Eros IPO vs Microsec Financial IPO

Comparision between Eros IPO and Microsec Financial IPO.

IPO Details

Eros 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.

	Eros 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	Axis Capital Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd	SBI Capital Markets Limited
Registrar	Link Intime India Private Ltd	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 Eros IPO is up to ₹350.00 Cr whereas the issue size of the Microsec Financial IPO is up to ₹147.50 Cr. The final issue price of Eros IPO is ₹175.00 per share and of Microsec Financial IPO is ₹118.00 per share.

	Eros IPO	Microsec Financial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹158.00 per share	₹113.00 per share
Issue Price (Upper)	₹175.00 per share	₹118.00 per share
Issue Price (Final)	₹175.00 per share	₹118.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	52 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,00,00,000 shares	1,25,00,000 shares
Issue Size Total (Amount)	up to ₹350.00 Cr	up to ₹147.50 Cr

IPO Timetable

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

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

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

Eros IPO

Microsec Financial IPO

Financial

Particulars	For the year/period ended (Rupees in lakhs)
	31-Mar-10	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06
Total Income	54,750.75	47,960.79	43,878.07	18,431.86	9,497.38
Profit After Tax (PAT)	5,163.85	4,792.83	3,448.34	327.11	122.56

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)

90.25%

Promoter Shareholding (Post-Issue)

54.78%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

31.6%%

19.68%%

Shares Offered

In the Eros IPO retail investors (RII) are offered 66,45,569 shares while in Microsec Financial IPO retail investors are offered 66,45,569 shares. Qualified institutional buyers (QIB) are offered 96,91,140 shares in Eros IPO and 62,50,000 shares in Microsec Financial IPO.

	Eros IPO	Microsec Financial IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	96,91,140 shares	62,50,000 shares
NII	22,15,189 shares	18,75,000 shares
RII	66,45,569 shares	43,75,000 shares
Employee
Others
Total	1,85,51,898 shares	1,25,00,000 shares

Bids Received (Subscription)

Eros IPO subscribed 26.51x in total, whereas Microsec Financial IPO subscribed 12.20x.

	Eros IPO	Microsec Financial IPO
QIB (times)	25.79x	5.91x
NII (times)	73.40x	35.88x
Big NII (times)
Small NII (times)
RII (times)	11.95x	11.04x
Employee (times)
Other (times)
Total (times)	26.51x	12.20x

Compare with others

Eros IPO	Microsec Financial IPO
Orient Green IPO	Tecpro IPO
Ramky Infra IPO	Gallantt Ispat IPO
Microsec Financial IPO	Electrosteel IPO
Career Point IPO	Orient Green IPO
Tirupati Inks FPO	Ramky Infra IPO
Indosolar IPO	Career Point IPO
VA Tech IPO	Tirupati Inks FPO
Coal India IPO	Eros IPO
Gujarat Pipavav IPO	Indosolar IPO
Prakash Steelage IPO	VA Tech IPO

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