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Garden Reach Shipbuilders IPO vs MSTC IPO

Comparision between Garden Reach Shipbuilders IPO and MSTC IPO.

IPO Details

Garden Reach Shipbuilders IPO 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.

  Garden Reach Shipbuilders IPO MSTC IPO
Logo Garden Reach Shipbuilders IPO Logo MSTC 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 Idbi Capital Market Services Limited

Yes Securities (India) Limited
Equirus Capital Private Limited
Registrar Alankit Assignments Ltd 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 Garden Reach Shipbuilders IPO is up to ₹344.69 Cr whereas the issue size of the MSTC IPO is up to ₹212.04 Cr. The final issue price of Garden Reach Shipbuilders IPO is ₹118.00 per share and of MSTC IPO is ₹120.00 per share.

  Garden Reach Shipbuilders IPO MSTC IPO
Face Value ₹10 per share ₹10 per share
Issue Price (Lower) ₹114.00 per share ₹120.00 per share
Issue Price (Upper) ₹118.00 per share ₹128.00 per share
Issue Price (Final) ₹118.00 per share ₹120.00 per share
Discount (Retail) ₹5.50 per share
Discount (Employee) ₹5.50 per share
Market Lot Size 120 shares 90 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total 2,92,10,760 shares 1,76,70,400 shares
Issue Size Total (Amount) up to ₹344.69 Cr up to ₹212.04 Cr

IPO Timetable

Garden Reach Shipbuilders IPO opens on Sep 24, 2018, while MSTC IPO opens on Mar 13, 2019. The closing date of Garden Reach Shipbuilders IPO and MSTC IPO is Oct 01, 2018, and Mar 20, 2019, respectively.

  Garden Reach Shipbuilders IPO MSTC IPO
Anchor Bid Date
Issue Open Sep 24, 2018 Mar 13, 2019
Issue Close Oct 01, 2018 Mar 20, 2019
Basis Of Allotment (Tentative) Oct 01, 2018 Mar 25, 2019
Initiation of Refunds (Tentative) Oct 03, 2018 Mar 26, 2019
Credit of Share (Tentative) Oct 03, 2018 Mar 28, 2019
Listing date (Tentative) Oct 10, 2018 Mar 29, 2019
Anchor Lockin End date 1 Oct 31, 2018 Apr 24, 2019
Anchor Lockin End date 2 Dec 30, 2018 Jun 23, 2019

Financials

Garden Reach Shipbuilders IPO P/E ratio is , as compared to MSTC IPO P/E ratio of .

  Garden Reach Shipbuilders IPO MSTC IPO
Financial
Summary of financial Information (Restated)
Particulars For the year/period ended (in Rs. Millions)
30-Sep-17 31-Mar-17 31-Mar-16 31-Mar-15(Proforma)
Total Assets 46,999.32 45,650.04 44,514.94 40,009.76
Total Revenue 5,8583.93 11,579.57 18,467.47 16,391.63
Profit After Tax 180.69 122.32 1,620.47 517.28
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 Garden Reach Shipbuilders IPO retail investors (RII) are offered 1,00,23,300 shares while in MSTC IPO retail investors are offered 1,00,23,300 shares. Qualified institutional buyers (QIB) are offered 1,43,19,000 shares in Garden Reach Shipbuilders IPO and 1,32,00,000 shares in MSTC IPO.

  Garden Reach Shipbuilders IPO MSTC IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB 1,43,19,000 shares 1,32,00,000 shares
NII 42,95,700 shares 26,40,000 shares
RII 1,00,23,300 shares 17,60,000 shares
Employee 5,72,760 shares 70,400 shares
Others
Total 2,92,10,760 shares 1,76,70,400 shares

Bids Received (Subscription)

Garden Reach Shipbuilders IPO subscribed 1.02x in total, whereas MSTC IPO subscribed 1.46x.

  Garden Reach Shipbuilders IPO MSTC IPO
QIB (times) 1.81x 1.13x
NII (times) 0.31x 2.15x
Big NII (times)
Small NII (times)
RII (times) 0.24x 2.95x
Employee (times) 0.14x 1.54x
Other (times)
Total (times) 1.02x 1.46x

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