Embassy Office Parks vs MSTC IPO

Comparision between Embassy Office Parks and MSTC IPO.

IPO Details

Embassy Office Parks is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while MSTC IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Embassy Office Parks	MSTC IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	REIT	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE, NSE
Lead Managers	Axis Capital Limited Credit Suisse Securities (India) Private Limited Deutsche Equities India Private Limited Goldman Sachs (India) Securities Private Limited Hsbc Securities & Capital Markets Pvt Ltd Iifl Securities Ltd Jm Financial Limited Nomura Financial Advisory And Securities (India) Pvt Ltd	Equirus Capital Private Limited
Registrar	Kfin Technologies Limited	Alankit Assignments 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 Embassy Office Parks is up to ₹4,750.00 Cr whereas the issue size of the MSTC IPO is up to ₹212.04 Cr. The final issue price of Embassy Office Parks is ₹300.00 per share and of MSTC IPO is ₹120.00 per share.

	Embassy Office Parks	MSTC IPO
Face Value	₹300 per share	₹10 per share
Issue Price (Lower)	₹299.00 per share	₹120.00 per share
Issue Price (Upper)	₹300.00 per share	₹128.00 per share
Issue Price (Final)	₹300.00 per share	₹120.00 per share
Discount (Retail)		₹5.50 per share
Discount (Employee)		₹5.50 per share
Market Lot Size	400 shares	90 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	15,83,33,200 shares	1,76,70,400 shares
Issue Size Total (Amount)	up to ₹4,750.00 Cr	up to ₹212.04 Cr

IPO Timetable

Embassy Office Parks opens on Mar 18, 2019, while MSTC IPO opens on Mar 13, 2019. The closing date of Embassy Office Parks and MSTC IPO is Mar 20, 2019, and Mar 20, 2019, respectively.

	Embassy Office Parks	MSTC IPO
Anchor Bid Date
Issue Open	Mar 18, 2019	Mar 13, 2019
Issue Close	Mar 20, 2019	Mar 20, 2019
Basis Of Allotment (Tentative)	Mar 28, 2019	Mar 25, 2019
Initiation of Refunds (Tentative)	Mar 29, 2019	Mar 26, 2019
Credit of Share (Tentative)		Mar 28, 2019
Listing date (Tentative)	Apr 01, 2019	Mar 29, 2019
Anchor Lockin End date 1	Apr 27, 2019	Apr 24, 2019
Anchor Lockin End date 2	Jun 26, 2019	Jun 23, 2019

Financials

Embassy Office Parks P/E ratio is , as compared to MSTC IPO P/E ratio of .

Embassy Office Parks

MSTC IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. millions)
	31-Dec-18	31-Mar-18	31-Mar-17	31-Mar-16
Total Assets	1,37,790.86	1,35,155.22	1,11,968.97	1,05,490.00
Total Revenue	13,759.83	16,118.00	14,849.20	13,970.16
Profit After Tax	2,851.14	2,569.08	1,770.57	931.83

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
Total Assets	42,566.28	47,378.56	45,998.14	41,621.75
Total Revenue	14,915.50	27,931.50	18,762.00	33,078.00
Profit After Tax	(158.84)	(64.81)	1,391.50	(2,471.00)

Promoter Shareholding (Pre-Issue)

89.85%

Promoter Shareholding (Post-Issue)

64.75%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Embassy Office Parks retail investors (RII) are offered 0 shares while in MSTC IPO retail investors are offered 0 shares. Qualified institutional buyers (QIB) are offered 3,88,66,800 shares in Embassy Office Parks and 1,32,00,000 shares in MSTC IPO.

	Embassy Office Parks	MSTC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	3,88,66,800 shares	1,32,00,000 shares
NII	3,23,89,600 shares	26,40,000 shares
RII	0 shares	17,60,000 shares
Employee	0 shares	70,400 shares
Others
Total	7,12,56,400 shares	1,76,70,400 shares

Bids Received (Subscription)

Embassy Office Parks subscribed 2.57x in total, whereas MSTC IPO subscribed 1.46x.

	Embassy Office Parks	MSTC IPO
QIB (times)	2.15x	1.13x
NII (times)	3.09x	2.15x
Big NII (times)
Small NII (times)
RII (times)		2.95x
Employee (times)		1.54x
Other (times)
Total (times)	2.57x	1.46x

Compare with others

Embassy Office Parks	MSTC IPO
IndiaMart IPO	Neogen Chemicals IPO
Neogen Chemicals IPO	Rail Vikas IPO
Rail Vikas IPO	Polycab IPO
Polycab IPO	Metropolis IPO
Metropolis IPO	Embassy Office Parks
MSTC IPO	Xelpmoc Design and Tech IPO
Xelpmoc Design and Tech IPO	Aavas Financiers IPO
Aavas Financiers IPO	IRCON International IPO
IRCON International IPO	Garden Reach Shipbuilders IPO
Garden Reach Shipbuilders IPO	Chalet Hotels Limited IPO

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