Indosolar IPO vs Microsec Financial IPO

Comparision between Indosolar IPO and Microsec Financial IPO.

IPO Details

Indosolar IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while Microsec Financial IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	Indosolar IPO	Microsec Financial 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	Axis Capital Limited	SBI Capital Markets Limited
Registrar	Link Intime India Private 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 Indosolar IPO is up to ₹357.00 Cr whereas the issue size of the Microsec Financial IPO is up to ₹147.50 Cr. The final issue price of Indosolar IPO is ₹29.00 per share and of Microsec Financial IPO is ₹118.00 per share.

	Indosolar IPO	Microsec Financial IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹29.00 per share	₹113.00 per share
Issue Price (Upper)	₹32.00 per share	₹118.00 per share
Issue Price (Final)	₹29.00 per share	₹118.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	200 shares	52 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,31,03,448 shares	1,25,00,000 shares
Issue Size Total (Amount)	up to ₹357.00 Cr	up to ₹147.50 Cr

IPO Timetable

Indosolar IPO opens on Sep 13, 2010, while Microsec Financial IPO opens on Sep 17, 2010. The closing date of Indosolar IPO and Microsec Financial IPO is Sep 15, 2010, and Sep 21, 2010, respectively.

	Indosolar IPO	Microsec Financial IPO
Anchor Bid Date
Issue Open	Sep 13, 2010	Sep 17, 2010
Issue Close	Sep 15, 2010	Sep 21, 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

Indosolar IPO P/E ratio is , as compared to Microsec Financial IPO P/E ratio of .

Indosolar IPO

Microsec Financial IPO

Financial

Particulars	For the year/period ended (Rs. in Million)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	87.55	142.40	127.77	39.54	17.03	9.64
Profit After Tax (PAT)	48.12	56.06	77.03	28.86	18.71	0.01

Promoter Shareholding (Pre-Issue)

97.63%

90.25%

Promoter Shareholding (Post-Issue)

61.77%

54.78%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

-46.06%%

19.68%%

Shares Offered

In the Indosolar IPO retail investors (RII) are offered 4,30,86,207 shares while in Microsec Financial IPO retail investors are offered 4,30,86,207 shares. Qualified institutional buyers (QIB) are offered 6,15,51,724 shares in Indosolar IPO and 62,50,000 shares in Microsec Financial IPO.

	Indosolar IPO	Microsec Financial IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,15,51,724 shares	62,50,000 shares
NII	1,84,65,517 shares	18,75,000 shares
RII	4,30,86,207 shares	43,75,000 shares
Employee
Others
Total	12,31,03,448 shares	1,25,00,000 shares

Bids Received (Subscription)

Indosolar IPO subscribed 1.55x in total, whereas Microsec Financial IPO subscribed 12.20x.

	Indosolar IPO	Microsec Financial IPO
QIB (times)	1.44x	5.91x
NII (times)	1.30x	35.88x
Big NII (times)
Small NII (times)
RII (times)	1.81x	11.04x
Employee (times)
Other (times)
Total (times)	1.55x	12.20x

Compare with others

Indosolar IPO	Microsec Financial IPO
Ramky Infra IPO	Tecpro IPO
Microsec Financial IPO	Gallantt Ispat IPO
Career Point IPO	Electrosteel IPO
Tirupati Inks FPO	Orient Green IPO
Eros IPO	Ramky Infra IPO
VA Tech IPO	Career Point IPO
Coal India IPO	Tirupati Inks FPO
Gujarat Pipavav IPO	Eros IPO
Prakash Steelage IPO	Indosolar IPO
Bajaj Corp IPO	VA Tech IPO

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