Indosolar IPO vs Prakash Steelage IPO

Comparision between Indosolar IPO and Prakash Steelage IPO.

IPO Details

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

	Indosolar IPO	Prakash Steelage 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	Keynote Financial Services Ltd
Registrar	Link Intime India Private Ltd	Bigshare Services Pvt 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 Prakash Steelage IPO is up to ₹68.75 Cr. The final issue price of Indosolar IPO is ₹29.00 per share and of Prakash Steelage IPO is ₹110.00 per share.

	Indosolar IPO	Prakash Steelage IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹29.00 per share	₹100.00 per share
Issue Price (Upper)	₹32.00 per share	₹110.00 per share
Issue Price (Final)	₹29.00 per share	₹110.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	200 shares	60 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	12,31,03,448 shares	62,50,000 shares
Issue Size Total (Amount)	up to ₹357.00 Cr	up to ₹68.75 Cr

IPO Timetable

Indosolar IPO opens on Sep 13, 2010, while Prakash Steelage IPO opens on Aug 05, 2010. The closing date of Indosolar IPO and Prakash Steelage IPO is Sep 15, 2010, and Aug 10, 2010, respectively.

	Indosolar IPO	Prakash Steelage IPO
Anchor Bid Date
Issue Open	Sep 13, 2010	Aug 05, 2010
Issue Close	Sep 15, 2010	Aug 10, 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 Prakash Steelage IPO P/E ratio of .

Indosolar IPO

Prakash Steelage IPO

Financial

Particulars	For the year/period ended (Rs. in Lacs)
	30-Sep-09	31-Mar-09	31-Mar-08	31-Mar-07	31-Mar-06	31-Mar-05
Total Income	19,191.02	32,247.36	23,238.20	16,005.63	9,894.02	6,147.99
Profit After Tax (PAT)	746.10	749.71	820.38	314.30	81.00	33.81

Promoter Shareholding (Pre-Issue)

97.63%

100%

Promoter Shareholding (Post-Issue)

61.77%

64.29%

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

-46.06%%

35.03%%

Shares Offered

In the Indosolar IPO retail investors (RII) are offered 4,30,86,207 shares while in Prakash Steelage 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 30,75,000 shares in Prakash Steelage IPO.

	Indosolar IPO	Prakash Steelage IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	6,15,51,724 shares	30,75,000 shares
NII	1,84,65,517 shares	9,22,500 shares
RII	4,30,86,207 shares	21,52,500 shares
Employee		1,00,000 shares
Others
Total	12,31,03,448 shares	62,50,000 shares

Bids Received (Subscription)

Indosolar IPO subscribed 1.55x in total, whereas Prakash Steelage IPO subscribed 4.53x.

	Indosolar IPO	Prakash Steelage IPO
QIB (times)	1.44x	1.27x
NII (times)	1.30x	10.91x
Big NII (times)
Small NII (times)
RII (times)	1.81x	6.62x
Employee (times)		1.02x
Other (times)
Total (times)	1.55x	4.53x

Compare with others

Indosolar IPO	Prakash Steelage IPO
Ramky Infra IPO	Eros IPO
Microsec Financial IPO	Indosolar IPO
Career Point IPO	VA Tech IPO
Tirupati Inks FPO	Coal India IPO
Eros IPO	Gujarat Pipavav IPO
VA Tech IPO	Bajaj Corp IPO
Coal India IPO	SKS Microfinance IPO
Gujarat Pipavav IPO	Engineers India FPO
Prakash Steelage IPO	Midfield Industries IPO
Bajaj Corp IPO	Hindustan Media IPO

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