Electrosteel IPO vs Microsec Financial IPO

Comparision between Electrosteel IPO and Microsec Financial IPO.

IPO Details

Electrosteel IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Microsec Financial IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Electrosteel IPO	Microsec Financial 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	Edelweiss Financial Services Ltd Axis Capital Limited SBI Capital Markets Limited	SBI Capital Markets 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 Electrosteel IPO is up to ₹248.07 Cr whereas the issue size of the Microsec Financial IPO is up to ₹147.50 Cr. The final issue price of Electrosteel IPO is ₹11.00 per share and of Microsec Financial IPO is ₹118.00 per share.

	Electrosteel IPO	Microsec Financial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹10.00 per share	₹113.00 per share
Issue Price (Upper)	₹11.00 per share	₹118.00 per share
Issue Price (Final)	₹11.00 per share	₹118.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	52 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,55,16,188 shares	1,25,00,000 shares
Issue Size Total (Amount)	up to ₹248.07 Cr	up to ₹147.50 Cr

IPO Timetable

Electrosteel IPO opens on Sep 21, 2010, while Microsec Financial IPO opens on Sep 17, 2010. The closing date of Electrosteel IPO and Microsec Financial IPO is Sep 24, 2010, and Sep 21, 2010, respectively.

	Electrosteel IPO	Microsec Financial IPO
Anchor Bid Date
Issue Open	Sep 21, 2010	Sep 17, 2010
Issue Close	Sep 24, 2010	Sep 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

Electrosteel IPO P/E ratio is , as compared to Microsec Financial IPO P/E ratio of .

Electrosteel IPO

Microsec Financial IPO

Financial

Particulars	For the year/period ended (Rs. in Million)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	87.55	142.40	127.77	39.54	17.03	9.64
Profit After Tax (PAT)	48.12	56.06	77.03	28.86	18.71	0.01

Promoter Shareholding (Pre-Issue)

36.83%

90.25%

Promoter Shareholding (Post-Issue)

12.31%

54.78%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

19.68%%

Shares Offered

In the Electrosteel IPO retail investors (RII) are offered 6,76,54,856 shares while in Microsec Financial IPO retail investors are offered 6,76,54,856 shares. Qualified institutional buyers (QIB) are offered 13,53,09,713 shares in Electrosteel IPO and 62,50,000 shares in Microsec Financial IPO.

	Electrosteel IPO	Microsec Financial IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,53,09,713 shares	62,50,000 shares
NII	2,25,51,619 shares	18,75,000 shares
RII	6,76,54,856 shares	43,75,000 shares
Employee
Others
Total	22,55,16,188 shares	1,25,00,000 shares

Bids Received (Subscription)

Electrosteel IPO subscribed 8.23x in total, whereas Microsec Financial IPO subscribed 12.20x.

	Electrosteel IPO	Microsec Financial IPO
QIB (times)	5.86x	5.91x
NII (times)	28.58x	35.88x
Big NII (times)
Small NII (times)
RII (times)	6.19x	11.04x
Employee (times)
Other (times)
Total (times)	8.23x	12.20x

Compare with others

Electrosteel IPO	Microsec Financial IPO
Sea TV Network IPO	Tecpro IPO
Cantabil IPO	Gallantt Ispat IPO
Ashoka IPO	Electrosteel IPO
Tecpro IPO	Orient Green IPO
Gallantt Ispat IPO	Ramky Infra IPO
Orient Green IPO	Career Point IPO
Ramky Infra IPO	Tirupati Inks FPO
Microsec Financial IPO	Eros IPO
Career Point IPO	Indosolar IPO
Tirupati Inks FPO	VA Tech IPO

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