Gujarat Pipavav IPO vs Tirupati Inks FPO

Comparision between Gujarat Pipavav IPO and Tirupati Inks FPO.

IPO Details

Gujarat Pipavav IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Tirupati Inks FPO is a Mainline Book Built Issue proposed to list at BSE.

	Gujarat Pipavav IPO	Tirupati Inks FPO
Logo
Issue Category	Mainline	Mainline
Issue Type	IPO	FPO
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	Ashika Capital Ltd
Registrar	Kfin Technologies Limited	Beetal Financial & Computer Services (P) Limited
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 Tirupati Inks FPO is up to ₹51.50 Cr. The final issue price of Gujarat Pipavav IPO is ₹46.00 per share and of Tirupati Inks FPO is ₹43.00 per share.

	Gujarat Pipavav IPO	Tirupati Inks FPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹42.00 per share	₹41.00 per share
Issue Price (Upper)	₹48.00 per share	₹43.00 per share
Issue Price (Final)	₹46.00 per share	₹43.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	130 shares	150 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	10,86,95,652 shares	1,19,76,745 shares
Issue Size Total (Amount)	up to ₹500.00 Cr	up to ₹51.50 Cr

IPO Timetable

Gujarat Pipavav IPO opens on Aug 23, 2010, while Tirupati Inks FPO opens on Sep 14, 2010. The closing date of Gujarat Pipavav IPO and Tirupati Inks FPO is Aug 26, 2010, and Sep 17, 2010, respectively.

	Gujarat Pipavav IPO	Tirupati Inks FPO
Anchor Bid Date
Issue Open	Aug 23, 2010	Sep 14, 2010
Issue Close	Aug 26, 2010	Sep 17, 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 Tirupati Inks FPO P/E ratio of .

Gujarat Pipavav IPO

Tirupati Inks FPO

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 Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	3733.41	5019.68	35.59	69.89	1.44	0.27
Profit After Tax (PAT)	102.32	80.00	0.18	15.25	0.05	(0.33)

Promoter Shareholding (Pre-Issue)

57.9%

44.14%

Promoter Shareholding (Post-Issue)

43%

26.92%

P/E Ratio

Market Cap

ROE

ROCE

-0.3%%

Debt/Equity

EPS

RoNW

-33.4%%

31.47%%

Shares Offered

In the Gujarat Pipavav IPO retail investors (RII) are offered 3,85,57,368 shares while in Tirupati Inks FPO 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 48,76,829 shares in Tirupati Inks FPO.

	Gujarat Pipavav IPO	Tirupati Inks FPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	5,66,32,410 shares	48,76,829 shares
NII	1,28,52,456 shares	14,63,049 shares
RII	3,85,57,368 shares	34,13,780 shares
Employee	23,80,952 shares
Others
Total	11,04,23,186 shares	97,53,658 shares

Bids Received (Subscription)

Gujarat Pipavav IPO subscribed 19.94x in total, whereas Tirupati Inks FPO subscribed 8.77x.

	Gujarat Pipavav IPO	Tirupati Inks FPO
QIB (times)	13.20x	1.78x
NII (times)	85.70x	23.18x
Big NII (times)
Small NII (times)
RII (times)	9.15x	12.59x
Employee (times)	0.09x
Other (times)
Total (times)	19.94x	8.77x

Compare with others

Gujarat Pipavav IPO	Tirupati Inks FPO
Tirupati Inks FPO	Electrosteel IPO
Eros IPO	Orient Green IPO
Indosolar IPO	Ramky Infra IPO
VA Tech IPO	Microsec Financial IPO
Coal India IPO	Career Point IPO
Prakash Steelage IPO	Eros IPO
Bajaj Corp IPO	Indosolar IPO
SKS Microfinance IPO	VA Tech IPO
Engineers India FPO	Coal India IPO
Midfield Industries IPO	Gujarat Pipavav IPO

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