HUDCO IPO vs IndiGrid InvIT Fund

Comparision between HUDCO IPO and IndiGrid InvIT Fund.

IPO Details

HUDCO 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.

	HUDCO 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	ICICI Securities Limited Idbi Capital Market Services Limited Nomura Financial Advisory And Securities (India) Pvt Ltd SBI Capital Markets Limited	Citigroup Global Markets India Private Limited Edelweiss Financial Services Ltd Morgan Stanley India Company Pvt Ltd
Registrar	Alankit Assignments 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 HUDCO IPO is up to ₹1,224.35 Cr whereas the issue size of the IndiGrid InvIT Fund is up to ₹2,250.00 Cr. The final issue price of HUDCO IPO is ₹60.00 per share and of IndiGrid InvIT Fund is ₹100.00 per share.

	HUDCO IPO	IndiGrid InvIT Fund
Face Value	₹10 per share	₹100 per share
Issue Price (Lower)	₹56.00 per share	₹98.00 per share
Issue Price (Upper)	₹60.00 per share	₹100.00 per share
Issue Price (Final)	₹60.00 per share	₹100.00 per share
Discount (Retail)	₹2.00 per share
Discount (Employee)	₹2.00 per share
Market Lot Size	200 shares	10205 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	20,40,58,747 shares	22,50,00,000 shares
Issue Size Total (Amount)	up to ₹1,224.35 Cr	up to ₹2,250.00 Cr

IPO Timetable

HUDCO IPO opens on May 08, 2017, while IndiGrid InvIT Fund opens on May 17, 2017. The closing date of HUDCO IPO and IndiGrid InvIT Fund is May 11, 2017, and May 19, 2017, respectively.

	HUDCO IPO	IndiGrid InvIT Fund
Anchor Bid Date
Issue Open	May 08, 2017	May 17, 2017
Issue Close	May 11, 2017	May 19, 2017
Basis Of Allotment (Tentative)	May 17, 2017
Initiation of Refunds (Tentative)	May 18, 2017
Credit of Share (Tentative)	May 18, 2017
Listing date (Tentative)	May 19, 2017
Anchor Lockin End date 1	Jun 16, 2017
Anchor Lockin End date 2	Aug 15, 2017

Financials

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

HUDCO IPO

IndiGrid InvIT Fund

Financial

Summary of financial Information
Particulars	For the year/period ended (in Rs. Million)
	31-Dec-16	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13	31-Mar-12
Total Assets	360,975.4	358,815.8	331,137.4	302,244.0	269,489.4	274,951.7
Total Revenue	26,779.9	33,500.8	34,278.5	30,028.8	29,213.4	27,786.4
Profit After Tax (PAT)	4,962.9	8,106.1	7,683.2	7,339.7	6,996.9	6,215.7

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the HUDCO IPO retail investors (RII) are offered 7,00,66,500 shares while in IndiGrid InvIT Fund retail investors are offered 7,00,66,500 shares. Qualified institutional buyers (QIB) are offered 10,00,95,000 shares in HUDCO IPO and 6,88,80,294 shares in IndiGrid InvIT Fund.

	HUDCO IPO	IndiGrid InvIT Fund
Anchor Investor Reserveration
Market Maker Reserveration
QIB	10,00,95,000 shares	6,88,80,294 shares
NII	3,00,28,500 shares
RII	7,00,66,500 shares
Employee	38,68,747 shares
Others
Total	20,40,58,747 shares	12,62,78,838 shares

Bids Received (Subscription)

HUDCO IPO subscribed 79.53x in total, whereas IndiGrid InvIT Fund subscribed 1.35x.

	HUDCO IPO	IndiGrid InvIT Fund
QIB (times)	55.45x	1.14x
NII (times)	330.36x
Big NII (times)
Small NII (times)
RII (times)	10.79x
Employee (times)	0.74x
Other (times)		1.60x
Total (times)	79.53x	1.35x

Compare with others

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Tejas Networks IPO	Salasar Techno IPO
IndiGrid InvIT Fund	Au Financiers IPO
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S Chand and Company IPO	Tejas Networks IPO
Shankara Buildpro IPO	PSP Projects IPO
CL Educate IPO	IRB InvIT Fund IPO
Radio City IPO	S Chand and Company IPO
CDSL IPO	HUDCO IPO
DMart IPO	Shankara Buildpro IPO

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