ICICI Securities IPO vs RITES Limited IPO

Comparision between ICICI Securities IPO and RITES Limited IPO.

IPO Details

ICICI Securities IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while RITES Limited IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	ICICI Securities IPO	RITES Limited 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	Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd SBI Capital Markets Limited	Elara Capital (India) Private Limited Idbi Capital Market Services Limited Idfc Bank Limited SBI Capital Markets 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 ICICI Securities IPO is up to ₹4,016.97 Cr whereas the issue size of the RITES Limited IPO is up to ₹460.51 Cr. The final issue price of ICICI Securities IPO is ₹520.00 per share and of RITES Limited IPO is ₹185.00 per share.

	ICICI Securities IPO	RITES Limited IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹519.00 per share	₹180.00 per share
Issue Price (Upper)	₹520.00 per share	₹185.00 per share
Issue Price (Final)	₹520.00 per share	₹185.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,72,49,508 shares	2,52,00,000 shares
Issue Size Total (Amount)	up to ₹4,016.97 Cr	up to ₹460.51 Cr

IPO Timetable

ICICI Securities IPO opens on Mar 22, 2018, while RITES Limited IPO opens on Jun 20, 2018. The closing date of ICICI Securities IPO and RITES Limited IPO is Mar 26, 2018, and Jun 22, 2018, respectively.

	ICICI Securities IPO	RITES Limited IPO
Anchor Bid Date
Issue Open	Mar 22, 2018	Jun 20, 2018
Issue Close	Mar 26, 2018	Jun 22, 2018
Basis Of Allotment (Tentative)	Apr 02, 2018
Initiation of Refunds (Tentative)	Apr 03, 2018
Credit of Share (Tentative)	Apr 04, 2018
Listing date (Tentative)	Apr 04, 2018
Anchor Lockin End date 1	May 02, 2018
Anchor Lockin End date 2	Jul 01, 2018

Financials

ICICI Securities IPO P/E ratio is , as compared to RITES Limited IPO P/E ratio of .

ICICI Securities IPO

RITES Limited 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	31-Mar-14	31-Mar-13
Total Assets	20,401.6	13,920.2	13,611.4	16,203.7	9,029.2
Total Revenue	14,039.0	11,235.6	12,094.6	8,117.4	7,049.7
Profit After Tax	3,376.1	2,357.4	2,439.6	733.0	756.6

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	48,031.69	44,092.06	36,056.30	36,363.82	32,867.96
Total Revenue	15,637.21	12,267.27	11,591.07	12,234.70	10,830.52
Profit After Tax	3,624.16	2,827.31	3,122.88	2,605.36	2,330.57

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the ICICI Securities IPO retail investors (RII) are offered 73,38,703 shares while in RITES Limited IPO retail investors are offered 73,38,703 shares. Qualified institutional buyers (QIB) are offered 2,20,16,111 shares in ICICI Securities IPO and 1,20,00,000 shares in RITES Limited IPO.

	ICICI Securities IPO	RITES Limited IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,20,16,111 shares	1,20,00,000 shares
NII	1,10,08,054 shares	36,00,000 shares
RII	73,38,703 shares	84,00,000 shares
Employee		12,00,000 shares
Others
Total	4,42,25,343 shares	2,52,00,000 shares

Bids Received (Subscription)

ICICI Securities IPO subscribed 0.78x in total, whereas RITES Limited IPO subscribed 66.74x.

	ICICI Securities IPO	RITES Limited IPO
QIB (times)	1.04x	71.71x
NII (times)	0.36x	194.56x
Big NII (times)
Small NII (times)
RII (times)	0.89x	14.24x
Employee (times)		0.96x
Other (times)	0.34x
Total (times)	0.78x	66.74x

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Fine Organic IPO	CreditAccess Grameen IPO
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Karda Construction IPO	ICICI Securities IPO
Hindustan Aeronautics IPO	Mishra Dhatu Nigam IPO
Bharat Dynamics IPO	Sandhar Technologies IPO

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