Electrosteel IPO vs Tirupati Inks FPO

Comparision between Electrosteel IPO and Tirupati Inks FPO.

IPO Details

Electrosteel IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tirupati Inks FPO is a Mainline Book Built Issue proposed to list at BSE.

	Electrosteel IPO	Tirupati Inks FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Edelweiss Financial Services Ltd Axis Capital Limited SBI Capital Markets Limited	Ashika Capital Ltd
Registrar	Kfin Technologies Limited	Beetal Financial & Computer Services (P) Limited
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 Tirupati Inks FPO is up to ₹51.50 Cr. The final issue price of Electrosteel IPO is ₹11.00 per share and of Tirupati Inks FPO is ₹43.00 per share.

	Electrosteel IPO	Tirupati Inks FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹10.00 per share	₹41.00 per share
Issue Price (Upper)	₹11.00 per share	₹43.00 per share
Issue Price (Final)	₹11.00 per share	₹43.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	600 shares	150 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	22,55,16,188 shares	1,19,76,745 shares
Issue Size Total (Amount)	up to ₹248.07 Cr	up to ₹51.50 Cr

IPO Timetable

Electrosteel IPO opens on Sep 21, 2010, while Tirupati Inks FPO opens on Sep 14, 2010. The closing date of Electrosteel IPO and Tirupati Inks FPO is Sep 24, 2010, and Sep 17, 2010, respectively.

	Electrosteel IPO	Tirupati Inks FPO
Anchor Bid Date
Issue Open	Sep 21, 2010	Sep 14, 2010
Issue Close	Sep 24, 2010	Sep 17, 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 Tirupati Inks FPO P/E ratio of .

Electrosteel IPO

Tirupati Inks FPO

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	3733.41	5019.68	35.59	69.89	1.44	0.27
Profit After Tax (PAT)	102.32	80.00	0.18	15.25	0.05	(0.33)

Promoter Shareholding (Pre-Issue)

36.83%

44.14%

Promoter Shareholding (Post-Issue)

12.31%

26.92%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

31.47%%

Shares Offered

In the Electrosteel IPO retail investors (RII) are offered 6,76,54,856 shares while in Tirupati Inks FPO retail investors are offered 6,76,54,856 shares. Qualified institutional buyers (QIB) are offered 13,53,09,713 shares in Electrosteel IPO and 48,76,829 shares in Tirupati Inks FPO.

	Electrosteel IPO	Tirupati Inks FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	13,53,09,713 shares	48,76,829 shares
NII	2,25,51,619 shares	14,63,049 shares
RII	6,76,54,856 shares	34,13,780 shares
Employee
Others
Total	22,55,16,188 shares	97,53,658 shares

Bids Received (Subscription)

Electrosteel IPO subscribed 8.23x in total, whereas Tirupati Inks FPO subscribed 8.77x.

	Electrosteel IPO	Tirupati Inks FPO
QIB (times)	5.86x	1.78x
NII (times)	28.58x	23.18x
Big NII (times)
Small NII (times)
RII (times)	6.19x	12.59x
Employee (times)
Other (times)
Total (times)	8.23x	8.77x

Compare with others

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

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