ICICI Securities IPO vs Karda Construction IPO

Comparision between ICICI Securities IPO and Karda Construction IPO.

IPO Details

ICICI Securities 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.

	ICICI Securities 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	Bofa Securities India Limited Citigroup Global Markets India Private Limited Clsa India Private Limited Edelweiss Financial Services Ltd Iifl Securities Ltd SBI Capital Markets Limited	Aryaman Financial Services Limited
Registrar	Kfin Technologies Limited	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 ICICI Securities IPO is up to ₹4,016.97 Cr whereas the issue size of the Karda Construction IPO is up to ₹77.40 Cr. The final issue price of ICICI Securities IPO is ₹520.00 per share and of Karda Construction IPO is ₹180.00 per share.

	ICICI Securities IPO	Karda Construction IPO
Face Value	₹5 per share	₹10 per share
Issue Price (Lower)	₹519.00 per share	₹175.00 per share
Issue Price (Upper)	₹520.00 per share	₹180.00 per share
Issue Price (Final)	₹520.00 per share	₹180.00 per share
Discount (Retail)
Discount (Employee)
Market Lot Size	28 shares	80 shares
Fresh Issue Size
Fresh Issue Size (Amount)
OFS Issue Size
OFS Issue Size (Amount)
Issue Size Total	7,72,49,508 shares	43,00,000 shares
Issue Size Total (Amount)	up to ₹4,016.97 Cr	up to ₹77.40 Cr

IPO Timetable

ICICI Securities IPO opens on Mar 22, 2018, while Karda Construction IPO opens on Mar 16, 2018. The closing date of ICICI Securities IPO and Karda Construction IPO is Mar 26, 2018, and Mar 21, 2018, respectively.

	ICICI Securities IPO	Karda Construction IPO
Anchor Bid Date
Issue Open	Mar 22, 2018	Mar 16, 2018
Issue Close	Mar 26, 2018	Mar 21, 2018
Basis Of Allotment (Tentative)	Apr 02, 2018	Mar 26, 2018
Initiation of Refunds (Tentative)	Apr 03, 2018	Mar 27, 2018
Credit of Share (Tentative)	Apr 04, 2018	Mar 28, 2018
Listing date (Tentative)	Apr 04, 2018	Apr 02, 2018
Anchor Lockin End date 1	May 02, 2018	Apr 25, 2018
Anchor Lockin End date 2	Jul 01, 2018	Jun 24, 2018

Financials

ICICI Securities IPO P/E ratio is , as compared to Karda Construction IPO P/E ratio of .

ICICI Securities 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	20,401.6	13,920.2	13,611.4	16,203.7	9,029.2
Total Revenue	14,039.0	11,235.6	12,094.6	8,117.4	7,049.7
Profit After Tax	3,376.1	2,357.4	2,439.6	733.0	756.6

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 ICICI Securities IPO retail investors (RII) are offered 73,38,703 shares while in Karda Construction IPO retail investors are offered 73,38,703 shares. Qualified institutional buyers (QIB) are offered 2,20,16,111 shares in ICICI Securities IPO and 4,30,000 shares in Karda Construction IPO.

	ICICI Securities IPO	Karda Construction IPO
Anchor Investor Reserveration
Market Maker Reserveration
QIB	2,20,16,111 shares	4,30,000 shares
NII	1,10,08,054 shares	17,20,000 shares
RII	73,38,703 shares	21,50,000 shares
Employee
Others
Total	4,42,25,343 shares	43,00,000 shares

Bids Received (Subscription)

ICICI Securities IPO subscribed 0.78x in total, whereas Karda Construction IPO subscribed 2.53x.

	ICICI Securities IPO	Karda Construction IPO
QIB (times)	1.04x	1.55x
NII (times)	0.36x	3.44x
Big NII (times)
Small NII (times)
RII (times)	0.89x	2.01x
Employee (times)
Other (times)	0.34x
Total (times)	0.78x	2.53x

Compare with others

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

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