Eris Lifesciences IPO vs IndiGrid InvIT Fund

Comparision between Eris Lifesciences IPO and IndiGrid InvIT Fund.

IPO Details

Eris Lifesciences IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IndiGrid InvIT Fund is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Eris Lifesciences IPO	IndiGrid InvIT Fund
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	Axis Capital Limited Citigroup Global Markets India Private Limited Credit Suisse Securities (India) Private Limited	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Morgan Stanley India Company Pvt Ltd
Registrar	Link Intime India Private Ltd	Kfin Technologies 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 Eris Lifesciences IPO is up to ₹1,741.16 Cr whereas the issue size of the IndiGrid InvIT Fund is up to ₹2,250.00 Cr. The final issue price of Eris Lifesciences IPO is ₹603.00 per share and of IndiGrid InvIT Fund is ₹100.00 per share.

	Eris Lifesciences IPO	IndiGrid InvIT Fund
Face Value	₹1 per share	₹100 per share
Issue Price (Lower)	₹600.00 per share	₹98.00 per share
Issue Price (Upper)	₹603.00 per share	₹100.00 per share
Issue Price (Final)	₹603.00 per share	₹100.00 per share
Discount (Retail)
Discount (Employee)	₹60.00 per share
Market Lot Size	24 shares	10205 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size	2,88,75,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,88,75,000 shares	22,50,00,000 shares
Issue Size Total (Amount)	up to ₹1,741.16 Cr	up to ₹2,250.00 Cr

IPO Timetable

Eris Lifesciences IPO opens on Jun 16, 2017, while IndiGrid InvIT Fund opens on May 17, 2017. The closing date of Eris Lifesciences IPO and IndiGrid InvIT Fund is Jun 20, 2017, and May 19, 2017, respectively.

	Eris Lifesciences IPO	IndiGrid InvIT Fund
Anchor Bid Date
Issue Open	Jun 16, 2017	May 17, 2017
Issue Close	Jun 20, 2017	May 19, 2017
Basis Of Allotment (Tentative)	Jun 23, 2017
Initiation of Refunds (Tentative)	Jun 27, 2017
Credit of Share (Tentative)	Jun 28, 2017
Listing date (Tentative)	Jun 29, 2017
Anchor Lockin End date 1	Jul 23, 2017
Anchor Lockin End date 2	Sep 21, 2017

Financials

Eris Lifesciences IPO P/E ratio is , as compared to IndiGrid InvIT Fund P/E ratio of .

Eris Lifesciences IPO

IndiGrid InvIT Fund

Financial

Summary of financial Information (Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	3,973.59	3,572.85	2,705.99	1,718.05	1,019.67
Total Revenue	5,970.21	5,455.58	5,088.22	3,930.64	2,739.40
Profit After Tax	1,348.58	892.59	709.12	584.40	370.63

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the Eris Lifesciences IPO retail investors (RII) are offered 28,72,500 shares while in IndiGrid InvIT Fund retail investors are offered 28,72,500 shares. Qualified institutional buyers (QIB) are offered 86,17,500 shares in Eris Lifesciences IPO and 6,88,80,294 shares in IndiGrid InvIT Fund.

	Eris Lifesciences IPO	IndiGrid InvIT Fund
Anchor Investor Reserveration
Market Maker Reserveration
QIB	86,17,500 shares	6,88,80,294 shares
NII	43,08,750 shares
RII	28,72,500 shares
Employee	1,50,000 shares
Others
Total	1,59,48,750 shares	12,62,78,838 shares

Bids Received (Subscription)

Eris Lifesciences IPO subscribed 3.29x in total, whereas IndiGrid InvIT Fund subscribed 1.35x.

	Eris Lifesciences IPO	IndiGrid InvIT Fund
QIB (times)	4.68x	1.14x
NII (times)	0.45x
Big NII (times)
Small NII (times)
RII (times)	3.51x
Employee (times)	0.86x
Other (times)		1.60x
Total (times)	3.29x	1.35x

Compare with others

Eris Lifesciences IPO	IndiGrid InvIT Fund
SiS IPO	Salasar Techno IPO
Cochin Shipyard IPO	Au Financiers IPO
Salasar Techno IPO	GTPL Hathway IPO
Au Financiers IPO	Eris Lifesciences IPO
GTPL Hathway IPO	Tejas Networks IPO
Tejas Networks IPO	PSP Projects IPO
IndiGrid InvIT Fund	IRB InvIT Fund IPO
PSP Projects IPO	S Chand and Company IPO
IRB InvIT Fund IPO	HUDCO IPO
S Chand and Company IPO	Shankara Buildpro IPO

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