared to Salasar Techno IPO P/E ratio of .

Bharat Road Network IPO

Salasar Techno IPO

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	12,323.91	8,368.03	6,289.65	5,159.45	3,277.50
Total Revenue	149.28	42.52	414.88	96.40	30.59
Profit After Tax	(738.85)	(925.44)	(264.22)	(607.61)	(168.77)

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	30-Sep-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	1,678.71	1,540.29	1,457.10	1,667.45	1,114.96	989.02
Total Revenue	1,472.79	2,768.14	2,761.20	2,452.23	1,675.12	1,069.75
Profit After Tax	75.39	102.00	46.13	54.99	30.47	64.62

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bharat Road Network IPO retail investors (RII) are offered 29,30,000 shares while in Salasar Techno IPO retail investors are offered 29,30,000 shares. Qualified institutional buyers (QIB) are offered 2,19,75,000 shares in Bharat Road Network IPO and 0 shares in Salasar Techno IPO.

	Bharat Road Network IPO	Salasar Techno IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,19,75,000 shares	0 shares
NII	43,95,000 shares	16,60,500 shares
RII	29,30,000 shares	16,60,500 shares
Employee
Others
Total	2,93,00,000 shares	33,21,000 shares

Bids Received (Subscription)

Bharat Road Network IPO subscribed 1.81x in total, whereas Salasar Techno IPO subscribed 273.05x.

	Bharat Road Network IPO	Salasar Techno IPO
QIB (times)	1.33x	9,999.00x
NII (times)	1.63x	478.39x
Big NII (times)
Small NII (times)
RII (times)	5.69x	58.92x
Employee (times)
Other (times)
Total (times)	1.81x	273.05x

Compare with others

Bharat Road Network IPO	Salasar Techno IPO
SBI Life Insurance IPO	Dixon IPO
Capacite Infra IPO	Bharat Road Network IPO
Matrimony IPO	Apex Frozen Foods IPO
Prataap Snacks	SiS IPO
Dixon IPO	Cochin Shipyard IPO
Apex Frozen Foods IPO	Au Financiers IPO
SiS IPO	GTPL Hathway IPO
Cochin Shipyard IPO	Eris Lifesciences IPO
Salasar Techno IPO	Tejas Networks IPO
Au Financiers IPO	IndiGrid InvIT Fund

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