Chalet Hotels Limited IPO vs Varroc Engineering IPO

Comparision between Chalet Hotels Limited IPO and Varroc Engineering IPO.

IPO Details

Chalet Hotels Limited IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varroc Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Chalet Hotels Limited IPO	Varroc Engineering 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 Jm Financial Limited Morgan Stanley India Company Pvt Ltd	Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Iifl Securities Ltd Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	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 Chalet Hotels Limited IPO is up to ₹1,641.18 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of Chalet Hotels Limited IPO is ₹280.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	Chalet Hotels Limited IPO	Varroc Engineering IPO
Face Value	₹10 per share	₹1 per share
Issue Price (Lower)	₹275.00 per share	₹965.00 per share
Issue Price (Upper)	₹280.00 per share	₹967.00 per share
Issue Price (Final)	₹280.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	53 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹950.00 Cr
OFS Issue Size	2,46,85,000 shares
OFS Issue Size (Amount)
Issue Size Total	5,86,13,571 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹1,641.18 Cr	up to ₹1,945.77 Cr

IPO Timetable

Chalet Hotels Limited IPO opens on Jan 29, 2019, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of Chalet Hotels Limited IPO and Varroc Engineering IPO is Jan 31, 2019, and Jun 28, 2018, respectively.

	Chalet Hotels Limited IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	Jan 29, 2019	Jun 26, 2018
Issue Close	Jan 31, 2019	Jun 28, 2018
Basis Of Allotment (Tentative)	Feb 05, 2019	Jul 03, 2018
Initiation of Refunds (Tentative)	Feb 06, 2019	Jul 04, 2018
Credit of Share (Tentative)	Feb 07, 2019	Jul 05, 2018
Listing date (Tentative)	Feb 07, 2019	Jul 06, 2018
Anchor Lockin End date 1	Mar 07, 2019	Aug 02, 2018
Anchor Lockin End date 2	May 06, 2019	Oct 01, 2018

Financials

Chalet Hotels Limited IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

Chalet Hotels Limited IPO

Varroc Engineering IPO

Financial

Summary of financial Information (Restated)

Particulars	For the year/period ended (in Rs. Million)
	30-Sep-18	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	37,388.22	38,300.39	37,379.91	35,529.46	34,401.52
Total Revenue	4,970.43	9,295.14	9,245.37	5,975.61	4,670.55
Profit After Tax	-436.69	311.60	1,274.38	-1,124.89	-1,263.91

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	68,523.92	58,603.80	52,458.55	44,284.68
Total Revenue	104,170.67	97,022.69	82,395.20	70,384.64
Profit After Tax	4,507.77	3,033.89	3,698.23	168.09

Promoter Shareholding (Pre-Issue)

100% (171,095,293 Equity Shares)

Promoter Shareholding (Post-Issue)

At least 10% of the post-Offer paid-up Equity Shar

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Chalet Hotels Limited IPO retail investors (RII) are offered 2,07,30,659 shares while in Varroc Engineering IPO retail investors are offered 2,07,30,659 shares. Qualified institutional buyers (QIB) are offered 1,17,11,444 shares in Chalet Hotels Limited IPO and 40,24,346 shares in Varroc Engineering IPO.

	Chalet Hotels Limited IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,17,11,444 shares	40,24,346 shares
NII	88,84,569 shares	30,18,260 shares
RII	2,07,30,659 shares	70,42,606 shares
Employee	0 shares	1,00,000 shares
Others
Total	4,13,26,672 shares	1,41,85,212 shares

Bids Received (Subscription)

Chalet Hotels Limited IPO subscribed 1.57x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	Chalet Hotels Limited IPO	Varroc Engineering IPO
QIB (times)	4.66x	9.15x
NII (times)	1.10x	2.45x
Big NII (times)
Small NII (times)
RII (times)	0.03x	0.84x
Employee (times)		0.63x
Other (times)
Total (times)	1.57x	3.54x

Compare with others

Chalet Hotels Limited IPO	Varroc Engineering IPO
MSTC IPO	Garden Reach Shipbuilders IPO
Xelpmoc Design and Tech IPO	Chalet Hotels Limited IPO
Aavas Financiers IPO	TCNS Clothing IPO
IRCON International IPO	CreditAccess Grameen IPO
Garden Reach Shipbuilders IPO	HDFC AMC IPO
TCNS Clothing IPO	Fine Organic IPO
CreditAccess Grameen IPO	RITES Limited IPO
HDFC AMC IPO	IndoStar Capital Finance IPO
Varroc Engineering IPO	Lemon Tree Hotels IPO
Fine Organic IPO	ICICI Securities IPO

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