Eros IPO vs Prakash Steelage IPO

Comparision between Eros IPO and Prakash Steelage IPO.

IPO Details

Eros IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Prakash Steelage IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Eros IPO	Prakash Steelage 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	Keynote Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Prakash Steelage IPO is up to ₹68.75 Cr. The final issue price of Eros IPO is ₹175.00 per share and of Prakash Steelage IPO is ₹110.00 per share.

	Eros IPO	Prakash Steelage IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹158.00 per share	₹100.00 per share
Issue Price (Upper)	₹175.00 per share	₹110.00 per share
Issue Price (Final)	₹175.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	40 shares	60 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	2,00,00,000 shares	62,50,000 shares
Issue Size Total (Amount)	up to ₹350.00 Cr	up to ₹68.75 Cr

IPO Timetable

Eros IPO opens on Sep 17, 2010, while Prakash Steelage IPO opens on Aug 05, 2010. The closing date of Eros IPO and Prakash Steelage IPO is Sep 21, 2010, and Aug 10, 2010, respectively.

	Eros IPO	Prakash Steelage IPO
Anchor Bid Date
Issue Open	Sep 17, 2010	Aug 05, 2010
Issue Close	Sep 21, 2010	Aug 10, 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 Prakash Steelage IPO P/E ratio of .

Eros IPO

Prakash Steelage 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 Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	19,191.02	32,247.36	23,238.20	16,005.63	9,894.02	6,147.99
Profit After Tax (PAT)	746.10	749.71	820.38	314.30	81.00	33.81

Promoter Shareholding (Pre-Issue)

100%

Promoter Shareholding (Post-Issue)

64.29%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

31.6%%

35.03%%

Shares Offered

In the Eros IPO retail investors (RII) are offered 66,45,569 shares while in Prakash Steelage IPO retail investors are offered 66,45,569 shares. Qualified institutional buyers (QIB) are offered 96,91,140 shares in Eros IPO and 30,75,000 shares in Prakash Steelage IPO.

	Eros IPO	Prakash Steelage IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	96,91,140 shares	30,75,000 shares
NII	22,15,189 shares	9,22,500 shares
RII	66,45,569 shares	21,52,500 shares
Employee		1,00,000 shares
Others
Total	1,85,51,898 shares	62,50,000 shares

Bids Received (Subscription)

Eros IPO subscribed 26.51x in total, whereas Prakash Steelage IPO subscribed 4.53x.

	Eros IPO	Prakash Steelage IPO
QIB (times)	25.79x	1.27x
NII (times)	73.40x	10.91x
Big NII (times)
Small NII (times)
RII (times)	11.95x	6.62x
Employee (times)		1.02x
Other (times)
Total (times)	26.51x	4.53x

Compare with others

Eros IPO	Prakash Steelage 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
Indosolar IPO	Bajaj Corp IPO
VA Tech IPO	SKS Microfinance IPO
Coal India IPO	Engineers India FPO
Gujarat Pipavav IPO	Midfield Industries IPO
Prakash Steelage IPO	Hindustan Media IPO

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