Gujarat Pipavav IPO vs Midfield Industries IPO

Comparision between Gujarat Pipavav IPO and Midfield Industries IPO.

IPO Details

Gujarat Pipavav IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Midfield Industries IPO is a Mainline Book Built Issue proposed to list at BSE.

	Gujarat Pipavav IPO	Midfield Industries IPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	IPO
Process Type	Book Built Issue	Book Built Issue
Listing At	BSE, NSE	BSE
Lead Managers	Dam Capital Advisors Ltd (Formerly Idfc Securities Ltd) Kotak Mahindra Capital Company Limited	Atherstone Capital Markets Limited
Registrar	Kfin Technologies Limited	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 Gujarat Pipavav IPO is up to ₹500.00 Cr whereas the issue size of the Midfield Industries IPO is up to ₹59.85 Cr. The final issue price of Gujarat Pipavav IPO is ₹46.00 per share and of Midfield Industries IPO is ₹133.00 per share.

	Gujarat Pipavav IPO	Midfield Industries IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹42.00 per share	₹126.00 per share
Issue Price (Upper)	₹48.00 per share	₹133.00 per share
Issue Price (Final)	₹46.00 per share	₹133.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	130 shares	50 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	10,86,95,652 shares	45,00,000 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹59.85 Cr

IPO Timetable

Gujarat Pipavav IPO opens on Aug 23, 2010, while Midfield Industries IPO opens on Jul 19, 2010. The closing date of Gujarat Pipavav IPO and Midfield Industries IPO is Aug 26, 2010, and Jul 21, 2010, respectively.

	Gujarat Pipavav IPO	Midfield Industries IPO
Anchor Bid Date
Issue Open	Aug 23, 2010	Jul 19, 2010
Issue Close	Aug 26, 2010	Jul 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

Gujarat Pipavav IPO P/E ratio is , as compared to Midfield Industries IPO P/E ratio of .

Gujarat Pipavav IPO

Midfield Industries IPO

Financial

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-10	31-Dec-09	31-Dec-08	31-Dec-07	31-Dec-06	31-Dec-05
Total Income	567.79	2,244.98	1,984.56	1,649.64	1,424.21	701.73
Profit After Tax (PAT)	(277.66)	(1,176.69)	(676.01)	(460.22)	(518.34)	(525.52)

Particulars	For the year/period ended (Rs. in Million)
	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	843.91	701.64	521.16	439.10	262.91
Profit After Tax (PAT)	59.09	41.60	18.67	17.10	2.12

Promoter Shareholding (Pre-Issue)

57.9%

79.76%

Promoter Shareholding (Post-Issue)

43%

51.77%

P/E Ratio

Market Cap

ROE

ROCE

-0.3%%

Debt/Equity

EPS

RoNW

-33.4%%

24.16%%

Shares Offered

In the Gujarat Pipavav IPO retail investors (RII) are offered 3,85,57,368 shares while in Midfield Industries IPO retail investors are offered 3,85,57,368 shares. Qualified institutional buyers (QIB) are offered 5,66,32,410 shares in Gujarat Pipavav IPO and 22,50,000 shares in Midfield Industries IPO.

	Gujarat Pipavav IPO	Midfield Industries IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	5,66,32,410 shares	22,50,000 shares
NII	1,28,52,456 shares	6,75,000 shares
RII	3,85,57,368 shares	15,75,000 shares
Employee	23,80,952 shares
Others
Total	11,04,23,186 shares	45,00,000 shares

Bids Received (Subscription)

Gujarat Pipavav IPO subscribed 19.94x in total, whereas Midfield Industries IPO subscribed 12.92x.

	Gujarat Pipavav IPO	Midfield Industries IPO
QIB (times)	13.20x	1.86x
NII (times)	85.70x	48.41x
Big NII (times)
Small NII (times)
RII (times)	9.15x	13.51x
Employee (times)	0.09x
Other (times)
Total (times)	19.94x	12.92x

Compare with others

Gujarat Pipavav IPO	Midfield Industries IPO
Tirupati Inks FPO	Gujarat Pipavav IPO
Eros IPO	Prakash Steelage IPO
Indosolar IPO	Bajaj Corp IPO
VA Tech IPO	SKS Microfinance IPO
Coal India IPO	Engineers India FPO
Prakash Steelage IPO	Hindustan Media IPO
Bajaj Corp IPO	Aster Silicates IPO
SKS Microfinance IPO	Technofab IPO
Engineers India FPO	Parabolic Drugs IPO
Midfield Industries IPO	Standard Chartered IDR

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