Fine Organic IPO vs Varroc Engineering IPO

Comparision between Fine Organic IPO and Varroc Engineering IPO.

IPO Details

Fine Organic IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Varroc Engineering IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Fine Organic IPO	Varroc Engineering 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 Jm Financial Limited	Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited Iifl Securities Ltd Kotak Mahindra Capital Company 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 Fine Organic IPO is up to ₹600.20 Cr whereas the issue size of the Varroc Engineering IPO is up to ₹1,945.77 Cr. The final issue price of Fine Organic IPO is ₹783.00 per share and of Varroc Engineering IPO is ₹967.00 per share.

	Fine Organic IPO	Varroc Engineering IPO
Face Value	₹5 per share	₹1 per share
Issue Price (Lower)	₹780.00 per share	₹965.00 per share
Issue Price (Upper)	₹783.00 per share	₹967.00 per share
Issue Price (Final)	₹783.00 per share	₹967.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	19 shares	15 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	76,64,994 shares	2,01,21,730 shares
Issue Size Total (Amount)	up to ₹600.20 Cr	up to ₹1,945.77 Cr

IPO Timetable

Fine Organic IPO opens on Jun 20, 2018, while Varroc Engineering IPO opens on Jun 26, 2018. The closing date of Fine Organic IPO and Varroc Engineering IPO is Jun 22, 2018, and Jun 28, 2018, respectively.

	Fine Organic IPO	Varroc Engineering IPO
Anchor Bid Date
Issue Open	Jun 20, 2018	Jun 26, 2018
Issue Close	Jun 22, 2018	Jun 28, 2018
Basis Of Allotment (Tentative)	Jun 27, 2018	Jul 03, 2018
Initiation of Refunds (Tentative)	Jun 28, 2018	Jul 04, 2018
Credit of Share (Tentative)	Jun 28, 2018	Jul 05, 2018
Listing date (Tentative)	Jul 02, 2018	Jul 06, 2018
Anchor Lockin End date 1	Jul 27, 2018	Aug 02, 2018
Anchor Lockin End date 2	Sep 25, 2018	Oct 01, 2018

Financials

Fine Organic IPO P/E ratio is , as compared to Varroc Engineering IPO P/E ratio of .

Fine Organic IPO

Varroc Engineering IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	4,835.99	4,576.40	4,228.49	3,776.57	3,411.16	2,553.78
Total Revenue	5,928.23	7,892.24	6,661.22	6,180.49	5,746.49	4,975.10
Profit After Tax	625.89	794.76	769.64	590.91	626.12	208.97

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	68,523.92	58,603.80	52,458.55	44,284.68
Total Revenue	104,170.67	97,022.69	82,395.20	70,384.64
Profit After Tax	4,507.77	3,033.89	3,698.23	168.09

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Fine Organic IPO retail investors (RII) are offered 26,82,748 shares while in Varroc Engineering IPO retail investors are offered 26,82,748 shares. Qualified institutional buyers (QIB) are offered 15,32,999 shares in Fine Organic IPO and 40,24,346 shares in Varroc Engineering IPO.

	Fine Organic IPO	Varroc Engineering IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	15,32,999 shares	40,24,346 shares
NII	11,49,750 shares	30,18,260 shares
RII	26,82,748 shares	70,42,606 shares
Employee		1,00,000 shares
Others
Total	53,65,497 shares	1,41,85,212 shares

Bids Received (Subscription)

Fine Organic IPO subscribed 8.77x in total, whereas Varroc Engineering IPO subscribed 3.54x.

	Fine Organic IPO	Varroc Engineering IPO
QIB (times)	12.85x	9.15x
NII (times)	21.00x	2.45x
Big NII (times)
Small NII (times)
RII (times)	1.19x	0.84x
Employee (times)		0.63x
Other (times)
Total (times)	8.77x	3.54x

Compare with others

Fine Organic IPO	Varroc Engineering IPO
Chalet Hotels Limited IPO	Garden Reach Shipbuilders IPO
TCNS Clothing IPO	Chalet Hotels Limited IPO
CreditAccess Grameen IPO	TCNS Clothing IPO
HDFC AMC IPO	CreditAccess Grameen IPO
Varroc Engineering IPO	HDFC AMC IPO
RITES Limited IPO	Fine Organic IPO
IndoStar Capital Finance IPO	RITES Limited IPO
Lemon Tree Hotels IPO	IndoStar Capital Finance IPO
ICICI Securities IPO	Lemon Tree Hotels IPO
Mishra Dhatu Nigam IPO	ICICI Securities IPO

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