Bharat Dynamics IPO vs HG Infra IPO

Comparision between Bharat Dynamics IPO and HG Infra IPO.

IPO Details

Bharat Dynamics IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while HG Infra IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Bharat Dynamics IPO	HG Infra 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 SBI Capital Markets Limited Yes Securities (India) Limited	Hdfc Bank Limited SBI Capital Markets Limited
Registrar	Alankit Assignments Ltd	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 Bharat Dynamics IPO is up to ₹960.94 Cr whereas the issue size of the HG Infra IPO is up to ₹462.00 Cr. The final issue price of Bharat Dynamics IPO is ₹428.00 per share and of HG Infra IPO is ₹270.00 per share.

	Bharat Dynamics IPO	HG Infra IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹413.00 per share	₹263.00 per share
Issue Price (Upper)	₹428.00 per share	₹270.00 per share
Issue Price (Final)	₹428.00 per share	₹270.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	35 shares	55 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹300.00 Cr
OFS Issue Size		60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,24,51,953 shares
Issue Size Total (Amount)	up to ₹960.94 Cr	up to ₹462.00 Cr

IPO Timetable

Bharat Dynamics IPO opens on Mar 13, 2018, while HG Infra IPO opens on Feb 26, 2018. The closing date of Bharat Dynamics IPO and HG Infra IPO is Mar 15, 2018, and Feb 28, 2018, respectively.

	Bharat Dynamics IPO	HG Infra IPO
Anchor Bid Date
Issue Open	Mar 13, 2018	Feb 26, 2018
Issue Close	Mar 15, 2018	Feb 28, 2018
Basis Of Allotment (Tentative)		Mar 06, 2018
Initiation of Refunds (Tentative)		Mar 07, 2018
Credit of Share (Tentative)		Mar 08, 2018
Listing date (Tentative)		Mar 09, 2018
Anchor Lockin End date 1		Apr 05, 2018
Anchor Lockin End date 2		Jun 04, 2018

Financials

Bharat Dynamics IPO P/E ratio is , as compared to HG Infra IPO P/E ratio of .

Bharat Dynamics IPO

HG Infra IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15
Total Assets	86,007.92	96,406.32	84,119.70
Total Revenue	51,980.73	46,013.75	32,532.28
Profit After Tax	4,903.19	5,620.69	4,435.48

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,380.18	3,753.92	2,249.66	2,148.10	2,265.99
Total Revenue	9,739.72	7,148.02	3,377.33	4,465.84	3,254.40
Profit After Tax	492.97	301.83	92.22	171.71	134.90

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Bharat Dynamics IPO retail investors (RII) are offered 76,97,813 shares while in HG Infra IPO retail investors are offered 76,97,813 shares. Qualified institutional buyers (QIB) are offered 1,09,96,874 shares in Bharat Dynamics IPO and 34,33,647 shares in HG Infra IPO.

	Bharat Dynamics IPO	HG Infra IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	1,09,96,874 shares	34,33,647 shares
NII	32,99,063 shares	26,11,027 shares
RII	76,97,813 shares	60,92,396 shares
Employee	4,58,203 shares
Others
Total	2,24,51,953 shares	1,21,37,070 shares

Bids Received (Subscription)

Bharat Dynamics IPO subscribed 1.29x in total, whereas HG Infra IPO subscribed 4.98x.

	Bharat Dynamics IPO	HG Infra IPO
QIB (times)	1.50x	8.37x
NII (times)	0.50x	4.97x
Big NII (times)
Small NII (times)
RII (times)	1.37x	3.08x
Employee (times)	0.40x
Other (times)
Total (times)	1.29x	4.98x

Compare with others

Bharat Dynamics IPO	HG Infra IPO
ICICI Securities IPO	Sandhar Technologies IPO
Mishra Dhatu Nigam IPO	Karda Construction IPO
Sandhar Technologies IPO	Hindustan Aeronautics IPO
Karda Construction IPO	Bharat Dynamics IPO
Hindustan Aeronautics IPO	Bandhan Bank IPO
Bandhan Bank IPO	Aster DM Healthcare IPO
HG Infra IPO	Galaxy Surfactants IPO
Aster DM Healthcare IPO	Amber Enterprises IPO
Galaxy Surfactants IPO	Newgen Software IPO
Amber Enterprises IPO	Apollo Micro Systems IPO

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