IRCON International IPO vs TCNS Clothing IPO

Comparision between IRCON International IPO and TCNS Clothing IPO.

IPO Details

IRCON International IPO is a Mainline Book Built Issue IPO proposed to list at BSE, NSE while TCNS Clothing IPO is a Mainline Book Built Issue proposed to list at BSE, NSE.

	IRCON International IPO	TCNS Clothing 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 Idbi Capital Market Services Limited SBI Capital Markets Limited	Citigroup Global Markets India Private Limited Kotak Mahindra Capital Company Limited
Registrar	Kfin Technologies Limited	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 IRCON International IPO is up to ₹470.49 Cr whereas the issue size of the TCNS Clothing IPO is up to ₹1,125.13 Cr. The final issue price of IRCON International IPO is ₹475.00 per share and of TCNS Clothing IPO is ₹716.00 per share.

	IRCON International IPO	TCNS Clothing IPO
Face Value	₹10 per share	₹2 per share
Issue Price (Lower)	₹470.00 per share	₹714.00 per share
Issue Price (Upper)	₹475.00 per share	₹716.00 per share
Issue Price (Final)	₹475.00 per share	₹716.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	30 shares	20 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size		1,57,14,038 shares
OFS Issue Size (Amount)
Issue Size Total	99,05,157 shares	1,57,14,038 shares
Issue Size Total (Amount)	up to ₹470.49 Cr	up to ₹1,125.13 Cr

IPO Timetable

IRCON International IPO opens on Sep 17, 2018, while TCNS Clothing IPO opens on Jul 18, 2018. The closing date of IRCON International IPO and TCNS Clothing IPO is Sep 19, 2018, and Jul 20, 2018, respectively.

	IRCON International IPO	TCNS Clothing IPO
Anchor Bid Date
Issue Open	Sep 17, 2018	Jul 18, 2018
Issue Close	Sep 19, 2018	Jul 20, 2018
Basis Of Allotment (Tentative)	Sep 25, 2018	Jul 25, 2018
Initiation of Refunds (Tentative)	Sep 26, 2018	Jul 26, 2018
Credit of Share (Tentative)	Sep 26, 2018	Jul 27, 2018
Listing date (Tentative)	Sep 28, 2018	Jul 30, 2018
Anchor Lockin End date 1	Oct 25, 2018	Aug 24, 2018
Anchor Lockin End date 2	Dec 24, 2018	Oct 23, 2018

Financials

IRCON International IPO P/E ratio is , as compared to TCNS Clothing IPO P/E ratio of .

IRCON International IPO

TCNS Clothing IPO

Financial

Summary of financial Information (Restated Consolidated)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16	31-Mar-15 (Proforma)	31-Mar-14	31-Mar-13
Total Assets	127,782.22	92.314.11	81,394.06	65,210.01	62,134.65	62,389.08
Total Revenue	42,124.02	33,013.48	29,086.37	33,325.05	41,507.70	45,431.58
Profit After Tax	4,115.80	3,839.78	3,931.08	5,630.31	7,469.80	8,048.95

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Millions)
	31-Marc-18	31-Mar-17	31-Mar-16	31-Mar-15(Proforma)	31-Mar-14	31-Mar-13
Total Assets	1,27,079.37	91,676.27	81,367.77	65,287.03	61,718.40	62,393.25
Total Revenue	41,230.59	33,544.28	28,343.49	32,192.33	41,588.22	45,600.59
Profit After Tax	3,908.60	3,688.51	3,693.04	5,591.28	7,403.85	8,131.88

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. Million)
	31-Mar-18	31-Mar-17	31-Mar-16 (Proforma)
Total Assets	5,763.59	4,258.04	3,087.843
Total Revenue	8,491.57	7,129.73	4,881.35
Profit After Tax	980.97	157.97	(414.96)

Promoter Shareholding (Pre-Issue)

Promoter Shareholding (Post-Issue)

P/E Ratio

Market Cap

ROE

ROCE

Debt/Equity

EPS

RoNW

Shares Offered

In the IRCON International IPO retail investors (RII) are offered 32,91,805 shares while in TCNS Clothing IPO retail investors are offered 32,91,805 shares. Qualified institutional buyers (QIB) are offered 47,02,578 shares in IRCON International IPO and 34,12,808 shares in TCNS Clothing IPO.

	IRCON International IPO	TCNS Clothing IPO
Anchor Investor Reserveration		47,14,210 shares
Market Maker Reserveration
QIB	47,02,578 shares	34,12,808 shares
NII	14,10,774 shares	23,57,106 shares
RII	32,91,805 shares	54,99,914 shares
Employee	5,00,000 shares	0 shares
Others
Total	99,05,157 shares	1,12,69,828 shares

Bids Received (Subscription)

IRCON International IPO subscribed 9.77x in total, whereas TCNS Clothing IPO subscribed 5.22x.

	IRCON International IPO	TCNS Clothing IPO
QIB (times)	12.29x	13.47x
NII (times)	4.92x	5.08x
Big NII (times)
Small NII (times)
RII (times)	9.66x	0.57x
Employee (times)	0.36x
Other (times)
Total (times)	9.77x	5.22x

Compare with others

IRCON International IPO	TCNS Clothing IPO
Metropolis IPO	Xelpmoc Design and Tech IPO
Embassy Office Parks	Aavas Financiers IPO
MSTC IPO	IRCON International IPO
Xelpmoc Design and Tech IPO	Garden Reach Shipbuilders IPO
Aavas Financiers IPO	Chalet Hotels Limited IPO
Garden Reach Shipbuilders IPO	CreditAccess Grameen IPO
Chalet Hotels Limited IPO	HDFC AMC IPO
TCNS Clothing IPO	Varroc Engineering IPO
CreditAccess Grameen IPO	Fine Organic IPO
HDFC AMC IPO	RITES Limited IPO

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