HG Infra IPO vs Karda Construction IPO

Comparision between HG Infra IPO and Karda Construction IPO.

IPO Details

HG Infra 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.

	HG Infra 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	Hdfc Bank Limited SBI Capital Markets Limited	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 HG Infra IPO is up to ₹462.00 Cr whereas the issue size of the Karda Construction IPO is up to ₹77.40 Cr. The final issue price of HG Infra IPO is ₹270.00 per share and of Karda Construction IPO is ₹180.00 per share.

	HG Infra IPO	Karda Construction IPO
Face Value	₹10 per share	₹10 per share
Issue Price (Lower)	₹263.00 per share	₹175.00 per share
Issue Price (Upper)	₹270.00 per share	₹180.00 per share
Issue Price (Final)	₹270.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	55 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)	up to ₹300.00 Cr
OFS Issue Size	60,00,000 shares
OFS Issue Size (Amount)
Issue Size Total		43,00,000 shares
Issue Size Total (Amount)	up to ₹462.00 Cr	up to ₹77.40 Cr

IPO Timetable

HG Infra IPO opens on Feb 26, 2018, while Karda Construction IPO opens on Mar 16, 2018. The closing date of HG Infra IPO and Karda Construction IPO is Feb 28, 2018, and Mar 21, 2018, respectively.

	HG Infra IPO	Karda Construction IPO
Anchor Bid Date
Issue Open	Feb 26, 2018	Mar 16, 2018
Issue Close	Feb 28, 2018	Mar 21, 2018
Basis Of Allotment (Tentative)	Mar 06, 2018	Mar 26, 2018
Initiation of Refunds (Tentative)	Mar 07, 2018	Mar 27, 2018
Credit of Share (Tentative)	Mar 08, 2018	Mar 28, 2018
Listing date (Tentative)	Mar 09, 2018	Apr 02, 2018
Anchor Lockin End date 1	Apr 05, 2018	Apr 25, 2018
Anchor Lockin End date 2	Jun 04, 2018	Jun 24, 2018

Financials

HG Infra IPO P/E ratio is , as compared to Karda Construction IPO P/E ratio of .

HG Infra IPO

Karda Construction IPO

Financial

Summary of financial Information (Restated Standalone)
Particulars	For the year/period ended (in Rs. million)
	31-Mar-17	31-Mar-16	31-Mar-15	31-Mar-14	31-Mar-13
Total Assets	5,380.18	3,753.92	2,249.66	2,148.10	2,265.99
Total Revenue	9,739.72	7,148.02	3,377.33	4,465.84	3,254.40
Profit After Tax	492.97	301.83	92.22	171.71	134.90

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 HG Infra IPO retail investors (RII) are offered 60,92,396 shares while in Karda Construction IPO retail investors are offered 60,92,396 shares. Qualified institutional buyers (QIB) are offered 34,33,647 shares in HG Infra IPO and 4,30,000 shares in Karda Construction IPO.

	HG Infra IPO	Karda Construction IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	34,33,647 shares	4,30,000 shares
NII	26,11,027 shares	17,20,000 shares
RII	60,92,396 shares	21,50,000 shares
Employee
Others
Total	1,21,37,070 shares	43,00,000 shares

Bids Received (Subscription)

HG Infra IPO subscribed 4.98x in total, whereas Karda Construction IPO subscribed 2.53x.

	HG Infra IPO	Karda Construction IPO
QIB (times)	8.37x	1.55x
NII (times)	4.97x	3.44x
Big NII (times)
Small NII (times)
RII (times)	3.08x	2.01x
Employee (times)
Other (times)
Total (times)	4.98x	2.53x

Compare with others

HG Infra IPO	Karda Construction IPO
Sandhar Technologies IPO	IndoStar Capital Finance IPO
Karda Construction IPO	Lemon Tree Hotels IPO
Hindustan Aeronautics IPO	ICICI Securities IPO
Bharat Dynamics IPO	Mishra Dhatu Nigam IPO
Bandhan Bank IPO	Sandhar Technologies IPO
Aster DM Healthcare IPO	Hindustan Aeronautics IPO
Galaxy Surfactants IPO	Bharat Dynamics IPO
Amber Enterprises IPO	Bandhan Bank IPO
Newgen Software IPO	HG Infra IPO
Apollo Micro Systems IPO	Aster DM Healthcare IPO

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