HDFC AMC IPO vs IndoStar Capital Finance IPO

Comparision between HDFC AMC IPO and IndoStar Capital Finance IPO.

IPO Details

HDFC AMC IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while IndoStar Capital Finance IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	HDFC AMC IPO	IndoStar Capital Finance 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 Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Hdfc Bank Limited ICICI Securities Limited Iifl Securities Ltd J.P. Morgan India Private Limited Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Nomura Financial Advisory And Securities (India) Pvt Ltd	Jm Financial Limited Kotak Mahindra Capital Company Limited Morgan Stanley India Company Pvt Ltd Motilal Oswal Investment Advisors Limited Nomura Financial Advisory And Securities (India) Pvt Ltd
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 HDFC AMC IPO is up to ₹2,800.33 Cr whereas the issue size of the IndoStar Capital Finance IPO is up to ₹1,844.00 Cr. The final issue price of HDFC AMC IPO is ₹1,100.00 per share and of IndoStar Capital Finance IPO is ₹572.00 per share.

	HDFC AMC IPO	IndoStar Capital Finance IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹1,095.00 per share	₹570.00 per share
Issue Price (Upper)	₹1,100.00 per share	₹572.00 per share
Issue Price (Final)	₹1,100.00 per share	₹572.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	13 shares	26 shares
Fresh Issue Size
Fresh Issue Size (Amount)		up to ₹700.00 Cr
OFS Issue Size	2,54,57,555 shares	2,00,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	2,54,57,555 shares	3,22,37,762 shares
Issue Size Total (Amount)	up to ₹2,800.33 Cr	up to ₹1,844.00 Cr

IPO Timetable

HDFC AMC IPO opens on Jul 25, 2018, while IndoStar Capital Finance IPO opens on May 09, 2018. The closing date of HDFC AMC IPO and IndoStar Capital Finance IPO is Jul 27, 2018, and May 11, 2018, respectively.

	HDFC AMC IPO	IndoStar Capital Finance IPO
Anchor Bid Date
Issue Open	Jul 25, 2018	May 09, 2018
Issue Close	Jul 27, 2018	May 11, 2018
Basis Of Allotment (Tentative)	Aug 01, 2018	May 16, 2018
Initiation of Refunds (Tentative)	Aug 02, 2018	May 17, 2018
Credit of Share (Tentative)	Aug 03, 2018	May 18, 2018
Listing date (Tentative)	Aug 06, 2018	May 21, 2018
Anchor Lockin End date 1	Aug 31, 2018	Jun 15, 2018
Anchor Lockin End date 2	Oct 30, 2018	Aug 14, 2018

Financials

HDFC AMC IPO P/E ratio is , as compared to IndoStar Capital Finance IPO P/E ratio of .

HDFC AMC IPO

IndoStar Capital Finance IPO

Financial

Summary of financial Information (Restated)
Particulars	For the year/period ended (in Rs. Millions)
	31-Dec-17	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	25,831.58	15,995.90	14,227.17	13,117.50	11,213.36	8,294.39
Total Revenue	13,167.21	15,879.10	14,943.42	10,642.76	9,031.14	7,839.76
Profit After Tax	4,955.55	5,502.46	4,778.80	4,155.00	3,577.70	3,187.46

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	54,853.65	46,922.73	39,916.86	31,608.02	22,070.85
Total Revenue	7,155.42	6,413.79	5,280.56	3,969.05	2,415.77
Profit After Tax	2,090.38	1,910.16	1,490.65	1,121.36	900.94

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the HDFC AMC IPO retail investors (RII) are offered 77,62,145 shares while in IndoStar Capital Finance IPO retail investors are offered 77,62,145 shares. Qualified institutional buyers (QIB) are offered 44,35,511 shares in HDFC AMC IPO and 64,35,086 shares in IndoStar Capital Finance IPO.

	HDFC AMC IPO	IndoStar Capital Finance IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	44,35,511 shares	64,35,086 shares
NII	33,26,634 shares	48,42,106 shares
RII	77,62,145 shares	1,12,98,246 shares
Employee	8,80,000 shares
Others
Total	1,88,04,290 shares	2,25,75,438 shares

Bids Received (Subscription)

HDFC AMC IPO subscribed 82.99x in total, whereas IndoStar Capital Finance IPO subscribed 6.65x.

	HDFC AMC IPO	IndoStar Capital Finance IPO
QIB (times)	192.26x	16.08x
NII (times)	195.15x	6.91x
Big NII (times)
Small NII (times)
RII (times)	6.57x	1.17x
Employee (times)	1.51x
Other (times)	2.65x
Total (times)	82.99x	6.65x

Compare with others

HDFC AMC IPO	IndoStar Capital Finance IPO
IRCON International IPO	CreditAccess Grameen IPO
Garden Reach Shipbuilders IPO	HDFC AMC IPO
Chalet Hotels Limited IPO	Varroc Engineering IPO
TCNS Clothing IPO	Fine Organic IPO
CreditAccess Grameen IPO	RITES Limited IPO
Varroc Engineering IPO	Lemon Tree Hotels IPO
Fine Organic IPO	ICICI Securities IPO
RITES Limited IPO	Mishra Dhatu Nigam IPO
IndoStar Capital Finance IPO	Sandhar Technologies IPO
Lemon Tree Hotels IPO	Karda Construction IPO

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