IndoStar Capital Finance IPO vs Karda Construction IPO

Comparision between IndoStar Capital Finance IPO and Karda Construction IPO.

IPO Details

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

	IndoStar Capital Finance IPO	Karda Construction 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	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	Aryaman Financial Services Limited
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 IndoStar Capital Finance IPO is up to ₹1,844.00 Cr whereas the issue size of the Karda Construction IPO is up to ₹77.40 Cr. The final issue price of IndoStar Capital Finance IPO is ₹572.00 per share and of Karda Construction IPO is ₹180.00 per share.

	IndoStar Capital Finance IPO	Karda Construction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹570.00 per share	₹175.00 per share
Issue Price (Upper)	₹572.00 per share	₹180.00 per share
Issue Price (Final)	₹572.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	26 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹700.00 Cr
OFS Issue Size	2,00,00,000 shares
OFS Issue Size (Amount)
Issue Size Total	3,22,37,762 shares	43,00,000 shares
Issue Size Total (Amount)	up to ₹1,844.00 Cr	up to ₹77.40 Cr

IPO Timetable

IndoStar Capital Finance IPO opens on May 09, 2018, while Karda Construction IPO opens on Mar 16, 2018. The closing date of IndoStar Capital Finance IPO and Karda Construction IPO is May 11, 2018, and Mar 21, 2018, respectively.

	IndoStar Capital Finance IPO	Karda Construction IPO
Anchor Bid Date
Issue Open	May 09, 2018	Mar 16, 2018
Issue Close	May 11, 2018	Mar 21, 2018
Basis Of Allotment (Tentative)	May 16, 2018	Mar 26, 2018
Initiation of Refunds (Tentative)	May 17, 2018	Mar 27, 2018
Credit of Share (Tentative)	May 18, 2018	Mar 28, 2018
Listing date (Tentative)	May 21, 2018	Apr 02, 2018
Anchor Lockin End date 1	Jun 15, 2018	Apr 25, 2018
Anchor Lockin End date 2	Aug 14, 2018	Jun 24, 2018

Financials

IndoStar Capital Finance IPO P/E ratio is , as compared to Karda Construction IPO P/E ratio of .

IndoStar Capital Finance IPO

Karda Construction IPO

Financial

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

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Lakhs)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	24,853.72	24,961.42	23,304.63	18,612.39	16,238.73
Total Revenue	11,002.26	10,593.47	4,653.44	5,907.39	4,328.65
Profit After Tax	803.14	637.43	307.56	360.55	270.39

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IndoStar Capital Finance IPO retail investors (RII) are offered 1,12,98,246 shares while in Karda Construction IPO retail investors are offered 1,12,98,246 shares. Qualified institutional buyers (QIB) are offered 64,35,086 shares in IndoStar Capital Finance IPO and 4,30,000 shares in Karda Construction IPO.

	IndoStar Capital Finance IPO	Karda Construction IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	64,35,086 shares	4,30,000 shares
NII	48,42,106 shares	17,20,000 shares
RII	1,12,98,246 shares	21,50,000 shares
Employee
Others
Total	2,25,75,438 shares	43,00,000 shares

Bids Received (Subscription)

IndoStar Capital Finance IPO subscribed 6.65x in total, whereas Karda Construction IPO subscribed 2.53x.

	IndoStar Capital Finance IPO	Karda Construction IPO
QIB (times)	16.08x	1.55x
NII (times)	6.91x	3.44x
Big NII (times)
Small NII (times)
RII (times)	1.17x	2.01x
Employee (times)
Other (times)
Total (times)	6.65x	2.53x

Compare with others

IndoStar Capital Finance IPO	Karda Construction IPO
CreditAccess Grameen IPO	IndoStar Capital Finance IPO
HDFC AMC IPO	Lemon Tree Hotels IPO
Varroc Engineering IPO	ICICI Securities IPO
Fine Organic IPO	Mishra Dhatu Nigam IPO
RITES Limited IPO	Sandhar Technologies IPO
Lemon Tree Hotels IPO	Hindustan Aeronautics IPO
ICICI Securities IPO	Bharat Dynamics IPO
Mishra Dhatu Nigam IPO	Bandhan Bank IPO
Sandhar Technologies IPO	HG Infra IPO
Karda Construction IPO	Aster DM Healthcare IPO

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